Compare Debt Settlement Companies in Illinois

Date Posted: January 10, 2024
By: Maggie Marques

Here’s how to compare debt settlement companies in Illinois if you want to settle your debt. A few are in the market, but please know which company suits you best. To evaluate these debt settlement companies, here are some factors to consider:

How to compare debt settlement companies in Illinois

With all the debt settlement companies in Illinois, what should you do to help you decide which ones are worth considering?

  1. Reputation. It is always wise to ask around and read reviews. Former clients should be able to tell you what they experienced with the debt settlement company. Please always do your diligence and check the company’s track record to see how many clients are satisfied with their work.
  2. Fees and costs. The good news is that Illinois’s Debt Settlement Consumer Protection Act is fully enforced, limiting debt settlement companies to $50 when asking for upfront fees. This consumer protection act also ensures that the consumer is only charged a 15% settlement fee of the amount saved after settlement.
  3. Success rate.  Always entrust your business to people with a high success rate in settling debts. A higher success rate means they know how to do their business, and they do it well.
  4. Transparency.  Legitimate and reputable companies will not have second thoughts regarding dealing with their clients. They should be able to provide upfront information about their fees, services, and debt settlement process.  Protect yourself from possible scams; deal only with companies willing to help you make an informed decision by being transparent.
  5. Reliable customer service. Look for a company that assures you that they will be with you throughout the debt settlement process. Although this is challenging, choosing a company that offers exceptional customer service can be done.
Debt settlement  – make an informed decision.

You must ensure that you are armed with the abovementioned facts before committing to a debt settlement company.  Compare debt settlement companies in Illinois and explore all possible options for you. Debt settlement is only one of the few options to solve your financial difficulties. Let us know how we can help you.

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