10 Best Debt-Consolidation Companies

The best debt consolidation companies give you a plan for managing and consolidating debt.

If eliminating debt is a top priority for you, do your homework to find a reputable debt consolidation company. Many companies offer a range of debt management, debt negotiation, debt settlement and debt relief services. Some also provide in-house debt counseling for those facing financial hardship. 

Be aware of all fees involved and get a realistic estimate of how long it will take to craft a debt management plan, consolidate debt and reduce your debt load. Here’s a closer look at the top 10 best debt consolidation companies based on the types of programs offered, program time frame, fees and other factors. Read through them to find a debt settlement company that could help you improve your financial situation.

Best Debt Consolidation Companies

GOBankingRates evaluated debt consolidation companies based on a number of factors including the comprehensiveness of programs offered, program time frame and fees. See if one of the 10 best debt consolidation companies is right for you.

Best Debt Consolidation Companies
Debt Consolidation Company Programs Offered Program Time Frame Fee for Reduced Debt Min. Debt Required
National Debt Relief Debt settlement
Debt relief
2-4 years 20 to 25% $7,500
New Era Debt Solutions Debt relief
Credit counseling
Debt consolidation
3 years or fewer None listed None listed
Accredited Debt Relief Bankruptcy
Credit counseling
Debt consolidation
Debt management
Debt settlement
2-4 years None listed $500
Freedom Debt Relief Debt counseling
Debt consolidation
Cash-out refinance
Debt settlement
Not listed None listed None listed
Pacific Debt Inc Debt settlement
Debt consolidation
Credit counseling
2-4 years None listed $10,000
Debtmerica Relief Bankruptcy
Consumer credit Counseling
Debt consolidation
4 years or fewer 20 to 24% $10,000
CuraDebt Bankruptcy
Debt management
Debt consolidation
Debt settlement
2-4 years 20% or less Not listed
Premier Debt Help Debt settlement 1-4 years None listed $5,000
Superior Debt Relief Services Debt settlement
Debt consolidation
Credit counseling
1-3 years None listed $10,000
InCharge Debt Solutions Credit counseling
Debt management
Debt consolidation
3-5 years $0 to $55 $1,000
Make Your Money Work for You

Related: How to Find Out If You Have a Debt in Collections

National Debt Relief

Programs: Debt settlement and debt relief
Time frame: Two to four years

If you have at least $7,500 in unsecured debt and can’t keep up with minimum payments, you can turn to National Debt Relief for debt settlement services. The company’s debt settlement consultants work with creditors and collection agencies to negotiate your accounts.

You can qualify for a free consultation online to see if you can get a payment plan that will help you become debt-free within 24 to 48 months. National Debt Relief doesn’t charge upfront fees. If your debt is eliminated or reduced, fees will vary by state and the amount of debt enrolled, but will typically be between 18 and 25 percent of your enrolled debt.

New Era Debt Relief Solutions

Programs: Debt relief, debt counseling and debt consolidation
Time frame: Three years or less

If you want to settle your debt, you can turn to the experts at New Era Debt Relief Solutions to help you reorganize your finances. If you have unsecured debt, the company can help you with its staff of debt relief specialists, financial experts and attorneys. You can get a free debt analysis by submitting some basic information about your situation online.

Make Your Money Work for You

You don’t pay any administrative fees, and all other fees are billed after a settlement is reached. The average settlement amount is a 62.19 percent reduction in debt, with the average consumer saving 56.27 percent, not including any fees charged by the company.

Accredited Debt Relief

Programs: Bankruptcy, credit counseling, debt consolidation, debt management and debt settlement
Time frame: Two to four years

If you need help getting out of debt but don’t know which types of services you need, Accredited Debt Relief can match you to a program that works for your unique situation. The company offers several avenues to debt reduction, including credit counseling and debt management, to help you reduce your debt load and save money.

To get the most out of the program, the company suggests including all credit cards that have a balance of $500 or more. Negotiations begin within one to two weeks of signing up for the program.

Learn: 6 Strategies to Get Out of Debt

Freedom Debt Relief

Programs: Debt counseling, debt consolidation, cash-out refinance and debt settlement
Time frame: Not listed

Make Your Money Work for You

Since 2002, Freedom Debt Relief has resolved more than $5 billion in debt for more than 300,000 clients. It offers a no-risk debt relief consultation so you can learn about your options, and it will negotiate settlements with creditors to reduce your debt.

