If you resort to Debt Relief companies, you could get several services including forgiving a portion of the debt’s principal, lowering the interest rate, or consolidating several debts into a single loan which plays a huge part in lowering the overall interest that you pay for each debt alone.
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Top Debt Relief Companies in 2023
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Best Debt Relief Companies: Extended and Comprehensive Reviews to Help You Make a Choice!
Debt relief is a process that you resort to in order to reduce or refinance your debt and make it easier to pay it off without having your debt double over the years.
Find the Best Companies in Debt Relief
ClearOne Advantage stands as one of the nation's prominent debt relief firms, dedicated to aiding individuals grappling with unsecured debts. These unsecured debts encompass various financial obligations, such as credit card balances, medical expenses, and personal loans. Their core objective revolves around guiding clients toward a debt-free future through meticulously customized settlement programs. ClearOne Advantage distinguishes itself in the industry through its sterling reputation, offering tailor-made solutions tailored to each client's unique financial circumstances. Their unwavering commitment to privacy and legal compliance ensures that clients receive professional and secure assistance throughout the settlement journey. Additionally, ClearOne Advantage boasts accreditation from esteemed organizations like the International Association of Professional Debt Arbitrators (IAPDA) and the American Fair Credit Council (AFCC), cementing their credibility and reliability.
Pros
100% money-back guarantee
The company only gets paid if it saves the client money
Each customer has one debt consultant assigned to them
Cons
Only work with customers who have unsecured debt
Lack of transparency
You have to have a minimum of $10,000 in debt to qualify for debt settlement
Affects credit score
- Not AvailableAverage net savings
- 50%BBB Rating
- A+Your road to financial stability. Debt RX will provide you with your best debt settlement options while laying out a personalized plan for you.
Pros
No upfront fees
Free consultation
Reduces your interest rate
Cons
Not available in every state
May impact your credit score
Requires a minimum $10,000 of unsecured debt
Affects credit score
- Not AvailableAverage net savings
- 25% to 35% after feesBBB Rating
- A+Has simple criteria to help you pay off your unsecured loans. All it takes is to open a dedicated savings account, start making monthly payments to the account, and wait as the debt relief company negotiates with the creditor.
Pros
No upfront fees required
Free fees calculator to help you weigh your options
Clients dashboard to track their debt relief process
No fees required if the creditor refused to settle
BBB A+ accredited business
Cons
Fess aren't clearly stated on the website
Debt relief options aren't explained on the website
Affects credit score
- Not AvailableAverage net savings
- 50%BBB Rating
- A+One of the largest debt relief (debt settlement) companies in the US. It offers many debt relief services to help people settle their debts.
Pros
Great customer service
You can track your progress in real-time
You can get rid of your debt in a shorter time
Cons
Support is only during the weekdays
Fees are not stated clearly
You have to have a minimum debt of $10,000
Affects credit score
- Not AvailableAverage net savings
- N/ABBB Rating
- NRA debt relief company that handles unsecured loans through debt settlement. they've been in the industry for over a decade and have established relations with well-known creditrs.
Pros
Accepts most types of unsecured debt
No upfront fees
Client portal available 24/7
Cons
Fees are not disclosed
No customer supports on weekends
Timeframe is not disclosed
Affects credit score
- Not AvailableAverage net savings
- Between 36% and 40% after feesBBB Rating
- A+It has settled more than $250,000,000 of debt and helped millions of clients to become debt-free.
Pros
No upfront settlement fees
Relatively low monthly deposit
Reduced interest rate and debt balance
BBB A+ accredited business since 2001
Available in 43 different states
Savings calculator is available to know how much it will take to pay off your actual debt
Cons
Limited customer support options
Potential litigation and hits to credit score
Affects credit score
- Not AvailableAverage net savings
- 25% after feesBBB Rating
- A+A debt relief company helps people solve their financial problems, pay off their debt, or reduce their balance. All it requires is to fill in the contact form providing JG Wentworth with written consent to contact you and find the best debt relief solution for you.
Pros
Free consultation is available
BBB A+ accredited business
Member of the Association of Family and Conciliation Courts (AFCC)
Relatively low fees compared to other debt relief companies
Cons
Does not serve all 50 states
Possible consequences such as negative credit score impact
Affects credit score
- Not AvailableAverage net savings
- N/ABBB Rating
- A+Free counseling to get you started, and great plans to settle your debt.
Pros
Free counseling sessions
Friendly staff
Highly rated by the Better Business Bureau (A+)
Services all 50 states
Cons
Limited physical locations
May impact your credit score
Additional fees may apply
BBB Rating
- A+Cancelation
- You can cancel at any timeCustomer Service
- Phone, email, live chat, mobile app, help guidesAn authentic credit repair company that works on removing errors and information reported without following due process.
Pros
Bilingual services available
Financial management tools are included with all credit repair packages
Credit monitoring comes as a standard service
Cons
No 24/7 phone support
Basic credit repair package only includes one credit dispute
High initial fees
No money-back guarantee
No mobile app
Affects credit score
- Not AvailableAverage net savings
- 25% to 30% BBB Rating
- A+CountryWIde is an established debt relief company that has been operating since 2008. They help their customers pay off their debts through settlement or consolidation so that you can be debt-free.
Pros
Accredited by American Fair Credit Council
No-risk free consultation offered
Accepts bad credit
Cons
Fees not disclosed
No client dashboard
No mobile app
