In recent months, we’ve seen many regulators and legal authorities in jurisdictions across the country signify official concern that an increasing number of companies which operate in the debt cures business today, are essentially debt relief scam operations that are out to cheat and dupe an overburdened debt-ridden population in a bad national economy. The most recent among those, is Attorney General Andrew Cuomo in New York, whose office had subpoenaed some 14 debt relief operations and one law firm in May 2009 from across the nation for investigations into their debt settlement operations.

You may notice, there are several processes that can be practiced in order to achieve a legitimate relief. Such as; self help relief, obtaining consolidation loans, achieving relief through settlement programs, or relief through credit counseling. Moreover, you may think bankruptcy is also a good way to get rid of your unsecured debt. Although at first it paves the way for the financial relief, later on you will ended up with more troubles. As a result, you will lose your opportunity to get loans thereafter. Hence, I personally do not recommend bankruptcy as a better way of achieving debt relief.

Debt consolidation is also a method some people practice. But this method does not suddenly remove your debts. Once the consolidation has been achieved, there is still debt to pay, but a lesser amount which can be easily managed as you have one monthly payment.

Self help relief is the way of solving your problems individually. This can be the first step you take to achieve the debt relief. This may lead to achieve relief in two different ways. First, making the decision on your own to deal with your own financial problems gives you some kind of relief. And once you put a plan to get away from your debt problems, it will again give you a measure of relief. However, if this method did not completely remove your debts, you better go for a more productive method like settlement.

If they want you to pay commission before providing services or do charge you for counseling be wary of them. You need to check them before you really enroll your debt case with them. You can verify the legitimacy of any fraudulent company by directly contacting credit bureau or Better Business Bureau.

Well, some of the detailed findings made by the comprehensive investigation conducted by the expert team of researchers commissioned by the organization, were quite startling.

Frank Miller has a Debt Consolidation Blog & Finance, these are some of the articles: Read On For Home Buying Tips You Should Know You have full permission to reprint this article provided this box is kept unchanged.