Debt Relief Provider Reviews
Debt Relief Provider Reviews and Ratings
Check out the latest reviews of debt relief providers and give us your thoughts on any companies that you have worked with as well. Read about the personal experiences from the Bills.com community.
Freedom Debt Relief is one of the largest debt settlement companies in the industry. They were founded in 2002 by two Stanford Business School Graduates. According to recent press releases the company has served over 95,000 consumers, $1.70 billion in debt that is currently under management, and $911 million in total debt settled.
One of the founders of Freedom Debt Relief is on the board of directors of The American Fair Credit Council (AFCC).
Freedom Debt Relief has won many awards (Best Places to Work in Phoenix, Best Places to Work in San Francisco, Entrepreneurs of the Year from Ernst & Young, Fast 100 list by Entrepreneur Magazine, Inc. 500, and others).
Freedom Debt Relief's debt consultants are IAPDA certified. The company is one of the few to be AFCC- and BSI-certified for excellent customer relationships.
Related Provider Reviews: Freedom Tax Relief
Money Management International (MMI) was founded in 1958 and is the largest non-profit credit counseling company in the industry. MMI provides consumers with financial education tools, as well as debt management plans to help consumers get out of debt.
InCharge Debt Solutions is a non profit consumer credit counseling firm that helps consumers manage and get out of debt. The program is available to consumers nationwide. The company also provides financial education resources and tools to help consumers.
Freedom Financial Network was founded in 2002 and has over 10 years of experience in helping consumers resolve their debts. Freedom Financial Network offers two solutions to consumers: credit counseling and debt settlement. Freedom Financial Network will work with you to explain how both approach differs and will review your financial situation to identity the best way to become debt free.
Cambridge Credit Counseling Corp. has been providing credit counseling and financial education services since 1996. They maintain an A+ rating with the Better Business Bureau and are currently Consumer Affairs’ top-rated credit counseling agency. The fees they charge for their debt management services are regulated by the state in which the particular consumer resides, but never to exceed an initial fee of $75 and a $50 per month service fee. Cambridge is also a HUD-approved housing counseling agency, providing foreclosure intervention, first-time homebuyer assistance, and rental counseling services. They have also been approved by the Massachusetts Executive Office of Elder Affairs to offer reverse mortgage (HECM) counseling to seniors and are approved by the U.S. Department of Justice, Executive Office of the United States Trustee to provide pre- and –post filing bankruptcy-related counseling services.
Prosper has over 1.8 million members and has funded over $534 million in loans. Peer-to-peer lending (p2p) allows consumers to borrow or lend to one another. Prosper makes loans between $2,000 and $35,00. If you lend through Prosper, you can invest as little as $25 in each loan you select. Loans are made on the basis of credit scores and credit histories, as well as the way the loan is described and endorsements from others. Prosper services the loans made through its network. The fees that borrowers pay range between 0.5%-4.5% of the amount borrowed, depending on how Prosper rates the borrower. Investors pay a 1% annual servicing fee.
Lending Club is a peer-to-peer lender. It was founded in 2007 and has funded over $1.2 billion of loans. Lending Club matches borrowers with investors. Creditworthy borrowers get loans at competitive rates and investors can make attractive returns. Loans are offered from $1,000 to $35,000. Interest rates for borrowers vary from 6.78% APR to 29.99%. The best APR is available to borrowers with excellent credit. Borrowers pay a one-time processing fee that ranges from 1.11% to 5.00% of the loan amount, depending on the loan term and how Lending Club grades the borrower. Investors pay a 1% service fee for every borrower payment received.
HSBC Bank USA Inc. is one of the nation's 10 largest banks. The bank provides a full-range of products and services, including debt consolidation loans and personal loans. HSBC provides loan from $500 up to $25,000 and with terms between 1 to 8 years.
Related Provider Reviews: HSBC Mortgage
Coastal Credit Solution is a financial company based out of San Diego, CA offering free financial analysis to help individuals better manage their debt and become debt free. Coastal Credit Solutions' certified credit advisor will review your credit card statements, medical bills, any mortgages and other loan statements to determine your various options to resolve your debt. Based on your situation and budget, Coastal Credit Solution will help you find the best financial provider to tackle your debt, from refinancing your home to credit counseling to debt settlement.
