Debt management planning or DMP, as it is commonly known, is the process by which a debtor takes the help of a professional third party, a debt management company, to plan out the payment of his/her unsecured personal debts. The need for such debt management arises due to certain uncontrollable variables such as delay in payment, installments eating up a large chunk of the income, etc. The third party organization, i.e. the debt management company, comes into picture for planning the repayment of the debt by assessing the debtor's income and budget and by renegotiating the interests and payment installments with the creditor. A debt manager can be creditor sponsored whose services are free to the debtor. A debtor can also make use of the services of free charging debt management organizations or low charging charity organizations providing debt management service. Let us check out a debt management companies list that includes reputed names in the field of professional debt settlement.
Debt Management Companies: How do They Work?
Before proceeding to the debt management companies list, let's take a brief look at how debt management companies work. As third party professionals, debt management companies act as intermediaries between the borrower and the lender. Whether or not the conditions for payment of the debt are accepted by the creditor depends upon the latter. A good debt relief company is one which advises you meet your priority expenses first and then pay your installment from the remaining money, depending upon how much you can realistically afford at one go. Priority expenses may include expenses incurred on food, rent, mortgage, health, education, etc. Most of the time, debt management companies alleviate a creditor's doubt that the debtor is not paying as much he can reasonably afford by reviewing the debtor's financial situation periodically and reporting the same to the creditor.
List of Debt Management Companies
Here is a list of some of the best debt management companies whose services are reputed and recommended all over the world! This debt management companies list also includes some names which you may not have heard before but that doesn't mean they are not good. All of these companies are touted as providing good quality professional service by most of their clientle.
- Ameridebt
- Premier Financial Debt Help
- Forget Unsecured Debt
- Consumer Credit Counseling Service
- Credit Solutions of America
- Federal Credit Union
- American Debt Consolidation
- DebtShield
- Hoffman, Brinker & Roberts
- Franklin Debt Relief
- NetDebt
- Superior Debt Relief Services
- Integrity Debt Relief Group
- ClearOne Advantage
- GHS Solutions
- Free Life Financial Corp
- American Financial Service
- Debt Settlement USA
- Clear Choice Debt Relief
- Superior Debt Relief Services
- American Debt Services
- CareOne Providers
- Delray Credit Counseling
- Credit Solutions
- ACCC Consumer Credit
- Debt Consolidation Connection
- CuraDebt
- Credit Solutions Phoenix
- Gibson Trust
- Jabez Financial Group Inc.
- A1 Debt Consolidators
- Amalgamated Debt Counselors
That's a tricky one! Some debt management companies do charge exorbitant fees but there are others who charge very less and even offer refund options! Before you jump to a conclusion on whether or not to solicit professional debt planners, assess your debt payment aspects first and make sure to thoroughly investigate the professional background of such companies. As a last resort, when you can't see any other way out, it may not be a very bad idea to seek professional help for managing your debt but then again, make sure you select the best debt management program that suits you! Sometimes, involving a professional intermediary who is neutral to both sides can provide some relief to the debtor and put the suspicions of the creditor regarding the debtor's intentions to pay back to rest! This way, the debtor would get respite from constant reminders from the creditor every other day!
On the event you feel you cannot do without the services of a professional debt planner, you can use this debt management companies list to decide upon the best service provider who is just right for your needs. However, I would strongly suggest the reader to thoroughly investigate the service provider before soliciting assistance and not select one solely on the basis of this article. Go through various debt management company reviews to know more about debt negotiation services. Wish you a speedy debt-riddance!
0 komentar:
Posting Komentar