NOVEMBER 2020
BEST WAY TO GET RID OF DEBT
Debt consolidation loans can get you out of debt even faster than alternative options – saving you even more money in interest.
We looked around for the best option, New York Debt Relief was the Nation’s Top Rated Debt Consolidation Company.
Find out how much you can save by having New York Debt Relief help your get debt free without affecting your credit score.
National Debt Relief can consolidate various types of debt including credit card, student, commercial, medical and personal debts of all types.
The Competition
# 1 | New York Debt Relief
#2 Clear One Advantage
#3 Government Assistance
#4 National Debt Management
#5 National Debt Relief
# 1 | New York Debt Relief
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#2 Clear One Advantage
Easy to join, good advice in the beginning and program interest rate was decent compared to other options.
But we read customer reviews where, many customers had trouble getting in touch with anyone. And those that managed to graduate from their program and had money remaining in their COA account found it extremely difficult canceling and redepositing their remaining money back into their personal bank account.
#3 Government Assistance
If you’re overburdened by debt, you may have been told to seek “government debt relief programs”, but to the contrary, such a program does not exist. The US government does not sponsor any type of assistance with debt in the form of debt relief (also known as settlement or adjustment), debt consolidation, or grants specifically geared toward debt.
#4 National Debt Management
Customer service was decent (and much better than National Debt Relief!). But no better than Clear One Advantage.
They also offered a free credit counseling consultation (they all do) with a licensed credit counselor (in the above states) to review your debt accounts, help you create a realistic financial budget based on your income. |
#5 National Debt Relief
Appeared to have alot of bad press & reviews. That put us off them. But we checked them out for research anyway.
They had a legit service but we found better customer service, transparency, interest rates at Clear One, and in the end that meant more money in our pocket.
What we like the most was New York Debt Relief provide proven, predictable program to become debt free and allows you to pay off debts at a pace that fits your budget. They have helped over 1.2 million customers and had the best online reviews of their services.
Also, New York Debt Relief provided excellent customer service. We loved that we could get talk to a representative anytime we needed. They offered personalized programs with
Finally, its backed by their founder, Walter Burch. Not faceless in their service like so many others. They stand behind their service. We loved that!
Pros of Debt Consolidation
- Provides proven, predictable program to become debt free
- Saves money, reduces interest, waives late fees/penalties
- Allows you to pay off debts at a pace that fits your budget
- Manages multiple debts via single more affordable payment
- Puts you back in control of finances to help reduce stress
Cons of Debt Consolidation
- Requires discipline to make single monthly payment
- If you default, you revert to original creditor agreement
- Creditors not required to accept debt relief proposals
- Often takes 3-5 years, or more, to become debt free
Debt consolidation is a debt relief option allowing individuals to combine or “consolidate” multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month.
#2 Government Assistance
The government does not provide any specific financing options, but they recommend specific consolidators like FCAA & NFCC. These are, like other listed companies here in our review.
With government debt consolidation advice, they can help you consolidate multiple loans into a single new loan, with a new interest rate and payment terms. Additionally, a government debt consolidation plan can lower your monthly student loan payments or credit card payments by increasing the amount of time you have to pay back the loan and giving you access to other repayment options.
One of the drawbacks of government debt consolidation programs is that if your previous loans had benefits like rebates, interest rate disco
The government does not provide any specific financing options, but they recommend specific consolidators like FCAA & NFCC. These are, like other listed companies here in our review.
With government debt consolidation advice, they can help you consolidate multiple loans into a single new loan, with a new interest rate and payment terms. Additionally, a government debt consolidation plan can lower your monthly student loan payments or credit card payments by increasing the amount of time you have to pay back the loan and giving you access to other repayment options.
One of the drawbacks of government debt consolidation programs is that if your previous loans had benefits like rebates, interest rate disco
#3 Clear One Advantage
Clear One offers multiple lenders as options for debt consolidation. shopping for the lowest rate when consolidating debt with a personal loan which could save you thousands in extra interest paid over the life of the loan. Clear One Advantage’s technology was makes it fast and easy to find the best fit for any financial situation.
Additionally, they are there if you need any advice over the phone/email, which made it easy to get the process completed, they also over advice with no fee or obligation.
We preferred New York Debt Relief as they were quicker and clearer with their analysis of debt consolidation options. Furthermore, they had amazing customer reviews compared with others reviewed.
#4 National Debt Management
National Debt Management do not shop around for loans, hence we found better rates with Clear One Advantage who access multiple lenders.
Furthermore, National Debt Management is only licensed in Michigan, Ohio, Arkansas, Massachusetts, New Mexico, North Dakota, South Dakota, Vermont, Washington, West Virginia, Wyoming.
Customer service was decent (and much better than National Debt Relief!). But no better than Clear One Advantage.
They also offered a free credit counseling consultation (they all do) with a licensed credit counselor (in the above states) to review your debt accounts, help you create a realistic financial budget based on your income. |
#5 National Debt Relief
Firstly, we didn’t love these guys. They have very poor reviews online by customers (don’t believe what you see on their site, just check out their reviews directly).
We wondered if they were a scam. And although they were not a scam, they are not the best option. Why? Well, they collect your information and continually message you if you don’t sign up or continue.
Also, they were not transparent with the process. We were not sure about the financial advice, and they did not provide fast and simple feedback (for our seemingly simple debt consolidation situation).
They definitely have a good marketing department though.
"I tried something like this before and didn't feel comfortable. This experience has been the exact opposite.
"
After reviewing the market we found New York Debt Relief was the best. They had the best resources to help anyone struggling under debt understand how to manage and overcome the burden of financial difficulty.
We recommend getting a free quote to see how much they can save you with your debt problems.
