Last year saw the number of debtors in America rise to 340 million; this makes for about 75% of the population. Unfortunately, the numbers have since increased as more Americans struggle to climb out of debt amidst high inflation rates, unemployment and an anticipated recess. But wait, there’s a silver lining; despite the odds stacked against them, Americans can still pull themselves out of debt through debt relief programs, which secures them lower rates and payments and speeds up the debt settlement process. This piece will highlight five of the best debt relief programs this year.
1. National Debt Relief
The National Debt Relief program is voted the best overall for unsecured debt elimination. With a settlement count of 400,000 consumers since its inception, this program has a proven stellar track record, and its money-back guarantee is the cherry on top. Accredited by the American Fair Credit Council and the Better Business Bureau, National Debt Relief is undoubtedly transparent and legitimate in its operation and results. The program offers its clients free consultations, negotiations, lowered interest rates, financial education, and tools.
2. Freedom Debt Relief
Coming in second place is Freedom Debt Relief, an indisputably interactive platform for indebted clients. With $10 billion resolved in debt and over 650,000 clients enrolled, Freedom Debt Relief is a clear choice for anyone looking to make their way out of credit with 50% or less of what they owe. The program has 2000 highly trained experts with top-notch negotiation and financial management skills to help you wipe out your debt while wisely managing accounts. Freedom debt relief also offers a free consultation to clients and customized debt settlement ranging from business, medical and student loan debt.
3. Accredited Debt Relief
Another top-rated program is Accredited Debt Relief, a Better Business Bureau and American Fair Credit Council-certified program significantly invested in clearing unsecured debt. This result-driven debt relief program has bagged over 200,000 clients and resolved about $1 billion worth of debt since its launch in 2011. The agency offers a free consultation to interested clients, credit negotiations and money-back guarantees for unsatisfactory results. On the downside, Accredited Debt Relief has confusing service pricing and lacks transparency.
4. DMB Financial
Regarding credit card debt relief, DMB Financial is the plug. The program has an impeccable track record of pulling clients out of accumulated high-interest credit card debt since 2003. The agency, like most, offers zero-cost consultations, low monthly payments and settlements that run as low as 30% of what is owed. DMB Financial guarantees its clients a debt-free life in as little as 36 months.
5. Community Tax
Community Tax is a runner-up with over 100,000 clients and $800 million in resolved debt. The program operates under licensed tax practitioners to help clients eliminate tax debt through preparation, negotiation, penalty abatements and financial hardship declaration. The agency’s specialization and range of services are comprehensive, spreading over 15 unique financial situations for unpaid taxes. The program’s money-back guarantee earns Community Tax a position on this list as a reliable and worthy debt relief mention.
Final Thoughts
Seeking out debt relief is a relatively reasonable resolution toward credit elimination; the approach is effective and prudent in settling debts, improving credit scores and establishing a debt-free life. For someone looking to unburden themselves from credit, these programs can be real game-changers and an excellent choice to explore more so in these financially challenging times. That said, debt relief programs are a sensitive subject, and if this is a path you’re considering, we suggest staying conscious, informed and wary of the service provider you choose to share your information with. Ensure you go with a company that aligns with your needs, financial goals and budget for a streamlined debt relief experience.