The Best Business Debt Management Companies

Sunday, October 6th

2024 Business Debt Management Company Reviews

PCS Debt Relief

• Free initial consultation
• Multi-faceted business debt management strategies
• Total transparency
• Fees disclosed upfront, no monthly charges or cancellation fees
• Will refer to other partners when needed
• In business for over 30 years
• "A+” rated and accredited by the BBB

If you're on the hunt for debt management solutions that are straightforward, transparent in terms of costs, and backed by a solid track record of success with businesses like yours, the first name that should come to your mind is PCS Debt Relief.

Many types of debt management on offer

PCS Debt Relief offers a comprehensive suite of services to assist you with various aspects of managing your business debt:

• Business Debt Negotiating: Engage in negotiations with your creditors to arrive at favorable terms.
• Vendor Debt Management: Address outstanding debts with your vendors in a structured manner.
• Business Credit Repair: Work towards repairing and improving your business credit score.
• Commercial Lease & Purchase Assistance: Navigate the complexities of commercial leases and purchases related to your business.
• Business Debt Restructuring and Settlement: Strategically restructure and settle your business debts for optimal outcomes.
• Business Alternatives to Bankruptcy: Explore viable alternatives to bankruptcy tailored to your specific situation.

Services tailored to your business

How do you get started? You can initiate your journey with PCS Debt Relief by either filling out their brief online form, where you provide essential details like your name, email address, phone number, debt amount, and how you heard about them. Alternatively, you can directly call their toll-free number. In either case, you'll be connected with a dedicated debt analyst who will diligently assess your business's financial landscape and recommend a debt resolution program tailored to your unique circumstances. Once you decide to engage PCS Debt Relief for your business debt management needs, their representatives will negotiate with your creditors and help you chart a course towards debt freedom.

Extremely transparent throughout the process

A standout feature of PCS Debt Relief is its transparency. During your initial consultation with their debt analysts, if it turns out that a specific service they offer isn't the best fit for you, they will refer you to recommended third-party services that can assist you. They will even equip you with the right questions to ask when you get in touch with these referred providers. All fees are disclosed upfront, and there are no monthly charges or cancellation fees. Additionally, as you progress through the debt relief process, you'll have complete visibility into the actions being taken on your behalf. This level of openness empowers you with valuable insights into managing debt effectively in the future. This underscores how PCS Debt Relief is genuinely invested in your company's well-being at every step.

Flawless reputation over 30+ years

The credibility of PCS Debt Relief is further affirmed by its accreditation from the BBB, which awards the company a pristine "A+" rating. With zero complaints on file spanning more than 30 years of operation, this speaks volumes about the reliability of their service.

Case studies inspire confidence

What should further bolster your confidence in PCS Debt Relief's capability to assist you with business debt management are their real-life case studies. Among them is the story of Robb, who had invested his all in a small business - which took a hit when the economy plummeted. The experts at PCS Debt Relief evaluated his financial situation, present and future, and their plan was able to free him from $9,800 of his total debt.

Two minor issues

There were only two little flaws we found as we reevaluated PCS Debt Relief: this time around, we didn't find any helpful explainer videos detailing the process. Also, we spotted an ad for a fat-burning product inexplicably placed on the business debt management main page. It looks like the experts at PCS are spending their time on their clients and maybe not as much on their website - but that's a pretty minor issue overall.

Still #1 for business debt management services

PCS Debt Relief delivers informed, reassuring business debt management services meticulously tailored to your specific requirements. Collaborating with their experts to mitigate your debt not only ensures clarity but also translates to significant financial savings. With a reputation for providing hassle-free, expert assistance irrespective of your business's size, PCS Debt Relief stands out as our top choice among business debt management service providers.

Creditors Relief

• Free initial consultation
• No minimum debt requirement
• Especially effective for MCA restructuring
• In business for over a decade
• Over $500 million in debt restructured for clients
• Numerous five-star client reviews
• "A+” rated by the BBB

Creditors Relief is dedicated to crafting comprehensive, sustainable, and tailored debt relief plans that align with the unique needs of each business. Over their operational years, they've confidentially saved their clients millions of dollars through effective business debt management strategies.

Straightforward process

Initiating the process, as with most of our reviewed business debt management services, entails either completing an online contact form or dialing their toll-free number. A debt expert will then analyze your financial situation, taking into account payables, creditor accounts, hardships, and pertinent factors, to devise a personalized plan catering to your commercial debt requirements. A commitment on your part to Creditors Relief's service is only expected once you're fully at ease with the terms and conditions tailored for your distinct debt management needs. And, if they determine that your particular type of business debt would be best managed by a different service, Creditors Relief will connect you with a trusted, vetted partner in their network.

