5 Best Debt Relief Companies Of 2018

We've researched and compared 34 debt relief companies to find the top 5 accredited services for helping you settle and consolidate your debt. Get expert help with paying off your credit cards and other unsecured debt, and become debt free within 24-48 months.

2018 Best Debt Relief Services in America

2018's Top 5 Debt Relief Services

1
Most Debt Resolved
Overall Rating

4.9

Overall
Rating
4.9

Freedom Debt Relief

  • Resolved over $9 billion in debt for clients since 2002 (#1 in the industry)
  • Consolidate your debts into one low monthly program deposit
  • $0 upfront fees to start
  • 100% free no-obligation personalized debt consultation
  • Over 615,000 clients enrolled (highest across all competitors)
  • Absolutely no fees are charged until you see results
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2
Overall Rating

4.6

Overall
Rating
4.6

Accredited Debt Relief

  • A+ accredited by the Better Business Bureau (BBB)
  • 100% free personalized debt consultation
  • Partnered with the top debt relief companies in the US
  • Track record of proven results dealing with creditors
  • Online dashboard to view progress in real time
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3
A+ BBB Rating
Overall Rating

4.4

Overall
Rating
4.4

Consolidated Credit

  • Reduce total credit card payments by up to 30-50%
  • No negative impact on your credit score & no minimum credit score requirement
  • A+ BBB accredited credit counseling and debt management company
  • Has helped over 6.5 million people in 25+ years in business with $2+ billion of debt
  • 100% free consultation with certified financial counselors
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4
Overall Rating

4.2

Overall
Rating
4.2

Pacific Debt Inc

  • A+ accredited by BBB
  • $0 upfront fees (you only pay for performance)
  • 16 years of experience and tens of thousands of clients helped
  • Personal account manager guidance through the debt negotiation process
  • Settled over $200 million in debt for clients
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5
Overall Rating

3.9

Overall
Rating
3.9

DebtAway

  • May resolve your debt in 24-48 months
  • Free no-risk initial consultation
  • Accredited debt relief service
  • Option to consolidate negotiated lower debts into one affordable payment
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Repair Your Credit Reports

With a top-ranked credit repair service you get:
  • credit-reportEasy-to-read credit reports and personalized score insights
  • tool-tipTools & tips to help you understand your score and take the next step
  • timerFree credit monitoring that can help you spot potential identity theft

5 Things To Look For In A Debt Relief Company

Not sure how to go about choosing a debt relief service? Here is what to look for:

Program Transparency

While looking for a debt relief company, your first thought is to look at their pricing. After all, you are looking to reduce your debt without adding any more expenses. Unfortunately, many companies in the debt consolidation and settlement industry do not provide a whole lot of transparency on their website in regards to their pricing and terms, something which we believe should be easy to find.

While many websites do have a debt calculator that gives you an estimate, the following debt relief services go above and beyond when it comes to transparency regarding prices, terms, and frequently asked questions.

  • Freedom Debt Relief: Freedom Debt Relief prominently displays a complete step-by-step explanation of how their customizable program is designed to resolve your debt for significantly less than you currently owe (and as quickly as possible). Freedom Debt Relief even directly compares their program to 5 other debt strategies (like bankruptcy and debt consolidation) and clearly maps out the pros and cons of each, so you can fully understand why debt settlement may be the best option for you.
  • Accredited Debt Relief: As its name suggests, this highly accredited debt relief service not only works with bankruptcy, debt consolidation, debt management, and debt settlement, but they also have a page of detailed FAQs regarding program time, taxes on forgiven debt, how to work with creditors, and more.

Pricing And Fees

"What is the cost to reduce my debts?" This is probably high on the list of requirements when you are searching for a debt relief company.

Debt consolidation and settlement companies should never charge upfront fees and should only bill a customer after they negotiate, settle, reduce, or change the terms of one of the debt accounts. In the case of settlement, some companies may charge a monthly "maintenance" fee for a separate savings account used to eventually pay off your debts, which is legal but a fact that many consumers and experts believe is unethical.

Fees for debt consolidation and debt relief generally range from 15-25% of enrolled debt. For a 100% free quote and to speak with a certified debt consultant, we recommend contacting Freedom Debt Relief, our top rated pick for debt settlement.

Industry Accreditations

One way to ensure that you are working with a credible debt relief service is to look at the accreditations. The majority of reputable services are FTC compliant and hold accreditations from the IAPDA (International Association of Professional Debt Arbitrators), AFCC American Fair Credit Council), and the BBB (Better Business Bureau).

Debt relief services that are accredited by the BBB, AFCC, and IAPDA include Freedom Debt Relief, Accredited Debt Relief, National Debt Relief, and DebtAway Relief.

Time In Business

Debt relief is not a simple process, so a company with extended industry experience and a track record of success proves that it is a reputable service you can trust with your money.

Some companies with over 10 years in the business include:

Customer Service and Reviews

When choosing a debt relief service, it is always a good idea to check customer service and reviews to determine how a company really treats their clients. You can check the BBB (Better Business Bureau), Yelp, Google, or Trustpilot to see if actual clients rated the business positively or negatively. Some important questions to ask are:

  • Are they easy to contact and do they respond quickly to any questions or concerns I have?
  • Furthermore, do I have an account manager or someone I can contact 24/7 by phone, email, or live chat?
  • Do they inform me of any changes during the debt relief process?
  • Do they have an online portal or mobile app that allows me to check any progress?
  • Do they have additional tools like educational blogs and resources to assist me in the future?
  • Are the financial experts qualified and how many years of experience do they have?
  • Do they have ethical practices? Avoid companies that ask you to pay up front, since that practice is banned by the FTC.

Here are a few debt relief companies that have many rave reviews and satisfy all of the above criteria: Freedom Debt Relief, Accredited Debt Relief, and National Debt Relief.

These guidelines can help you pick the right debt relief company to set you on the best path to a debt-free life. A new financial future is right around the corner.