Studies released by Urban Institute in July 2014 showed that 35% of Americans — that’s roughly one out of three — are so behind in their finances that they have debt in collections.
Many people become overwhelmed by their debts, but they don’t have to be.
This makes it easier to pay off debt because you are no longer bound to multiple payments and due dates every month.
The top performers in our review are National Debt Relief, the Gold Award winner; New Era Debt Solutions, the Silver Award winner; and Accredited Debt Relief, the Bronze Award winner.
Here’s more on choosing a service to meet your needs, along with detail on how we arrived at our ranking of 10 systems.
If you are struggling to manage your debt but unsure of what steps to take, you can look into solutions offered by loan consolidation companies. Many of these paths negatively affect your credit score, require long-term dedication and obligate you to still pay off the majority of what you owe.
Debt consolidation companies communicate with your debtors to negotiate lower rates on your behalf.
Whether you owe student loans or carry a balance on your credit cards, the impact of debt can be felt in many areas of your life.