Joining a debt group is a big step in getting your finances under control. Not only will it prevent you from filing bankruptcy but also, it will allow you to pay off your debts that will keep the creditors from calling. Most groups have a minimum debt that you can have. You are also going to need several things before going to see someone.
Get all of your bills that you would like for them to consider. Past due phone bills, medical bills, car paperwork, apartment eviction paperwork, loans, and past due credit card bills are just a few examples of what you might want them to consider. Sit down and figure out how much debt you have, as you will need to be very clear about the amount of your current debt. Make sure that you have your bills with you at the time of the call. They are going to ask for your account numbers on each one of your past due bills so that they make sure that they have the right person paying back the debt.
After you have gotten all of that information together, start doing some research on debt groups in your area. Groups which are actually located in your area are more convenient for you, and you will feel safer when giving out your personal information. Once you start your research, make sure that you check with the Better Business Bureau (BBB) and Rip-off Report. Checking with these companies will let you know if the group which interests you has any complaints and allow you to see what type of record they have working with other people’s debts. Check the debt group's website if they have one. Most of the time, the questions that you have can be answered on their website and by verifying their status with the BBB.
Once you have found the group with which you'd like to work, give them a call and find out if your debt meets their minimum requirements. Also, find out if they help with a budget and whether there any fees associated with joining the group. Most are nonprofit but some will charge a fee to join. Make an appointment to meet with the debt group. Ask them what paperwork you are going to need.
Make sure that you have all of the paperwork that you are going to need when you go in for your appointment.
The process of paying back your debt should be one that is going to allow you to pay it back and still be able to live in reasonable comfort.