The Best Debt Consolidation Companies in 2022

If you've been looking for a guide to help find The Best Debt Consolidation Companies, look no further. We have researched and reviewed the top debt consolidation companies to present you with a list of recommendations that will fit your needs best.

1. National Debt Relief (https://ww5.nationaldebtrelief.com/)

National Debt Relief is our top recommendation for those who need debt consolidation help in the USA. With over 10 years of experience under its belt, the company successfully helped people save over $2 billion by taking out personal loans. While having so many successful cases, National Debt Relief also has quite a good reputation when it comes to offering exclusive online promotions and opportunities such as no monthly fees or charges and a reduction of interest rates. The company is also known for its ability to negotiate with creditors and collect money for its customers, resulting in lower monthly payments and less stress overall.

Reviews: 4/5

• Great reputation
• Negotiates with creditors and collects money
• Customers: National Debt Relief helps people save over $2 billion by taking out personal loans

Pros:

• Possible application fee refund if denied
• Tax advantages
• No monthly fees or charges

Cons:

• Very high-interest rates

Final thoughts: All things considered, this is our top recommendation when looking for debt consolidation help online in America if you have a good credit score.

2. Student Loan Hero (https://studentloanhero.com/)

We recommend Student Loan Hero as an option of choice for those who want to consolidate their student loans without making too many changes. While the company offers consolidation loans only, the unique benefits make this a company worth exploring. For example, Student Loan Hero has a dedicated team that negotiates with your current lenders to lower your interest rates and fees – which helps you save money over time. In addition, the application process is streamlined since all you need to do is answer a few questions online and wait for an offer from the company's experts. In other words, you don't even need to deal with loan companies or make loan payments directly – something that not every debt consolidation company can boast about.

Reviews: 5/5

• No minimum FICO score requirement
• Consolidation loans only
• Customers: Student Loan Hero helps people save over $3 billion by taking out personal loans

Pros:

• Affordable consolidation loan rates with no origination fees

Cons:

• Only helps people consolidate their student debt

Final thoughts:

If you have a low credit score or can't qualify for regular loans – Student Loan Hero is one of the best companies we recommend.

3. Upstart (https://www.upstart.com/?__cf_chl_captcha_tk__=WlGS3s4Fj7AoazBWx2c.kEF9b5zdTKZLfWiwc3WJXhY-1638112242-0-gaNycGzNCKU)

We recommend Upstart as an option for those who want to apply for a debt consolidation loan without spending too much time filling out applications online. Students, recent graduates, and young professionals looking to start their careers are eligible for this company's special offers. You'll need to answer some questions about your current financial situation and educational background before getting accepted or denied, though. Granted, this company doesn't help everyone since only selected applicants can get approved based on their qualifications. However, once you're accepted, the company will provide you with a list of lenders willing to work with you and offer competitive interest rates and loan terms.

Reviews: 5/5

• No minimum FICO score requirement
• Loans from $1,000 up to $50,000
• Customers: Upstart helps people save over $3 billion by taking out personal loans

Pros:

• Affordable rates
• Great for young professionals

Cons:

• Requires applicants to meet certain requirements

Final thoughts:

Even though this is one of the companies that we recommend only to young professionals and students looking for a quick way out of debt, it's still worthwhile to explore since it offers low rates and doesn't require borrowers to have great credit scores.

4. FreedomPlus (https://www.freedomplus.com/)

For those looking for a reliable company that can help them get out of debt fast – we recommend FreedomPlus as an option. This is one of the companies with some unique perks that made us curious enough to explore further. For example, this company will negotiate with your lenders on your behalf to lower interest rates and monthly payments. What's even better is that you only need to pass some simple eligibility tests before getting accepted or denied by the company's representatives. Granted, not everyone will be eligible based on their credit status since you'll need a minimum FICO score of 680 to qualify for reasonable rates. However, this is a decent choice if you don't have great credit but still want to consolidate your credit card and student loan debt.

Reviews: 5/5

• No minimum FICO score requirement
• Consolidation loans up to $100,000
• Customers: FreedomPlus helps people save over $3 billion by taking out personal loans

Pros:

• Affordable consolidation loan rates
• Easy application process

Cons:

• Only students with high credit scores can qualify

Final thoughts:

If you don't have great credit but still want to lower your interest rates and monthly payments – consider applying for a loan through FreedomPlus. While the company requires applicants to have at least a 680 FICO score, it offers competitive rates to those who can find lenders willing to work with them.

5. LightStream (https://www.lightstream.com/)

For those looking for an easy way to consolidate their existing credit card debt – we recommend LightStream as an option. This company has streamlined the application process so that even those with low credit scores can apply and get accepted quickly without any problems or hitches. What's more, this is one of the few lenders that help people consolidate any type of high-interest debt, including car loans and medical bills too. So at least you'll need to answer some questions about your personal financial situation to determine if you're eligible for lower rates or not. Granted, this company doesn't offer loans with no FICO score requirements. Still, if you have at least an average score of 640, it will provide affordable consolidation loan terms.

Reviews: 5/5

• No minimum FICO score requirement
• Loans from $2,500 up to $100,000
• Customers: LightStream helps people save over $3 billion by taking out personal loans

Pros:

• Reasonable rates and flexible repayment terms

Cons:

• Minimum of 640 FICO score required for lower interest rates

Final thoughts: This is one of the few companies that can provide you with a list of lenders willing to offer low-interest consolidation loan terms. Granted, you'll have to meet certain basic requirements, including an average credit score of 640 or above, before being approved. However, if you're looking for a quick way out of debt – it's worth checking out.