How to Pick the Right Debt Counselor

Are you living from paycheck to paycheck? Have you accumulated a mountain of debt? You don’t have a retirement fund set up, let alone a proper budget planned?

If that’s what you’re going through right now, you should consider seeking an expert’s advice.

Whether it is credit card balance or equity, your debt can snowball into a problem that will get too big for you to control on your own. When you have outstanding debt problems on your hands, managing to handle it yourself can get very overwhelming.

Drafting up a budget plan that you can really stick to is not an easy thing to do. Besides, not everyone is aware enough about the particulars of debt and bankruptcy management like a trained professional is.

If you’ve decided to seek expert help, here are a few things you should keep in mind to hire the right debt counselor.

Know What You Want

The first thing to do before you hire a debt counseling service is to think about what do you actually need help with. Making a list of your financial problems and writing down the end-results you expect will help you select the right counselor for you. Maybe you only need help with simple budgeting; maybe your problem is more specific such as a proper debt review.

Check Local Reviews

One way to figure out whether a service is decent is by seeing if they have a satisfied clientele or not. Customers who’ve had good experiences with the company in the past are an indicator of how good of a service provider they are. Review debt counselors by seeing customer testimonials about them online.

Request a Written Agreement

Avoid making any verbal agreements and relying on the other person to carry them out. It’s always best to have things written down on paper. This will eliminate chances of fraud, unexpected interest rates, or hidden charges. A good debt counselor will be upfront and honest about their dealing with you from the start.

Initial Information

If a debt counselor is charging you for providing introductory information about your own financial situation, then that is a major red flag. In the start, you should be the one to request information about the company’s services and management methods and they shouldn’t charge you for it.

Here at Credit Matters, we have a free initial assessment policy that is designed to make our customers more aware about their financial situation and how we can later on help them manage debt.

We are one of the largest, national debt counseling services in South Africa. Call us now at 086 111 6197 to get your free first assessment!