Where is the best place to get business debt management? Running a business often comes with unexpected costs, and many times that can lead to unavoidable debt. Whether it's from taking out loans to expand, paying vendor fees, or dealing with slower-than-expected sales, debt for overhead costs, or just managing the day-to-day needs of your business, costs can pile up fast. Letting that debt sit too long can create serious problems for your cash flow and your ability to grow. You'll want to take control as early as possible, before interest charges or unpaid bills cause even more stress. But don't worry - you don't have to figure out all your complex finances alone. You can use a business debt management service to help you on your way.
Best Option
BHG Financial is a financial solutions service that provides business debt management as one of its many options. It was founded in 2001 and focuses on providing a simplified process for handling your personal or business finances. Not only does BHG Financial help you get your finances in order, but the company is also a lender (necessary for debt consolidation in-house) and has originated over $23B in loans since the company opened. The average amount BHG Financial offers to business owners to help them consolidate their payments is $140,000.
Get your application completed online
Unlike some other sites that only help you manage your existing debts, BHG Financial offers business debt management through debt consolidation, specifically. To get started, you have two options. First, you can call in and get a free estimate based on your current finances (you're going to want to have your FICO score handy for this one), or you can use the estimate calculator on BHG Financial's website to get an idea of your potential finance capabilities. You can use the calculators for any amount up to $500,000. You'll also be asked a few questions before you continue, like when you need the money, what your current credit score, your current annual income, and your personal information (including phone and email). For our comparison, we looked at a loan amount of $100,000 to cover existing debts. We were offered a $1,121 monthly payment across a 12-year repayment plan. From there, you can complete your loan application online.
Focuses on debt consolidation
BHG Financial's main business debt management offering is to lend you money (yes, this might sound backward, but this is how you consolidate). This way, you can take all your different loans and pay them off from your current lenders and creditors. While you'll still owe the same lump sum, all of your loans will now be one payment to BHG Financial. The benefits of this include having one standardized payment that you can manage in one place. This also means you'll only have one interest rate to worry about, so your overall monthly payment will decrease. Plus, with a longer repayment period than you've currently got, you can increase your spending on your business itself.
Fantastic cost transparency
BHG Financial is one of the most transparent debt management sites in our review. You can apply online without a phone call if you wish, possibly getting approved within 24 hours, depending on your specific case. Plus, you can see the money in your account in around 3 days. BHG Financial doesn't leave you confused about how much you're being offered or the estimated monthly payments during your business debt management application, which we appreciate. The numbers are all right there.
Solid testimonials on site
On top of having great transparency regarding the business debt management process and potential costs, you'll see plenty of testimonials on BHG Financial's website from previous debt consolidation clients. These testimonials have specific names and details about the process. Business owners were pleased with the refinancing options and the complete consolidation of debts under BHG Financial.
Top-notch reputation
BHG Financial claims to have an "A+" rating from the Better Business Bureau on its website, and it's correct. BHG Financial has a perfect grade and accreditation from the BBB. On top of that, it has an impressive number of reviews on trusted third-party review sites like Trustpilot, where BHG Financial holds a 4.7-star average out of 5. BHG Financial also has plenty of recent reviews, including those about their business debt management services. All of the recent reviews as of the date of this evaluation were a full 5 stars, with high praise for the quality of customer service at BHG Financial. One client called BHG Financial "warm and welcoming" and appreciated the level of detail while talking to customer service reps. This sentiment was reflected in the majority of reviews, too. One customer said that he initially did not qualify for his debt consolidation loan, but BHG Financial worked with him to find other solutions so he could reapply and get full approval.
Best pick for debt consolidation
If you're looking for debt consolidation as your primary option for business debt management, BHG Financial is going to be your top pick in that category. And considering its impressive online estimates and a fully online application process, it comes out as a favorite across all business debt management solutions. Adding the high praise from other business owners and BHG Financial's perfect "A+" rating from the BBB, there are no real downsides to applying for this service and getting all your debts handled in one loan and one payment.
Great
Fora Financial is a site known for business funding of all kinds. It has currently offered over $4B in funding nationwide and has offered help to over 55,000 companies. The company launched in 2008 and has worked to provide financial support for small businesses since then. Its business debt management services are primarily focused on debt consolidation, making it simple and straightforward to decide between different options depending on your needs.
