Free
   Finance
           Info


     Identity Theft     Credit Repair     Get Out of Debt     Reverse Mortgages 

  
Home Loans/Refinance   Auto Loans   Student Loans   Family/Business Finance

 

 

Is It Safe To Consolidate Debt Online?

By Sandra Wellman

 

     Some people are motivated to consolidate debt online because they know they can save a lot of money by taking advantage of low interest rates. Others are panicking to find a quick and easy solution to help them deal with a mountain of debt.

      Whatever your motivations, a decision to consolidate debt online may be the solution but before you make your decision or offer detailed personal information to debt consolidation companies check to see what they have to offer.

      Don't consolidate debt online with the first company that promises to get you out of debt or help reach your goals quickly. If their promises sound too good to be true, you can bet they are.

      The Better Business Bureau has received tens of thousands of complaints from consumers that have fallen prey to false representation and unethical practices of some debt management companies.

     Whether you want to consolidate online or deal with a debt management company face to face consider the following tips:

 *    Find out if the company you want to deal with has a good record with related consumer agencies such as the Better Business Bureau.

 *    Stay clear of companies that fail to offer you a free consultation or those that offer a free consultation which includes little more than a sales pitch that promises to solve your problems if you sign up with them.  You want someone who will thoroughly discuss your financial situation, needs and options.

 *    Don't give your business to companies that charge large, up-front fees to set up or manage the financial option you choose. A modest processing, application or credit report fee may be required though.

 *    Get all your questions answered and find out what the terms are. Companies that offer high interest rate loans with harsh conditions and penalties built into the consolidation loan are often the same high pressure companies that promise you the moon.

 *    Find out if the staff that you are dealing with is trained and/or certified to help consumers deal with personal finance issues such as credit, debt, budgeting, bankruptcy and so on. You only want to deal with trained, courteous and accessible staff members.

 *    Never give out your personal information unless you are familiar with the company, know why they require it and can provide it via a secure server if you're communicating online.

 *    Be leery of and certainly don't pay anyone that promises to repair your credit without finding out how they can do it legally and how you can do it yourself for free.

      So is it safe to consolidate debt online?

      Yes, it can be. By all means surf around the net to discover the best place for you to consolidate debt online. Before you decide on a company, do a background check, get all your questions answered and follow the above tips to protect yourself as you work to achieve your financial goals.

 

          Back to Getting Out of Debt Article Listing

          Ebooks on Debt Relief

          Ultimate Debt Relief Guide - How You Can Get Out Of Debt FAST Without Filing Bankruptcy -- Using Several Little Known
          But Highly Effective Techniques Which Are Guaranteed To Work No Matter How Much You Currently Owe!        

Do it Yourself Credit Card Debt Settlement Secrets - A Complete Guide For Do-It-Yourself Credit Card Debt Settlement,
Without The Need For Hiring A Debt Settlement Company.

Ultimate Guide to Bust Through Credit Card Debt - Serious Help for People With The Credit Card Debt Problems!
This Is The Only Multimedia Credit Card Debt Product That Includes An EBook, Audio Interview, Transcript And Bonus EBook.

          Books on Debt Relief

        

For information on debt or credit counselors, please visit our resource page, link below.

Disclaimer: While we do our best to bring you the most accurate information available, each country and company has different rules and policies. You should always check the policies and procedures of the companies you do business with before making important decisions. We will not be held responsible for actions you take on your own. If you are not sure what to do to help yourself, please seek the advice of a licensed professional. Some links on this site are affiliate links where compensation is received when a sale is made.

Home   News-RSS    Resources    Links    Our Other Sites

    Webmasters     Support Our Site

Page copy protected against web site content infringement by Copyscape

© copyright 2005-2015 ALL RIGHTS RESERVED FREEFINANCEINFO.ORG