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Best Debt Consolidation Programs of 2023

Debt consolidation programs can get your finances back on track. Our top debt consolidation programs can help you achieve financial freedom. 


Simple Debt Solutions

  • Loans up to $100,000
  • Quick and Easy Approvals
  • Personal Loans Are Flexible
  • Wide Range of Credit Scores

Accredited Debt Relief

  • No-Risk, 100% Free Consultation
  • Reduce Debt Fast
  • Debt-Free in 12-48 Months
  • A+ Better Business Bureau Rating

National Debt Relief

  • Quick and Easy Application Process
  • No Fees Upfront
  • Free Savings Estimate Today
  • A+ Better Business Bureau Rating

Freedom Financial Network

  • Free Personalized Evaluation 
  • Certified Debt Planners
  • No Upfront Fees
  • Customized Debt Solutions

Find the Right Debt Consolidation Program For You

If you're struggling to manage numerous monthly payments and overwhelmed by your debt, debt consolidation could be a potential solution to take control of your finances.

The average American family may be grappling with credit card, student loan, mortgage, auto, and personal loan debt. Debt consolidation offers a method to consolidate multiple outstanding debts into a single monthly payment, which can help streamline your finances and manage them more efficiently.

Opting for the right debt consolidation program can relieve you from the burden of debts and help you regain your financial footing. Debt consolidation companies that provide a structured plan with the guidance of certified credit counselors offer the most effective debt consolidation programs.

A typical counseling session will enable you to create a budget, develop money management skills, and establish a manageable monthly payment plan to eliminate debts. It is crucial to conduct thorough research before making a commitment.

Considering the importance of this decision, it is vital to understand what debt consolidation programs entail and how they can benefit you. Below are essential questions you should ask before committing to a debt consolidation planner:

  • Is the debt consolidation company accredited and associated with professional organizations?
  • How are the debt consolidation planners certified?
  • How will the debt consolidation program assist in debt repayment?
  • How successful has the debt consolidation program been in helping other clients?
  • What financial education will be provided during the debt consolidation program?
  • What is the cost of enrolling in the program?

Reducing debt can alleviate many life challenges. The right debt consolidation program should be your pillar of support in restoring financial stability.

Our Top Debt Consolidation Program Sites


Best For No Upfront Fees: Simple Debt Solutions


Top Debt Consolidation Customer Reviews: Accredited Debt Relief


Excellent Debt Consolidation Programs: National Debt Relief


Premier Accreditations: Freedom Financial Network

Our Top Debt Relief Program Sites


Best For No Upfront Fees: Simple Debt Solutions


Top Debt Relief Customer Reviews: Accredited Debt Relief


Excellent Debt Relief Programs: National Debt Relief


Premier Accreditations: Freedom Financial Network

1. Simple Debt Solutions: Best For No Upfront Fees


  • No monthly consultation fees
  • Member of Consumer Debt Relief Initiative (CDRI)
  • Performance-based Fees


  • Clients must have a minimum debt of $10,000
  • Not a member of American Fair Credit Council (AFCC)

Simple Debt Solutions, headquartered in Los Angeles, CA, provides debt consolidation services to borrowers in 36 states, including Washington, DC. The company, founded in 2020, has been operating for a solid three years and has already established itself in the industry. To be eligible for Simple Debt Solutions' services, clients must have a minimum debt of $10,000, which is a common criterion for most debt settlement firms. Additionally, the company exclusively settles individual accounts with a balance of $450 or more per account. Unlike most debt settlement companies that charge fees based on the total debt enrolled, Simple Debt Solutions determines its fees based on the amount you save when a settlement is accepted.

2. Accredited Debt Relief: Top Debt Consolidation Customer Reviews


  • Excellent customer satisfaction ratings
  • Reduce credit card payments by 40%
  • Debt-free in 12 to 48 months


  • Potentially high settlement fee of 25%
  • Not available in every state

Accredited Debt Relief, a debt consolidation company based in the United States, has established a solid reputation for its services since its establishment in 2011. It offers a diverse set of solutions to help individuals facing debt-related issues. With over 200,000 customers served, the company is known for delivering quality service and dependable outcomes. Though the settlement fee, which could reach 25%, may discourage some clients, the lack of upfront fees coupled with high customer satisfaction ratings make Accredited Debt Relief an appealing choice for those seeking prompt debt consolidation.

3. National Debt Relief: Excellent Debt Consolidation Programs


  • No upfront fees
  • No commitment free consultation
  • Good customer reviews


  • Closing fees may potentially be high
  • No guarantee of a settlement with creditors

National Debt Relief is confident in its ability to lower your debt by as much as 2530%. It operates like other debt consolidation firms by engaging your creditors to arrange debt reduction deals. Many creditors prefer settling for a lesser amount instead of risking total non-payment due to bankruptcy.

The company boasts of having made successful settlement negotiations with numerous creditors, and it provides free consultations to interested clients.

4. Freedom Financial Network: Premier Accreditations


  • High success rate
  • American Fair Credit Council membership (AFCC)
  • Focus on helping and protecting customers


  • Potentially high settlement fees
  • May not be able to resolve all accounts

Founded by Stanford Business School graduates Andrew Housser and Brad Stroh, Freedom Debt Relief is a U.S.-based company that has earned an impressive 79% excellence rating on TrustPilot. With a workforce of about 2,000 employees and over 500,000 clients, the company provides debt consolidation solutions that are consumer-friendly. In addition to debt consolidation, Freedom Debt Relief offers a selection of resources for debt and money management, as well as a scholarship fund for students in the United States.

More Information

What Is Debt Consolidation?

Debt consolidation refers to the process of merging several outstanding debts into a single loan, leading to a single monthly payment. This can potentially aid in saving on interest charges and speeding up the debt repayment process if the consolidated loan has a lower interest rate. However, it is important to note that debt consolidation does not cancel or forgive your debt. Additionally, some debt consolidation loans may have longer terms than the initial multiple debts, which could result in paying more interest charges over time, despite the potentially lower interest rate.

How Does Debt Consolidation Work?

If you opt for debt consolidation, you have various options to consider. Your debt type and amount should play a role in your decision-making process.

Balance Transfer: Some credit cards offer 0% interest rates on balance transfers for a limited time period. With a balance transfer card, you may be able to consolidate multiple debts onto one card and pay them off at 0% interest.

However, before you choose this option, be aware of when and how the card will start charging interest, balance transfer fees, and any potential limitations on promotional rates for new purchases. Additionally, make sure to plan ahead and utilize the interest-free period to pay off your debt and avoid falling back into the same situation.

Furthermore, check the credit limit of the card to ensure that it covers all your debts, and be mindful of how much of your available credit it consumes.

Personal Loan: Several lenders, including banks, credit unions, and online lenders, offer personal loans for debt consolidation. Personal loans can be used for various purposes, such as financing weddings, vacations, medical bills, and consolidating debt.

Debt-consolidation loans are installment loans that combine your qualifying debts into a single monthly payment, offering a straightforward approach to managing your finances.

However, before choosing a personal loan, make sure you understand the terms and fees, which can increase the total amount you pay back.

Home Equity Line of Credit (HELOC): HELOC is an alternative option for debt consolidation, where you apply for a line of credit backed by your home equity. However, this may be a risky option, as you'll be putting your home up as collateral. Failing to make payments on time could result in losing your home.

While interest rates on HELOCs may be lower than other consolidation options, it's essential to weigh the risk of losing your home before choosing a HELOC.