Debt Relief is more important now than ever before. Across the country, millions of people are finding it more and more difficult to meet their financial obligations. As mortgage interest rates rise, Adjustable Rate Mortgage (ARM) payments skyrocket. Credit card late fees continue to climb higher. Lenders keep offering credit to people who are in desperate need of help, but this only prolongs the problem, and often ends up simply increasing the total debt owed by a person.
Thankfully, there are a number of opportunities available if you find yourself in this situation. Debt Negotiation, Debt Settlement, Repayment plans, and Debt Consolidation are just some of the options you can pursue. However, not all debt relief companies and plans are the same. You need to find the right debt relief solution, and just as importantly, the best debt relief company, to work with in order to address your financial needs.
Monday, August 2nd
National Debt Relief is our top rated debt relief company. They are BBB Accredited, in business since 2009, and they've helped over 100,000 customers get out of debt. If your debt load is $7,500 or more, National Debt Relief is a great place to start.
Credit.org is a non-profit service with a 45-year plus history of excellence and integrity. Best of all, their financial coaching is available at absolutely no charge. It is important to understand how Credit.org is different than other companies in the space. Credit.org provides an entirely free personal financial review along with an action plan that empowers you to make smarter decisions about your options to become debt free. Additionally, they can help you reduce your debt through personalized plans (where they may have the ability to reduce the interest rates you pay).
The experts at CuraDebt can offer a comprehensive solution to address your debt issues. Their counselors are well-versed in debt settlement, debt consolidation, tax debt relief, and more. Specializing in individuals with $10,000 or more in unsecured debt, CuraDebt offers many options, from the start to the debt free end.
Upstart is a professional and organized social lending platform focused on helping people achieve their financial goals. Their loan process is quick and efficient and considers many factors including your education, job history, and credit score. With a solid reputation for success, customers can find answers to many of their financial questions because the site clearly describes how their loans work. They also provide education for those seeking guidance for future financial endeavors.
SoFi (pronounced "SEW-fi", as in "SOcial FInance") is one of the newest sources of consolidation loans on the market. Their straightforward application process, user-friendly website, and lack of fees make them a very strong contender. We were especially impressed by their unemployment protection feature, which can allow members to suspend repayments on a loan when they lose their jobs. SoFi is definitely a lender to consider if you're looking for a consolidation loan.
While LendingTree does not fund debt relief loans itself, it does connect borrowers with a wide range of potential lenders and allows customers to negotiate directly with those lenders if they wish. Many of those lenders work with people who have less-than-perfect credit, making LendingTree a great place for researching debt relief loans.
LendingClub used to crowdfund all of their debt relief loans through investors. But, after undergoing some changes, their lending is now structured more like a regular bank. They offer fixed-rate loans for debt relief with repayment terms of at least 36 months, and recent customer feedback is almost universally positive. You should have a good experience if you choose to get a debt relief loan here, but we're holding back a higher recommendation until the BBB provides an updated rating for LendingClub.
CareOne Debt Relief Services offer professionally run, quality programs. If you have total unsecured debt from $2,500 and up, this is an excellent option to pursue.
American Debt Enders educates as well as provides viable, upfront, solutions to reducing your debt. Their free credit counseling service is informative even if you decide not to go with them. We liked the speed at which they work to negotiate your outstanding debt.
Accredited Debt Relief is a referral service that is partnered with a large network of debt relief companies. At the time of our review, they maintained an A+ rating with the Better Business Bureau and had an outstanding track record for customer satisfaction. We would have liked to see more information about the typical fees charged by their partners, as well as a list of states where Accredited Debt Relief is allowed to operate.
OneMain brings to the table a long history of providing debt relief loans and a strong BBB rating. However, the website lacks important details and we found numerous accounts of expensive interest rates and fees.
Savvy Money has a unique approach for improving your finances without damaging your credit. The online calculator is interesting to use, but the advice given is pretty simple. Is it worth the monthly fee?
Debt Consolidation Care lacked the professionalism and training that we look for in companies that take over someone's financial future. The website was out of date and very busy - void of the specifics of their services and attention to customer service.
Fast Track Debt Relief offers one debt settlement service for both business and personal debt. While the website was bright and attractive, it lacked the transparency we like to see related to fees and program specifics. We found several customer complaints related to Fast Tracks inability to successfully negotiate down debt but still taking fees, leaving the customer worse off than before.
With all the debt-related offerings available, it can sometimes be confusing when examining the different debt relief programs and companies. When comparing your debt relief options, there are a number of important features you should consider. Some of these include:
TopConsumerReviews.com has reviewed and ranked the best debt relief programs available today. We hope these reviews help you in your quest to become debt-free!
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