How often have you seen offers that guaranteed lower monthly credit card and loan payments? It’s a tough offer to refuse if you are deep in debt, especially since you know non-profit company isn’t trying to make a buck off of you… or are they?

Many con artists run debt relief organizations that do not deliver on their tall promises to reduce your debts by more than half. They use attractive advertising to draw customers into a program that can set them back hundreds of dollars without making any further progress to reduce their debts. These fraudulent providers are not really non-profit at all.

It is important that consumers carefully verify that any institution that they are dealing with is reputable. This can be done by checking their status with the Better Business Bureau or other industry organizations. Legitimate counselors will also sit down with you and conduct an initial free and objective assessment of your financial situation. It is important to shop around and make sure all the good ones are making the same recommendations.

Many credit card companies may also be willing to negotiate with you directly; however, this can be difficult at times. Debt settlement companies offer a better solution that can help you consolidate and reduce your debts for a low fee. These companies can typically reduce your debts by as much as 50% by working with your creditors. We recommend Knockout Debt that can be reached at 866-559-DEBT.