Best Debt Companys

162 Companies 3,065 Real Customer Reviews

Debt Consolidation Made Simple.

Ranked by experts. Reviewed by customers.TM

2018 TOP RECOMMENDED
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#1
Consolidated Credit Reviews
Consolidation
Management
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    Consolidated Credit has helped over five million people negotiate their debt and become debt free. Customers usually pay 30 to 50 percent less than their current monthly payments. Though the company does not display its interest rates online, it is more transparent than most in the debt management industry and will offer low-interest rates. It does have a slightly higher upfront fee, but almost everyone who leaves a review of their experience with Consolidated Credit is overly appreciative of the courteous and knowledgeable credit counselors. Consolidated Credit is a national debt relief option because it is available in all 50 states.
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Our Score
9.3
User Score
9.5

#1 Consolidated Credit

Consolidation
Management
    Consolidated Credit has helped over five million people negotiate their debt and become debt free. Customers usually pay 30 to 50 percent less than their current monthly payments. Though the company does not display its interest rates online, it is more transparent than most in the debt management industry and will offer low-interest rates. It does have a slightly higher upfront fee, but almost everyone who leaves a review of their experience with Consolidated Credit is overly appreciative of the courteous and knowledgeable credit counselors. Consolidated Credit is a national debt relief option because it is available in all 50 states.
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#2
Consolidation
Management
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  • Plans from $10/month
  • No credit score required
  • Free consultation & credit counseling
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Our Score
9.1
User Score
9.6

#2 Accredited Debt Consolidation

Consolidation
Management
  • Plans from $10/month
  • No credit score required
  • Free consultation & credit counseling
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#3
DebtWave Credit Counseling Reviews
Consolidation
Management
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    DebtWave Credit Counseling specializes in consolidating credit card debt at lower interest rates with the help of certified debt counselors for a reasonable monthly fee. Interest rates and monthly payments are low, allowing customers to save on their debt. DebtWave has an impressive list of positive reviews and incredibly loyal consumers. The company is not licensed to operate in CO, KS, MD, or NY and has limited customer service hours, which may be an issue for some customers. DebtWave Credit Counseling has been in business since 2001 and has helped over 13,000 people become debt free.
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Our Score
8.1
User Score
9.7

#3 DebtWave Credit Counseling

Consolidation
Management
    DebtWave Credit Counseling specializes in consolidating credit card debt at lower interest rates with the help of certified debt counselors for a reasonable monthly fee. Interest rates and monthly payments are low, allowing customers to save on their debt. DebtWave has an impressive list of positive reviews and incredibly loyal consumers. The company is not licensed to operate in CO, KS, MD, or NY and has limited customer service hours, which may be an issue for some customers. DebtWave Credit Counseling has been in business since 2001 and has helped over 13,000 people become debt free.
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Most Searched: Last 30 Days

#5
incharge_debt_solutions_review
Consolidation
Management
  • Monthly Fee: Up to $75
  • Up-front Fee: Up to $50
  • Offers Credit Counseling
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Our Score
6.2
User Score
9.8

#5 InCharge Debt Solutions

Consolidation
Management
  • Monthly Fee: Up to $75
  • Up-front Fee: Up to $50
  • Offers Credit Counseling
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#22
CreditGuard of America Reviews
Consolidation
Management
  • Monthly Fee: Undisclosed
  • Enrollment Fee: Undisclosed
  • Offers Credit Counseling
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Our Score
2.9
User Score
1.6

#22 CreditGuard of America

Consolidation
Management
  • Monthly Fee: Undisclosed
  • Enrollment Fee: Undisclosed
  • Offers Credit Counseling
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#27
Trinity
Consolidation
Management
  • Monthly Fee: Undisclosed
  • Enrollment Fee: Undisclosed
  • Offers Credit Counseling
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Our Score
1.9
User Score
--

#27 Trinity Debt Management

Consolidation
Management
  • Monthly Fee: Undisclosed
  • Enrollment Fee: Undisclosed
  • Offers Credit Counseling
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Most Recent User Review: Christian Debt Counselors
  1. User Score
    8
    Gerald Lamirand
    February 15th, 2018 at 4:49 am
    0 people found this review helpful!
    We have finished this program and are basically pleased with the service. Our misgivings are:

    1. High fees. May be in line with other companies, but these high fees makes it take longer to get out of debt and we consider them to be a hardship.
    2. Change in personnel. Over the term of our program, we have had to deal with several people. Confusing, at best. The last representative left a lot to be desired.
    3. Frustrating at the end. Toward the end of the program, the company became assertive with us about settling our last debt. They began to ask for more money and had to extend our program by several months to supposedly cover the cost. This is after they asked for an additional 60 per month at the beginning of the program for this same creditor. Not only that, but two creditors with large balances forgave our entire debt and they still asked for more money at the end. Finally, they wanted a creditor’s entry on our credit report. We explained several times that there was nothing on our credit report from this creditor. They asked for permission to run it themselves and found out we were correct. For these reasons, we canceled the program early and will settle our last debt directly with the creditor. It will cost us a little more money and time, but will be worth it due to the level of frustration we are experiencing with this.

