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WOODVILLE REPUBLICAN
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WEEKLY
03/04/2010
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BBB Offers Advice On Online
D.ebrSettlement Companies
The Better Business Bu­
reau 0:illID Serving Mississip­
pi offers advice on selecting
reputable online companies for
people considering debt settl&
ment as a solution to exressive
debt. Ask the following ques­
tions:
Are there minimum re­
quirements set fur applicants?
Companies that just want to
grab business probably aren't
really concerned about the fi­
nancial needs of their clients.
What is the cost of the pro-
gram? You need to knaw the
cost of services in order to
properly detemrine your debt
settlement budget.
How long will it take to
complete the program'? It gen­
erally takes at least 2 yeara (0r­
ten 3), so o:ffurs ofcompletion in
less time are a definite red flag.
How mudl money do they
claim to be able to save you?
:Most online settlement compa­
nies offer the ability to save 4()..
60% of the client's total debt.
Be sure to calculate vuor sav­
ings by including the settle­
ment ser\'ioo fu.es.
Is the company accredited
by the BBB or TASC (Trade
Association of Settlement
Companies)?
1'0 sum it up, you should
mnsider the fuctors mentioned
above befure making your final
decision," said Bill Moak, Presi­
dentJCEO of the Mississippi
BBB. "If you make the wrong
decision, you willlilrely have to
suffer for a long time."
To obtain a Reliability Re­
port on companies, visit the
BBB's Web site (www.ms.bbb.
org) or call their Automated
Response Line (00()'987-8280).