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Best Debt Consolidation Reviews of October 2024
There are a few ways out of loan and credit card debt, but the best way is through a low-interest rate debt consolidation loan. Combine all your existing high-interest rate debt into one low monthly payment and you will be on your way to debt freedom.
(855) 480-1210
- Ranked the 25th best financial services company in USA by INC Magazine
- Minimum Debt $10,000
- $3 billion plus in debt resolved for clients
- 24 to 36 Month Program
- Trustpilot rated 4.8 stars with over 7,300 reviews
- INC 500 member fastest growing companies
- No upfront fees
- 100% service guarantee
Editor’s Rating: 9.3 / 10
- $500 Million+ In Debt Resolved
- Minimum Debt $7,500
- No Minimum Credit Score
- 24 to 48 Month Program
- Accredited BBB Member A+ Rating
Editor’s Rating: 9.1 / 10
- Top Rated Loan Network
- Loans of $2,500 - $50,000
- Terms of 3 to 120 Months
- 24 Hour Funds Post Approval
- BBB A+ Rating
Editor’s Rating: 8.6 / 10
- $1 Billion+ In Debt Resolved
- Minimum Debt $7,500
- 24 to 48 Month Program
- BBB A+ Rating
Editor’s Rating: 8 / 10
- $10 Billion+ Debt Resolved
- Minimum Debt $15,000
- 24 to 48 Month Program
- BBB A+ Rating
The Best Debt Consolidation Companies of 2024
Debt consolidation can be a great way reduce your monthly payments, save money on interest, and get out of debt faster. But with so many options available, it can be hard to know where to start. That’s where Crixeo comes in. We’ve done the research and hand-picked what we believe to be the best debt consolidation companies of 2024.
Our goal is to match you with the most affordable debt consolidation solution that will provide you with the greatest savings and pay off your debt in the shortest amount of time possible.
ClearOne Advantage
- Ranked the 25th best financial services company in USA by INC Magazine
- Minimum Debt $10,000
- $3 billion plus in debt resolved for clients
- 24 to 36 Month Program
- Trustpilot rated 4.8 stars with over 7,300 reviews
- INC 500 member fastest growing companies
- No upfront fees
- 100% service guarantee
If you’re struggling with debt, ClearOne Advantage can help. They are a leading debt-relief company, and since 2008, they have helped thousands of clients resolve their credit card bills and other unsecured debts. They don’t charge any upfront fees. ClearOne Advantage works with you to create a personalized debt relief plan that fits your budget. Their certified debt specialists will negotiate lower final payment amounts with your creditors so that you can pay back a reasonable portion of your bills – at an acceptable level.
Debt Amounts
$10,000 – $250,000
Minimum Credit Score
No Minimum
BBB Rating
A+
Debt resolution- sometimes called debt settlement or debt consolidation – isn’t for everyone, but those who stick with the program typically pay off their enrolled debts within three to four years. ClearOne Advantage lowers monthly payments and often leaves clients with more cash on hand to spend as needed.
Pacific Debt Relief
Editor’s Rating: 9.3 / 10
- $500 Million+ In Debt Resolved
- Minimum Debt $7,500
- No Minimum Credit Score
- 24 to 48 Month Program
- Accredited BBB Member A+ Rating
Pacific Debt Relief is one option that can help you by negotiating lower interest rates and monthly payments on your behalf with your creditors. This could save you money each month and help you get out of debt more quickly.If you’re looking to consolidate your debt and lower your monthly payments, Pacific Debt Relief may be a good option for you.
To qualify, you’ll need to have at least $10,000 in debt and a maximum of $100,000 in debt. Applying is simple and if approved, Pacific Debt Relief will work with you to create a payment plan that fits your budget.
Pros
- Lowest industry prices
- Free consultation and no upfront costs
- Personal account manager
- Easy to monitor your account online
Cons
- The program does not cover collateral-based loans like car loans or home loans.
