Tuesday, March 24, 2009

Debt settlement services outside USA and UK

Inspite of the Lehman brothers’ collapse in the united states, maximum of the management graduates from countries like India, China and few other Eastern nations are getting placements in the banking and financial sector and surprisingly the sector is offering handsome salary packages. Leading organizations like Citibank,, HSBC etc absorbed 15% of the total two months internship students in India. The highest package offered was around $1000 per month. As a result countries like USA and UK are planning to outsource their service and entering these markets to save money. But it is still a question that whether these countries will be able to cope up with the new areas of work outsourced from the western countries. One such area is the area of Debt consolidation and credit repair services. These services are common in US and UK but quite new to India. But recently I have found that a company in India is doing the job. They even have their debt consolidation and credit repair websites and people are thinking that they are based in USA only. One such website is debtconsolidationcare (dot) com .But debt consolidation or credit repair service is a serious issue. People in the eastern nations may not follow the standards maintained in the west as they are unaware of the needs and western condition. In my previous post I discussed on how to judge the authenticity of credit repair agencies. So it is another factor which you must take into account while opting for a credit repair or debt settlement agency. See whether the company is based in your country or outsourced. During this recession only careful decision can actually take you out of financial hurdles.

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