Shop some of the great debt relief companies of 2024.
$7,500
15% - 25% of enrolled debt
2 - 4 years
20% - 25% after fees or more
$9.95 setup fee. $9.95 monthly maintenance fee.
Unsecured debt, including credit cards, medical debt, personal loans, private student loans, collections, lines of credit, repossessions and payday loans.
Freedom is available in Alabama, Alaska, Arkansas, Arizona, California, Delaware, Florida, Iowa, Idaho, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Mexico, Nevada, New York, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Wisconsin. Freedom works with legal partners to provide debt settlement services in: Connecticut, Georgia, New Hampshire, New Jersey, Illinois, Kansas, Maine, Ohio, South Carolina, and Virginia.
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$10,000
Up to 25% of enrolled debt
2 - 4 years
40% or more of eligible debt
$9.95 setup fee. $10.75 monthly maintenance fee.
Unsecured debt, including credit cards, personal loans, medical debts, private student loans
ADR is available in Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Missouri, Mississippi, North Carolina, Nebraska, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Texas, Tennessee, Utah, Wisconsin, and West Virginia
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- Fees
- Disclaimer: null
$7,500
15% - 25% of enrolled debt
2 - 4 years
23% after fees or more
$9 setup fee. $9.85 monthly maintenance fee.
Unsecured debt, including credit cards, personal loans, lines of credit, medical bills, collections, repossessions, business debts and some student debts.
Not available in: Oregon, Vermont, West Virginia and Wisconsin.
- Qualifications
- Available Term Lengths
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- Fees
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Debt relief programs are not the ight solution for everyone, and it's important to understand their potential risks. Success is not guaranteed, and the cost could be higher than negotiating on your own.
Debt settlement is a last resort for those who face overwhelming debt but cannot qualify for bankruptcy or simply don't want to file bankruptcy.
Companies that offer debt settlement services typically ask you to stop making debt payments when you enroll in a settlement plan and instead put the money in an escrow account. Each creditor is approached as the money accumulates in your account and you fall further behind on payments. The debt relief company then negotiates with the creditor to accept a smaller lump-sum offer and agree not to pursue you for the rest.
You could end up owing more: Beware that you could end up with debts that are even bigger than when you started, according to the Consumer Financial Protection Bureau. Late fees, interest, and other charges related to credit card debt could make your debt balloon - because many debt settlement companies will ask you to stop making debt payments to try to sway creditors into negotiating.
Creditors can still try to collect from you: Not paying your bills can result in collections calls, penalty fees and, potentially, legal action against you. Lawsuits can lead to wage garnishments and property liens. Debt settlement won't stop any of that while you're still negotiating, and it can take months for settlement offers to begin.
Reduced credit score: Your credit score could take a hit while you are not making payments.
Depending on how much you owe, it could take several years to resolve your case. The typical timeframe for these companies is two to four years.
No. Debt consolidation is something you do on your own and is not the same thing as using a debt settlement via a debt relief company.