Best Debt Settlement Companies: Top 5 Debt Relief Companies of 2021

Best Debt Settlement Companies: Top 5 Debt Relief Companies of 2021

Everyone has most likely had some kind of issue in their financial life. Finances can be pretty frustrating if they run out of control, and the most common problem people face is debt. These four letters can bring negative changes to your mood and affect your life in multiple ways.

If you are in debt, you need to seek the best solution. Some of you may take credit for refinancing, some of you may ask for lenders and loans, while others may make the right choice in seeking help from debt settlement companies.

The process of finding the best debt relief companies is not an easy job, so we wanted to provide you with our help in finding the best one for solving debt issues. As a result, we have created a list of the best companies providing this service. So, keep reading to learn how to make your financial woes a thing of the past.

Top 5 Best Debt Settlement Companies Review

  1. CuraDebt: Best Company Overall & Editor’s Pick
  2. Accredited Debt Relief: Best for Debt Settlement 
  3. National Debt Relief: Best for Student or Business Debt
  4. Citizens Debt Relief: Best for Debt Consolidation
  5. DMB Financial: Best for High-Interest Credit Card Debt

#1. CuraDebt: Best Company Overall & Editor’s Pick


CuraDebt is a trusted company that has existed since 2000 and has offered thousands of people a debt solution. With CuraDebt, you will find a solution for your debts, and you may pay less than you owe. It is an established company that provides debt relief services for struggling individuals. They use a process called debt settlement and offer a free consultation to decide whether the debt management plan is right for you.

This Florida-based company has earned an A+ BBB rating for its practices and excellent customer service. CuraDebt can take care of several types of debts like personal loans and credit cards, but the company is a high-ranked for focusing on tax debts.


CuraDebt is the best for tax debts because of one main reason — it has a team of professionals with many years of experience helping to resolve taxpayers’ liability with the assistance of the Internal Revenue Service and state tax authorities. This company has a dedicated team of counselors who want to help you repay your tax debts. Its services are available in 50 states, but only 25 will have full access to the range of services.

In addition, it is crucial to know that this company is free of monthly administration fees. Instead, you will pay only 20% of your enrolled debt. This type of debt relief program typically lasts from 24 to 48 months. So, if you owe money to taxes, CuraDebt is the best debt solution for you, as it has a lower minimum debt of $5,000.

Furthermore, CuraDebt offers customer support via email and phone Monday to Friday from 9 am to 8 pm. It also provides several other opportunities, except for solving the tax debts like personal and payday loans and medical and credit card debts.


  • The company has been established since 2000.
  • It is based in Florida and has many years of experience.
  • It is the best solution for tax debts.
  • It requires a minimum debt of $5,000.


  • Variety of debt options available
  • More than 200,000 satisfied clients
  • Free consultation
  • Provides help for creditor violations
  • Low and affordable fees


  • No dashboard or mobile application available

Client Testimonials

Everyone with debt issues deserves a trustworthy company that can adequately resolve their debt issues. By using this company’s services, you can be sure you will resolve all of your debt-related problems.

This company is recommended by thousands of people all over the globe. According to users, it has one of the most polite and friendly customer support teams. CuraDebt has helped people through challenging times and has solved their debt issues, and clients are very thankful for the solid consultation and the team of professionals.

⇒ Click Here to Visit the Official Website of CuraDebt for the Best Deals

#2.Accredited Debt Relief: Best for Debt Settlement


Accredited Debt Relief is a San Diego-based company and is recognized as one of the best for debt settlements. It has an A+ accreditation from the Better Business Bureau, and it was established in 2011 with over 85,000 clients all over the globe.

They aim to help you solve your debt settlements as soon as possible and negotiate settlements with the creditors for less money than you owe. This American debt settlement company will reduce the debt you owe and help you become a debt-free individual in less than 12 months.

Accredited Debt Relief will start the process of helping you out with a free consultation. Then, your certified debt resolution specialist will help you realize how much money you should start saving each month for the program and how long it will take the process to work.


This debt settlement company may help you release many debts, such as personal and payday loans, medical bills, and credit card debts. However, they will not assist you in solving the issues with secured debts, like a mortgage or a car loan.

This firm does not offer a mobile application, but it does have excellent customer support available 7 days per week from 7 am to 7 pm. The company’s website is also the number one place to get all of the information about the process of debt consolidation. This firm can even provide you with a money-back guarantee if you are not satisfied with the services.

