2
National Debt Relief
4.7
On BestGuide
- Not a non-profit
- One-on-one evaluation with a debt coach
- No upfront fees
Not Recommended
3
Accredited Debt Relief
4.7
On BestGuide
- Not a non-profit
- Over $2 billion in debt settled
- Pay only if the company successfully reduces your debt
Not Recommended
4
TurboDebt
4.4
On BestGuide
- Not a non-profit
- Debt-free within 24-48 months
- Experts available 24/7
Not Recommended
4.8
On BestGuide
- Offers student loan counseling
- Bankruptcy counseling & courses
- Extensive educational resources
5
LendingTree
3.9
On BestGuide
- Not a non-profit
- Does not service debt directly
- Aggressive sales tactics
Not Recommended
Frequently Asked Questions
Question:
Who qualifies for debt settlement?
Answer:
Anyone who is having a hard time making their credit card payments may qualify for debt settlement programs. However, some companies require borrowers to have a specific amount of debt — like $10,000 — to qualify for their services.
Ask an expert: Cambridge Credit Counseling »
Question:
Will my credit score go up if I settle a debt?
Answer:
Settling debt can have both a negative and a positive effect on your credit scores. You're most likely to see a drop in points up-front, but over time you can gain back everything you lost and more. Regardless of the setback, you can always work to experience the benefits of better credit.
Ask an expert: Cambridge Credit Counseling »
Question:
Can I settle a debt without going to court?
Answer:
You may settle your case at any time prior to having the court make a decision (a judgment) by either: Paying the full amount of the debt (plus any fees, costs, and interest required) Negotiating to pay a lesser amount and having the other side agree to accept that amount as full payment.
Ask an expert: Cambridge Credit Counseling »
Question:
Can I use my credit card after debt consolidation?
Answer:
Creditors don't want you to use the cards when you're having a benefit from a debt management program. But if there's a card that you can keep out of the program, you can do that. You can keep the card out and use it for emergencies.
Ask an expert: Cambridge Credit Counseling »