Debt Relief

Best Debt Relief Companies: Extended and Comprehensive Reviews to Help You Make a Choice!

Last Updated by T. Sadi on October 27, 2021

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. 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.

Do you want to go straight to the point? Here's a summary of our review of the 2022's best Debt Relief

1. CreditAssociates - A debt relief company that offers you a free consultation, debt settlement services, and a money-back guarantee in case they fail to settle your debt with all of your creditors.
2. Accredited Debt Relief - A reputable firm that helps consumers out of debt through debt settlement which is a process that aims to help settle the debt for less than what is owed. This firm offers free consultation and a money-back guarantee.
3. National Debt Relief - A top-notch debt relief company that offers different types of debt settlement services like credit card debt relief, personal loans, business debts, unpaid medical bills and much more.
4. Freedom Debt Relief - A debt settlement company that is accredited by the American Fair Credit Council and is based in Arizona.
5. First Choice Debt Relief - 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.

9. Fast Track Debt Relief: Your Fastest Solution

Minimum Debt Required

$10,000

Fees

N/A

Timeframe

12-36 months

Average Net Savings

30% without fees

Affects Credit Score

Yes

BBB Rating

N/A

Money-back Guarantee

No

Pros

Free evaluation and consultation

Live chat available

Can settle debts for 30% of the original amount

Cons

Doesn't disclose the fees

No major accreditations

Minimum of $10,000 debt required

Fast Track Debt Relief has been helping people get out of their debts in a process known as debt settlement since 1998. And other than debt settlement, they offer other programs, including debt consolidation loans that can help you with your overwhelming debt by lowering your interest rates and relieving your debts in up to 84 months.

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Read Fast Track Debt Relief full review

You can have a free consultation from Fast Track Debt Relief's specialists through phone to help you know and determine if Fast Track Debt Relief is the right company for you.
10. Progressive Debt Relief

Minimum Debt Required

N/A

Fees

N/A

Timeframe

N/A

Average Net Savings

N/A

Affects Credit Score

Yes

BBB Rating

NR

Money-back Guarantee

No

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

Progressive debt relief is an established company that started back in 2005, and they help you find a solution for your debts through a debt settlement. They mainly handle unsecured debt, especially payday loans, as they have established connections with most payday loan companies.

Find out how much you can save here!
Read our full Progressive review.

If you want to give them a try, you can fill out a form from their website, and you'll get a free evaluation. Afterwards, you'll be contacted to receive a free consultation.
11. American Debt Relief - The Top Debt Relief Company

Minimum Debt Required

N/A

Fees

15% - 25%

Timeframe

24 - 48 months

Average Net Savings

30% after fees

Affects Credit Score

Yes

BBB Rating

A+

Money-back Guarantee

No

Pros

You can track your progress in real-time

Free debt consultation

Cons

Does not disclose their fee amount

Not accredited with the Better Business Bureau

Only available in 31 states

American Debt Relief is a very reputable debt relief company that uses a program known as debt settlement to help clients erase debt after paying a part of what they already owe.

You get to talk to a debt consultant from American Debt Relief to get a free debt assessment. After getting your assessment, you will create a dedicated savings account to start depositing a certain amount of money each month. Later, when your money accumulates and you reach a certain threshold, American Debt Relief will use your money to settle your debts with creditors for a lesser amount than what you owe them.

Start Now With American Debt Relief
Read American Debt Relief full review

American Debt Relief is a member of the largest trade association for the debt settlement industry, the American Fair Credit Council (AFCC). And their debt settlement specialists are trained and accredited by the International Association of Professional Debt Arbitrators (IAPDA).
12. JG Wentworth Debt Relief : Let's Weigh Your options

Minimum Debt Required

$10,000

Fees

9%-15%

Timeframe

2-4 years

Average Net Savings

25% after fees

Affects Credit Score

Yes

BBB Rating

A+

Money-back Guarantee

No

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

For more than 30 years, JG Wentworth has been helping people solve their financial problems, pay off their debt, or just 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.

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JG Wentworth Debt Relief Review

Joining the JG Wentworth debt relief program requires a $10,000 minimum debt amount to join its debt relief program. However, this might not be an essential drawback since debt relief solutions aren't for everyone, and people with a small debt amount won't go for this option unless they run out of options.

Excited for more? Read JG Wentworth debt relief review.
13. Debt RX Review: How Helpful Are They?

Minimum Debt Required

$10,000

Fees

15% - 25%

Timeframe

24-48 Months

Average Net Savings

50%

Affects Credit Score

Yes

BBB Rating

A+

Money-back Guarantee

No

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

Debt RX will set you on the road to financial stability. It is A+ credited from the better business bureau, and with over 25 years of experience, it sure knows how to help its customers. It offers debt settlement and consolidation plans tailored specifically for your financial situation.

Call Debt RX Now!
Debt RX full review

Debt RX focuses on its customers like no other and helps them with their needs. They will help you reduce your interest rate, the total amount of debt you may owe, and lastly, reduce collector's harassment calls.
14. Elite Financial Services - Is It Really Elite?

Minimum Debt Required

$10,000

Fees

15% - 25%

Timeframe

12-36 months

Average Net Savings

N/A

Affects Credit Score

Yes

BBB Rating

A+

Money-back Guarantee

No

Pros

You get free debt analysis

You have access to your progress in real-time

AFCC member

Cons

Available only in 21 states

Pricing is not mentioned on the website

$10,000 minimum debt required

Elite Financial Services is an elite company specializing in providing financial aid for people who are struggling with debt. It has been helping people for more than ten years and is still helping people to this day.

Clients who use Elite's services can expect to get rid of their debt in as short a period as 12-36 months; its specialists have been trained and accredited by the International Association of Professional Debt Arbitrators (IAPDA).

Start Now With Elite Financial Services
Read Elite Financial Services full review

Elite Financial Services is also a member of the largest trade association for the debt settlement industry, the American Fair Credit Council (AFCC).
15. New Era Debt Solutions: Does It Serve You Well?

Minimum Debt Required

No minimum debt required

Fees

16% to 20% of enrolled debt

Timeframe

24 to 48 months

Average Net Savings

Between 36% and 40% after fees

Affects Credit Score

Yes

BBB Rating

A+

Money-back Guarantee

No

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

Since 1999, New Era Debt Solutions has settled more than $250,000,000 of debt and helped millions of clients to become debt-free. Choosing New Era solutions to relieve your debt allows you to reduce the amount you owe and make one and only low monthly deposits.

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New Era Debt Solutions Review

You can also ask for a free consultation through the website by providing some information, such as your first and last name, email address, state of residence, and the amount of the debt owed. It's a great advantage that New Era offers for its clients, making it even more trustworthy and transparent regarding its process and what it can offer.

Caught your attention? Read New Era Debt Solutions full review for more details.
16. CountryWide Debt Relief Review

Minimum Debt Required

10,000

Fees

N/A

Timeframe

12 to 48 months

Average Net Savings

25% to 30%

Affects Credit Score

Yes

BBB Rating

A+

Money-back Guarantee

No

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

CountryWide debt relief is a company that has been in operation since 2008, and they help their customers save money through debt settlements and consolidation. They are accredited by the American Fair Credit Council, AFCC.

Get your free consultation now!
Read our full review here

Take their free consultation to check out if you qualify for one of their services and if they are the company that can help you pay off your debts.