    Read More Christian Debt Counselors Reviews

  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.
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Real Reviews (yes they’re real)
With so many debt relief companies out there, and a lack of sites willing to bring you the HONEST breakdowns of each company, what source can you turn to for the real information you can trust?

We are dedicated to bringing the truth out, and rank debt relief companies as they should be. Through our investigation, and experience with each company, we rank each company, and bring you our honest, unbiased opinion. We also include authentic user reviews by past customers of each company that are moderated and verified.

Like many sites, we are compensated through affiliate relationships with each company we review, however all of our rankings are based on our 11-Point Ranking Criteria.

All reviews are subject to moderation and approval. Any reviews that may resemble false information, or competitors of another company will need to be verified by our staff before being approved and published. We reserve the right to approve or deny any reviews left on this site.

Debt Consolidation 10-Point Ranking Criteria

We evaluate each debt company we review on a strict, unbiased 10-point ranking system. Experience has shown that this is an effective way of determining a company’s ability to serve customers. Below is an outline and explanation of why each criteria point is important.

Accreditations: 10% of Overall Score

In multiple survey’s we have conducted, a company’s accreditations are consistently important to consumers. In the debt consolidation industry, we believe it is important for companies to have the following:

Interest Rates: 9% of Overall Score

Many companies claim to lower interest rates for customers when they consolidate their loans. However, customers won’t know how much they are actually lower their interest rates until they fully examined their case. We look at companies and see how they are able to achieve lower interest rates for their customers.

Monthly Fees: 8% of Overall Score

The obvious reason people go into debt in the first place is because they spend too much money that they don’t have. The last thing they should be doing is paying a bunch more money to try and get out of debt. A debt relief company that won’t charge customers too much is one that we feel good about recommending. While a great company does a lot of work for their customers, they also won’t charge more than they need to for services performed.

Account Management: 8% of Overall Score

If you have no idea where to start on your debt relief journey, then you’re not alone. Many people have no idea where to start. A great company will provide the following benefits:

  • Credit Counseling
  • No Cancellation Fee
  • Free Consultation

The more a company is willing to provide upfront, the better.

State Availbility: 6% of Overall Score

We reward companies that extend their services to more people. One of the easiest ways to do this is offer consolidation programs in all U.S. states. Debt Consolidation companies are judged based on the number of states they opperate out of.

Up-Front Fees: 5% of Overall Score

Up-front fees can be an unnecessary added burden to individuals that are trying to get out of debt. Some companies may find it hard to avoid upfront fees, considering the amount of work that goes into service in the beginning. Companies that charge up-front aren’t necessarily bad, but it’s always a promising sign when a company can charge little or nothing when they first get started.

Time in Business: 6% of Overall Score

Experience in the industry and multiple surveys have taught us that people trust companies that have been in business for longer than a year or two. This isn’t the only determining factor in trust, but it is an important one. A company that has been around for a while shows that they have been able to weather storms that have come their way and that it is very likely that they will be around to serve customers for years to come.

BBB Score: 3% of Overall Score

Many companies and individuals have mixed feelings about the Better Business Bureau and in a number of cases these feelings are justified. Some ratings seem a bit odd and unfounded. However, we feel that overall a BBB rating is a great starting point for people when trying to determine the trustworthiness and viability of a business. These ratings can provide excellent insight into how a business deals with consumers and the efforts they make to insure that both past and current customers are happy.

User Reviews: 25% of Overall Score

We want to make sure that customers have a say in our rankings. They’ve had real world experiences with these business and we think it’s very important that they have the ability to tell other people about it. If you’ve had an experience with any of the companies we’ve reviewed, let us know in the comments section on their review page.

Expert Review: 20% of Overall Score

Along with the criteria points above and the user reviews, we take into account various other factors that help to determine the viability, longevity and trustworthiness of businesses that we rank and review on our site. Company size, company leaders, transparency and more play a part in our expert review criteria.