Accredited Debt Relief is geared toward clients who have $10,000 in unsecured debt to settle. If you have a smaller sum, you have other alternatives, such as debt management programs, debt consolidation loans, and credit counseling. From any point of view, this firm is one of the best high-ranked debt settlement alternatives in the financial field.


  • The company has been in business since 2011.
  • It is based in San Diego.
  • The company has more than 85,000 satisfied clients all over the globe.
  • With this firm, you can be a debt-free individual in less than 12 months.
  • Accredited Debt Relief is for individuals with $10,000 worth of debt.


  • No upfront fees
  • Money-back guarantee
  • A+ BBB rating
  • Excellent customer service and support
  • One of the best debt settlement alternatives
  • Substantial info about the debt process provided on website


  • No mobile application

Client Testimonials

People say a lot, so we watch what they put into reviews. It is an extraordinary feeling when you know the company you gave your trust to has 90% of excellent reviews from people worldwide.

Clients said they were not under stress anymore and were very pleased and calm after collaborating with the professionals. They stated Accredited Debt Relief is a solution for almost every debt issue, and they highly recommend it to many other individuals with the same problems.

⇒ Click Here to Visit the Official Website of Accredited Debt Relief for the Best Deals

#3. National Debt Relief: Best for Student or Business Debt


National Debt Relief appears to be one of the best debt settlement solutions in the world. It first appeared in 2009, and since then, it has become one of the most respected debt settlement solutions among clients. This firm is accredited by the American Fair Credit Council and the International Association of Professional Debt Arbitrators, and it also has an impressive A+ BBB rating.

If you choose National Debt Relief, you will be faced with a team of professionals and excellent negotiators geared to solving all of your debt issues. They are ready to contact each of your creditors and put your debts on a lower level. This team deals with credit card companies, hospitals, banks, etc., and they aim to resolve all your debts once and for all. National Debt Relief can take care of many kinds of debts in a span of 24 to 48 months.


An important fact to know is that this company does not charge any upfront fees. So, you will not have to pay before you start with their services. When the debts are settled, you will pay your consultant 15% to 25%, and if you are not pleased with the results, you can always ask for a refund.

National Debt Relief works with people who have at least $7,500 in qualifying debts. They deal with many types of debts, including major credit card and department store card bills, bank, installment, and unsecured personal loans, gas cards, and outstanding cell phone bills, rent, and veterinary bills, among others.

However, this company does not offer solutions for mortgages, child support payments, car loans, back taxes, gambling debts, car repair bills, insurance policies, or bail bonds. In addition, this firm offers email and phone customer service, which is available from 8 am to midnight. Overall, National Debt Relief can provide you with many opportunities for resolving your debts and is an excellent choice for your financial stability and reliability.


  • It is an American company established in 2009.
  • It offers a debt solution in 24 to 48 months.
  • It works with clients who have a debt of at least $7,500.
  • It has personalized programs for resolving debts.


  • Assists with a variety of debts
  • A+ BBB rating
  • Free consultation
  • No upfront fees
  • Highly rated among clients worldwide
  • Available and polite customer support


  • No mobile application

Client Testimonials

We can assure you National Debt Relief is one of the highest-ranked companies for debt settlement across the globe, and it has more than 80% excellent ratings on a variety of review websites.

When we talk about what people liked about this company, we can say they were satisfied with the team’s courtesy and professionalism. After using its services, clients said everything was seamless, and they are now free from debt-related stress.

⇒ Click Here to Visit the Official Website of National Debt Relief for the Best Deals

#4. Citizens Debt Relief: Best for Debt Consolidation


Citizens Debt Relief is another one on the list of the best debt settlement opportunities in the U.S., and it was first founded in New York in 2017 by a team of specialists in this field. In a short time, this company has earned a high reputation and trust among clients. It has also received an A+ BBB rating and accreditation from the American Fair Credit Council.

This firm eliminates their clients’ debts for less than the original sum owed, and it does that by working directly with the debtors to seek a reasonable solution that seems fair to both sides. With this company, you have a chance to go through a free consultation where the professional team will see whether you are a good candidate for debt settlement.


Citizens Debt Relief is a company that works by plan and has a step-by-step approach to solving any debt. First, they establish a monthly payment plan and then create an account for savings with a Citizens Debt Relief partner. After that, they communicate with the creditors and negotiate for a lower rate.

By using the services of this company, clients usually see results after four to seven months. However, you can expect the whole process to last from two to four years. The company does not require any fees before reducing your enrolled debts, and they offer flexible and low pricing.

