Consumer Credit Counseling is the best way for the Consumers who are deep down with debts and are planning to file for Bankruptcy, this is what is the general opinion of the critics of Debt Settlement.These critics do portray Debt Settlement Companies as Scam artists.The crux of the matter is not only Debt Settlement is legal but also its nowhere a fraudulent program.

Lets be clear and face facts- some who offer debt settlement are scam artists. The same can be said of all companies in all industries. Recently the owner of an major SEC-approved investment firm was found guilty of swindling $50 BILLION from investors for example, the biggest scam in American history. Even priests, teachers, and politicians have been arrested recently in America.

Research the company before signing up. What is their track record online? What is their BBB record? Do they answer your questions completely as possible? Are you able to reach them consistently by telephone or email? Do they have a physical address? Once you sign up do you see things happening on your account? Are your settlement funds held in your name or the company's name? Asking these types of questions will be able to help prevent being duped.

A few other details will help insure this is the best program for you. Read the contract in detail. Ask questions to clarify the provisions. Go through the financials in detail, it should be known that every dollar you pay actually goes towards what. Some company's claim to use an attorney model but what is actually gained from this model with the exception of higher fees? Compare the models of various companies to see which has the most service for the most reasonable fee. See if the fees are negotiable.

Consumer credit counseling is often no more ideal than debt settlement. Settlement programs are notorious for a industry average of around 70% success rate, that is only about 70% of those who sign up successfully get through the program. However, consumer credit counseling success rates are around 30%! Consumer Credit Programs are made by the creditors themselves and its terms are obviously favoring them. Get a quote for consumer credit counseling and compare it to a quote for debt settlement.

Lastly, be sure to know what debt settlement is and what it isn't. It isn't an ideal cure-all, nothing is. It has its downsides. Consumer should go ahead and try to gather whatever information they require about the Company and from the Company. Look at other options as well, and compare the pros and cons of each before making your decision. An ounce of prevention is worth a pound of cure.

Individuals who are financially struggling and need an assistance should find out about the various programs before getting into the right program so as to ensure that they don't make their financial position worse.