FinanceChoices
Debt Relief

Explore debt relief options

Understand consolidation, settlement, counseling, and bankruptcy alternatives. Compare programs from vetted partners.

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Editorial snapshot
  • Resolve Debt ReliefFees: 15%–25% of enrolled debt
  • Clearwater CounselingDMP fee: $25–$75/mo
  • Anchor Personal Loans8.99%–29.99% APR
Advertiser disclosure. Finance Choices may receive compensation from partners featured on this site. Compensation may affect placement, but our editorial opinions and comparisons are our own.

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Debt SettlementDebt ConsolidationCredit CounselingDebt Management PlansBankruptcy educationDebt Payoff Calculator
Top picks

Compare top providers

Editorial picks updated regularly. Compensation may affect placement.

RD

Resolve Debt Relief

4.6
Best for $10k+ unsecured debt
APR / Rate
Fees: 15%–25% of enrolled debt
Fees
Performance-based
Show details
  • Single monthly program payment
  • Negotiated debt settlements
  • No upfront fees
Pros
  • Established provider
  • Free consultation
Cons
  • May affect credit score
  • Results not guaranteed

On Finance Choices' partner site. Rates, fees, and terms subject to change. Prequalification does not guarantee approval.

CC

Clearwater Counseling

4.7
Best for credit counseling
APR / Rate
DMP fee: $25–$75/mo
Fees
Nonprofit pricing
Show details
  • Debt management plans
  • Budget coaching
  • Creditor concession negotiation
Pros
  • Nonprofit
  • Educational focus
Cons
  • Closed credit accounts during plan

On Finance Choices' partner site. Rates, fees, and terms subject to change. Prequalification does not guarantee approval.

AP

Anchor Personal Loans

4.5
Best for consolidation loans
APR / Rate
8.99%–29.99% APR
Fees
1%–6% origination
Min. credit
660+
Amount
$2,500 – $40,000
Show details
  • Fixed monthly payment
  • Direct creditor payoff
  • No prepayment penalty
Pros
  • May lower total interest
  • Single payment
Cons
  • Requires fair-to-good credit

On Finance Choices' partner site. Rates, fees, and terms subject to change. Prequalification does not guarantee approval.

FAQ

Frequently asked questions

Will debt relief hurt my credit?

Debt settlement and some debt management plans can negatively affect your credit during the program. Impact varies based on starting credit and the program structure.

Are debt relief companies regulated?

Reputable companies follow FTC rules, which prohibit charging fees before settling at least one debt. Avoid any provider that demands large upfront fees.

Methodology

How we evaluate

Finance Choices ratings reflect fees, rates, eligibility, transparency, customer experience, and product fit. Compensation from partners may affect placement, but does not influence our editorial ratings.

Read full methodology →
Important. Debt relief programs may negatively impact your credit, may involve fees, and results are not guaranteed. Not all debts qualify. Consult with the provider and a financial advisor before enrolling.
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