After 100 hours of researching and calling debt consolidation companies, our top choice is National Debt Relief, which is one of the most transparent companies we spoke to.
It offers top-notch customer service and its costs and fees are well in line with industry standards.
When you start pursuing debt management options, you may get mixed messages from people in the debt relief industry.
Because there is no general industry consensus as to what the best ways to manage debt are, we have narrowed down your options.
Accredited Debt Relief is an affiliate and offers the same programs.
Debt Consolidation is worth looking at if you have at least ,500 of debt.
When a settlement is reached, the funds you have been setting aside go toward paying your creditors and negotiation fees.
During this program, you receive financial counseling and meet with a financial advisor.
With bankruptcy, you officially declare that you cannot pay your debts.
To pursue bankruptcy, you must qualify and complete the entire process, including pre-filing and post-filing counseling.
Types of debt vary, and this influences what you can consolidate.
The first thing to determine is if your debt is secured or unsecured. For example, car loans and mortgages are secured debts.