Questions to Ask Before Settling on a Financial Settlement Company

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If you need debt settlement assistance but haven’t taken the first step, perhaps it’s because you’ve heard horror stories from friends who had a negative experience with the companies they hired. Debt settlement businesses need to deliver on their promises but you must also do your due diligence by knowing the right questions to ask before hiring a debt settlement company to help you.

New Era Debt Solutions reveals some of the most important questions you should get answered before getting started on your debt relief journey:

Will You Charge Me Before a Settlement is Reached?

What makes us stand out from many other debt settlement companies is that we do not charge any up-front fees. At New Era, we believe no debt settlement company should be able to charge you at all until your debt is settled. In fact, the Federal Trade Commission (FTC) made it law and as of October 27, 2010, fees can only be collected after a settlement has been made and a payment has been made.

What is Your Success Rate?

Before you hire someone to settle your unsecured debt, you’ll want to know how many success stories – or dropouts – that company has experienced. For us, our dropout percentage is roughly 18% – quite a low dropout rate! For those who have dropped out, sometimes life just happens. The biggest reason why these clients drop out is because their financial situation worsened and they were forced to file for bankruptcy. The reasons can vary, many of which are out of New Era’s and/or our clients’ control.

Will You Walk Me Through the Program from Beginning to End?

Some “debt settlement” companies you may be considering are actually sales groups who will sell or pass your account off to a different company to handle your settlement. Seek out a company like New Era; we promise to handle your debt settlement from start to finish.

How Long Can I Expect to Complete This Program?

Unlike most debt settlement programs that can take three to four years to complete, New Era clients on average take close to 28 months to finish their programs. The time you can save by enrolling in New Era’s debt settlement program gives you a peace of mind that much more quickly.

New Era Debt Solutions has settled a quarter of a billion dollars of debt since 1999 and wants you to be our next success story. If you need assistance achieving financial freedom, contact one of our friendly counselors at New Era Debt Solutions to learn more about finding the debt relief option that best fits your needs and budget. Our counselors are with you every step of the way.