Objectivity Is Difficult to Find in Debt Relief Advice


If you are reading this article, it's probably because you already decided that it's time to do something about your debt problem. In that event, it's safe to assume that this is not the first thing you're reading about the subject. In fact, it's likely you've already both done a fair amount of research and heard your fair share of sales pitches. What's important to keep in mind when going through this process, is that it's often impossible to tell the difference between objective advice and a sales ploy.

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In virtually all situations when you're soliciting information on debt relief, the source is likely to exhibit at least some bias. This is true whether you're consulting a bankruptcy attorney or discussing a program with a sales person. This is why many consumers turn to non-profit debt relief organizations; but just because a company doesn't earn a profit doesn't mean that it's advice is entirely objective. For example, a non-profit service is usually at least partly funded by government stipends; but in order to qualify for these grants, a set number of clients need to be enrolled in their programs. Pressure to meet quotas like these is prone to skew objectivity.

A bankruptcy lawyer might need the business just as bad as the salesman wants his commission check; there's no way to be certain that the person you're dealing with has no ulterior motive. However, there is one way to ensure that you're not led astray by unobjective sources. The key is diversification in research. In other words, don't act on the advice of just one person. Even if you're certain you want to avoid bankruptcy, talk to a bankruptcy lawyer and discuss the other debt relief options you've been considering (most lawyers offer free consultations so it won't cost you a dime). Then talk to a variety of debt relief companies. See what each has to say about how you fit into their respective programs. After you've made your rounds, you can analyze what each business proposed. By identifying the points of common ground, you should get a pretty good idea of which advice was valid, and which may have been misleading.

Although true objectivity may rarely be stumbled upon in your search for debt relief, that doesn't mean you can't trust anyone. In many cases, the people trying to help you are not even consciously aware that their advice is biased. Mistrust is not the key here; rather, it's about being aware. Through awareness, you can more accurately assess the debt relief advice that has been handed to you -- and you will substantially increase your odds of finding the best debt relief program for you.


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