FAQs for consumers about debt management companies

If you're looking for help reducing or managing your debt – whether it's credit card debt, a mortgage, or a car loan – you may be considering a debt management company. These companies must be registered by the state of Oregon, and Oregon has many protections in place for consumers who use these services. Before you pay anyone to help you with your debt, it is important to:

• Check to see if the company is registered in Oregon.
• Know what services you are receiving and how much they cost. Be cautious of high fees.
• Understand your rights.

Below are frequently asked questions about debt management companies.