Top Debt Settlement and Debt Management Services for 2024
Debt settlement and debt management services can be a lifeline for those struggling with overwhelming debt. But with so many options available, how do you know which ones are the best for your financial situation? In this blog post, we’ll take a deep dive into the top debt settlement and debt management services for 2024, as rated by Business Insider editors.
First and foremost, it’s important to understand the difference between debt settlement and debt management services. Debt management services work with creditors to negotiate new payment plans, lower interest rates, and waive fees to make it easier for you to pay off your debt. On the other hand, debt settlement services negotiate with creditors to reduce the total amount of debt owed, which can have a significant impact on your credit score.
One of the top-rated debt settlement services for 2024 is National Debt Relief. This company has been in operation since 2009 and has helped over 400,000 people get out of debt. National Debt Relief works with most types of unsecured debt, including credit cards, medical bills, personal loans, and private student loan debt. They offer free consultations with no upfront fees and charge an average of 15-25% of the total enrolled debt once a settlement is reached.
Another highly-rated debt settlement service is CreditAssociates Debt Relief. This company has been operating since 2015 and specializes in helping clients settle unsecured debts like credit card debt and medical bills. CreditAssociates offers a free consultation with debt settlement experts and charges fees based on the amount settled rather than the amount enrolled. They also have a money-back guarantee, although specific details are not publicly available.
Accredited Debt Relief is another top-rated debt settlement service for 2024. This company is a DBA of debt consolidator Beyond Finance and has been in operation since 2011. Accredited Debt Relief works exclusively with unsecured debt and offers both debt settlement and debt consolidation services. They provide free consultations and savings estimates with no upfront fees, and fees average 15-25% of the total enrolled debt.
For those looking for debt management services, American Consumer Credit Counseling is a top choice. This non-profit agency has been operating since 1991 and specializes in debt management programs to help clients with unsecured debts like credit cards and medical bills. They offer a preliminary counseling session at no charge and charge a one-time fee of $39 and a monthly maintenance fee of $7 per account.
In conclusion, when considering debt settlement and debt management services, it’s essential to compare the benefits, fees, and features of each program to find the best fit for your financial goals. Whether you choose a debt settlement service like National Debt Relief or a debt management service like American Consumer Credit Counseling, getting help with your debt can be a crucial step towards financial freedom.
