Long Island New York Bankruptcy - Debt Consolidation or Chapter 13 Bankruptcy

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I Can't Tell If My Debt Consolidation Company Is Legit - What Should I Do?

Mar 29, 2007 by DLZ | Posted in Credit

I'm in a little bit of financial trouble and have decided to consolidate my bills. After a few calls to a few of the different companies that offer debt consolidation, 800CreditCardDebt.com seems to be the the most legit. I have yet to sign anything, because since this is such a serious matter, I wanted to do a bit of research on the company.

Turns out my payment is supposed to go to a PO Box in Long Island, but the Law Firm that will be representing me is actually located outside of Ft Lauderdale, FL. Now, first, the PO Box kind of sounded fishy to me, but then the fact that they don't mention the fact that they're actually in Florida.. I had to do a search on Google to find that out. And, I did a search on the New York and Florida Better Business Bureau websites, and they're not registered.

My simple question is, are most debt consolidation places like this? I just don't want to get involved in a company that could possibly be a scam.

Thanks!
Also, I don't need a speech on not consolidating or whatever.. I'd like to do this, I just need to know if the company I'm going through is really reputable.

I don't know about the company that you are talking about, but I have known people who used a company called "Novadebt", and they are legit. And I was told they are also very nice to deal with, not making you feel bad for having problems.

The Top Debt Consolidation Companies

The Top Debt Consolidation Companies

AmeriDebt is one of these large companies. AmeriDebt is located in Maryland, New York, and Alabama. Of the three companies, only one person–according to the BBB–has reported a complaint. Few people claim that AmeriDebt isn’t an honourable debt-counselling corporation. It has never landed in court with judgments against it.

Another one of the leading consumer debt management services is the Federal Credit Unions, which operates in a number of different states. The Unions will help consumers decide their needs for debt reduction and is a “Non-Profit United Way” credit agency that assists both families and individuals alike. United Way, according to many, is one of the most qualified expert organizations for helping families avoid bankruptcy, judgments, summons, and so forth. The company will help the families avoid foreclosures and repossessions by working closely with the creditors to combine all accumulated debts into one monthly instalment. 

The CCCS will also help families and individuals learn how to manage their income. The CCCS houses “Financial Counselling Certified” counsellors who work closely with families and individuals, helping them to divert a plan to lower their debts and increase their cash flow. In other words, instead of going through the changes that some debt consolidation companies go through, the CCCS works to help families and individuals to get out of debt on their own simply by counselling them. The credit company is associated with “Housing and Urban Development (HUD),” which works to get families homes and to then get them credit support.

Finally, a few organizations are also affiliated with religious organizations, and often these debt consolidation companies are affiliated with qualified companies that help families and individuals relieve debt. 

If you are looking to consolidate debts, you have a number of high-quality, professional options, so shop around and find the deal that is best for your specific needs.

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