Saturday, May 28th
2022 Debt Relief Company Reviews
Credit.org
- Most services are free
- Nominal fee for some credit counseling services
- "A+" rated and accredited by the BBB
- In operation for nearly 50 years
Credit.org is one of the longest-standing resources for financial education and debt solutions, including debt relief Founded in 1974 and approved by many organizations and agencies, including the US Department of Housing and Urban Development (HUD) and the National Foundation for Credit Counseling (NFCC), this is an excellent resource if you need help taking control of your finances.
Over five million coaching sessions logged
Credit.org has completed more than five million coaching sessions, with a team of more than 50 professionals offering help and advice. You can get started either by calling Credit.org's toll-free number or by filling out your information online. If you go the online route, you'll be taken to a page with several resources you can use before you speak with a counselor. These include a debt journal and other tools to analyze your situation.
Free debt analysis
Your call with a coach will involve a debt analysis, to get a picture of what you owe and your current budget. At the end of that analysis, the financial coach will talk with you about all of the debt relief options that apply to your situation. If there's a strategy that appeals to you, you can enroll with a Credit.org partner and get started on your journey to financial freedom.
Mostly free, with low fees for some services
And guess what - most of Credit.org's coaching is free! Yes, you read that right: you can get financial education, budgeting and counseling sessions, pre-purchase advice, foreclosure prevention counseling, and default rental counseling at no charge. All other fees depend on the service you use and the state you live in, but even those fees can be reduced or waived due to financial hardship. It's nice to have even a ballpark estimate of anticipated expenses, so we poked around and found that some clients pay $35 as an enrollment fee and $20 in monthly costs when enrolled in an ongoing debt relief plan or other strategy for managing their finances.
Great reputation
Clients really appreciate everything that Credit.org has to offer. Financial topics can be sensitive and difficult to discuss, and people say that their coaches were friendly and knowledgeable with no pressure to choose any particular solution to their debt issues. The Better Business Bureau gives Credit.org an "A+" rating and accreditation, and there were zero complaints registered with the BBB in the year leading up to this review.
Long-standing, trustworthy reputation
With Credit.org, you really can get something for nothing. If you're looking for honest, objective advice about your financial situation - even if that doesn't wind up with a debt relief plan - then this is a great option. Their fees are reasonable and their reputation for excellent service spans almost half a century. Credit.org is one of our preferred resources for debt relief and other options for improving people's finances.
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Who Provides the Best Debt Relief?
If you're facing an ever-increasing pile of "past due" notices, threatening letters from the IRS, and credit card statements where you're barely paying the interest, you're not alone. With unemployment rates reaching record highs, more people are struggling to make ends meet. The average American carries over $90,000 in debt, from student loans to mortgages, and it's easy to get in over your head.
Debt relief is the solution you need. It may sound like a gimmick or a scam, but rest assured that there are many reputable services that can help you reduce the amount of money you owe and help you get back on track financially. These programs typically work by negotiating on your behalf with credit card companies and other debtors, through strategies like debt settlement and repayment plans. Some of the best debt relief services work closely with you to create a solid plan for moving forward too, helping you to make sound financial decisions and hopefully avoid needing such measures in the future!
Debt Relief Company FAQ
Continued from above...
Are you eligible for debt relief? The criteria vary by provider, but you probably need to have at least $5,000 in total debt owed across all categories (taxes, credit cards, auto payments, and so on). Also, be aware that some "debt relief" is structured as a personal loan: you use the proceeds to pay off multiple accounts and consolidate what you owe into a single monthly payment. In that case, the ball is in your court and you won't necessarily get any financial coaching or have professionals working to renegotiate what you owe.
Which debt relief program is best for you? That depends on several factors, such as the type of debt you owe and how much, as well as your credit history and ability to qualify for a loan. Here are several features to keep in mind as you evaluate your options for debt relief:
- Approach. How does the debt relief provider help reduce or eliminate your debt? Some companies actually reach out to your creditors to get them to agree to a smaller payback amount, while others give you a loan so that you can pay off your debts on your own. It's worth considering multiple strategies to find the one that will be in your best interest.
- Fees. Will you pay anything for the debt relief plan being offered? If it's a personal loan used to clear debts, what will you pay in interest and origination fees?
- Reputation. What do other clients say about their experience with the debt relief service? Is the company trustworthy? Look for strong positive reviews from people who have actually used the program, as well as a good rating from the Better Business Bureau.
TopConsumerReviews.com has evaluated and ranked the most popular debt relief programs available today. We hope this information helps you get out from under your mountain of debt and gain the peace of mind that comes from knowing you're on the right track financially.
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