 TITLE: Debt Settlement vs. Debt Management Programs: What’s the Difference? CONTENT: How to Find Credible Debt Management Services\n---------------------------------------------\nIt can be difficult to sort out the scammers from legitimate companies.\n\"Consumers should always do their research ahead of time to protect themselves,\" says Katie Ross, education and development manager at American Consumer Credit Counseling. \"Before you commit to any debt management service, there are a few credentials you should ensure the company has.\"\nThings to look for in a credible agency:\n*   Nonprofit status is important when choosing a debt management service.\n*   Check that the company's credit counselors are certified.\n*   As a rule of thumb, the longer the company has been in business, the more likely it is to have reputable services.\n*   If the company you are considering is a member of a national accreditation association, such as the National Foundation for Credit Counseling, it is probably a credible company.\n*   The agency is licensed and bonded to do business in your state.\n*   The agency charges reasonable fees. Research several different agencies to get a general idea of pricing.\nThe bottom line: Be on the lookout for companies that try to make money off your debt by charging you fees without offering real help. Choose a company that understands your situation and will work with you to reduce your debt without tanking your credit scores or taking advantage of you financially. While debt can be stressful and difficult to deal with, you should make a well-informed decision before choosing a debt settlement company or a debt management program. END