FinanceBuzz's

Top 5 Debt Consolidation Companies of 2019

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If you are struggling with credit card debt or other kinds of debt, a debt consolidation company may be able to help you. They will work with your creditors and help get your finances back on track.

Best Overall
  • Recommended for debts $20,000 and higher
  • Resolve your debt in as little as 24 - 48 months
  • They've helped save their clients over $2 billion
  • Over 600,000 customers and counting
2
  • Minimum Debt: $10,000
  • Eliminate your debt in as little as 24-48 months
  • Risk free, and no upfront fees
  • Rated A+ by Better Business Bureau
3
  • Loans from $1,000 to $50,000
  • Min. Credit Score: 600
  • APR: 3.49% - 35.99%
  • Comparing Rates Does Not Affect Your Credit Score
  • APR as of March 2020
4
  • Loans from $1,000 to $100,000
  • Min. Credit Score: 600
  • APR: 3.99% - 35.99%
  • Comparing Rates Does Not Affect Your Credit Score
  • $200 Best Rate Guarantee (see Credible terms)
  • APR as of March 2020
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Is Debt Consolidation Right For You?

How much debt are you looking to consolidate?

With debt consolidation, you roll all of your debts into one loan with a single due date, so it's important to know the total before making your choice.

For debt from $5,000 to $10,000 we recommend Personal Loan Pro.

Debt over $10,000 is ideal for Accredited Debt Relief.

If your debt is greater than $25,000, Freedom Debt Relief is the way to go.

How quickly are you looking to resolve your debt?

Another huge factor to consider when making your decision is repayment time frame. Loan payments will vary depending on the amount borrowed and how quickly you intend on paying it back. A large loan with a 24-month payment window would mean higher payments and vice versa.

If you're looking to pay off your loan in 4 – 5 year, Consolidate Credit offers 48 – 60-month repayment plans.

Freedom Debt Relief lets you resolve your debt in as little as 24 – 48 months.

If you're looking for a smaller loan you intend to pay off in less than two years, Personal Loan Pro would work for you.

Do you have collateral to put towards the loan?

Loans are grouped into two categories, secured and unsecured. If you have collateral, such as home equity, you'll be able to get a secured loan. Unsecured loans are approved without the need for collateral and are based on credit history and income.

Freedom Debt Relief has offered secured loans for over 600,000 customers and counting.

If you don't have home equity or other forms of collateral, don't worry! Debt.com offers unsecured loans $10,000 and up.

How to choose the best?

If you've weighed all the factors above and still can't come to a decision, let us help! Our best overall pick is Freedom Debt Relief. They offer loans for a variety of debt amounts, flexible repayment terms and have helped their clients save over $2 billion.

Best Overall
  • Recommended for debts $20,000 and higher
  • Resolve your debt in as little as 24 - 48 months
  • They've helped save their clients over $2 billion
  • Over 600,000 customers and counting