#95: Pros and cons to debt settlement companies

Join Josh and Emily to discuss debt settlement companies. What should you look for, what are pros/cons, what are red flags? Top takeaways: Some just do things that you could do yourself. Look for connections with other reputable organizations or certifications. Start by asking what the process will look like–and look for transparency. Consider starting with the bank directly before reaching out a debt settlement company–BUT be aware of potential minefields. If there is an attorney involved, you should not talk about any of the settlement etc. so you don’t break (have your client break) attorney-client privilege. Resources mentioned: Credit Counseling Services NEFE Want help building or growing a successful financial coaching business? Find resources below based on where you’re at in your journey: Deciding whether Financial Coaching is right for you? Join our free Facebook Community with over 5000 current and aspiring financial coaches! https://www.facebook.com/groups/financialcoachescommunity Already decided you’re going to be a Financial Coach and want to learn more? Get 30+ tips and best practices in our free 8-part email series! https://www.financialcoachesnetwork.com/pre-launch-email-series Ready to Launch your Financial Coaching business? Join FCN Launch, our step-by-step program that will help you successfully launch your business in four months and grow it to a consistent part-time income. https://www.financialcoachesnetwork.com/launch Looking for financial coaching software? Sign up for the interest list for FCN MoneyCoach, the premier cash flow analysis software for financial coaches and advisers. https://www.financialcoachesnetwork.com/money-coach Are you already coaching clients and want to grow your business to a full-time income? Join FCN Grow, our program that helps you scale your business to a full-time income. https://www.financialcoachesnetwork.com/grow