Citibank offers a range of financial service products to serve the needs of corporations, government, and individual investors. Citibank debt consolidation loans are available to individuals. Citibank's mortgage division, CitiMortgage, offers various loan products and has competitive rates on adjustable rate and fixed rate mortgage programs. Citibank can also be found world wide delivering banking, lending, and investment services.
US Bank is the 6th largest commercial bank in the US providing financial services to consumers, businesses, and institutions. US bank offers many debt consolidation solutions from a cash out refinance, home equity loan, or an unsecured line of credit.
Related Provider Reviews: US Bank Mortgage
BB&T is one the top national banks in the US, offering debt consolidation loans, mortgage loans, and personal loans. BB&T's offer competitive rates on their debt consolidation loans, allowing you to consolidation you debt into one low monthly payment.
Related Provider Reviews: Branch Banking and Trust Mortgage
National City Corporation has been acquired by PNC and PNC is one of the nation's largest financial holding companies. The company operates through an extensive banking network and serves customers in selected markets nationally. PNC and National City offer customers personal loans for consolidating debt as a line of credit or as an installment loan.
Related Provider Reviews: National City Mortgage
Sovereign Bank is one the largest banks in the Northeastern US and offers personal loans, cash-out refinancing, home equity loans, and HELOC for those looking to consolidate their debts. Sovereign Bank is a wholly owned subsidiary of the Spanish firm Santander Group, one of the largest banks in Europe.
Related Provider Reviews: Sovereign Bank Mortgage
Springleaf Financial has been in business, under different names, since 1920. Springleaf offers unsecured loans and vehicle title loans in 30 states. Customers can begin the application process online or visit a branch office. Online applications must be finalized in person in a branch location. Springleaf loans are available to consolidate debt, make home improvements, pay for college expenses, or to cover an emergency expense. Springleaf loans do not have any prepayment penalties.
OneMain was formerly CitiFinancial. OneMain offers unsecured and secured loans. Loans are available for debt consolidation, home improvement, and to cover unforeseen expenses or emergencies. OneMain has 1,300 branch locations nationwide. States they do not work in are Alaska, Arkansas, Connecticut, Massachusetts, Nevada, Rhode Island,and Vermont, as well as Washington D.C.
As one of the nation's leaders in the banking industry, Bank of America is known and trusted among many Americans. For people in need of a debt consolidation loan, Bank of America offers a product called Clean Sweep Line of Credit. The loan has no annual fees and is an unsecured loan. Bank of America is a leading issuer of credit cards and debt instruments, and then also offers debt consolidation loans and mortgages for Bank of America consumers with debt.
Related Provider Reviews: Bank of America Mortgage and Bank of America Reverse Mortgage
Atlanta-based SunTrust enjoys leading market positions in some of the highest growth markets in the United States and also serves clients in selected markets nationally. In addition, SunTrust provides customers with a full range of technology-based banking channels, including Internet, PC, and Automated Telephone Banking.
Related Provider Reviews: SunTrust Bank Mortgage
Western Sky Loans makes high-interest, unsecured loans. Interest rates range from 89.68% to 342.86% APR. Loan amounts range from $850 to $10,000. There are loan fees, too, taken from the loan amount up-front. Loans have no prepayment penalty. Western Sky makes loans in over half the states in the USA.
Cash Call makes high-interest personal, unsecured loans. Loan amounts range from $2,600 to $25,000. Interest rates range from 35.87% APR on a $25,000 loan to 184.36% on a $2,600 loan. According to the Cash Call Web site, "not all applicants will qualify for every loan product or the lowest interest rate for a particular loan product. Some applicants will not qualify for any of our products." Cash Call makes it clear that their lowest rates (still quite high rates) and higher dollar loans are available only to customers with excellent credit.
The CFPB filed a lawsuit against Cash Call and two related companies in December 2013. See this Bills.com article to learn more about the CFPB's Cash Call lawsuit.
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