Citizens Debt Relief is at your services from Monday to Friday from 10 am to 6 pm, and you can contact them by phone or by email. Their team of professionals is always ready to answer your questions and consult with you about your future financial decisions.


  • This firm is headquartered in New York.
  • It was found in 2017 by a professional and experienced team.
  • This company works directly with debtors.
  • It has a step-by-step approach for debt solving.
  • With this alternative, you will see results after four to seven months.


  • Reduces debt from 40% to 60%
  • CDRI-certified
  • A+ BBB rating
  • Accreditation from the American Fair Credit Council
  • Excellent and available customer service
  • Free consultation
  • No hidden fees


  • Not available in all states
  • No limited pricing information

Client Testimonials

As an accredited company for debt settlement, Citizens Debt Relief has more than 90% of excellent reviews on websites over the internet. That can be significant proof of a company’s worth and reliability.

Clients were more than pleased and grateful for the services of the professional team. They said Citizens Debt Relief’s programs changed their lives in a better direction and cleaned their debt history by more than 60%.

⇒ Click Here to Visit the Official Website of Citizens Debt Relief for the Best Deals

#5. DMB Financial: Best for High-Interest Credit Card Debt


DMB Financial is the last on the list of the best debt settlement companies we have prepared for you. It is a good solution for your debt issues and one of the best debt settlement alternatives in this field. This company claims to have managed over one billion in debt since it was first established in 2003.

This firm promises to help you get out of your debts through a process called ‘debt settlement.’ When you choose this company, the first step you will take is to sign up for a debt settlement and stop all of your payments on credit cards, medical, and other debts you already have. Instead, you will be asked to deposit a set amount of money to an FDIC savings account. Once you have enough money in your account for a debt settlement, DMB Financial will work on your behalf to slow your debts down.


  • Quality customer support
  • Free consultation
  • Accredited with the AFCC
  • Client portal offers a track for your debt settlement process
  • High ratings and positive testimonials from clients


  • Extensive time for a debt settlement
  • Does not disclose its upfront fees


DMB Financial admits their process of reducing debts usually takes 36 to 48 months, and it offers you additional information for this process only if you choose to have a consultation first. They work to be dedicated, professional, and honest, and with this company, you will have an available track of your debt settlement process in real-time.

This firm deals with several debts, such as medical bills, personal and payday loans, and credit card debts, and they aim to solve unsecured debts.

In addition, this company is accredited by the American Fair Credit Council and is trustworthy among clients across the globe. It is crucial to know they are offering a free consultation and quality customer support. Their services are available Monday to Thursday from 8 am to 9 pm, Fridays from 8 am to 5 pm, and Saturdays from 9 am to 1 pm.


  • This company has roots from 2003.
  • It specializes in debt settlement and client consultation.
  • It deals with several types of debts.
  • The period for reducing debts usually varies from 36 to 48 months.
  • This company has a dedicated, honest, and professional team.

Clients Testimonials

DMB Financial’s professional and experienced team strives to give you the best results in this field. On the internet, you will find plenty of positive critics of this company, with thousands of satisfied clients across the globe.

According to the comments from clients, DMB Financial gave them support and made their financial hardship less stressful. This team is honest and trustworthy and highly recommended among people with debt issues.

⇒ Click Here to Visit the Official Website of DMB Financial for the Best Deals

Categories of Debt

Almost every person encounters some kind of debt in their life. However, we can say not all debts are created the same way, and some are better than others. All personal debts can be categorized into a few main types — secured, unsecured, revolving, and mortgages.

  • Secured Debts

A secured debt is a kind of debt that is backed by an asset for a collateral purpose. The lender requires a credit check to know how the debt has been handled in the past. The asset will be pledged to the lender in case the borrower does not repay the loan. If the particular loan is not paid back, the lender has the option to seize the asset.

  • Unsecured Debts

The unsecured debts lack any collateral. When a particular lender makes a loan without an asset held as collateral, it does it on the faith of the borrower’s promise to repay the loan. In this case, the borrower is bound by a contractual agreement to repay the debt, and if an issue occurs, the lender can go through court to reclaim the owed money.

  • Mortgages

Mortgages are the most frequent and common debts many people across the globe carry. Mortgages serve as loans for purchasing homes, and the subject real estate serves as collateral. The borrower should apply for a mortgage through the preferred lender and ensure they meet several requirements. The mortgage applications then go through a rigorous process before they reach the closing phase. These types of loans are based on the needs of the borrower.

