The most obvious thing that is understood from the demand for referral fee is that the debt settlement company is not going to do anything to settle your debts. Rather, it is only going to act as a messenger and is going to point you in the right direction. Most settlement companies that charge a referral fee often point to their expertise in understanding your finances and pointing you in the right direction.
Well, these service providers simply prepare a small form that requires you to submit your name, amount of debt and your state of residence. On the base of this information, you are referred to a debt settlement company. Well, do you think any specific expertise is being used to refer you to the right company? Of course not. It is obvious that the service provider is charging a lot of money for something that ought to be done for free.
So, how should you proceed? There are many persons who are of the opinion that this is yet another proof of debt settlement companies being fraudulent. However, the truth is that you should avoid dealing with such companies and deal only with free debt relief networks. The free networks will help you get in touch with reputed debt settlement companies at zero cost. Y
ou just have to get in touch with the right service provider and you would automatically have a list of reputed companies on your hand. Well, if they do not charge you, it is obvious that they will be charging the debt settlement company. This might raise question about the impartial approach of the debt relief network. Well, these services are available with no obligations attached.
Hence, you are completely free to choose the service provider recommended by the network or skip the same. Since the process of filling the online form and finalizing the deal takes not more than a few minutes, there is no harm in giving it a try. If you like the company you are referred to and if you are satisfied with its performance and credibility, you can proceed.
On the other hand, if you are unsatisfied, you can always skip and move on to some other network or company. The moment you proceed to pay for this service, you automatically suffer a financial loss especially when you are neck deep in debt trouble. Hence, it is advisable to avoid a debt settlement company that charges a fee for the service rendered.