Debt Amounts
$7,500 – $250,000
Minimum Credit Score
No Minimum
BBB Rating
A+
Pacific Debt Relief is nationally recognized leader in debt consolidation services. They have been in business since 2002 and have helped thousands of people consolidate their debts and get back on track. They are accredited and have an A+ rating with the Better Business Bureau, so you can be confident that they are a very reputable company. One of the things that make Pacific Debt Relief unique is its experience. With over 20 years in business and thousands of clients helped, their focus on unsecured debt consolidation can provide relief from your financial burdens.
AmOne
Editor’s Rating: 9.1 / 10
- Top Rated Loan Network
- Loans of $2,500 - $50,000
- Terms of 3 to 120 Months
- 24 Hour Funds Post Approval
- BBB A+ Rating
AmOne is a personal loan company that can help you get the money you need for debt consolidation, home improvement projects, medical expenses, and more. They work with trusted lenders to get you the best rate possible. AmOne is the best place to get a personal loan. The process is quick and easy, and you’re not obligated to accept the loan offer if it’s not right for you. Plus, there are no fees or hidden costs.
Pros
- Trusted with good reputation
- You will be matched with a lender that suits your needs
- Great Customer Service
Cons
- You may not be able to get a loan if you have bad credit
Debt Amounts
$2,500 – $50,000
Minimum Credit Score
No Minimum
BBB Rating
A+
This company offers loans for a variety of purposes, including consolidating debt, funding home improvement projects, paying for medical expenses, and more. With loan amounts ranging from $1,000 to $100,000, they have the perfect solution for your needs. AmOne personal loans are a great option for those looking for a fixed rate loan. Repayment terms range from 24 to 60 months, making it a great option for a variety of borrowing needs. Additionally, there are no origination fees or prepayment penalties with this loan.
National Debt Relief
Editor’s Rating: 8.6 / 10
- $1 Billion+ In Debt Resolved
- Minimum Debt $7,500
- 24 to 48 Month Program
- BBB A+ Rating
National Debt Relief is a company that is dedicated to helping people get out of debt. They have a great reputation and years of experience helping people with debt consolidation. Their customer service is available 24/7 to help you with your needs.
Pros
- If you have a large amount of total debt, you may be able to have it all erased within just a few years
- They provide support throughout the process, making it less stressful for you
- Develop a plan that is tailored specifically to your needs
Cons
- Debt settlement can negatively impact your credit score
- You may have to pay taxes on the forgiven debt
Debt Amounts
$7,500 – $150,000
Minimum Credit Score
No Minimum
BBB Rating
A+
National Debt Relief may be the answer for you if high success rates and many satisfied customers are what you’re looking for. National Debt Relief has a great reputation and extensive experience in the field, making them a prime candidate to help you get out of debt.
Freedom Debt Relief
Editor’s Rating: 8 / 10
- $10 Billion+ Debt Resolved
- Minimum Debt $15,000
- 24 to 48 Month Program
- BBB A+ Rating
Freedom Debt Relief is the largest debt settlement company in the country, however, they have had a checkered past. They settled lawsuits for $25 million with the Consumer Financial Protection Bureau and other state attorney generals for deceptive trade practices. They have years of experience helping people with debt consolidation. Their customer service is available 24/7 to help you with your needs.
Pros
- You can get out of debt faster
- It’s typically less expensive than bankruptcy
- You may be able to keep your property
Cons
- You may have to pay taxes on the forgiven debt
- It will damage your credit score
- You may still owe some money
Debt Amounts
$15,000 – $150,000
Minimum Credit Score
580
BBB Rating
A+
If you’re struggling with debt, talking to a certified debt consultant from Freedom might be a good step to take. They can help assess your situation and create a custom program to try and improve your financial standing. While debt freedom may be the ultimate goal, simply improving your finances can provide significant relief.
Guide to Debt Consolidation
This guide will help you understand which types of debt can benefit most from debt consolidation and which solution might be right for you. Consolidation is a popular way to pay off debt. By taking out a new loan, you can pay off your existing debt and save money on interest payments. You’ll also learn how debt consolidation can impact your credit score.
