The following article will introduce you to 7 of the best debt relief companies. By the time you are reading, you will have a better understanding of which companies are credible and which ones should be avoided.
As 2008 comes to an end, the US economy is spiraling out of control. The ripple effect has spread throughout the world and it is no longer a matter of if, but when the global economy will actually collapse.
In the midst of this crisis, many individuals are forced to face incredibly difficult decisions. One of the most difficult choices that someone can face is what to do about outstanding debts.
Debt relief companies have been springing up, and while some of them will actually help you reduce or eliminate your debt, others are predators looking to make a quick buck.
There is an abundance of information on the web about debt relief, but how do you know which companies are reputable and who to trust?
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What is the Best Debt Relief Company?
Here are the best debt relief companies:
1. American Consumer Credit Counseling.
American Consumer Credit Counseling is a non-profit organization that has been helping thousands of individuals with their debt problems for over 25 years.
ACCC has helped Americans reduce their credit card debt by $3 billion, and was recently awarded the National Free Award by the US Government for its success in helping people eliminate debt.
What really sets them apart from other companies is that they help you consolidate your debts into one payment. This allows consumers to save a lot of money on interest and is a feature that most companies just don’t offer.
ACCC also provides free educational materials to its customers, so you can get help understanding your debts, and learn how not to make the same mistakes in the future.
Another unique feature is the Save My Home program, which allows you to lower your monthly mortgage payments in order to make them more manageable.
2. National Debt Relief.
National Debt Relief has helped more than 30,000 Americans reduce their debt, and is one of the largest consumer debt relief companies in the United States.
They make it easy for you to get started, by giving you a free consultation over the phone with an experienced Certified Debt Specialist who will review your debts, set up payment plans that are customized to meet your needs, negotiate with creditors on your behalf, and help you understand your debts.
Their staff is also accessible 24 hours a day 7 days a week, which means that you can always speak with someone who is highly qualified to answer all of your questions.
3. Freedom Debt Relief.
Freedom Debt Relief has helped over 10,000 consumers eliminate $120 million in debt since its inception.
What makes Freedom Debt Relief different than its competitors is that it can help you eliminate all of your debts, no matter how large or small. Some companies only offer debt relief for a select few types of debt, but Freedom will work with you to consolidate all of your debts into one monthly payment.
They have also built a solid reputation for helping clients reduce interest rates on their credit cards, which not only saves them money but also helps to increase credit scores.
Freedom Debt Relief is one of the most well-known debt relief companies out there, and they are often featured in newspapers, radio shows, and financial magazines. Lastly, they offer a 100% free consultation with an experienced Certified Debt Specialist, which will help you determine the best course of action for your financial situation.
4. FreedomPlus Financial.
FreedomPlus Financial has helped thousands of Americans eliminate their debt by providing customized solutions to their individual needs.
If your mortgage is owned by Sallie Mae, FreedomPlus can consolidate all of your outstanding debts into one monthly payment, and negotiate with Sallie Mae to reduce your interest rate.
If you are having trouble making your mortgage or car payments, FreedomPlus can also modify or refinance existing loans in order to help make them more manageable.
When you call Freedom Plus Financial, you will be put in touch with an experienced Certified Debt Specialist who will review all of your debts with you, and create a personalized plan that will not only save you money but also help you to improve your credit score.
5. National Debt Relief.
National Debt Relief is a debt relief company that offers debt settlement services to individuals and families struggling with unsecured debts such as credit card debt, personal loans, and medical bills. The company was founded in 2009 and has helped over 100,000 clients resolve their debt issues.
National Debt Relief works with creditors on behalf of their clients to negotiate debt settlements that are typically less than the total amount owed. Clients make monthly payments into a dedicated account until a sufficient amount has been accumulated to settle the debt. National Debt Relief charges fees for their services, but these are only collected once a settlement has been reached and the client approves the settlement terms.
The company has received numerous positive reviews from clients and has an A+ rating with the Better Business Bureau. National Debt Relief also offers a money-back guarantee if a client is not satisfied with the services provided.
6. Freedom Debt Relief.
Freedom Debt Relief is a debt relief company that specializes in debt settlement services. The company was founded in 2002 and has helped more than 750,000 clients resolve their debt issues.
Freedom Debt Relief works with creditors on behalf of their clients to negotiate debt settlements that are typically less than the total amount owed. Clients make monthly payments into a dedicated account until a sufficient amount has been accumulated to settle the debt. Freedom Debt Relief charges fees for their services, but these are only collected once a settlement has been reached and the client approves the settlement terms.
The company has received positive reviews from clients and has an A+ rating with the Better Business Bureau. Freedom Debt Relief also offers a money-back guarantee if a client is not satisfied with the services provided.
In addition to debt settlement services, Freedom Debt Relief offers debt counseling and debt consolidation services to help clients manage their debt and improve their financial situation. The company provides free consultations to help clients determine the best course of action for their specific financial situation.
7. Greenpath Debt Solutions.
Greenpath is one of the nation’s leading credit repair organizations, and they have helped thousands of consumers to repair their broken credit for free.
They are committed to helping all consumers improve their financial situations, which is why they offer an extensive Credit Improvement Program that includes access to a number of valuable resources. This program is designed to help you repair your credit, and increase your overall financial literacy. This could qualify you for a home loan or auto loan with lower interest rates in the future, which can save you money over time.
In addition, Greenpath wants to help consumers get out of debt faster so they have developed a Debt Improvement Program that can help you reduce your debt by up to 50% in some cases.
If you only make the minimum payment on your credit card each month, then they can provide you with solutions that will help you pay off your debts faster.
The bottom line
Debt can be overwhelming, and stressful, and can take a toll on your overall financial health. Fortunately, there are companies that specialize in debt relief that can help you navigate your financial situation and get back on track. In this article, we have highlighted the seven best debt relief companies in the industry.
These companies offer a range of debt relief services, including debt consolidation, debt settlement, credit counseling, and bankruptcy services. They have proven track records of success in helping individuals and families to reduce their debt and improve their financial situations.
When choosing a debt relief company, it’s important to do your research and select a reputable and trustworthy organization. The companies highlighted in this article have been vetted and reviewed based on their reputation, customer service, and success rates.
It’s important to note that debt relief services are not a one-size-fits-all solution. Each individual’s financial situation is unique, and the best debt relief option for you may vary depending on your circumstances.
