Top 10 Resources That Offer Help to Consolidate Debt

Consolidating debt can be a crucial step in managing your finances and achieving financial stability. With various options available, it’s essential to choose the right resource that aligns with your unique financial situation. Here are the top 10 resources that offer help to consolidate debt, each providing different services to cater to your specific needs.

Key Takeaways

  • National Debt Relief offers customized debt consolidation plans tailored to individual financial situations.
  • Freedom Debt Relief provides a comprehensive approach to debt settlement and consolidation, including personalized support.
  • Accredited Debt Relief focuses on negotiating with creditors to reduce the total amount of debt owed, making it easier to manage.
  • CuraDebt specializes in providing debt relief solutions for both individuals and small businesses, including tax debt relief.
  • Pacific Debt offers one-on-one consultations to create personalized debt consolidation plans and negotiate with creditors on your behalf.

National Debt Relief

National Debt Relief is a debt settlement company that has been assisting individuals since 2009. The company is based in New York City and is BBB accredited since 2013. The qualifying standard for their program is at least $7,500 of debt. Clients open an escrow account and make monthly payments to that account instead of to their creditors. When the balance reaches a sufficient level, National Debt Relief negotiates with individual creditors to accept less than what is owed. If a settlement is reached, the debt is paid from the escrow account.

Services Offered

  • Debt Settlement

Time Frame for Solution

  • 24-36 months for settlement

Minimum Debt

  • $7,500


  • 18%-25% of amount settled

Interest Rate

  • N/A

BBB Accredited

  • Yes, since 2013

If National Debt Relief can’t help you, it can offer referrals to partners for things like credit counseling and debt consolidation loans.

Freedom Debt Relief


Freedom Debt Relief helps people with many types of unsecured debts, including payday loans and private student loans. The services offered by Freedom Debt Relief can be expensive because, if negotiations are successful, it charges a percentage fee of your initial debts, rather than of the amount of settled debt. However, the company does have a program guarantee which limits the fees the company charges in some cases.


Freedom Debt Relief offers a free consultation to go over your financial details. The company doesn’t charge any fees upfront, but it does require you to open a savings account with a third party. Most debt relief companies don’t mention the costs with this account, but Freedom Debt Relief does: There’s a one-time $9.95 setup fee, plus a $9.95 monthly charge.

Program Guarantee

Freedom Debt Relief’s program guarantee ensures customers won’t pay “more than the total amount of debt you enroll in [their] program.” However, since debt settlement often causes your outstanding balances to swell due to late fees and interest charges, that amount may be more than you expected.

Company Background

Freedom Debt Relief has been in business since 2002, and is based in San Mateo, California. One of the more popular companies operating in the debt relief space, Freedom Debt Relief claims to have helped over a million customers shed a collective $18 billion in debt in the 20 years it’s been operating. Those customers have left a lot of helpful breadcrumbs about working with the company, and they’re largely positive. Freedom Debt Relief has a 4.6-star rating on Trustpilot.

Accredited Debt Relief

Accredited Debt Relief, founded in 2011 in Houston, TX, is renowned for its exceptional customer service. Accredited Debt Relief has stellar ratings on BBB and Trustpilot, with 4.7 and 4.9 stars on Trustpilot, respectively. The company offers debt settlement services, charging a fee of 25% of the settled debt. However, it does not provide debt management plans. The minimum debt required to qualify for their services is $10,000.

Pros & Cons


  • Excellent customer service availability
  • Good customer reviews


  • Services are only available in 30 states and the District of Columbia
  • No debt management plans

Fees & Costs

Accredited Debt Relief charges a debt settlement fee of 25% of the settled debt. This fee structure is competitive within the industry, ensuring clients receive value for their investment.

Service Availability

While Accredited Debt Relief’s services are only available in 30 states and the District of Columbia, these include the most populous states like California, Florida, New York, and Texas.

Additional Services

Accredited also offers debt consolidation loans if that is determined to be a better course of action for the client.

Accredited Debt Relief partners with clients to provide settlement options that can help them become debt-free in 2-4 years by reducing their monthly payments by 40% or more.


CuraDebt is a well-regarded option for those seeking debt relief, particularly for tax debt. It is our highest-rated company for tax debt relief, available in all 50 states. However, its broader debt settlement plans are offered in only half as many states.

Services Offered

CuraDebt specializes in debt settlement services. There are no upfront fees, and you will stop making payments on your debts, instead making monthly payments into a third-party account to build up a settlement fund. If CuraDebt successfully resolves any of your debts, it will charge a settlement fee of 15% to 25% of the initial amount of those debts.

Fees & Costs

All inquiries into CuraDebt’s services start with a free consultation. CuraDebt offers flat fee pricing for its tax debt assistance services, although it doesn’t specify the exact costs.

