WASHINGTON, March 20, 2017 — Do you have a lousy credit score? Are you collapsing under the burden of your debt? There are a number of options available if you want to reduce your debt load back to a manageable amount. You can opt for debt consolidation, debt settlement or debt relief programs, or even turn to a non-profit debt counseling organization for help. If you’re ready to pay for the service, this article provides the names of and information about ten of the largest debt consolidation organizations.
Before you commit:
It is important to mention at this time the importance of doing thorough research before you settle on any single debt consolidation company. For starters, confirm that your chosen company is registered with the Association of Credit Counseling Professionals, Financial Counseling Association of America or the National Foundation for Credit Counseling.
In addition, consult information available at the Better Business Bureau (BBB) website to get accreditation records, ratings and reviews for debt consolidation organizations within your state. The organizations listed in this article all have valid BBB accreditation and currently are members of the American Fair Credit Council. The AFCC effectively serves as the debt settlement companies’ trade union, and it applies its own practices and standards before accreditation is given to a credit counseling organization.
- Clear One Advantage
If you live in Baltimore, Maryland, Clear One Advantage is a good place to begin. This debt relief company provides debt analysis for free and their debt management plans have no upfront costs. They can also help you to manage your unsecured debts such as medical bills and credit card debt with a 100 percent service guarantee.
- Freedom Debt Relief
Residents of San Mateo, California can turn to Freedom Debt Relief, a company that opened its doors in 2002 and offers a number of debt management programs through which it assists needy clients. Their services are not available across all states and fees may vary in different states. The organization begins by assessing your total debt, after which they will help you to save money when possible as well as negotiating with your creditors on your behalf to lessen amounts you may owe.
- National Debt Relief
National Debt Relief offers you free debt relief quotations if you have more debt than you are able to manage yourself. They are located in New York City, and they help their clients to reduce different kinds of debt including medical bills, credit card debt, repossessions, selected business debts and other forms of unsecured debt. Their main focus is on helping clients so that they are not declared bankrupt.
- Brite Solutions, Inc.
Brite Solutions, Inc. was founded in 2008. They offer free initial debt consultation, after which they will work with you to reduce debt obligations through negotiation with creditors. In addition, the company provides educational material on the meaning of debt consolidation as well as tips to help clients stay debt-free once their debts have been resolved. They also offer debt management programs that are characterized as being “performance-based.”
- Pacific Debt, Inc.
Located in San Diego, Pacific Debt, Inc. works with their clients to build a debt relief arrangement that allows them to pay an affordable single monthly installment according to their personal or family budgets. In addition, the company can work with you to help you assess and improve your spending habits to reduce the likelihood of falling back into unmanageable indebtedness.
- Accredited Debt Relief
This is another San Diego-based debt relief company, and their debt management programs feature no upfront costs. They offer free initial consultation and advice, during which you’ll be told that full debt resolution can take as long as 24-48 months depending on your level of indebtedness. Accredited Debt Relief is best known for its negotiating team that is reputed to be able to significantly reduce clients’ outstanding debts with various creditors.
- DebtHelp, Inc.
DebtHelp, Inc. has been in the market for over ten years. In that time, they have helped countless businesses and individuals resolve and manage their debts. They have helped clients consolidate and resolve more than $341 million in debt by implementing customized debt management plans.
- New Leaf Financial
New Leaf Financial is located in New York City. Just as their name suggests, their mission is to help clients turn over a new leaf in their financial lives. They also provide free initial consultation for debt assessment and focus on assisting clients to eliminate debt so they can concentrate on other important financial goals such as building a savings plan.
- RescueOne Financial
RescueOne Financial is a company that offers debt management and debt resolution programs. They can also provide you with debt consolidation loans of up to $80,000. They help their clients with creditor negotiation and resolution of current debt. In addition, they help you to create a plan for avoiding unmanageable debt in future.
- Timberline Financial
Located in New York, Timberline Financial pursues a strategy to help clients reduce their aggregate debt settlement installments by as much as 50 percent when possible. In fact, they will not collect any fees until they start delivering results for you. The company works with clients to create a repayment timeline according to the amount they can afford to raise every month.
If you’ve been in debt for years, you’re probably looking forward to the day you will be completely debt-free. Carrying unmanaged debt is not only draining on your finances and your financial flexibility. It can also create emotional strain for you and your loved ones. When you are operating under a heavy burden of debt, it is virtually impossible to set and meet any of your financial milestones, such as saving for and placing a down-payment on a new home or adequately preparing for your retirement. Luckily, as you can see be going through our list above, you have plenty of options if you’re looking to manage your debt.
Debt consolidation allows you to repay all your outstanding debts so you are left with a single, generally reasonable payment to make. As a result, your life becomes easier because you have just the one payment to think about every month and you will end up paying less in accrued interest over time.
But remember, before you begin to take action, check out the suggestions offered in this article and be sure to conduct additional thorough research online to learn which debt consolidation companies may be the best fit for your unique financial status and needs.