Debt consolidation companies in Las Vegas |
By David Pilley on August 4, 2011
.jpg.aspx) The Better Business Bureau can be a wonderful resource to use for research on business and their services. If you are looking for something, like debt consolidation, the BBB’s website has a database of companies in your local area. One of the recent topics I looked up was “debt consolidation in Las Vegas,” and the BBB’s website came up with four different businesses in the metropolitan area that offer debt consolidation services.
Unfortunately, the BBB was unable to supply a lot of information for consumers because the four companies are not accredited with the Better Business Bureau. Decca Law Group is a firm based in Las Vegas. There are also two National Choice Credit Solutions based in the city. Finally, there is a company called LandAmerica Transnation, located in nearby Bullhead City, AZ. The BBB’s website listed phone numbers and a website for Decca Law and National Choice Credit, but only a phone number was supplied for LandAmerica Transnation.
When faced with a lack of information for debt consolidation companies, there are a few questions you can ask. First, you can contact your state attorney general to see if debt consolidation and debt management businesses in your state require a license. You can then contact the licensing agency to confirm the company’s license. Next, you will want to know if the company is a federally approved non-profit organization. You can ask for proof by asking if the business can supply a copy of an IRS approval of nonprofit status letter.
Whether you’re looking just for credit counseling or you are looking to consolidate your debts is also important. The company must supply a list of offered services. It helps if the company has a website, and it’s even better if the company gives a background about its employees. You should also ask about how the company will keep your personal information private. It’s a big plus if the company offers you information about important legislature, such as the Truth-in-Lending Act, the Fair Credit Reporting Act, and the Fair Debt Collection Practices Act.
Finally, you want a copy of the final product. You will want to ask for a copy of the contract, and it should clearly outline your repayment plan, the interest rate, the date each payment is due, and penalties if payments are late. The Better Business Bureau is a nice place to start looking for a list of names that could help with your debt management and/or debt consolidation issues. If names are all you get, you can keep this list of questions in mind to get the right information.
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