What is a Licensed Debt Relief Agency?

A licensed debt relief agency is a company that specializes in helping individuals and families reduce or eliminate their debt. They are regulated by state and federal laws, ensuring that they operate with transparency and integrity.

Services Offered by Debt Relief Agencies

Debt relief agencies in New Rochelle typically offer a range of services:

• Debt Counseling: Helps to assess your financial situation.
• Debt Management Plans: Create a structured plan to pay off debt.
• Debt Settlement: Negotiates with creditors to reduce the amount owed.
• Bankruptcy Services: Assists in navigating the bankruptcy process if necessary.

Why Choose a Licensed Agency?

Choosing a licensed debt relief agency ensures that you are working with professionals who adhere to legal standards. This protects you from scams and unethical practices. Licensed agencies are also accountable for their actions, providing you with peace of mind.

The Benefits of Working with a New Rochelle Agency

Local agencies understand the specific financial landscape of New Rochelle and can provide personalized services tailored to your needs. Benefits include:

• Local support and accessibility.
• Knowledge of New York state laws related to debt relief.
• Building a trusting relationship with your counselor.