Fill out the form and wait for eligibility
To get started, you can apply for your business debt management financing directly on the Fora Financial website. The questionnaire requests your name and contact information, as well as details about your business. From there, Fora Financial will check your eligibility and send you an email. In general, Fora Financial says that you can expect to hear back about your eligibility within 4 hours of submitting your details. Our response with a test business took a bit longer than that, unfortunately, but this may not be the case with everyone.
Focuses on debt consolidation
Fora Financial is a "funding partner," which means that rather than sitting down with you to focus on handling your debts, you would simplify all your debts and loans by taking out a single consolidated loan. Businesses can expect to get up to $1.5M in funding, depending on their qualifications, with payment terms up to 18 months. So, if you're looking for business debt management that puts all your debts into one place (where you have a lower monthly payment), you'll want to check out Fora Financial. On top of debt consolidation, you can also access other ways to get money into your business, like:
High levels of transparency
Fora Financial has some of the best transparency for a business debt management site that doesn't have an online calculator or fully online application (since you have to wait for an email back, and you don't get complete estimates upfront). The site includes all the specifics for Small Business Loans before you even get into the application process and includes all the key points like prepayment discounts, term lengths, approval time, and funding limits. If you're looking for a site that lays it all out, Fora Financial is highly competitive.
Fantastic case studies
One place where Fora Financial stands out from the pack is its case studies. You can see a few in a limited view with the basics included, like how much the business was given in loan funding, what industry it was a part of, and what the funds were used for. You can then read the full business debt management case study if you want the details - from the initial vision of the loan, the challenges faced by the company that led to securing a loan from Fora Financial, and exactly what Fora Financial offered to solve the problem. Finally, the case studies end with results: how did the company turn out with Fora Financial's help?
Great reputation for friendly service
Fora Financial reports that it currently holds an "A+" rating and accreditation from the Better Business Bureau, which is completely true. On top of that, Fora Financial shows highly competitive ratings on third-party sites like Trustpilot. At the time of our review, Fora Financial held a 4.6-star average rating out of 5 on Trustpilot. Recent reviews praise the rates at Fora Financial, specifically. Many say that the final rate was extremely competitive for business debt management, and that made the decision to go with Fora Financial an easy one. Fora Financial was also praised for its helpful customer service department and friendliness throughout the loan process. Most of the reviews praise specific team members as well.
Best pick for customer service
Great customer service and great numbers are two things you want to see when you're worried about your debts. When you pick a business debt management service, you want to be sure the company will have your back. While Fora Financial focuses primarily on debt consolidation, this is a great way to get your ducks in a row and eliminate unnecessary interest payments and confusing multiple payouts to different creditors per month. Overall, the high level of customer service and the fantastic case studies help Fora Financial stand out from the pack, earning it an excellent rating in our review.
Great
Creditors Relief is a business debt management solution that offers you assistance as well as education on how to effectively manage your debt. Creditors Relief promises to be a "dedicated partner" to help you with debt relief, taking a "family" approach to look out for you while you do business with them. Creditors Relief primarily works on restructuring your debt (for any industry and any business regardless of size), and it promises results that help you grow your business, eliminate debt, and build additional value for your business.
Call in to get the details
To get started at Creditors Relief, you'll need to call in: either use the phone number listed on the main page of Creditors Relief or begin your business debt management research by using the "contact us" page, where you can enter your name, email, phone, company name, debt amount, and details about the best time to speak with you in a short questionnaire. From there, you will need to wait for Creditors Relief to contact you to get an idea of the possible prices or reduction in your current payments for business loans.
Relief for small and enterprise businesses
Creditors Relief offers assistance with small businesses and enterprise-level companies. If, for some reason, your debt type falls outside of Creditors Relief's expertise, the company promises to connect you with someone who can handle your needs, who has the same reputation as Creditors Relief. For business debt that does fall under Creditors Relief's jurisdiction, you'll be able to get financial guidance, help with consolidation, and focus on getting you a lower monthly payment. There are other items that Creditors Relief can help you with (beyond business debt management). Here's what you might be able to take advantage of:
Lots of learning materials
The process transparency and level of detail on the site are pretty good at Creditors Relief. There are lots of learning materials directly on the website to help you learn more about what restructuring your finances and debt through a business debt management service might look like. However, we do wish there were an online calculator that indicated an estimate of how much you might save based on your current debt amount. Several of the top services on our list provide this - it helps, when going into an estimate call, to have some numbers in mind.