Includes budgeting as part of the management process

An integral aspect of their service package includes a personalized budget that facilitates debt reduction and ongoing financial stability. Beyond achieving lower monthly debt payments, stemming from the implemented debt management strategy, you'll be on a trajectory to sustain business growth while ensuring solvency.

Blog offers useful information in general

In addition to their core services, Creditors Relief extends further resources such as an informative blog tailored to business owners. Whether you seek insights on the benefits of financial planning, enhancing cash flow, or tips for commercial space rental, valuable information can be found here. However, we noticed that the blog hadn't been updated since late 2020, so don't go expecting to see up-to-the-minute specifics; just use the blog as a resource for more generic, "evergreen” info related to business debt management.

Extremely reputable

As for their reputation, Creditors Relief holds an "A+" rating with the Better Business Bureau, notwithstanding a few filed complaints. Impressively, their detailed responses to these complaints reveal that misunderstandings of contract terms were often at the root, rather than a lack of transparency on the service's part. And, when you look beyond the BBB to third-party review sources like Trustpilot, the picture painted is even more positive: out of 80+ reviews left there, Creditors Relief averages a respectable 4.4 out of 5. Clients praise specific representatives for being helpful, knowledgeable, and reassuring, especially during the process of restructuring MCA debts.

Case studies are compelling

The presentation of real client success stories showcasing results is always an appealing feature of a business debt management platform, and Creditors Relief is happy to provide that. You'll see tangible examples of businesses consistently saving 35%-70% on their debt payments - regardless of scale. From smaller enterprises reducing $7,000 owed to $4,500, to larger ones with a $50,000 debt mitigated to $25,000, the success stories resonate.

Excellent debt management for companies of every size

Creditors Relief emerges as a robust choice for business debt management, catering to enterprises of all sizes. If you're striving to avert bankruptcy, evade collection calls, meet payroll commitments, or surmount financial challenges, this service offers a promising avenue to restore stability and foster business expansion.

American Finasco

• Free consultation
• Online tools to estimate debt savings
• Broad array of debt management strategies for businesses
• Minimum of $500,000 in business debt to be eligible for services
• Can help significantly reduce what you owe
• In business since 1987
• "A+” rated and accredited by the BBB

With over three decades of experience, American Finasco has a well-established history of aiding 10,000+ businesses in their commercial debt management needs. Their offices in various cities could be a big perk if you prefer face-to-face service, yet their services are readily accessible regardless of your location.

Get an estimate of your savings before you call

If you'd like to get a preview of what your business could save with American Finasco (prior to calling for your free consultation), you won't want to miss the helpful tools on the Commercial Debt Management section of the website. Click on the "Calculate your potential savings with us” button, enter some basic details about your business debt, and you'll get a preliminary idea of what this company can do for you.

Big businesses only

However, American Finasco's eligibility criteria continue to be stringent, limited to "closely-held, under-capitalized corporations, with gross revenues between $500,000 and $100,000,000". For many smaller businesses, this won't be feasible for debt management.

Comprehensive debt management for large companies

And yet, if your revenues fall within their range, American Finasco becomes an excellent option. Their comprehensive service array includes Commercial Debt Reduction, Alternative to Bankruptcy, Commercial Debt Management, Business Debt Relief, Business Debt Settlement, Merchant Cash Advance, and Third-Party Intervention. Delve into their "Our Services" section for comprehensive insights into each debt management strategy. You may also benefit from their National Attorney Network, easing the legal facet of business debt management by connecting you with skilled attorneys and minimizing retainer expenses.

Be sure to read the case studies

Need more convincing? The Case Solutions page exemplifies American Finasco's effectiveness, showcasing success stories like a growing Utah telecom company whose debt management plan led to savings of $123,945 and overall debt reductions of 54%, or an Ohio manufacturing company that was able to restructure their business debt down to just 47% with savings of $75,714.

Reputation is excellent

Their remarkable reputation is substantiated by an "A+" BBB rating with zero filed complaints. Even looking at their feedback on third-party platforms like Trustpilot, it becomes evident that the only complaints come from clients who benefited from the debt management program and then didn't want to pay American Finasco's agreed-upon fees. This company won't hesitate to spell it out in their responses, detailing exactly how much they saved those clients before those business owners tried to back out of their contract: it's usually in the thousands, sometimes in the tens of thousands.

