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“There are hundreds of companies out there that claim to be able to help you settle your debt, but how do you know if they are reliable, reputable, and honest? Will they actually be able to save you money or simply charge a fee to do what you could handle on your own?” Tens of thousands of Americans are looking to credit card debt relief companies right now because of the economic downturn. Credit card debt settlement companies can offer real solutions to debt problems and give you the peace of mind regarding your family’s financial situation. With all of these companies advertising online, what do you need to look out for when choosing a credit card debt relief company and what is and isn’t possible to achieve?

Number One - Types of debt:

Debt relief companies work best when you have credit card debt and unsecured loans to consolidate. Car, home, and school loans will most likely not be included in your consolidation.

Number Two - Type of Situation:

Debt consolidation is not intended to be used under all circumstances. If your balances are under $5000, these programs will not be able to significantly reduce the amount of debt for the investment.

Number Three - Percentage reduce:

You should be aware that the average reduction for credit card debt and unsecured loans will range between 50-60% based on a number of factors. Where you live, what the purchases where, how delinquent the debts are, and your current financial position will impact the settlements. However, I have seen debts settled for as little as $.11 on the dollar for credit cards. You should expect to pay your creditors something, but the balance would most likely be 50% to 35% of the total owed currently.

Number Four - Level of service and commitment to excellence:

After talking to people who have gone through debt consolidation and settlement, there have been instances where the process actually caused more harm then good. Some actually being forced into bankruptcy, which obviously is the situation you are trying to avoid.

CreditCardDebtReliefGuide.com has evaluated seventeen debt relief companies and come up with a list of criteria to consider before making a decision:

• Organized processes and respectable national standing
• Guarantee in writing
• Affordability for normal people
• Secure website
• Over 60% average debt reduction
• Has a history of working with 99% of creditors, even tough negotiators like Wacovia
• Reduction of millions of dollars of consumer and small business debt
• Fast and responsive debt settlement completion times.
• Protects your current credit score
• Member of the Chamber of Commerce in good standing.
• Member of TASC - The Association Of Settlement Companies.
• Member of IAPDA - International Association of Professional Debt Arbitrators.
• Customer satisfaction response times.
• You get to speak with your debt negotiator whenever you want.
• Flexible program based on what you have available on a monthly basis.

After extensive research into the seventeen companies I’ll give you my top recommendation for the best debt relief providers that have scored above and beyond based on the above criteria.

Knowledge is potential power, put your knowledge to it’s best possible use and take action to reduce your debt, and start living a better life today!