On-site testimonials could use an update
Creditors Relief doesn't display testimonials on its website. Instead, it relies on a link to Google reviews to show how customers feel about Creditors Relief's business debt management in real time. But, unfortunately, "real time" was not the case. At the time of our review, Creditors Relief's posted widget showed that it had a 4.5-star average on Google with a range of semi-recent reviews included in the feedback. However, we didn't see any testimonials (through the widget) that were any more recent than 2023.
Reputation for real assistance
While the website's widget is behind, this is not as bad as it seems. Updated reviews viewed directly via Google show that Creditors Relief holds a higher 4.6-star average now (compared to the 4. 5 in 2023) and 100 more reviews than those listed on the site's widget. Plus, there are recent reviews as new as 3 months from the time of our review. Creditors Relief also holds an "A+" rating from the Better Business Bureau and an impressive 4.8-star rating out of 5 on Trustpilot. In general, the praise for this service was high, with particular notes from clients naming team members at Creditors Relief who helped them manage their finances over time.
Great choice for all-around debt support
With high praise from customers on Google, Trustpilot, and the BBB, Creditors Relief stands out as a solution that features a family-like approach to helping you handle your debt. While we'd still love to see more pricing transparency on the website (even a basic calculator tool), it is definitely worth making a call if your business needs a boost. For these reasons, Creditors Relief earns a very high score in our review.
Very Good
PCS Debt Relief is a business debt management site that got its start back in 2010. Its approach to debt relief is to provide you with background assistance and handle some of the more stressful aspects of your debts to get you back on track with your business. There are plenty of ways PCS Debt Relief can help you out, not just business debt restructuring. For example, if you need help with smaller things like credit card debt or consumer debt, PCS Debt Relief is there for you, too.
Call in whenever you're ready
Like many of the sites in our review, the only way to get any details on how much money you'll save with PCS Debt Relief is by calling for a free consultation. Unlike a few of our top competitors, there isn't a form to fill out for PCS Debt Relief to get back to you. When you're ready to call, the number is right at the top of the screen, allowing you to get the details on your own time.
Can help you with 5 business debt requirements
There are 5 different business-specific ways for PCS Debt Relief to handle your business debt management: business debt negotiating (where PCS Debt Relief talks to your creditors to reduce monthly payments), business credit repair, business debt restructuring (if you want to combine your debt into one payment), business debt settlement, and business alternative to bankruptcy. On top of those features, you can also find assistance with vendor debt and commercial lease/purchase situations.
PCS Debt Relief wants you to learn the process
If you're looking for a site that offers you step-by-step transparency on what the process will look like, you'll love PCS Debt Relief. The entire process is broken down into four helpful steps. First, PCS Debt Relief will analyze your situation and go over your budget, current debts, and other financial concerns, then negotiate with your creditors for you to get your debt shifted to a different payment cycle and reduce the monthly costs. Then, PCS Debt Relief will use its partners to help you stay on track and plan your way out of debt. Finally, this service will allow you to monitor all aspects of your debt relief program. You can be involved in as much (or as little) as you prefer. PCS Debt Relief likes you to be an integral part of the process, so that they can teach you how to manage your debt (sidestepping the need for a business debt management service in the future).
Solid case studies
PCS Debt Relief has both testimonials and case studies to look through as proof of its solid services. The case studies for business debt management were particularly detailed, including the debt amount, the savings offered, and how the savings affected the individual or business. Further, PCS Debt Relief sends you off to third-party review sites to check out customer reviews on Yelp, Google Reviews, the Better Business Bureau, and Superpages.
A reputation for actually clearing debt
At the time of our review, PCS Debt Relief held a perfect "A+" rating and accreditation with the Better Business Bureau. While it has some reviews on Yelp and Google Reviews, there aren't many, and there are no reviews at all on trusted third-party sites like Trustpilot or Sitejabber. However, from what we saw on Yelp, PCS Debt Relief has a perfect 5-star rating (but from just 3 total reviews). Customers praised the company for being supportive through the entire business debt management process and for actually clearing all of the debt clients had.
