Getting into an overwhelming amount of debt or experiencing a reduction in income can lead to extreme stress. Debt relief agencies are available everywhere you look, whether it be online or on billboards on the side of the road. Finding the one that is right for you while avoiding scams is possible with a little bit of research.
Step 1
Contact your local bank or credit union. Often these resources can make a referral for non-profit and legitimate debt relief agencies. They may help you find someone locally who can meet with you face-to-face.
Step 2
Go online to AICCCA.org. This is the Association of Independent Consumer Credit Counseling Agencies. Begin searching here or call (866) 703-8787 to get in touch with a credit counseling service.
Step 3
Compile a list of the agencies you have discovered. It may take a phone call or a bit of reading on the agency's website to determine what its services entail. Some companies focus on debt settlement, bankruptcy, counseling or negotiating reduced payments. Speaking to a qualified counselor will help you determine which type is best for your situation.
Step 4
Ask all the questions you have to help determine what service you need. It is helpful to have a list of your debt balances, creditor names, minimum payment requirements, due dates and a list of all income and other expenses that you have. Your credit counselor will help you develop a plan to help you overcome your situation.
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