How do I Choose a Settlement Provider?

Selecting the right provider is a critical component to your success in becoming debt-free through a Settlement Plan. Beware of settlement providers who are less than reputable — many firms do not base payments on your budget, and may not offer legal assistance to help eliminate collection activities and expedite settlements.

We recommend a settlement plan through a law firm as the most effective way to help you pay off your debts and provide you with the legal support that may be necessary.

What To Look For In A Settlement Provider

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  • Solid record with the Better Business Bureau (BBB)
  • In business long enough to have built a solid reputation
  • Offered by a national law firm with attorneys licensed in your state
  • Electronic payment processing to ensure consistency
  • Existing relationships with most creditors and collection agencies
  • Support network to connect with other community members and find out how they are handling the day-to-day challenges of being in debt
  • Reasonable fee structure – ask the amount of fees and how they are paid (many settlement firms try to hide their excessive fees)
  • Full disclosure of how settlement works, fees involved, likely impacts to credit profile, and the projected time to complete the program
  • Robust educational resources to help you build your money management skills

Review the Settlement Provider Checklist

Use our Settlement Provider Checklist to compare the CareOneSM service with other services.

Settlement Provider Checklist