A great choice - even with fewer reviews
While we'd love to see more reviews overall for PCS Debt Relief, what's out there is highly positive. The company offers solid transparency and assistance with multiple areas of business debt management. With that in mind (and the "A+" rating from the BBB), it comes in at a competitive score overall. If it gathers more third-party reviews in the future, it has the potential to be one of our top picks.
Good
Wininger, Douglas, & Green is a business debt management site that deals specifically in debt reduction and financial crisis management. The company has been open since 1990 and promises to help companies in the US and Canada restructure and retire disputed invoices, delinquent accounts, and pending lawsuits, judgments, and liens. Wininger, Douglas, & Green is currently headquartered in New Paltz, New York, and is run by business arbitration and negotiation specialists. In general, this service claims that they generally reduce debt by 40%-80%.
Call or email for free consult
Wininger, Douglas, & Green will only give you the run-down if you call in. You can also email the company, though that information is smaller and may be harder to read for some. Both the phone number and email are available on the main page. However, there are no calculator tools offered at Wininger, Douglas, & Green, so you'll have to wait and see how much you can save through business debt management by getting in contact for your free consultation.
Pay when you see results approach
Wininger, Douglas, & Green handles three areas of business debt management. First, you'll get help with avoiding bankruptcy and litigation: they will do anything in their power to save your business and treat bankruptcy as a worst-case scenario. Second, it specializes in financial crisis management, which means Wininger, Douglas, & Green will approach your creditors for you and handle collections so you can concentrate on your business. Finally, this service will help you with debt settlement and restructuring (like loan consolidation). Plus, you won't pay anything for these services upfront; you'll only pay after you see results.
Solid transparency, but site needs some TLC
Wininger, Douglas, & Green has fantastic transparency and detail about every level of the company's process. And, it comes with a guarantee: Wininger, Douglas, & Green promises that if it cannot get you a settlement that is satisfying to you with its business debt management process, you will never pay them at all. However, while we were browsing, we found a few places on the site where updates might be helpful. First, the "View All Testimonials" link (at the bottom of the page) is broken and doesn't show any further testimonials than the ones on the main page. Second, the link to the Google Reviews page just leads to a Google search of Wininger, Douglas, & Green. While this can be helpful, it isn't the same as what the link suggests.
Solid testimonials with helpful details
As for the testimonials themselves, Wininger, Douglas, & Green is one of the few sites that includes the names of individuals along with the company industry on the testimonials. If you search for the business debt management testimonials using the dropdown menu on Wininger, Douglas, & Green, you'll get to all of the testimonials offered (and there are lots of them). While we'd love to see dates on these testimonials, the feedback is detailed, naming specific members at this company who were particularly helpful and providing specific amounts of reduction achieved during the settlement.
Only a few (but high) reviews
Wininger, Douglas, & Green held a perfect "A+" rating from the Better Business Bureau at the time of our review. However, finding reviews for this business debt management site was more than a little difficult. We found a review on Yelp (a full 5 stars) that echoed the sentiments of the on-site testimonials, with high praise for the professionalism and the results at Wininger, Douglas, & Green. On the other hand, with fewer third-party reviews than many sites in our review, it's harder to gauge the overall reputation of this business debt management service compared to those that are more highly (and frequently) rated.
Competitive due to its guarantee
While the low number of third-party reviews keeps Wininger, Douglas, & Green from being a top pick, it remains a highly competitive all-in-one choice if you want someone to help you restructure your debt, handle creditors for your business, and support you without any costs until you're happy, Wininger, Douglas, & Green has a lot of high points to consider; the guarantee, especially, is a standout feature. So, despite fewer than average third-party reviews, Wininger, Douglas, & Green remains a competitive choice for business debt management.
Average
Goldman & Wise is a business debt management service that specializes in business debt, financial crisis management, and business dispute resolution. The company was opened in 1989, and its main office is located in Atlanta, GA. Whether you're worried about billing disputes against your business, pending lawsuits, or just getting a handle on your debts, Goldman & Wise stands out as a way to reduce or restructure your debt without stress (or resorting to extremes like bankruptcy or litigation).