Big businesses should give them a call

While American Finasco's reliability and effectiveness shine, they exclusively cater to larger businesses, which will exclude some potential clients. Nevertheless, if your revenue fits the range, this provider emerges as an excellent choice for all of your business debt management needs.

Regroup Partners

• Attorney-based business debt management firm
• Free initial consultation
• Non-refundable retainer required
• No additional fees charged until your creditors start receiving payments
• Must have over $50k in debt to be eligible for services
• Specializes in MCA debt restructuring as well as other debt types
• Free Business Debt Solutions e-book
• "A+” rated by the BBB

Regroup Partners (also known as Expedia Financial) takes a completely different approach to business debt management than what you might have seen elsewhere. This company is attorney-based, so if part of your company's financial troubles stem from having lawsuits filed against it, you're in good hands here.

You need to have at least $50k in business debt

Before you make a phone call to see if Regroup Partners can help you, you should know a few things. First, you need to have over $50,000 in business debt to be eligible for their services. Also, whatever your debt management plan entails, you should expect to pay a non-refundable retainer, plus whatever deposits and fees are required to enable Regroup to make payments and agreements on your behalf. Of course, you can find out all of these details and more when you reach out for your free consultation: just fill in the online form or call the toll-free number.

Works with most business debts, especially MCAs

Based on the wealth of information on the Regroup Partners site, it's safe to say that they specialize in restructuring MCA debts. But, if you're struggling with vendor debt, high interest business credit cards, unsecured lines of credit, or any other business debt, you've got options here. You may want to download their free e-book, "Business Debt Solutions”, to get an overview of what Regroup Partners will have at their disposal to help you.

Impressive feedback

Although feedback for Regroup Partners and their services isn't abundant, what's out there is pretty impressive - including an "A+” rating from the Better Business Bureau. While there are a few complaints online, the company identifies some of those as being fake reviews from competitors. Others highlight clients who didn't understand the process or who didn't keep up their end of the contract.

Positive customer testimonials

Fortunately, among the testimonials posted on the Regroup Partners' site and reviews on third-party platforms, there are plenty of clients who have good things to say about their company's experience getting debt management help. It's particularly reassuring to see client after client saying they've received nothing but transparent service and effective debt restructuring here, and that even on management plans spanning nearly two years they're extremely satisfied with Regroup Partners' work.

Worth a look for business debt management

If you have enough business debt to qualify for Regroup Partners' services, we encourage you to reach out for your free consultation. Their attorney-led approach to business debt management is refreshing (and it apparently works quite well). While we'd love to see some in-depth case studies in future site updates, Regroup Partners still earns our recommendation as a reliable option for managing most types of business debt.

Wininger, Douglas & Green

• Extensive business debt negotiation services
• Only pay fees for the settlements you approve
• See case studies online
• In business for over 30 years

Wininger, Douglas and Green stands as a seasoned business debt management company with a track record spanning back to 1990, aiding businesses in both the US and globally. Their offerings encompass a range of services such as restructuring disputed invoices, managing delinquent accounts, and addressing legal challenges.

Only pay for results

Their strategy, as stated on their website, heavily employs Alternative Dispute Resolution (ADR) tactics during negotiations with creditors. This approach commonly results in notable reductions of debt, often ranging from 40% to 80% of the total owed amount. And, this business debt management service comes with a fee structure we love: if they are unable to secure a settlement that you approve, you won't pay anything for their services.

Get started (and maybe even resolved) quickly

Impressively, the entirety of the debt settlement process can be swiftly managed within a few business days. Your journey begins by either completing an online form or dialing their toll-free number, connecting you with a knowledgeable Certified Debt Management Professional (CDMP). Your consultation, at no cost, involves a comprehensive review of your business needs to assess the potential benefits of their business debt management services. Offering specific insights into your company, including the causes behind cash flow challenges and creditor disputes, is crucial to your success here.

You're in control

Wininger, Douglas and Green underscores that throughout the process, you remain in charge. You retain the authority to decide the amount you can comfortably pay at various stages of debt reduction, along with determining whether maintaining a positive relationship with your creditors holds priority.

