With so many debt reduction plans available, how do you find the one company that will fit your needs? The obvious first step is to research several companies at once and make a list of the ones you like the best. Then you can call the BBB (Better Business Bureau) and ask if any of the companies on your list have ever had any bad reports from any of their customers.

You can ask family or friends for referrals. This does not mean you need to air your dirty laundry all over the countryside but if you know someone who has been in your situation then discreetly ask them to refer you to the same company that they hired to help them, if they had a favorable experience.

Even if you do get a referral, do your due diligence and get as much information about the company you have been referred to as you can then call them for a consultation or fill out the form on the website and they will get back to you when they can, usually in 24 hours or less.

Having too much debt can be overwhelming and scary. Not knowing if or when any of your creditors will file a lawsuit to try to get their money and knowing that even if they do you will not be able to pay the court costs and other possible fees associated with that whole process. You are doing all you can and the debt just keeps piling up.

Stop the stress, worry, and fear by hiring one of many debt reduction companies and tailoring one of their debt reduction plans to fit your needs. They can help by stopping most or maybe all of the calls from your creditors that you get every day that make you not want to even answer the phone.

Be aware that working with a debt reduction company to reduce your debt and get it paid off will take some time. It will not happen over night. You will have to make sure to make your monthly payment on time. The debt reduction company will deal with the creditors and arrange everything. They will work out a deal to lower the high interest rates of the loans and credit cards you have, stop the late charges and over the limit charges and in most cases you will only be required to make one low monthly payment to a third party escrow account that is FDIC insured.

You will still receive statements from the credit card and loan companies you have accounts with. Look these over every month and make sure the payments are being made and credited as they should be and if you see anything on your statement you think is wrong, call the debt reduction company and ask them to look into the problem and fix it.

Debt reduction plans can save you hundreds of dollars in interest and finance charges and not only decrease your payments but decrease the level of stress you are under as well.