Call them to get started
To get started at Goldman & Wise, you can either download the PDF brochure to look through the process, or you can contact the business debt management company at the listed phone number or email to begin your free consultation. In general, it's on you to make the first move, so getting your debt details ready before you call can help expedite the process. Unlike some other sites in our review, there's no calculator or estimation tool to give you an idea of the potential savings, though the amount of estimated savings is listed in the brochure.
Focus mainly on assistance with collections
Goldman & Wise's approach includes negotiation with your creditors, so that you can get a favorable settlement with little to no stress on your part. In most cases, you can expect a reduction of between 40%-80% of your debts and dodge additional collection fees. However, unlike some services we evaluated, Goldman & Wise doesn't specifically help with debt consolidation; it just steps in for you regarding collections or financial disputes. In addition to general business debt management, you can expect help with:
Decent transparency for collections
There's solid transparency for Goldman & Wise's business debt management services. You can download the PDF and get a more detailed rundown of the information on the website. However, in general, for specifics (and learning where you fall on the 40%-80% savings range), you'll need to call for a consultation. We would love to see a calculator tool or more specific estimate, though the fact that Goldman & Wise works mainly with collections and creditors might make that more difficult than with sites that help consolidate your debt.
Mid-tier offerings for testimonials
Goldman & Wise does offer testimonials on its website for business debt management, but they don't give as much detail as they could. Rather than specific case studies like we've seen at some competitors, these are just quotes from individuals. Usually only the last name is included in the quote, and no business type, so there's no way to trace or prove the content of the testimonials. Further, there are only about a half-dozen testimonials on the site.
Minimal reviews for Goldman & Wise
At the time of our review, Goldman & Wise held a perfect "A+" rating from the Better Business Bureau. However, it was harder to find on third-party review sites than some of its competitors. We found a 5-star average on Yelp, but this only included one single review. As for third-party sites like Trustpilot or Sitejabber, there was no presence for Goldman & Wise at all. While the single review we found was outstanding, praising the company through multiple years of service, we'd love to see more feedback out there to support this business debt management service's reputation.
Best if you need help with collections
While the feedback we found was good, the general lack of reviews for Goldman & Wise keeps it from being one of the top competitors for business debt management in our review. It is a helpful option to consider if you want help negotiating with your creditors, but it doesn't focus as much on helping you make plans or with consolidating your debts. For these reasons, Goldman & Wise earns a mid-tier rating overall. It's worth a look, but more frequently reviewed sites earned preference over this site.
Fair
Regroup Partners is a business debt management site that focuses on "reviving distressed businesses" as part of its primary ethos. Regroup Partners promises that it will restructure your business debt so that you can move toward financial freedom. The company was founded by Claudia Maicon in 2019, and it is currently based in Boca Raton, FL. Although they claim to have thousands of happy clients, this may be a smaller business debt management company than advertised - but it still offers decent options for getting your debt handled.
Call in for a consult
To get started with Regroup Partners, you'll need to call in. The number is a little ways down the page, so it can be a little harder to find the phone number here than with some of the other sites. This will set you up for a free consultation call. You should be able to determine your eligibility from that point and decide what kind of business debt management is right for your case.
Debt relief with an all-in-one approach
Regroup Partners' business debt management is a "debt relief" program that offers customized debt management strategies, negotiation on your behalf with creditors, restructuring of your debt, then creating and guiding you through a plan to support your finances as you make a dent in your debt. Regroup Partners stands out by offering teaching tools as part of its program to help you keep track of balance sheets, learn capital optimization, and help you understand your own cash flow management. This is a nice all-in-one approach offering both debt restructuring and creditor negotiation with the goal of getting your monthly payment down as much as possible.
Impressive level of process detail
Regroup Partners has impressive transparency, giving you an entire learning page for business debt management, including different types of relief like debt consolidation, debt settlement, small business bankruptcy (which Regroup Partners reassures is only for extreme cases), and more. Each section has a pros and cons list and details about what situation might best suit the solution. However, unlike some other sites, Regroup Partners doesn't estimate the savings you might achieve, so you'll have to rely on the call to get the details there.
No testimonials on site
Oddly, Regroup Partners doesn't have any testimonials on its site, only a video by the founder. There are a few pages, like one where Regroup Partners was featured on USA News, but compared to other sites with testimonials and case studies, this service could use a little more detail directly from clients on how the business debt management worked out for them.