We're still waiting for more feedback

Despite their extensive three-decade presence, this business debt management service surprisingly lacks a Better Business Bureau rating. Furthermore, beyond the customer testimonials featured on their Stop Business Debt website, authentic client reviews are conspicuously scarce across platforms. But, what's featured on the site is compelling enough to make it worth giving this option a look: massive debt reduction across a broad spectrum of business types, resolved faster than the owners ever dreamed possible. See for yourself in the Actual Settlements and Testimonials tabs on the website. And, there's something to be said along the lines of "no news is good news”: there's no negative feedback for Wininger, Douglas and Green either.

It's a "maybe” for business debt management

Although this service could potentially be a cost-effective and reputable option for business debt management, we continue to be baffled by the lack of client feedback anywhere other than the Wininger, Douglas and Green site. We recommend examining the actual settlement examples offered by the service, calling for your complimentary consultation, and then deciding whether to engage with their debt management specialists.

Goldman & Wise

• No fees unless you get the results you want
• Has worked with over 10,000 businesses
• Can contact them for client references
• In business for over 30 years

Goldman & Wise asserts an extensive track record in assisting over 10,000 business proprietors in debt restructuring over the last 30+ years. Their website underscores their capability to assist you in resolving cash-related issues, managing disputes with vendors and banks, structuring advantageous financial settlements, and sidestepping bankruptcy. They typically achieve reductions of 40% to 80% or more on "problem debts."

You won't pay unless they get results

A notable advantage is their "No Results, No Fee" approach, ensuring no charges if settlements don't align with your company's needs. To initiate the process, you can complete their online contact form or dial their toll-free number for a complimentary initial consultation. Additionally, you can watch their homepage explainer video to gain insights into their business debt management offerings.

Services many types of business debts

We also recommend that you look at the "Services” page, to see more detailed information on the areas where Goldman & Wise can help you with your business debt. These include:

• Collection Actions
• Disputed Invoices & Statements
• Bankruptcy Alternative
• Problem Accounts Payable
• Judgment Negotiations & Liens
• Federal & State Liabilities

Where's the feedback?

Evaluating Goldman & Wise's reputation in business debt management is somewhat challenging. Although a few testimonials are present on their site, comprehensive case studies and independent verifications are absent. Intriguingly, the Better Business Bureau lists a Goldman & Wise associated with a Florida collections agency, which doesn't seem to be a match for this Georgia-based debt management company.

Feel free to ask for their references

Adding to the enigma is their address, which maps to a co-working suite shared by a financial planner, law office, and an accounting firm. What spares Goldman & Wise from getting a below-average rating from us is the fact that they invite prospective clients to contact their agency's references from among the 10,000 clients that they've served. While it would be better if they published case studies on their websites (with client names hidden for confidentiality as needed), at least Goldman & Wise seem like they don't necessarily have anything to hide.

Good if you prefer results-only fee structure

Evaluating Goldman & Wise's reputation in business debt management is somewhat challenging. Although a few testimonials are present on their site, comprehensive case studies and independent verifications are absent. Intriguingly, the Better Business Bureau lists a Goldman & Wise associated with a Florida collections agency, which doesn't seem to be a match for this Georgia-based debt management company.

Commercial Debt Counseling

• Free initial consultation
• Eligibility requirements: sales of over $500,000 a year and $15,000 or more of debt
• Fees consist of initial retainer and a commission/performance fee based on results
• Will match or beat competitor fees
• Has helped to restructure over $75 million in business debt
• Not available to businesses in all 50 states
• In business for over 30 years

Commercial Debt Counseling functions as a division of the debt relief provider CuraDebt, known for assisting individuals and businesses alike with their financial challenges. But, unlike what we found in previous visits, Commercial Debt Counseling no longer makes it obvious that they're a part of the CuraDebt brand family (unless you happen to come across it while browsing the site; we first spotted it when clicking on the company logo and finding ourselves redirected to the CuraDebt main site). It's just worth pointing out so it doesn't catch you off guard.

Eligibility requirements are stricter than many rivals'

As you dig around the Commercial Debt Counseling website, you'll find a few details about their eligibility requirements for your business. First, there's a yearly sales requirement of $500,000+, and a minimum debt requirement of $15,000. Second, you may not be able to access these services if you live in particular states; our research indicates that businesses in Connecticut, Georgia, Kansas, Montana, North Dakota, Oregon, Pennsylvania, South Carolina, Vermont, Washington, and West Virginia might be excluded here. We had to go pretty deep into this website's "weeds” to find that detail.