Customer Support

CuraDebt offers limited customer support hours from Monday to Friday, plus Saturday. Despite this, it remains relatively accessible with live online chat via the website. Customer reviews from Trustpilot (3.3 out of 5) and BBB (4.8 out of 5) are generally positive.

CuraDebt’s debt settlement services are the main draw, and as with all other debt settlement companies, there are no upfront fees.

Pacific Debt

Pacific Debt Relief offers a specialized service in debt settlement, charging fees that range from 15% to 25% of the settled debt. Debt settlement fees are among the lowest of companies reviewed, making it a cost-effective option for many. However, it requires a minimum debt of $10,000 to qualify for their services.

Pros & Cons


  • Debt settlement fees are among the lowest of companies reviewed
  • 20+-year company history (founded in 2002)
  • Excellent customer satisfaction ratings


  • Requires at least $10,000 of debt
  • Only available in 28 states and D.C.
  • Limited customer service support hours

Customer Reviews

Judging by online customer reviews, Pacific Debt Relief has built up quite a positive reputation among debt relief companies. Nearly 1,500 people have given Pacific Debt Relief an average score of 4.7 stars out of 5, for example, and its reviews with the Better Business Bureau (BBB) are higher yet: 4.93 stars out of 5, based on a similar number of reviews.

Fees & Costs

All customers start with a free consultation with Pacific Debt Relief. After a review of your finances and your debt, Pacific Debt Relief may offer you a contract if it decides to offer its services to you. You’ll need to stop paying your debts and instead pay into a third-party savings account (which may come with additional, unspecified fees). Pacific Debt Relief will use those funds to negotiate a debt payoff settlement. If it’s successful, it’ll charge you 15% to 25% of any settled debts.

New Era Debt Solutions

New Era Debt Solutions stands out with the highest customer reviews and ratings among top debt relief companies. Over 350 people have given New Era a 4.9-star rating on Trustpilot, and dozens more have provided similar ratings on Google and the BBB.

Fees & Costs

Initial consultations with New Era are free. If you decide to proceed with their service, you will open a third-party savings account to serve as an escrow account. Monthly payments into this account may incur initial and monthly fees. If New Era successfully negotiates with your creditors, they will charge a settlement fee ranging from 15% to 23% of your initial debt.

Services Offered

  • Debt Settlement: Yes
  • Debt Settlement Fee: 15% to 23% of initial debt
  • Debt Management Plans: No
  • Minimum Debt Required: $10,000

Pros & Cons


  • Highest customer satisfaction ratings among top-ranking companies
  • Relatively low fees
  • Claims to reduce debts by 57% on average


  • High minimum debt requirement of $10,000
  • Charges based on initial debt, rather than settled debt
  • Not available in Maine, Oregon, and Iowa

New Era Debt Solutions has a more than 20-year track record of settling debt for less, having been founded in 1999.

DebtWave Credit Counseling

DebtWave Credit Counseling offers a comprehensive approach to managing and consolidating debt. Their services are designed to help individuals understand their financial situation and develop a tailored action plan. Credit counseling is a free or low-cost option that helps consumers get a better handle on their debt. Often offered by nonprofit organizations or agencies, you’ll be partnered with a credit counselor who will review your finances to help you find debt relief solutions.

Debt Consolidation Program Options

DebtWave provides various debt consolidation program options to suit different needs. These programs are aimed at reducing the overall debt burden by consolidating multiple debts into a single, manageable payment plan. This approach not only simplifies the repayment process but also often results in lower interest rates and fees.

Business Debt Solutions

DebtWave also offers business debt solutions to help small and medium-sized enterprises manage their financial obligations. These solutions are tailored to the specific needs of businesses, ensuring that they can continue to operate smoothly while addressing their debt issues.

Credit Counseling Services

In a credit counseling program, a certified financial expert will take an in-depth look at your finances and offer steps to improve your situation. For instance, they may recommend a debt management program where the credit counseling organization would develop a payment plan with your lenders for you. The most reputable organizations are nonprofits and don’t charge exorbitant fees for their services.

DebtWave Credit Counseling is committed to providing personalized and effective debt relief solutions, ensuring that clients can achieve financial stability and peace of mind.

GreenPath Financial Wellness

GreenPath Financial Wellness is a non-profit organization dedicated to helping individuals manage their personal finances. They offer a wide range of resources for managing your personal finances, including budgeting, saving, building credit, and paying off debt.

