Typing the keywords “debt settlement firm,” or, “debt settlement lawyer,” or simply, “debt settlement” into an Internet search engine will provide you with more websites than you could possibly peruse. There are thousands, upon thousands, of companies and firms out there offering to solve your debt problems. And because the industry is unregulated, there is no simple way to determine if a company is credible or not. So how do you sift through them all to find the one that is right for you?

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Naturally, there is no easy answer, but there are a few key things to look for to sort out the reputable firms and companies from the scams.

For example, check if the company you are considering is a member of the Better Business Bureau (BBB) and the chamber of commerce. Often if the company or firm is a member of these, it will advertise it on its website, flyers, or in its office.

Along the same line, check how long the debt settlement company or firm has been in business. The longer it’s been around, the more experience it has, the stronger its relationships are with the creditors and banks you owe money to, and the more credible it is.

Also, make sure the plan they offer you will have you paying off your debt within two years. A longer time period means you will be paying more in interest, and you are much more likely to be sued by creditors.

Make sure the company or firm has a thorough understanding of your debt situation before they approve you because not all types of debt can be settled or negotiated.

Finally, make sure that it is easy to get a hold of your company or firm. If communication is difficult in the early stages of setting up a debt settlement, imagine how stressful that could become if problems arise!

Honest, reliable, and hardworking firms and companies are out there, just remember it might take some research to find them.