The American economy is facing the worst ever financial crisis. Most of the citizens are under debt. The government and financial institutions are trying their best to settle the debt of the customers. The role of company is very crucial in such scenario. The customers who are looking for the debt settlement company must keep the following while choosing the right kind of Settlement Company. Top 5 Parameters for selecting a best debt settlement company: 1. Settlement companies should be chosen with great care as they are handling the financial s of the customer. The first thing to keep in kind mind is the fact that Settlement Company should have trained counselors and staff to attend and address the customer’s issues. The customer should be able to access his account at any time and there should be a trained professional to assist him at any time of the day. 2. The company should have a proven track record on negotiation. To check this up the customer must make shop around and do referral checks. 3. The company should believe in fair trade practice so check with BBB regarding any customer complaints. 4. The customer must check on the fee charged if there is a front load fee charged by the company. Avoid companies with a front load fee and look for a company which suits your pocket. 5. The company should have a methodology of refund if the customer does not want to continue with the settlement process. Keeping these factors in mind the customer will definitely have more chances of getting a good settlement company to settle his debts. If you want to get out of debt and hire a debt settlement company for debt negotiation then I have an important piece of advice. Do not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company. This is the most efficient way in finding the best debt settlement companies and increasing your chances of eliminating your debt.