About Us
We've compared many of the top debt relief companies on one comprehensive guide. Hours of in-depth editorial research and debate along with referral fee compensation will determine placement for companies listed below.
Key takeaways
Updated 7:03 am ET Aug. 18, 2023
Accredited Debt Relief is a great choice with no upfront fees.
A personal loan can be used for consolidating debt, funding home improvements, or even financing a large purchase.
National Debt Relief has no fees until your debt is settled and is highly rated.
Compare 3 Best Debt Relief Companies in 2023
National Debt Relief 
4.7
Review
4.6/5
Investopedia
4.7/5
TrustPilot
4.7/5
Approval Time
2 Minutes
Fee Amount
15-25%
BBB
A+
Accredited Debt Relief
4.5
Review
Forbes
4.9/5
BBB
A+
TrustPilot
4.9/5
Debt Amount
10k+
Upfront Cost
$0
Nationwide
Yes
Safeport Law
4.1
Review
ConsumersAdvocate
4.0/5
4.6/5
MySA
Top 15
Settlement Fee
$0
Consultation
Free
Mobile App
N/A
What to look for.
Choosing a debt consolidation company can be your first step towards financial freedom. These firms offer a clear path to manage and eliminate debt by consolidating your obligations into a single, manageable payment. Their expertise allows you to potentially lower your overall interest rates, reducing your financial burden over time. By providing tailored strategies and financial counseling, a debt consolidation company empowers you with the knowledge and tools to prevent future debt accumulation. Plus, they handle communication with your creditors, taking the stress off your shoulders. This approach not only simplifies your debt management but also allows you to regain control of your financial life, fostering a more secure and stress-free future.
What is BestGuide?
BestGuide.com is the best guide. But best is a subjective term. Our team of editors are a great group of people who are passionately committed to giving their opinions and those opinions are visible to you through our ratings. We hope you value our opinions as much as we do. We think they are pretty solid. But our legal team wants us to make sure you know that the word “best” in our title and the order of rankings for companies listed on our website, though based on our opinions, are completely subjective, driven by our whim, and merely in existence because “we said so.” And, just because “we said so” doesn’t make it true for you or your specific set of circumstances. Additionally, we are not basing our opinions on objective guidance from any source outside of our own opinions. Therefore, you will find our recommendations helpful (we are like having your mom’s know-it-all best friend at the ready, 24/7, to guide you in all things) but you should know, and we have to make you aware, that the information we share does not constitute legal or professional or financial or tax related advice or forecast, and should not be treated as such. We do receive referral fees based on our association with most partners and reproduction in whole or in part of anything you see on our pages is strictly prohibited. As an Amazon Associate we earn from qualifying purchases. Thank you for reading this far and we hope you will find that our best guides are, in fact, the very best guides.
How does your survey work?
Our survey will match you with a reputable, vetted company. We provide your matched company with your survey responses which in turn, help them to better understand what you are looking to accomplish. Your matched company is chosen based on how you answer our survey and must be able to provide service based off of your specific answers to our questions. We also consider our company’s advertising budget, which means that companies with larger budgets are more likely to appear in the results page. All companies, regardless of budget, must meet the same vetting criteria.
Frequently Asked Questions
What is debt consolidation and how does it work?
Debt consolidation involves combining multiple debts into a single, larger piece of debt, usually with a lower interest rate and/or lower monthly payment. This can be done in several ways, including taking out a new loan to pay off existing debts or using a debt management plan.
What types of debt can be consolidated?
Most types of unsecured debts, like credit cards, personal loans, payday loans, medical bills, and certain types of student loans, can be consolidated. However, secured debts, such as mortgages or car loans, are generally not eligible.
What are the potential benefits and risks of debt consolidation?
The potential benefits of debt consolidation include simplified finances (one payment instead of several), potentially lower interest rates, and the possibility of paying off debt faster. Risks include the possibility of running up new debt if spending habits aren't changed, potentially higher total interest if the repayment period is extended, and damage to your credit score if payments aren't made on time.
How will using a debt consolidation company affect my credit score?
Debt consolidation can have both positive and negative impacts on your credit score. Initially, your score may drop slightly due to the hard inquiry involved in applying for a new loan or credit card. However, if you keep up with your payments and reduce your overall debt, your score should improve over time.
What should I look for when choosing a debt consolidation company?
When choosing a debt consolidation company, consider their reputation, customer reviews, and accreditation. Look for clear, transparent fee structures and avoid companies that charge upfront fees. Be wary of companies that make promises that seem too good to be true, such as claiming to be able to eliminate your debt entirely. It's also a good idea to check with your local consumer protection agency and your state's Attorney General to see if any complaints have been filed against the company.