How Do I Know if A Debt Reduction Service is Reputable?
Full Question:
I have signed a 'docu-sign' agreement with a company called Elite Financial Services Inc. in Saugus, Massachusetts to negotiate my credit card debts because I am unable to pay in a timely way without being penalized. At first I had a pretty good feeling about Garrett Hooper and the Elite Financial Services, but then I read a few blogs and complaints on the internet and am wondering if I did the right thing under the circumstances. Is this a reputable company for debt reduction?
06/20/2009 |
Category: Debts and Credit |
State: Arizona |
#17089
Answer:
If you need help negotiating with your creditors, consider contacting a nonprofit debt counseling organization. You can find a list of counseling agencies by location at the website of the U.S. Trustee, www.usdoj.gov/ust (select "Credit Counseling and Debtor Education.") The federal government has authorized the agencies on this list to provide counseling to debtors considering bankruptcy. However, don't pay anyone to "fix" your credit.
