Using the BBB to Your Advantage

How to ensure the financial services that you use are really reputable.

What’s the quickest way to make a bad financial situation even worse?  Easy – just skip the due diligence of using the Better Business Bureau to vet the financial service providers you want to use. After all, without the BBB, you’re essentially rolling the dice on getting swindled every time you use a new service provider.

It may seem like no-brainer, but often as consumers we’re in a rush to get the help we need NOW. As a result, we push through the selection process and choose service providers quickly in order to find relief sooner rather than later. However, this leaves a lot of room for fraudsters to sneak in and take advantage.

Rushing through the service provider selection process may explain why mortgage and debt management scams are consistently along the FTC’s Top 20 most common complaints received. In 2014 alone, over 12,000 consumers wound up dealing with service and fraud complaints on top of their debt problems.

So how do you avoid getting taken advantage of?

Consolidated Credit sat down to talk to Brodie White, the former President of the South Florida Better Business Bureau to get his take how consumers can use Better Business Bureau ratings and company pages to evaluate reputable credit counseling services. Here’s what he had to say:

For more information on how to avoid debt relief scams, Consolidated Credit offers five tips to help you find a reputable service provider. Additionally, if you’re looking for BBB-accredited credit counseling services, please visit Consolidated Credit’s Better Business Bureau page to see how we rate.