Debt.com was established in 2013 as a resource for people who are in debt. Although the company does not directly offer debt consolidation services, Debt.com does help those struggling with debt to find companies to work with that might be able to provide relief. The platform allows users to quickly compare multiple companies against each other to find a good fit. Debt.com also offers a free consultation with certified counselors.
- Great resources
- One stop shop
- Great user reviews
We appreciate their dedicated effort to getting consumers up to par when it comes time to get those finances in order. For one thing, Debt.com offers a free consultation for customers to talk to someone about possible debt solutions. Free downloadable booklets are available providing proven step-by-step methods to solve the greatest of financial dilemmas to simple pros and cons of credit. For the financial news junkies out there, Debt.com has implemented a news source via post, as well as subscriptions to newsletters providing additional financial advice for free.
Whether it’s credit monitoring and credit card debt help, or tax debt and bankruptcy, Debt.com has created a one-stop source for consumers to find solutions to their personal debt dilemma. But it doesn’t simply stop at getting one out of debt, but also implements methods to getting into debt wisely – think mortgages and car loans. The company platform has been designed to get consumers from all walks of life connected to a trustworthy financial company able to set them on the path to financial independence.
Users have left favorable reviews for Debt.com for helping them to find a company to work with that was good for their unique circumstances.
- Middleman service
- Lacks accreditations
- No outline of risks
Debt.com is a middleman. They don’t offer any sort of debt consolidation services directly and so it’s impossible to say whether or not it’s a good idea to use them; it depends on which lender or company they refer you to. In all likelihood, the company earns money and remains in business by referring users to specific companies. It may be more beneficial for potential customers to work directly with a company than to use a middleman company like Debt.com.
There are no industry accreditations, these can be important. They can show a company’s commitment to the industry best practices and that they offer a certain level of quality in their services. Also, Debt.com has only been around since 2013, much less than most of the other companies in the industry.
No Outline of Risks
Many companies fail to outline the potential risks associated with consolidation and debt management plans. This company has also failed to inform their site visitors of the aftermath of consolidation. It’s important to weigh the pros and the cons. If consumers choose to enroll in a debt management plan with a consolidation company, it is important to stick with it from start to finish. Because negotiators work with creditors to reduce interest rates and waive over-limit and late fees. Canceling during the course of the program will greatly increase the chances for creditors to spike back up interest rates and tack on those over-limit and late fees negotiators worked so hard to get reduced and waived.
Debt.com will not charge any fees upfront for services, but once they pair you with the perfect company, you can expect your monthly price to be no more than $69.
Pricing depends on which company or service you are matched with through Debt.com’s company referral service. Once you are enrolled with a specific company, you can inquire about specific pricing options. Debt.com will not charge for getting you connected with other companies.
The up-front fee to get you started is $49. This helps them establish an account, process your information and gets you started on the path to financial freedom.
Yes. You can call the phone number provided to receive a free consultation. When you first call, you will be met with an options menu listing the various services offered. Once you select an option you will be directed to the appropriate company that Debt.com has selected. You can then work with this company directly to assess your eligibility.
Time in Business
8 years. Debt.com has been in business since June 11, 2007.
They have an excellent debt education offering. You can find many useful resources located on the Tools & Tips page of the company website, including the “Ask an Expert” feature that allows you to submit any kind of question related to financing. A finance expert will respond to your inquiry with professional advice tailored to your specific question. In addition, Debt.com provides members-only money management tools such as PowerWallet. This is an advanced tool used for safely managing all of your financial accounts in one place.
Like most consolidation (as opposed to some settlement settlement) companies, they do not offer any money-back guarantees or refunds.
Unsecured vs. Secured Loans
This company focuses on unsecured debt. They assist with credit card debt, student loans and debt resulting from unpaid taxes. The specific debt conditions depend on what type of service you are in need of.
They also offer a budgeting app for mobile phones. We love their tools offering. Their site is mobile responsive. The layout is well-designed to maintain its readability and aesthetic appeal even on small screens. All features on the Tools & Tips page function correctly and articles on the News page are easy to browse.
Situational. Generally speaking, debt consolidation and management companies do not penalize individuals for leaving a program early. However, this is determined by specific companies and not by Debt.com. When you receive your free consultation, you will be given a lot of information about your specific situation and debt in general. Ask them about the cancellation policy for your specific situation.
1830 N University Drive #342
Plantation, FL 33322
The purpose of Debt.com is to save you time and energy by helping you find the best company for your needs. Specifically, these companies are Consolidated Credit, Campus Debt Solutions, Credit Power (powered by Identity IQ), Tax Assistance Group, Law Solutions, New Day Credit and Start Fresh Today. You will be matched with one of these companies based on your particular debt situation. If you are seeking debt consolidation in particular, you might be interested in either the credit card or student loan debt help services. There are also services designed to help you deal with unpaid IRS and state taxes.
Minimum Debt Accepted
None. Anywhere from $1,000 to more than $100,000.
Debt.com does not offer an online dashboard, as it is a financial advice company. For actual debt settlement services, customers are referred to one of their partners.
No, Debt.com is not CPFC certified.
No, Debt.com is not ISO certified; all debt settlement is handled by their partners.
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