Clients have access to a dashboard to track their debt settlement status. Freedom Debt Relief offers a customized monthly deposit program with no origination fee or other fees until you see results.

Pacific Debt Inc.

Programs: Debt settlement, debt consolidation, credit counseling and bankruptcy
Time frame: Two to four years

After you sign up with Pacific Debt Inc., you can resolve your debt in 24 to 48 months without paying any fees until you get results. The company helps people who might not have qualified for a debt consolidation loan and those who are thinking of filing bankruptcy. Pacific Debt connects you with a personal account manager who works to settle all your enrolled debt.

Read: How to Stop a Bank Levy

Debtmerica Relief

Programs: Bankruptcy, consumer credit counseling and debt consolidation
Time frame: Four years maximum

Debtmerica Relief specializes in debt settlement services. It can resolve your debt in as little as 24 to 48 months with no upfront fees until at least one enrolled debt is resolved. The company’s goal is to help you avoid bankruptcy and get a better handle on your debt load. Debtmerica Relief does this by consolidating what you owe into one low monthly payment and lowering your unsecured debt balances through negotiation.

Make Your Money Work for You

The debt resolution program fees range from 20 to 24 percent of the enrolled debt by the time you complete the debt program. The company offers a free quote to see if debt settlement is right for you.


Programs: Bankruptcy, debt management, debt consolidation and debt settlement
Time frame: Two to four years

Whether you’re struggling to pay back your tax debts or need some relief from overwhelming credit card balances, you can get a free savings estimate from CuraDebt, which will show you how much you can save with the CuraDebt debt relief program.

The company offers several debt relief services for both individuals and small businesses in the U.S. and can help with unsecured debt with high interest rates, such as credit cards and personal loans. The company can’t help with secured loans, though. Average fees are 20 percent of your enrolled debt and are included in your monthly payment.

Premier Debt Help

Programs: Debt settlement
Time frame: One to four years

Premier Debt Help says it can reduce your credit card debt and help you become debt-free in as little as 12 to 42 months. It can settle unsecured loans, credit cards, medical bills, business debts and even collections. Premier Debt Help provides a free consultation and a full 100 percent money-back guarantee. Clients can save as much as 50 percent on their monthly payments, with the majority of clients getting rid of debt in 36 months or less.

Superior Debt Relief Services

Programs: Debt settlement, debt consolidation, credit counseling and bankruptcy
Time frame: One to three years

You can work with a certified debt specialist to get the right debt settlement service. Debt specialists at Superior Debt Relief Services can answer questions such as:

  • What is debt consolidation?
  • How long will it take to get out of debt?

Superior Debt Relief Services offers debt negotiation and counseling services and will not charge any fees until the account is settled. Many consumers pay off their debt in 12 to 36 months, and Superior Debt Relief Services says its advisors can negotiate a settlement of your debt at a rate of up to 50 cents or more on the dollar.

InCharge Debt Solutions

Programs: Credit counseling, debt management, debt consolidation and bankruptcy
Time frame: Three to five years

If you’re looking for credit card debt relief and debt consolidation programs, InCharge Debt Solutions can put together a program to help. You can turn to the company for credit counseling services and debt consolidation to lower your monthly payments.

The debt management program is designed to help you pay off credit card debt within three to five years without having to take out a new loan. The company also offers nonprofit online credit counseling and online tools for managing debt.

Make Your Money Work for You

Keep Reading: 15 Catastrophic Ways Being in Debt Haunts You

Methodology: GOBankingRates assessed information about debt consolidation companies, including sourcing information from provider websites as of March 27, 2017. To comprise this list of the best debt consolidation companies, GOBankingRates considered the following factors: (1) programs offered; (2) program time frame; (3) fee for reduced debt; and (4) minimum debt required.

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc.an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved, or otherwise endorsed by the companies included in the article.

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About the Author

Sabah Karimi

Sabah Karimi is an award-winning writer with more than 10 years of experience writing about personal finance, lifestyle topics, and consumer trends. Her work has appeared on U.S. News & World Report, Business Insider, Yahoo!, AOL Daily Finance, MSN, and other mainstream publications. She was interviewed by The Wall Street Journal and CBS News about her work as a freelance writer early in her career and now works with a variety of clients.

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