How to Determine whether a Company is a Scam or Not

If you are totally drowned with credit card debt or any type of debt for that matter, then you should seek for help immediately. If your total accumulated debt is around $10,000 or more then you need to go to a debt settlement company.

Before you even proceed in acquiring the services of a certain company be sure you have done a thorough research regarding the company. This is to ensure that you are dealing with a legitimate company not a scammer.

Here are few things you need to put to mind before you even sign that paper:

1. TASC member

Make sure that the debt settlement company that you are going to hire is a member of TASC (The Association of Settlement Companies).This organization is sees to it that every debt settlement company who is a member thereof is fully accredited by them. Such accreditation will be based on customer satisfaction and performance.

2. Fee is based on performance

Another thing, make sure that the debt company will only collect a certain based on a certain percentage on the total debt that were eliminated through their negotiation with your creditors and not based on the total debt you have. If you come across with a debt company who collects an upfront fee, stay away from it. You are going to be ripped off and for sure it's a scam.

To sum up, a debt company is legitimate if it is a member of TASC and the fee is based on performance (a certain percentage is taken from the total debt eliminated through their negotiation).