Since there are literally thousands of these debt management companies out there, how does one go about choosing right one? In addition to using a non-profit agency, check factors like company’s Better Business Bureau report, are they accredited by a nationally recognized certifying agency such as ISO or COA, are their counselors certified as well, how long have they been in business and word of mouth recommendations. Another consideration is whether to use one of local community funded agencies or a private one. Although local agencies have advantage of being able to meet you face to face, due to limited budgets they can lack expertise of private companies as they are often staffed predominately by volunteers and don’t offer array of modern on-line and technological services which today’s consumers deserve and most large creditors demand in order to extend debtor their most favorable terms. Moreover, many locals encumber their clients with restrictive guidelines, going as far as limiting number of haircuts you can get or movies you can view.

If you have reached point where you are transferring balances just to keep afloat, making minimum payments and getting nowhere or getting harassed by creditors and view bankruptcy or settlements with your creditors as both far too damaging and morally unacceptable, you may want to consider contacting a reputable credit counseling/debt management organization. A good starting place besides BBB, would be one of debt management organizations that belong to American Association of Debt Management Organizations (AADMO). Most of all, don’t despair! Help is out there, just do your homework and choose wisely. With right agency to guide you combined with a true commitment to getting out of debt once and for all, there is indeed light at end of tunnel.

Savings and Loan

Half of mortgage loans in United States are made by local savings and loans. If you belong to one, be sure to check their rates—they’re likely very good.

Government Loans

A lot of people falsely believe that government is in business of making mortgage loans—they’re not. But they do “back” certain loans, which make lenders more apt to extend them. For best information on government backed loans, talk to your local banker.

There are also many mortgage companies online that can help you find direct mortgage lenders and home loan brokers that will best suit your needs. This is a quick way to find a good mortgage loan and compare rates and offers from multiple lenders. When lenders compete for your business, it works to your advantage. To view our list of these recommended online mortgage companies, visit this page: Recommended Online Home Mortgage Lenders.