Only 3 reviews to consider
There are also very few total reviews for this company on third-party review sites. Our research showed that Regroup Partners did hold an "A+" rating from the Better Business Bureau. However, on other third-party review sites like Trustpilot, there was only 1 total review for this business debt management service. This single review is a full 5 stars but praises the MCA debt management side of Regroup Partners, specifically, rather than the debt restructuring. The team is described as one that "truly cares" about individuals and businesses, and the client was entirely satisfied with her experience. Outside of Trustpilot, we found two more reviews on Yelp. One was 5 stars praising the helpfulness of the Regroup Partners program in helping her business avoid bankruptcy. On the other hand, the second review was just 1 star. The customer claims that Regroup Partners was not making payments toward his debt and holding his money. He could not leave the program once he started, and had his account frozen. Yikes...
Needs to work on customer feedback
At the end of the day, this Florida-based company has some issues. The biggest red flag is the lack of customer reviews both on Regroup Partners' website and on third-party review sites like Trustpilot. With the mixed feedback (and one review reflecting problems with frozen accounts), Regroup Partners needs to do a bit more work on its reputation before it's fully competitive. It may still be worth a consult call, but you might prefer a more established business debt management site instead.
Subpar
Commercial Debt Counseling is a site that offers business debt management through its debt counseling program. The goal is to reduce your overall debt payments and give you relief from ongoing debt-related stress. The company opened its doors in 1996 as a financial and creditor negotiator. It started in California, helping small businesses and individuals, and now offers its services across the US. Currently, Commercial Debt Counseling has handled over $75M in business debts.
The only way to get details is to wait for a call
To get started, you can select the "get free consultation" button, which will take you to a quick quiz for your business debt management concerns. This will ask you how much your business currently owes, whether or not your business is behind on payments, what state your business is operating from, and then you'll enter your name, company name, email, and phone number to sign up for a free consultation. From there, you'll have to wait for a call to learn more about Commercial Debt Counseling.
All-in-one debt focus
Commercial Debt Counseling offers a few services with its business debt management plans. You can expect help with collection calls, consolidation of payments, setting up your debts for lower monthly payments, and managing your cash flow. The process is promised to be "custom-tailored" to your business and fast - to give you an immediate increase in cash flow. Commercial Debt Counseling's approach is an all-in-one style that's meant to address every aspect of your business debt.
No calculators or estimates online
There's solid transparency on Commercial Debt Counseling with details on the type of services the company offers for business debt management. However, unlike some of its competitors, there isn't a payment calculator on the website. Instead, you have to wait for Commercial Debt Counseling to contact you, so have your business details ready when they call. Beyond that, the site leaves potential savings a bit of a mystery.
Only one testimonial on the site
Commercial Debt Counseling does stand out with the level of detail from customer testimonials. The comments from customers include names and exact dates, so you can trace the feedback. However, on the business debt management page specifically, there was only one testimonial to look through, and it was from about 3 years ago. We searched for additional testimonials on the website and turned up zero.
Minimal feedback despite "A+" rating
Commercial Debt Counseling currently holds an "A+" rating from the Better Business Bureau. But, according to our research, it's hard to find any feedback for this site. This mirrors the single testimonial we found on Commercial Debt Counseling's business debt management page. Throughout our research, this site only had one review on Facebook. There was no feedback for Commercial Debt Counseling on any of our trusted review sites like Sitejabber or Trustpilot, and there were even some YouTube videos asking if this website was a scam.
You may want to choose a more popular service
On the whole, the all-in-one approach is a highlight of Commercial Debt Counseling. However, with minimal reviews on trusted sites and only one review from several years ago as a testimonial on Commercial Debt Counseling's website, we're a little concerned about the lack of documented customers in recent years. This, plus the lack of pricing or estimate transparency on the website, keeps it from being as competitive as many of the business debt management sites in our review.
Weak
National Credit Partners is a seemingly well-regarded website with press features on Business Insider, Yahoo Finance, and more. National Credit Partners (also known as NCP) promises a specialization in business debt management through mediation, alternative lenders, and helping with outstanding balances, all without collections or legal action. The business was first started in 2017 (which you might not have guessed from the older style of the website, but more on the website later). It currently focuses on providing programs that benefit both businesses and lenders.
