Debt Management Company

A debt management company will be able to help you get out of debt, but you have to do some research to find a good debt management company.

Debt Management Company

Shopping around for a debt management company is a time consuming but necessary task. Learn how to find a good debt management company here.

Compare and Save

The best way to shop online for a debt management company is to fill out the online forms many of them have on their sites. Within 24 hours of submission, you'll get recommendations sent to your inbox. Compare these to see who recommends what, and what makes sense for your situation. Then start looking at things like their address--do they have a physical street address? Could you drop in if it's close by? If not, steer clear. It's probably not a legitimate debt management company. (In fact, you might want to check this out before you complete the form.)

Other things to look for? Certification by the National Institute for Financial Counseling Education. It also helps if they're backed by the Better Business Bureau. Or, you can go to the Department of Justice's web site. They have a list of reputable debt management companies. Why? Because they work with Congress, and Congress recently passed a law that requires anyone filing for bankruptcy to go through a debt management program first. This was done in an effort to prevent people from filing for bankruptcy. It's a good idea too, because who wants bankruptcy on their credit report?!

Once you find a good debt management company, they will go over your financial situation with you so they can tell you which debt management programs are best for your situation. They might also suggest that you get credit counseling so you can look forward to a rosy future--a future free from debt!