Shopping for Debt Relief:

KEY QUESTIONS TO ASK

Tired of false promises and deceptive loan offers? You're not alone. Many face the same frustrations when seeking debt solutions. To avoid disappointment and find genuine relief, it's crucial to ask the right questions.

1. Do You Charge Fees Before Settlement?

No reputable debt settlement company should charge fees upfront. It's illegal. At Best Debt Reviews, we adhere to the law and only collect fees after a settlement has been made and approved.

2. Are You an Attorney-Based Debt Settlement Company?

Attorney-based companies may sound reassuring, but they often cost more and take longer to settle debts, causing years of headache with little to no results.

3. Who Will Work with Me on Settling My Debt?

We treat our clients like family! You will have a dedicated team member handling your case, not just sales reps passing you around. At BDR, our in-house specialists are committed to your success.

4. How Long Have You Been in the Debt Settlement Business and How Much Debt Have You Settled?

Experience matters. With our partner having an A+ rating with Better Business Bureau (BBB), we at Best Debt Reviews are proud to share that our partner has relieved over $2 billion worth of debt.

5. How Do I Know You’re Telling the Truth About What You Can Do for Me?

We pride ourselves on being upfront and honest. No shady "loan offers" turned debt settlement over here. Transparency is key. We provide full disclosure of our success rates, giving you peace of mind.

6. Can You Stop My Creditors from Calling Me?

While we can't stop all calls, we'll work to minimize creditor contact on your behalf.

7. Will You Be Making Monthly Payments to My Creditors?

Debt settlement companies don't make monthly payments to creditors. If a company claims otherwise, beware.

8. Can I Get Sued?

Yes, it's a possibility, but we'll continue negotiating even if a lawsuit arises.

9. Will This Have a Negative Effect on My Credit Report?

Yes, but our goal is to settle your debt quickly so you can rebuild your credit.

10. When Can I Expect My First Settlement?

You should see your first settlement within the first 3-6 months. However, we are proud to say that 25% of our clients see their first settlement within 30 days.

11. Can You Tell Me Exactly How Long This Will Take and Exactly How Much It Will Cost?

Debt settlement isn't an exact science, but we provide estimates based on our company's averages.

12. Are There Tax Consequences I Should Be Made Aware Of?

Yes, forgiven debt may be taxable, and we'll explain any potential tax implications.

13. Who Is Holding My Money While I’m Waiting on a Settlement?

Your funds will be held in an FDIC-insured trust account. Be wary of companies asking you to save or send funds to them directly.

As you shop for debt relief, keep these questions in mind. Your financial future is too important to leave to chance.

Have more questions?

Ready to speak with a debt consultant from the Best Debt Reviews team?

Click the button below:

Give us a call

Best Debt Reviews or BDR provides debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 45%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 14%-29% of your enrolled debt. Programs range from 24-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 3-6 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Best Debt Reviews or BDR conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, does not report against your score and will only take a few minutes.

Shopping for Debt Relief:

KEY QUESTIONS TO ASK

Have more questions?

This website uses cookies.