Services Offered

GreenPath provides several services to assist with debt consolidation and financial management:

  • Debt management plans: $0 to $45 to enroll, $0 to $45 per month
  • Credit health plan: $65 for individuals and $85 for couples for an in-depth look at your credit score and to develop a comprehensive plan to improve it over time.
  • Financial coaching: $10 per month for a yearly check-in, on-demand access to a counselor, and other financial tools
  • Financial health plan: $95 for an in-depth, holistic planning session to go over your budget, debts, credit, and savings

Additional Support

GreenPath also offers free support in areas such as student loan counseling, disaster recovery counseling, and foreclosure and eviction counseling. This makes them a versatile option for those seeking comprehensive financial assistance.

GreenPath has a wide range of resources for managing your personal finances. Learn to budget, save, build credit, and pay off debt.

InCharge Debt Solutions

InCharge Debt Solutions is a nonprofit organization that offers debt consolidation services. A credit counselor asks questions about your income and expenses to see if you qualify for a debt management program. If you enroll, you agree to have InCharge debit a monthly payment, which will then be distributed to your creditors in agreed-upon amounts. In return, credit card companies agree to lower interest rates to around 8%, sometimes even lower, resulting in lower monthly payments.

Services Offered

  • Debt Management Plan
  • Free Budget Counseling

Minimum Debt

  • $1000

Time Frame for Solution

  • 36-60 months


  • Monthly fees average $33
  • Setup fees vary by state, with a maximum of $75

Interest Rate

  • N/A

BBB Accredited

  • Yes

InCharge has to give the best financial advice. It is required by law, and in the interests of InCharge and its counselors to do the best it can for anyone seeking help.

A study by researchers at The Ohio State University reported that those who receive credit counseling reduced credit card debt by an average of nearly $6,000 in the first 18 months.

Consolidated Credit

Consolidated Credit has been a significant player in the debt relief industry since 1993, helping over 10 million people find debt relief through credit counseling and debt consolidation. Their expertise in the field is well-recognized.

Services Offered

Consolidated Credit offers a range of services to assist individuals in managing their debt. These include:

  • Credit counseling
  • Debt consolidation
  • Financial education

How It Works

Credit consolidation companies like Consolidated Credit work by finding an affordable way for consumers to pay off credit card debt while still having enough money to meet basic necessities like housing, food, clothing, and transportation.


The benefits of using Consolidated Credit include:

  • Personalized evaluation from certified debt consultants
  • No upfront fees
  • Assistance for those with less than stellar credit scores

With over 10 million people helped since 1993, Consolidated Credit can help you find debt relief through credit counseling and debt consolidation.


While Consolidated Credit offers numerous benefits, it is important to consider that some borrowers have reported high loan interest rates. However, the company remains a viable option for those seeking debt relief solutions.


Consolidated Credit is accredited by the American Fair Credit Council, ensuring that they adhere to high standards of service and ethical practices.

Consolidated Credit offers comprehensive solutions to manage and reduce your business debt effectively. Visit our website to explore how we can help you achieve financial stability and success.


In conclusion, consolidating debt is a multifaceted process that requires careful consideration of various options and resources. The top 10 resources outlined in this article provide a comprehensive guide to navigating the complexities of debt consolidation, from online platforms and credit card refinancing to nonprofit organizations and specialized loans. Each resource offers unique benefits and potential drawbacks, making it essential to evaluate them based on individual financial situations and goals. By leveraging these resources, individuals can make informed decisions to effectively manage and reduce their debt, ultimately achieving greater financial stability. It is crucial to seek professional advice and thoroughly research each option to ensure the chosen path aligns with one’s long-term financial objectives.

Frequently Asked Questions

What is debt consolidation?

Debt consolidation is the process of combining multiple debts into a single loan or payment. This can simplify your finances and potentially reduce your interest rates.

How does debt consolidation differ from debt settlement?

Debt consolidation involves taking out a new loan to pay off existing debts, while debt settlement involves negotiating with creditors to reduce the total amount owed.

Can I consolidate debt if I have bad credit?

Yes, there are debt consolidation options available for individuals with bad credit, although the interest rates may be higher.

What are the pros and cons of debt consolidation?

Pros include simplified payments and potentially lower interest rates. Cons can include fees and the risk of accruing more debt if spending habits don’t change.

Is nonprofit debt consolidation better than for-profit services?

Nonprofit debt consolidation services often offer free counseling and lower fees, but it’s important to research and compare all options available to you.

Can I use a balance transfer credit card for debt consolidation?

Yes, a balance transfer credit card can be used to consolidate debt, often with an introductory 0% APR period. However, it’s important to pay off the balance before the higher interest rates kick in.

What should I do if my debt consolidation loan is denied?

If your debt consolidation loan is denied, consider improving your credit score, reducing your debt-to-income ratio, or exploring other debt relief options such as debt management plans.

Are there specific debt consolidation options for senior citizens?

Yes, there are debt consolidation options tailored for senior citizens, including specific loan programs and counseling services to address their unique financial situations.

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