Here's how to get help negotiating your credit card debt, according to an expert.
Tayne suggests finding someone who is well versed not only with creditors, but with tax and credit matters as well. They'll know the ins and outs of the process and have relationships in place already that you can benefit from.
"There are a lot of companies out there that claim they can help, but you want to be cautious about who you work with because there are many implications when resolving credit card debt," Tayne says. When researching the best debt professionals to go to, your first clue is to make sure it's a human on the other end of the phone associated with a real company address, not a PO Box. Check the company's website beforehand to look for their contact information where a physical address would be listed and feel free to call them yourself and confirm.
"It's easy to buy information about you and your debt, so it may look legitimate, but you'll need to do your due diligence," Tayne says. "Nothing should be full of pressure and nothing should have promises."
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