Our Top 5 Debt Consolidation Companies for 2022

Which Debt Consolidation company should you choose? This is a tough question to answer on your own. This is why we've done the research for you and created this helpful website with our recommendations for debt consolidation companies. We have ranked these picks on several factors, including their membership in groups like BBB, AFCC, etc., time in business, services offered, advertising costs and customer service. We hope you will take advantage of the information offered here.

Best Debt Consolidation Companies Picks for 2022

1
Best Rated Consolidation Company
9.9
Our Number 1 Recommendation
Top Rated – Highest Ethical Standard
Accredited DR
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  • Get 50% Lower Monthly Payments
  • Best for Credit Card Debt, Personal Loan and Bills
  • Most Accredited with Organizations like BBB and AFCC
  • Avoid Bankruptcy AND Become Debt Free
382 Qualified through this Site Today
2
8.4
ClearOne Advantage
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  • Get out of Debt without Bankruptcy
  • Pay off Debt with Reduced Amount
3
7.8
LendingTree
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  • Member of FCAA
  • No Credit Score Requirement
4

6.8
Freedom DR
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  • Cancel Anytime with No Fees
  • Easy Monthly Payments
5
5.2
Consolidated Credit
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  • Pay off Debt in as little as 24 Months
  • No Bankruptcy and Become Debt Free

Our Best Overall Choice

9.9
Accredited DR
Find a customized quote easily
  • Get 50% Lower Monthly Payments
  • Best for Credit Card Debt, Personal Loan and Bills
  • Most Accredited with Organizations like BBB and AFCC
  • Avoid Bankruptcy AND Become Debt Free

Debt consolidation is the practice of combining multiple debt obligations into one monthly payment. You are basically rearranging your finances. Instead of keeping tracking of multiple bills and payments, debt consolidation helps you move all your debts in one place and pay for them with one monthly payment.

Keeping track of multiple debt payments each month can be overwhelming. Debt consolidation could make managing your payments easier by combining multiple debts into a new loan or credit card.

The funds from the new account are used to pay off your existing balances. Instead of making multiple debt payments each month, you make one payment according to the terms of the agreement of the new loan.

The impact debt consolidation will have on your credit depends on your financial situation and credit history. Call us or a fill out the form above for a FREE evaluation to speak to a qualified representation who can tell you more

Which Debt Consolidation option is best for me?

There is unfortunately no one-size-fits-all when it comes to dealing with debt. Every individual has different needs and different types of debts. The companies listed on this site can help offer you tailored solutions to you depending on how much debt you have and the kinds of debts you have. From there, they can develop a program that you can stick with to help you pay down your debt with success.

So call or visit the providers listed on this site and compare all of your options carefully.

Does Debt Consolidation Work?

Yes it does. But like all things in life it comes down to how much you're willing to stick with the plan and diligently make the payments necessary to pay down your debts. Working with a debt consolidation company like the ones above offers you the opportunity to lean on the expertise of people who specialize in debt and can help you stick with your plan. A recent study from Harvard Kennedy School found that borrowers who worked through debt resolution programs, after accounting for fees, received an average reduction of 33.2% on their settled debts.