When you have been hit by a financial crisis the last thing you want to hear by a financial counselor or company is how much you will have to pay in order for them to advise you on how to take care of the matter.
What you do need to hear is that free debt advice is real and is available in a variety of locations.
There are many companies out there who are dedicated and specialize in helping those are struggling financially to pay off their debts quickly.
The debt settlement company offers free debt advice but will charge a fee for the work that is required to contact each individual creditor and to get you the lower rate that you need.
This will help to save you from making drastic decisions such as filing for bankruptcy.
Bankruptcy should be considered as a last resort since it can cause more damage than good.
With a little bit of research you can find many reputable companies online or off that can give you free debt advice.
They are qualified professionals who have knowledge in what you are going through and how to rectify the situation.
They will need to take a complete history of your financial status to get a better understanding of just how far in debt you are and what needs to be done to reverse it.
Once they have a full list of who you owe and how much they will then contact the creditors in order to get you a lower settlement rate.
Normally they will combine all of your outstanding bills and once they have a lower rate this is what you would pay in order to get your debt under control.
Instead of paying several creditors per month you would only make a single payment which will be divided between them.
The debt settlement company offers free debt advice but will charge a fee for the work that is required to contact each individual creditor and to get you the lower rate that you need.
They are working on your behalf and this is what the fee will be for.
Normally the rate they charge is a certain percentage of the final pay off amount they get for you.
Always check the credentials of any companies that you are interested in and ask for references from previous customers.
If you are using a company that you found online you can easily find feedback by checking search engines for any negative feedback on them.
You can find more information online about companies than you can offline so use that to your benefit.
If at any time a company asks for money without even contacting the creditors or giving you a pay off amount it has scam written all over it and you should completely avoid them all together.
Remember it is possible to get free debt advice and help with your financial situation by finding the right debt settlement company.
Have patience and you will eventually work your way towards a brighter future.