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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.

Best Debt Consolidation Reviews 1
Best Debt Consolidation Reviews 2
4.5/5

Editor’s Rating:  9.8 / 10

(855) 480-1210

4.5/5

Editor’s Rating:   9.3 / 10

4/5

Editor’s Rating:   9.1 / 10

4/5

 Editor’s Rating:  8.6 / 10

Best Debt Consolidation Reviews 7
3.5/5

 Editor’s Rating:  8 / 10

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

4.5/5

Editor’s Rating:  9.8 / 10

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

4.5/5

Editor’s Rating:   9.3 / 10

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

Cons

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

4/5

Editor’s Rating:   9.1 / 10

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

Cons

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

4/5

 Editor’s Rating:   8.6 / 10

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

Cons

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

Best Debt Consolidation Reviews 7
3.5/5

 Editor’s Rating:   8 / 10

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

Cons

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.