Debt Settlement Process Explained

If you want to start paying off your debts or lowering what you already owe, you should begin with debt settlement. Before choosing this option, however, you must be aware of the debt settlement process and how it works. It can be beneficial for some people, while it can also be harmful to others. For that reason, you must be aware of the advantages and disadvantages of hiring a debt settlement company.

The debt settlement company can act as a middleman between you and your lender or creditor to lower or eliminate your debts. A debt settlement is an agreement reached between the borrower and the creditor for only one aim — to lower or to erase the debts.

There are a few possible methods for getting a debt settlement. A third-party company or a lawyer usually does this process, and you will be obligated to pay for that service. This process means that even if your debts are settled for less, you still have additional costs outside of your debt.

If you hire a debt settlement company, you have to start making payments to that company. So, you should have a regular amount of money in an account your company can use and start making payments on the debts you owe. This process of debt settlement usually requires several steps, including:

  • If you are the borrower, first, you explain your situation to the debt settlement company.
  • During the process, your chosen company will advise you to stop making payments to the creditors.
  • A company of this kind will put your money into a savings account.
  • When the savings on your account reach a specific threshold, the company will negotiate with the creditors for a debt settlement.
  • If the debt settlement is successful, that company will retain an amount of money in your savings account.

Benefits from Debt Settlement

  • Avoid Bankruptcy

The main reason many people around the world choose debt settlement is to avoid bankruptcy. If you ever face bankruptcy, it will stay on your credit report for over ten years. Many credit cards, loans, and job applications ask if you ever have dealt with bankruptcy, and if you lie and just say no, you will be found guilty of fraud. This situation will lead you to many undesirable acts, and you may even lose your job.

If you make the right choice and select the debt settlement method, you will avoid bankruptcy consequences. Debt settlement will stay on your credit score for over seven years, and there is no public record that you have dealt with debt settlement after that time.

  • Get Rid of Overwhelming Debts

If you are legitimately in trouble with repaying your debts or do not repay your debts on time, debt settlement companies may help you solve these issues. If you have negotiated and paid your settlement, you will be debt-free in less time and at a lower cost than paying off your debts on a typical repayment schedule.

Debt settlement companies are way better than facing bankruptcy and other unpredictable situations that may stand in your way and affect your credit score. This alternative is an excellent way to handle all of your personal secured and unsecured debts and get your life back on the right track.

  • Repay the Debts in Less Time

If you chose a trustworthy and dedicated debt settlement company, you could get rid of all of your debts in a period from two to four years. This alternative can cost you less time than repaying your debts in a usual way and by a schedule. For instance, it may take a long time, usually more than seven or eight years, to repay the debt in a typical way.

  • Effective Process

A reputable and trustable debt settlement company may reduce your debts from 25%, 30%, 40%, or even more than the owed amount, including fees. Then, the provider will take payments only when the debt is settled. There is no such thing as a waste of money in terms of debt settlement. These companies aim to reduce your owed amount and help you never get back on the previous debt situation. That is the main reason people all around the U.S. choose this option.

Factors to Consider Before Choosing the Best Debt Settlement Companies

If you want to have a safe and successful trip while dealing with debt settlements, you should consider several factors, as they will serve as indicators to know whether a particular company is good for you.

  • Requirements

Some debt settlement companies will not set the amount of debt you have. When you consider the requirements of a company, you should always look for the minimum required debt, minimum debt per account, and the types of debt settled.

Some debt settlement alternatives will only deal with some types of unsecured debt like medical bills and credit card debts. Many of them do not offer services for private student loans. These firms usually have minimum amounts of debt they will negotiate, and some of them have minimum amounts required for an account.

  • Fees

In this financial world, many companies that work with debt settlement have high fee percentages. So, when you decide to hire one of those companies, you should seek a firm that charges the lowest fee percentage. Another significant thing you should consider is that some companies charge a fee on the total debt, while others charge on the reduced debt.

  • Accreditation 

When choosing the best debt settlement alternative, you must always look for accreditation. It is highly recommended that each of these companies is accredited by the AFCC or the International Association of Professional Debt Arbitrators, and it is ideal if you find a company that is certified by both. These organizations provide members with specific standards made to ensure protection for all clients.

  • Transparency

Unscrupulous debt settlement companies may offer you big promises, suggesting this settlement will not affect or hurt your credit score. The real thing is that these companies cannot protect your credit score, and a company with transparency will be honest with you about these facts. So, it is a good idea for you to check its website and disclose the effects on your credit score.

