Compare Debt Consolidation

From accreditations and experience to services and support, we research everything you need to compare debt consolidation and make a decision. Learn how our editors compare the different factors of debt consolidation below.
Disclosure: We receive advertising revenue from some partners. Learn more.
Select 2 debt consolidation companies to compare

A debt consolidation loan is when a person takes out a single personal loan in order to pay off other debts, such as balances on high-interest credit cards. The borrower then makes fixed, monthly payments to the lender for a set time period, usually between two to five years.

Instead of paying multiple small, unsecured loans, their new single payment is usually less than the combined ones of the previous debts, generally due to a lower interest rate. Consumers usually resort to a debt consolidation loan when they’re having a hard time making payments on multiple small loans, or are unable to negotiate a better interest rate. If their consolidation loan is secured with an asset—commonly their house—, the IRS can even offer a tax deduction.

One of the most important factors in choosing a lender for your debt consolidation is precisely whether the loan will be secured by a form of collateral—which can be easier to obtain, especially if your credit is affected—, or unsecured. Also consider possible costs and fees, such as an early repayment penalty, and the interest rate you will qualify for. Above all, compare different lenders before making a final decision, as that is the best way to get a a great deal.

If the principal is paid off more quickly than it would have been without the loan, then debt consolidation can help boost the borrower’s credit score in the long term, but this may also extend the loan's term significantly, in which case the potential savings are offset by paying more interest over time.  Opting for a secured loan puts assets in jeopardy, and if the borrowers don’t modify the habits that led them into debt, it may result in a precarious fiscal situation.

How we Compare Debt Consolidation

Accreditations - 10%
Experience - 10%
Speed - 10%
Transparency - 10%
Debt Qualifications - 10%
Pricing - 20%
Services - 20%
Support - 10%


The International Association of Professional Debt Arbitrators (IAPDA) ensures that a company’s debt consultants are trained and certified debt negotiation professionals.  

The American Fair Credit Council (AFCC) – member companies should comply with best industry practices. This includes transparency with the public and compliance with FTC regulations for debt relief providers.

Better Business Bureau (BBB) – gives an overview of customer experience with the company. This includes complaint reports and how the company was able to resolve customer concerns.

Debt Consolidation with the Best Accreditations:

National Debt ReliefFreedom Debt ReliefAccredited Debt ReliefConsolidated CreditAmerican Debt EndersCuraDebtCountry Wide Debt ReliefSoFi
A+ BBB Rating
FDIC Insure Trust Account
FTC Compliant
Debt Qualification$7,500 and up$25,000 and up$10,000 and up$7,500 and up$5,000 and up$7,500 and up$1,000 and up$5,000 and up


A company’s time in business is a good indicator of its debt relief program’s performance.

Debt Consolidation with the Best Experience:


How soon can a company successfully resolve your debt situation? Of course the success of the program depends largely on a client’s commitment in making the monthly payments.

Debt Consolidation with the Best Speed:

National Debt ReliefFreedom Debt ReliefAccredited Debt ReliefConsolidated CreditAmerican Debt EndersCuraDebtCountry Wide Debt ReliefSoFi
Program Length24 to 48 MonthsEstimated 24 to 48 Months24 to 48 Months12-60 months (depends on total debt amount)60 months12 to 50 Months (With some exceptions depending on the situation.)2 to 180 months36 to 84 months


Part of being an AFCC member requires the company to be transparent in terms of its fees and policies. We scored companies according to how they gave answers to:

  • Program costs
  • Number of client’s that drop out of the program
  • Average length of the program
  • Average settled amount

Debt Consolidation with the Best Transparency:

Debt Qualifications

Unsecured debt – this refers to debt that are unattached to personal assets such as mortgages or car loans.

  • Medical bills
  • Personal lines of credit
  • Credit cards
  • Old repossessions
  • Student loans

Minimum debt – debt relief companies require clients to meet minimum debt limits to be enrolled in the program. This also refers to your total enrolled debt. Lower debt minimums allow more clients to qualify for the program.

Debt Consolidation with the Best Debt Qualifications:


The Federal Trade Commission (FTC) has taken steps to protect consumers against companies that charge fees prior to settling or reducing a client’s unsecured debt. The 2010 FTC Rule for Debt Relief Providers state the no fees and charges can be collected unless:

  • The debt relief service successfully settles or changes the terms of at least one of the consumer’s debts.
  • There is a settlement agreement, debt management plan, or other agreement between the consumer and the creditor that the consumer has agreed to.
  • The consumer has made at least one payment to the creditor as a result of the agreement negotiated by the debt relief provider.
  • The new rule also has provisions to ensure that debt relief providers do not front-load their fees if a consumer has enrolled multiple debts in one debt relief program.

Upfront Fees – FTC guidelines strictly prohibit the collection of fees prior to the company being able to successfully settle a debt.

