What Are The Top Debt Consolidation Companies in 2016 and 2017?

Debt ConsolidationIt is not uncommon for individuals to encounter debt that is overwhelming. Personal loans, medical bills, and late payments can all add up to a massive amount of debt. The good news is that if you are dealing with a large amount of debt and you are not sure how you are going to make ends meet, you may want to consider using the services of one of the top debt consolidation companies in 2016 & 2017.

However, it is important to know that these types of solutions are not considered to be instant fixes for your debt problems. These programs require a long term commitment from the debtor, and the credit rating of the debtor can also be negatively affected. You may still be required to pay the majority of debt you owe. The top debt consolidation companies will work with your creditors to help negotiate lower rates for you.

Although these creditors are not required to accept these negotiated prices, you may be able to consolidate the debt you have into one payment.

If you are looking for the companies to help with your debt, there are several reputable firms in the industry.

National Debt Relief

One of the top rated companies is National Debt Relief. This company helps its clients when they are facing difficulties with their financial situations. The company does this by lowering the total amount of debt a client owes.

The only downside to this company is that it does not offer a live chat customer support option for clients. This means that clients are not able to speak with a representative 24 hours a day.

New Era Debt Solutions

Clients say that one of the best features of working with this company is that the company is very transparent. New Era Debt Solutions also boasts a debt reduction rate of almost 40% and it also has very low fees.

Accredited Debt Relief

The main advantage this company has over others is that it offers services in 49 states. It also uses a comprehensive approach to help clients with debt management solutions. Clients are presented with a wide range of debt relief options including debt consolidation.

Freedom Debt Relief

Company Form for Consolidating DebtThis company has an excellent reputation of providing reliable and professional debt consolidation for their clients. The only downside that has been mentioned by clients is that it does take some time for the company to respond by email.

Another advantage is that Freedom Debt Relief does not charge clients advanced fees like other companies attempt to do. The average program with this company lasts anywhere from 24 to 48 months. Although this may seem like a long amount of time for clients, you should be wary of companies that promise to resolve your debt issues quickly.

It does not matter what company you choose. When considering one of the top debt consolidation companies in 2016 and 2017, you want to make sure you choose a reputable company. Do your research and find a company that is best suited for your personal needs.