AI assistant might be for another website
To get started, you'll fill out a free scheduling form for business debt management to get a consultation on your business debts. The form asks for your name, business name, your email, your phone, approximately how much debt your business currently has, and any further details you want to share with National Credit Partners. You can also use the online chat feature to talk to National Credit Partners' AI assistant. However, when we started the chat, it welcomed us to "Elite Level Academy" (we tested this on multiple browsers to be sure it wasn't a glitch). Then, after putting in our details to hopefully learn more about National Credit Partners, we were instead sent information about learning for Elementary, Middle, and High school "programs" that had nothing to do with business debt. Yep, this was a bit of a head-scratcher for us, too.
Could save up to 60% on your payments
After the failed AI assistant, we tried filling out the form to see what kind of baseline email National Credit Partners might send us regarding the programs or setting up a consult (hopefully one actually about National Credit Partners this time). Once we did that, National Credit Partners offered us a free "know your options guide" to download while we waited to hear back about the business debt management process. We received an email back within 10 minutes, and it let us know we could expect around 40%-60% per month less on our current payments for debt of up to $100,000.
Impressive advice in the pamphlet
The downloadable packet had loads of details about business debt management, including when you shouldn't go for debt relief as it can make some business situations worse. We appreciated the level of detail here, and the information about when to walk away was particularly customer-friendly. For example, National Credit Partners notes that Business Debt Modification is the "least risky" and one of the main options the company explores when helping you reduce your monthly payments. However, it could do a bit better with its client success stories and case studies. These are mostly just a first name, and all of the quotes we saw were 5 stars, so it's obvious that they are curated.
Some concerns about scams
National Credit Partners has an "A+" rating and accreditation with the Better Business Bureau. However, on third-party review sites, the feedback is a little more balanced. Currently, National Credit Partners holds a 3.6-star average rating on Trustpilot. But this includes just 7 total reviews. On average, there aren't many reviews out there on any third-party sites for National Credit Partners. According to the feedback we could find (which was as recent as two months ago), this has been a very helpful business debt management option for business owners. On the other hand, there are some recent 1-star reviews claiming that National Credit Partners scammed business owners out of money. Further, some customers noted that National Credit Partners "can't take no for an answer" and reps consistently "harassed" business owners after submitting queries.
Too many red flags
With some major red flags (despite the "A+" rating from the BBB), National Credit Partners doesn't make it to a competitive spot on our list. You never want to see the word "scam" when you're worried about your debt. With the reviews considered in conjunction with the frankly odd AI chat assistant on National Credit Partners' website, we can't recommend it. For these reasons, National Credit Partners earns one of the lower scores in our review, and a warning that all may not be as it seems with this business debt management company.
Poor
American Finasco is a business debt management site that offers relief to many different types of people and entities. Including features like Business Debt Relief or Business Debt Settlement, there are multiple ways to approach your finances and alleviate the stress from loans or high-interest payments. Currently, American Finasco has regional offices in Cleveland, Nashville, Dallas, Philadelphia, Houston, and Raleigh, if you want to visit in person. The platform offers a national network of attorneys that are able to handle not just finances, but any legal or court filing on your behalf when necessary. American Finasco got started back in 1987, and it has been serving thousands of clients across the US.
Call or use their calculator to get started
There are a few ways to get started at American Finasco. You can either jump on a call for a free consultation for your business, or use American Finasco's online tool to calculate how much you might save by working with this business debt management platform. If you use the calculator, you'll be asked to enter your "problem debt amount" along with the number of months you currently have to pay. When we used the calculator, it showed a 33% savings for someone with $100,000 in debt. If you choose to call in, American Finasco offers a simple 3-step approach. They'll gather the information about your debt and creditors, they'll formulate a plan for you, and they'll help you implement the plan and make necessary negotiations on your behalf.