Might be best to call first

Let's say you might be interested in checking out the business debt management services here. You'll enter some details about your business (like how much you currently owe) and be asked to enter your contact information to get a no-obligation savings estimate. We don't love that the fine print on that form says that submitting such info is consent to receive telemarketing and robo-calls, even if your business is on the do not call registry. That's a little disappointing, but at least they tell you that upfront.

Will match or beat competitors' fees

While your fees will depend on your customized debt management plan, you can expect Commercial Debt Counseling to charge an initial retainer plus fees/commissions on each account they renegotiate or resolve for you. Unfortunately, this company doesn't disclose a ballpark figure of what you might pay. On the positive side, if you get a proposed plan here and are offered a lower set of fees by a competitor, Commercial Debt Counseling will match it or beat it.

Not enough feedback specific to business services

How about reputation? We were disappointed to see just one review for these services on their own website. Where are the case studies and other success stories? That makes it really difficult to tell if Commercial Debt Counseling is amazing or awful, especially since most ratings and reviews out there are for CuraDebt instead. Those ratings and reviews are great (an "A+” from the BBB, lots of five-star reviews), but since this business debt management arm of the company is offered as a separate entity, we wouldn't jump to assume that it shares the reputation of the overall brand.

Room for improvement

Until Commercial Debt Counseling offers much greater transparency (with its fees, its projected savings, and so on), it's going to rank lower on our list of business debt management options than some others. The last thing you want as a business owner with debt challenges is to find yourself in yet another difficult situation, and Commercial Debt Counseling doesn't go far enough to reassure you that they'll solve your problems. Look at this company's higher-ranking rivals first.

National Credit Partners

• A+ BBB rating
• Free initial consultation
• Minimum of $50,000 in debt to qualify
• Free downloadable guide after you request a quote
• Specializes in restructuring of Merchant Cash Advances

With over two decades of collective expertise in business loan modification, business debt relief, and various strategies for navigating commercial debt, National Credit Partners stands as a seasoned player in the field. What sets them apart is their commitment to tailor solutions to the nuances of each case, steering clear of one-size-fits-all remedies for your distinct business circumstances.

No quotes given in advance

So, what steps should you take to engage with National Credit Partners? The most straightforward approach likely involves dialing their toll-free number during regular business hours. Alternatively, you click on the "Start Now" button, which allows you to enter your information to get an "instant savings quote”. However, that only sends your info to NCP and doesn't yield an instant anything; you'll still have to wait for a callback, as well as respond to the confirmation email sent to you. In the meanwhile, take a look at the free download on the page after you submit your info for the quote: it's a complimentary "Know Your Options” guide that can give you a decent preview of what to expect with business debt management services and strategies.

$50,000 minimum debt required

It's important to point out that it's on that quote form that we discovered that National Credit Partners requires you to have at least $50,000 in business debt to be eligible for their management options. That's not a particularly high threshold to meet, so just be aware that it exists.

A little quiet on the details prior to consultation

While their website might not provide an extensive breakdown of their services, we've delved into the details to uncover that they leverage skilled negotiators, legal professionals, and mediators proficient in addressing a wide array of business debt challenges. Your best bet is to start with their free consultation and see what NCP can offer for your business debt management.

Specialist in restructuring MCAs

A specialized area where National Credit Partners excels is in the restructuring of Merchant Cash Advances (MCAs). These loans, characterized by exorbitant interest rates that can escalate to a staggering 400%, can swiftly ensnare business owners in financial turmoil. If you find yourself grappling with the complexities of MCAs, rest assured that this provider boasts substantial expertise in restructuring and modifying this particular strain of business debt.

Clients who understand the contract are usually satisfied

Looking elsewhere, the feedback for National Credit Partners is mixed but mostly positive. Clients who have a clear understanding of what their business debt management entails (and what it doesn't) typically have a fantastic experience here, getting the help they need in a structured, reliable format. You should make sure you are completely clear on your plan if you sign up with NCP: it's the easiest way to make sure you're not disappointed or caught off-guard.

Consult higher-ranking debt management services first

We've had to drop National Credit Partners quite a bit in our rankings among business debt management options. While they've improved their BBB rating to an A+, they're still too tight-lipped about their services for our liking. If you're particularly struggling to get on top of an MCA situation, it might be worth taking NCP up on their offer of a free consultation. However, you may want to avail yourself of a complimentary evaluation from the higher-ranked options on our list too, so that you can compare your options before committing to National Credit Partners.