Banking & Insurance

Top 10 Best Debt Relief Companies of 2022

Best Debt Relief Companies

You can seek help from the best debt settlement companies if you’re having difficulty paying your bills or keeping up with your debt payments. 

The objective of a debt relief company is to reduce, cancel or settle your outstanding debts by negotiating with your creditors. Debt relief companies offer debt consolidation, debt management, and debt settlement options in addition to debt settlement. Companies that help consumers avoid bankruptcy and restore their credit are debt relief companies. It is the aim of most debt relief companies to reduce your debt by helping you negotiate a lower payment. Companies that offer these services always charge a fee, and some charge significant amounts. 

You might end up paying less than what you owe by using debt relief companies. Due to this, their strategy is also sometimes referred to as “debt settlement”. Their fees are fair, and their overall reviews are good. 

1. National Debt Relief: Best Overall 

Its overall rankings and reviews indicate that National Debt Relief is among the top debt relief companies in the country. It has been awarded numerous accolades for its debt settlement and debt consolidation services, including an A+ rating from the Better Business Bureau.

Consumers can call National Debt Relief and talk with debt counselors for free, and you can also use National Debt Relief to settle debt. The stated goal of National Debt Relief is to provide consumers with common-sense alternatives to bankruptcy that will allow them to get back on track and move forward.

2. New Era Debt Solutions: No up-front fees

New Era Debt Solutions maintains a legal staff to ensure compliance with federal and state law for every job done. The company was founded in 1999 and has helped clients settle over $250 million in debt. Its services are free of charge. Its plans are also free from monthly administration fees, and it only charges performance-based fees if results are achieved. 

3. Accredited Debt Relief: Free consultations

Due to its proven track record, outstanding reputation, and personalized debt relief programs, Accredited Debt Relief ranks among the top debt relief companies. Since 2011, Accredited Debt Relief has enrolled more than $3.5 billion in debts on behalf of over 140,000 active clients. It is based in San Diego and holds an A+ rating from the Better Business Bureau. A debt settlement company’s goal is to help you solve your debt problem as quickly as possible. They negotiate settlements with creditors for less than what you owe.

4. CuraDebt for Tax Debt Relief 

For people who need help settling IRS debt or back taxes, two forms of debt that many debt relief companies do not cover, CuraDebt offers a debt settlement option. CuraDebt works with IRS debts and back taxes unlike most debt relief companies. You can expect to pay 20% of total enrolled debt if you enroll with CuraDebt, although the fee range is not disclosed. Fees typically range between 15% and 25%.

5. High-interest credit card debt: DMB Financial

In terms of high-interest credit card debt, DMB Financial is best due to its dedication to helping consumers consolidate their debts into a more manageable monthly payment, which can be particularly helpful when it comes to growing debts with high interest rates. 

6. Freedom Debt Relief: Best Interactive Program

Free Debt Relief has helped more than 650,000 clients resolve over $10 billion in debt since 2002 and is one of the best companies in the industry. The majority of clients pay less than 50% of their debt. 

Freedom Debt Relief is based in California and currently employs over 2,000 highly trained professionals. The Better Business Bureau has awarded Freedom Debt Relief a B rating, which indicates that the company has earned accreditation from the American Fair Credit Council as well as the International Association of Professional Debt Arbitrators.

7. Citizens Debt Relief : Best for Consolidating Debt

Citizens Debt Relief was founded in 2017 by a team of debt experts in New York City with the objective of providing one-on-one debt settlement services for people who fall behind on their credit card payments. It has also earned accreditation from the American Fair Credit Council and an A rating from the Better Business Bureau during this short period.

8. Pacific Debt Inc

Pacific Debt Inc. has been in business since 2002 and settled over $300 million worth of debt. The Better Business Bureau gives it an A+ rating while Trustpilot gives it a rating of 4.8 out of 5. Pacific Debt is also a member of the AFCC, as are other companies on our list. This company operates in 29 states.

9. Green Path 

GreenPath, a non-profit company that offers debt relief, has transparent pricing and a wealth of educational resources on their website. Furthermore, depending on where you live, you may have the option of meeting in person with a counselor. In contrast with the other companies on this list, GreenPath offers credit counseling and debt management plans for its clients. As you repay everything you owe at a potentially reduced interest rate, these debt relief services cause less damage to your credit than debt settlement.

10. Century Support Services

The Better Business Bureau gives Century Support Services an A+ rating, and Trustpilot gives them 4.6 out of 5 stars. Over 250,000 customers have used its services, and more than $1.3 billion in debts have been settled. The process of debt settlement with this company typically takes between 24 and 48 months.

A client’s account and progress can be managed online 24 hours a day, 7 days a week, through a dashboard. On its website, Century also provides valuable information and resources. Furthermore, there is a live chat feature, and customers can contact the company via email.

Final Verdict : 

For consumers who can’t seem to change their circumstances otherwise, seeking out help to settle debts can be a daunting task. You should spend some time carefully comparing your options if you find yourself in this situation.

Also Read: SBI reveals names of 10 new wilful defaulters, an outstanding debt 1500 Crores

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