Two plans to help businesses and more
You can find plenty of services at American Finasco, with two business-focused plans. The first is Business Debt Relief, which is a standard business debt management approach where American Finasco helps you get your finances situated in a payable sum. Then, you can also choose Business Debt Settlement, which is for those who want an option other than bankruptcy. There are also additional services for:
Transparent with what your call will entail
American Finasco has decent transparency about the business debt management process and expectations, but most of the work will be done during the initial phone call. Currently, pricing and detailed plans are only available to business owners who call for a free consultation, prepared to share details of their debts in order to formulate a plan. While American Finasco does mention both implementing repayment and up to 41% reduction of your current monthly payment, the actual numbers will be determined in your call.
Case studies could have better detail
American Finasco offers a range of case studies for its business debt management services to allow you to browse how it has demonstrated its assistance for others. However, we would like to see more details about the companies and individuals helped by American Finasco. Currently, the "case studies" are just quotes or paragraphs talking about "an Ohio company" without company details to prove the case was real.
Dishonest about BBB ratings and concerning customer feedback
American Finasco claims to have an "A+" rating and accreditation from the Better Business Bureau. However, according to the actual BBB listing, American Finasco has neither. It is currently not rated and misrepresents itself on its website regarding the BBB rating. Further, there were only a handful of third-party reviews for American Finasco on trusted sites like Trustpilot. Currently, the business debt management service holds a 3.1-star average out of 5, with the majority of the few reviews being just 1 star overall. Concerningly, the most "recent" review is from 2019, suggesting not many customers are using this service. With the poor reviews they received, there were complaints about the customer service and dishonest practices. On top of that, American Finasco's responses to clients are argumentative and also appear to prove some of the complaints about rudeness correct. Not a good look...
Too many red flags to ignore
If you're looking for an up-to-date service that's popular with business owners just like you, you're not going to want to invest your time (or money) with American Finasco. While it seems to have some good numbers on its website, the lack of detail in the case studies and misrepresentation of its BBB rating on the website are concerning red flags. Grouping those issues with the poor reviews (and the most recent being from over 5 years ago), we can't recommend American Finasco over other, more established business debt management sites in our review.
Continued from above...
Running a business often comes with unexpected costs, and many times that can lead to unavoidable debt. Whether it's from taking out loans to expand, paying vendor fees, or dealing with slower-than-expected sales, debt for overhead costs, or just managing the day-to-day needs of your business, costs can pile up fast. Letting that debt sit too long can create serious problems for your cash flow and your ability to grow. You'll want to take control as early as possible, before interest charges or unpaid bills cause even more stress. But don't worry - you don't have to figure out all your complex finances alone. You can use a business debt management service to help you on your way.
Online business debt management services have made the process safer and more streamlined to handle your business finances. These platforms use secure systems to protect your financial data and connect you with trusted advisors who can help you not only work through your debt but also improve your business as a whole. Plus, instead of meeting with a financial advisor in person (which means printing out your paperwork and other menial tasks), you can work with professionals from the comfort of your home, so you can now work on your debt (or rather, let them work on your debt for you) without taking time away from business operations.
The ultimate goal of business debt management services is the improvement of your business' financial health. Ideally, these services help you reduce interest rates for your current debts by negotiating with creditors on your behalf, plus you can get debts consolidated into a single predictable payment, so you don't lose track of what you owe. Business debt management services will also help you prioritize repayment by focusing on the higher-interest loans or debtors first, and maintaining an ongoing plan while you pay off your debts.
So what should you expect from a reliable business debt management platform? The best options will offer online progress tracking and payment plans that help you keep on top of your finances the entire time. You should also expect to find free consultations or even online applications at the best services, and support throughout the process from a dedicated financial manager. Whether you want help with a realistic budget, your cash flow management, or finding a way to make those debts disappear for good, a business debt management service will be the right choice for you.
So, if you're ready to get a handle on your business finances, we've got your back. It can be hard to know which business debt management service is the best choice for your finances, so here's a list of factors that can help you find the best pick:
To give you the best chance of eliminating your business debt, Top Consumer Reviews has rated and reviewed the best business debt management services available out there today. Now, you can get your finances in order and focus on what really matters: helping your business grow to the next level. You'll be breathing easy from your business debt in no time!
Compare Any 2 Products
Top Products.
Top Reviews.
Top Consumer Reviews.
Reviews
Browse through thousands of reviews.
Social Media
Like us? Follow us! We'd love to have you join our community.
Newsletter
Stay up to date with the latest reviews. We'll keep you informed, and we'll never sell your information to anyone.