Fees and charges – a percentage of the client’s total enrolled debt. However, fees should only be collected once a debt is settled in line with FTC regulations.

Monthly payments – this refers to the monthly amount to be deposited which is determined by you and your debt consultant. Funds are used for negotiating with your creditors and making a lump sum payment once a settlement is reached.

FDIC insured deposits

Included in the FTC guideline is a provision concerning the creation of a “dedicated account.” This refers to the creation of a monthly payment account to be used for paying creditors and where “provider fees” are to be collected. FTC rules state that a dedicated account can only be created if it meets these conditions: 

  • The account is maintained at an insured financial institution
  • The consumer owns the funds (including any interest accrued)
  • The consumer can withdraw from the debt relief service at any time without penalty and receive all unearned provider fees and savings within seven business days
  • The provider does not own or control or have any affiliation with the company administering the account
  • The provider does not exchange any referral fees with the company administering the account.

Debt Consolidation with the Best Pricing:

National Debt ReliefFreedom Debt ReliefAccredited Debt ReliefConsolidated CreditAmerican Debt EndersCuraDebtCountry Wide Debt ReliefSoFi
Upfront Fees
Consultation Fees
Fees and ChargesFees vary by state and amount of debt. But National Debt Relief only charges you for debt resolved. There are no monthly fees and debt consultations are free.Varies by State and Debt Amount. Average 21% of enrolled debt.4% to 7% of enrolled debtThe company charges a flat 18% fee with every customer they helped.N/A20%N/AN/A


Consultation with a debt specialists

Debt Consolidation – this involves taking out another loan to pay for your existing loans.

  • Reduce monthly payments
  • Lower interest rates
  • Simplify payments

Debt Settlement – is a debt relief program that helps make debt payments easier by helping you reduce your total debt mainly by negotiating with creditors.

  • Reduce total unsecured debt
  • Alternative to debt consolidation, credit counseling and bankruptcy
  • One low monthly payment
  • Settle your debt in 24 to 48 months

Debt Consolidation with the Best Services:

National Debt ReliefFreedom Debt ReliefAccredited Debt ReliefConsolidated CreditAmerican Debt EndersCuraDebtCountry Wide Debt ReliefSoFi
Debt Consolidation
Debt Settlement
Unsecured Debts
Student Loans
Credit Cards
Collection and Repossessions
Medical Bills
Financial Consultation
Credit Counselling


Another thing to look out for when choosing a debt relief service is the type of support services they provide. Work with debt relief services that provide you a personal debt consultant that is responsible for handling you case. Client support should also be available through email, telephone or online chat option.  


Debt Consolidation with the Best Support:

Full Debt Consolidation Comparison

AccreditationsExperienceSpeedTransparencyDebt QualificationsPricingServicesSupport
National Debt Relief9.
Freedom Debt Relief9.
Accredited Debt Relief9.
Pacific Debt Inc. Debt Consolidation9.
Consolidated Credit Debt Consolidation9.
ClearOne Advantage Debt Consolidation9.
American Debt Enders Debt Consolidation9.
CuraDebt Debt Consolidation9.
LendingTree Personal Loans9.
Country Wide Debt Relief9.
Brite Solutions Inc. Debt Consolidation9.
Brownstone Law Group Debt Consolidation9.
New Era Debt Solutions9.
SoFi Debt Consolidation9.
Debtmerica Relief Debt Consolidation8.
Rescue One Financial Debt Consolidation8.
Life House Financial Debt Consolidation8.
Select 2 debt consolidation companies to compare

Latest Reviews

Reviews help other customers make decisions. Share your experience with Debt Consolidation
M. F
Trenton, New Jersey
After my husband lost his job and had to go back to school, our finances became a terrible mess. I was so stressed since he also had 3 eye surgeries and I had to pay for almost everything with 2 kids, with one being special needs. I called NDR and he said not to worry and he can help. Michael VZ. was kind, professional and alleviated my stress in one or two or three phone calls. I had close to 100,000 dollars in debt and two of the credit cards are settled after 5 months. I still have a few more to go, but thank God I found NDR. Yes, I was scared, and skeptical, but they do help you in more ways than one. I am hopeful that the other cards will be resolved.

[email protected]
Irwin, Pennsylvania
National Debt Relief has been an answer to prayer. We were drowning in debt. The stress was so overwhelming! I felt relief the very first time I spoke with them. Every time I call, I get to speak to a real person without having to wait for a long time. They are always helpful and friendly. I am so grateful! It has only been a few months and my debt is already depleting. Thank you National Debt Relief!

Miami, Florida
This is a great company! The people are very competent, caring, and trustworthy. I have been their client for about a year. My life changed for better since I begun receiving their services. I now can see the end of the debt nightmare.

Reviews help other customers make decisions. Share your experience with Debt Consolidation