  • Customer Support

Every company should have available and dedicated customer service, as it is always good to have all of the information about this process before getting started. The customer support team should be available at least eight hours per day, and it is a big plus if you can reach them on Saturdays.

  • Client Testimonials

Customer feedback can tell you a lot of information about a particular company in terms of its transparency, quality, stability, and reliability. So, you should check all of the reviews on the websites and research reviews with the Better Business Bureau as well. You should look for a highly-ranked company if you want to take a safe and successful trip through your debt settlement process.

FAQs: Debt Settlement Companies

Q1. Are Debt Settlement Firms Legitimate?

There are no exceptional guarantees about these companies’ legitimacy. But, the professionals with a wealth of experience in this field claim to know which kind of companies you must avoid. Some aspects of a company you should avoid include ones that:

  • Charge fees before debt settlement.
  • Claim they can settle all of your debt.
  • Guarantee you they will make your debt go away.
  • Tell you to stop communication with the creditors.
  • Tell you the debt settlement will not affect your credit score.
  • Claim to provide debt relief in less than a year.

We recommend you to be very cautious when choosing a debt relief company in order to avoid ones that are going to scam you.

Q2. Who Should Use Debt Settlement?

Debt settlement is not for everyone. It is a delicate process, and it takes time to see successful results from it. This process can be an option for all of the clients who cannot afford their payments and who do not want to file bankruptcy. It is a pretty good solution for those who believe in the effectiveness of the process and can choose a successful and trustworthy company with an experienced team.

Q3. How Much Do Debt Settlement Services Cost?

You can expect these companies to charge fees based on the percentage of the owed debts. They usually charge from 15% to 25%. For example, if you have a debt of $10,000, you will pay the company for the settlement $1,500 to $2,500. Moreover, you should also consider that if you set money aside in a dedicated account managed by a third party, you will also have to pay them money.

Q4. What Is the Difference Between Debt Settlement and Debt Counseling?

Debt counseling and debt settlement are two different approaches to reducing your debts, and they are quite distinct from each other. With debt counseling, you will have higher costs, as you will pay all of the debt balances plus the additional fees. With the debt settlement, however, you only pay for a portion of your debt load. This difference makes the debt settlement process more likable and chosen among people with debt issues.

Q5. Which Kind of Debt Can Be Resolved?

In general, we can assure you each kind of unsecured debt can be negotiated in the process of debt settlement. The debt settlement program can include credit card debts, medical bills, signature loans, department store cards, and unsecured lines of credit.

Q6. Does the Debt Settlement Process Affect a Credit Store?

Yes, it does, but we cannot say if it has a positive or a negative impact. One of the most significant things you should know is that if you are late with or stop your payments, your credit score can be negatively affected. Overall your credit score history appears to be the most significant factor in determining your FICO credit score.

If you take the second option, which is asking for help from a debt settlement company, this will also appear on your credit history. But, the second option is way better than the first one, as the former may lead you to become a bad credit holder.

Q7. What Makes the Best Debt Settlement Company Distinct Than Others?

Several things make the best debt settlement companies we have provided for you better than others in this field.

  • Their excellent turnaround time. Although it is pretty rare, some companies may take three to five years to make a debt settlement. The best debt settlement firms have a track record of getting their job done because of their established relationships with major financial institutions. This appears to be their significant step to expedite settlement negotiations.
  • They have no upfront fees. The best debt settlement companies do not charge upfront fees. They will first have the process done, and then they will provide you with the info about the payment.
  • Experienced team. We recommend you always stay in touch with companies that have a long experience in the financial field. So, look for debt settlement reliefs that have been around long enough to achieve a good and successful debt settlement.

Q8. What Are the Advantages of Debt Settlement?

Choosing debt settlement as an option for your debt issues can have plenty of advantages, such as avoiding bankruptcy, maintaining privacy over your affairs with finances, controlling your financial future, lowering overall costs, and providing flexibility. This process is far better than many other options for coping with debt issues.

Final Thoughts

This article is aimed at helping those who have issues coping with their debts. So far, we have concluded the situation with your debts can be pretty frustrating, and you should always look for the best alternative to resolve that problem.

So, we suggest you go for the top debt settlement companies like CuraDebt or Accredited Debt Relief. With the vast choice of debt settlement companies out there, you must be careful when selecting a debt settlement alternative, as this choice can be crucial for your credit score and overall credit reputation. So, we sincerely hope you will find the best option for you and will have a successful debt-free future by using the information we have provided.

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