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
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
382 Qualified through this Site Today
QUALIFY NOW
855-461-7427 Read Review
2
8.4
ClearOne Advantage
Find a customized quote easily
  • Get out of Debt without Bankruptcy
  • Pay off Debt with Reduced Amount
QUALIFY NOW
888-340-4697 Read Review
3
7.8
LendingTree
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  • Member of FCAA
  • No Credit Score Requirement
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800-300-9550 Read Review
4

6.8
Freedom DR
Find a customized quote easily
  • Cancel Anytime with No Fees
  • Easy Monthly Payments
QUALIFY NOW
800-910-0065 Read Review
5
5.2
Consolidated Credit
Find a customized quote easily
  • Pay off Debt in as little as 24 Months
  • No Bankruptcy and Become Debt Free
QUALIFY NOW
877-370-3139 Read Review

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
QUALIFY NOW
855-461-7427 Read Review

This is a popular choice because it typically includes credit counseling and education programs to help you to identify the causes of your financial problems. Credit counselors also can provide solutions that you can take with you after completing the program. The downside on DMPs is that they usually take 3–5 years to eliminate the debt and some people aren’t patient enough to stick with the program that long.

Zero percent balance transfers are extremely attractive offers by credit card companies, but usually are limited to consumers with excellent credit scores. If your credit score isn’t somewhere above 700, you probably won’t qualify. Also, there normally is a transfer fee involved (2–3% of the balance being transferred) and an expiration date (usually 12–18 months) on the 0% interest rate.

You can get a personal loan from several sources — most often a bank, credit union, or online lender. The interest rates vary, but usually are fixed at rates less than what is paid on credit cards.

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.

Best Debt Consolidation Companies is owned and operated by Aspiring MS Inc. which is an affiliate marketer and Marketing Lead Generator which means Aspiring MS Inc gets paid if you choose to purchase products or services from the companies or websites advertised through our placement of links on this site.

Any relationship that you may form with the advertised companies is exclusively between you, as the consumer, and the advertised company. We do not warrant the products and/or services provided by any of the advertised companies linked to this site. This site only contains links to advertised companies for your convenience. We are only an affiliate marketer and are not a provider of debt consolidation services.

Personal loan offers provided to customers who originated via a paid Google or Microsoft Ads advertisement feature rate quotes on Best-debt-consolidation-companies.org of no greater than 35.99% APR with terms from 61 days to 180 months. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history, and will be agreed upon between you and the lender or provider chosen. For additional loan options, please contact one of the listed providers. An example of total amount paid on a personal loan of $10,000 for a term of 36 months at a rate of 10% would be equivalent to $11,616.12 over the 36 month life of the loan.

This site is directed at, and made available to, persons in the continental U.S., Alaska and Hawaii only.