Best Debt Companys

162 Companies 2,937 Real Customer Reviews

Debt Consolidation Made Simple.

Ranked by experts. Reviewed by customers.TM

2017 TOP RECOMMENDED
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#1
Consolidated Credit Reviews
Consolidation
Management
Call Now!
  • No credit score requirement
  • Cancel anytime with no fees
  • Great for credit card debt
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Our Score
9.3
User Score
9.5
#2
accredited_debt_relief-1
Consolidation
Management
Call Now!
  • Plans from $10/month
  • No credit score required
  • Free consultation & credit counseling
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Our Score
9.1
User Score
9.6
#3
DebtWave Credit Counseling Reviews
Consolidation
Management
Call Now!
  • Affordable monthly fees
  • Free consultation & credit counseling
  • Not available in all 50 states
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Our Score
8.0
User Score
9.7

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
10.0
#24
CreditGuard of America Reviews
Consolidation
Management
  • Monthly Fee: Undisclosed
  • Enrollment Fee: Undisclosed
  • Offers Credit Counseling
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Our Score
2.5
User Score
1.8
#26
Trinity
Consolidation
Management
  • Monthly Fee: Undisclosed
  • Enrollment Fee: Undisclosed
  • Offers Credit Counseling
Read Reviews >>
Our Score
1.9
User Score
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Most Recent User Review: Consolidated Credit
  1. User Score
    0
    Shona
    October 17th, 2017 at 12:03 pm
    0 people found this review helpful!
    I spoke to a CSR named Anthony that was anything and everything except helpful! When you’re in a financial bind and looking for help and answers, the LAST thing you need is someone judging and talking down to you. He not only was rude and condescending but he spoke to me like he was reprimanding a child. I’d file bankruptcy before I’d use this company based on this one csr!

    Read More Consolidated Credit 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.