Being in debt is no fun. In fact it is miserable. So awful that you want to get out of debt, don’t you? But how does one start the journey to a debt free life? You need to start by getting the best possible advice as a first step but it is not always easy to know who can give good advice.
The internet is filled with information about getting out of debt, making budgets, how to save money and so on. The problem with the internet is that whilst the majority of businesses marketing themselves on the internet are legitimate some are not. In the brick-and-mortar world in the high street we can easily see who is legitimate because of glitzy buildings and so on. This is simply not the case in the cyber-world.
There are plenty of websites offering paid-for advice on debt management so how do you spot if they are dodgy? Here is a list of things to look for:
Does the website show the following details:
- A link to their policy on how to complain if you have a problem
- A link which explains their fees clearly
- A link which states that any debt option you choose will affect your credit rating
- Links which offer debt charities as alternatives to their paid-for schemes
- Telephone numbers to call them on which are based within the United Kingdom
- An address to write to
- Details of membership with trade associations, for example DRF or DEMSA
- A link to “The Insolvency Service Debtor’s Guide”
If there is a telephone number on the website call it just to make sure someone answers. Take note of how professional the person answering sounds.
Once you have taken a few minutes to check out the website ask yourself if you would feel safe giving them money for their advice.
Remember that there are various charity organisations in the UK offering debt advice for free so why would you need to pay for it? Wouldn’t this be compounding your debt problems?
Here is a useful link for you to check out: http://www.debtwizard.com/ They are a fee-free debt help website.