It’s decision time. You analyzed everything about your finances and are leaning towards hiring a debt consolidation company to help you get back to being in the black instead of the red.
But you’re not really sure about your decision. You’re hesitant to pull the trigger because you are afraid of making the wrong choice.
This is only natural. Many of us have doubts about the choices we are contemplating going with. You wouldn’t be the first to experience this. And you certainly won’t be the last. So how can you be sure that goingwith companiesthat specialize in debt consolidation would be in your best interest?
There are two schools of thought on how to make the best choice. One tells you to trust your gut instincts. The other school of thought tells you to be more analytical. Which one should you follow?
How to Decide Whether to Go with Debt Consolidation
Your gut is pulling you in one direction and your analytical mind is pulling you in another. Where should you go?Which of those little voices inside of you should you follow?
The answer is somewhere in the middle. You should use both of these tools that we are all blessed with. For example, you should use your analytical mind to compare debt consolidation to your other options.
You need to measure the benefits and the downside to each option that’s available to you. That’s how smart, analytical people like engineers and scientists make decisions.
They look at what each solution has to offer and then make their decision based on their findings. In other words, they compare. And they compare rigorously. They rarely making an important choice on a whim. That’s what you should be doing also.
Does consolidating debt benefit you more than the other solution you can choose from? If the answer is yes, then you’re half way to making your decision. What’s the other half?
Your Gut Will Let You Know
Those really smart people we were just talking about rarely ever rely on their gut to come up with the right answer. Why should you?
Because if you decide to go with debt consolidation, eventually you’ll have to deal with people. You know, the representative from the company you’ll be using to consolidate.
Let’s say you have already done the technical comparisons like the smart people do. And your findings tell you that consolidating debt is indeed your best solution. Now you must find reputable companies.
And this is where your gut instincts come into play. You’ll need to decide if you’re signing up with a trustworthy firm and if the employee working for that firm is being honest with you.
You should still do your technical comparisons of each company you’re considering. See what their current and former customers have to say about them. But after that, all you have left is your gut feeling.
And if it doesn’t feel right to you, trust your instincts. Humans have used their instincts to survive since the beginning of time. And those instincts might be more important in today’s day and age.
Many scam artists have become good at hiding their lies and schemes. So a technical analyses and comparison might not work. You might have no choice but to rely on your gut feeling.
Our Honest Opinion on the Matter
For over half a century, individuals and even big corporations have gone down the debt consolidation path and they’ve made it work for them and their finances. There’s no reason why you or anyone else can’t do the same. If you research the company that you’re thinking about using, then you should be just fine.
But you’ll also need to know whether the employee from the company you’ll be working with is competent enough to guide you through the process without making a major mistake that can cost you serious money or put you in an even more precarious situation.
The only real way you have of knowing that is to use your gut feeling and instincts. Sure, a search online might yield some information about them, but that will be rare unless they are notorious for doing something really bad to their clients. So an online search should be where you start, but your gut will let you know whether to go all the way with the company and representative. Good luck.