What is a debt consolidation loan?
Debt consolidation is a great way to get your debt under control. By taking out a new loan to pay off your outstanding debts, you can often reduce your interest rate and give yourself more time to repay the amount owed. This can be a great relief for many people who are struggling with debt.
Debt consolidation is a great way to streamline your debt repayment process by combining all of your bills into one single payment. There are many benefits to consolidating your debt, including the following:
- Credit Cards
- Personal Loans
- Medical Bills
- Payday Loans
- Student Loans
How do debt consolidation loans work?
Debt consolidation is a great way to simplify your payments and protect your credit. A personal loan typically has a lower interest rate than credit cards, and the repayment terms can be stretched out to between 36 and 60 months so you can take advantage of lower monthly payments over an extended period. This means that you’ll still payoff the full amount you owe, but you can do so in a more manageable way.
Debt consolidation is a great way to reduce your monthly payments and become debt-free. There are many options available, so make sure to shop around and compare rates before you decide on a loan. You can get a loan through a bank, credit union, private lender, or other financial institution.
Debt consolidation vs Debt settlement
Debt relief programs come in many different forms, but one of the most popular is debt settlement.
Debt settlement is a process of negotiating with creditors to reduce the total amount of debt you owe. This process can be done on your own or with the help of a professional debt settlement company.
Debt settlement should be considered when:
- You have too many debts to manage
- You are willing to risk your credit score
- and you want to avoid filing for bankruptcy
How to qualify for a debt consolidation loan?
Debt consolidation loans are generally available to individuals with a strong credit history and a steady income. To qualify for a loan, most lenders require that applicants have unsecured debt totaling more than $5,000. Loan terms and conditions will vary depending on the lender, but typically include proof of income and a review of your credit history.
Debt consolidation loans can be a great way to get your finances back on track. But in order to get the best loan for your situation, it’s important to do your homework and prepare ahead of time.
Assuming you have debt across multiple loans and credit cards, it’s important to get a handle on what you owe as well as come up with a plan to pay it off. Taking inventory of your debt is the first step. This will help you determine how much you can afford to pay each month, and put you on a path to becoming debt-free.
There are many options available when it comes to debt relief, and choosing the right one can be difficult. However, with a reputable debt consolidation company can help you identify the best option for you based on your individual situation. One important factor to consider when making a decision is whether you want to take out a secured or unsecured loan debt consolidation loan.
What is an unsecured debt consolidation loan?
Unsecured debt consolidation loans are not backed by an asset or collateral, making them the more popular choice. However, unsecured loans typically have higher interest rates than secured loans. Lenders will base approval for the loan and the interest rate on your credit score, income and debt-to-income ratio. To be approved for an unsecured personal loan for debt consolidation, you will typically need to have a good credit score.
What is a secured debt consolidation loan?
Secured debt consolidation loans can be a great way to get your finances in order. By using an asset or property as collateral, these loans can offer lower interest rates and monthly payments than unsecured options. However, it’s important to only apply for a loan you’re confident you can repay, as defaulting on the loan could result in your property being seized.
It’s important to do your research and compare rates and terms from different lenders. Make sure you understand the qualifications each lender requires for loan approval. Not all debt consolidation companies are created equal, so use these tips to help you identify a legitimate and trustworthy one.
There are a few things you can do to research a debt consolidation company and make sure you are working with a reputable one. First, you can visit organizations like the American Fair Credit Council. This organization keep lists of companies that they have accredited. To be accredited by the AFCC, the company must meet certain standards for consumer protection.
Another way to research a company is to read reviews from customers. You can ask family and friends for their experiences or look at online reviews of the top debt consolidation companies. This will give you an idea of what real consumers experienced while working with them.
For example, read our reviews on Turbodebt, Liberty Financial 1, or Advantage Preferred Financial