Getting in debt is a problem for many individuals and families. Finding the right debt solution company will help protect you from bankruptcy and losing your home and prized possessions. FairLoanRate.com, an online personal finance magazine, rates the top debt-management companies in the U.S. These companies offer consolidation, mediation and counseling to help get you out of debt and on with your life. Many debt counselors charge large fees in advance; beware of these and read all disclosures of fees and other terms carefully.
NIH Federal Credit Union
FairLoanRate rates NIH Federal Credit Union as the top debt-management company in the U.S. The credit union offers debt-consolidation loans that combine debts into a monthly fixed payment over a pre-determined loan time frame. Loans are offered for terms up to 48 months. Loans range from $2,500 to $20,000. NIH offers a 1/4-percent reduction for payments made by automatic online payment or payroll deduction. The consolidation loan may offer a lower payment than what the borrower would incur with credit card charges.
NIH Federal Credit Union
P.O. Box 6475
Rockville, MD 20849
301-718-0208
nihfcu.org
CredAbility: National Consumer Credit Counseling Services
CredAbility, formerly Consumer Credit Counseling Services, was named as one of the top FairLoanRate.com's debt-management companies for its Debt Management Plan (DMP). As part of the process, clients meet with CredAbility counselors to review expenses and income. Counselors then explain the DMP process and detail a payout forecast describing how long it will take to pay off debt. Also discussed is the amount of money saved in interest payments and fees. The CredAbility counselors negotiate with creditors to waive late fees, reduce interest rates and eliminate other fees. Clients will make monthly deposits to the DMP which are distributed to creditors.
CredAbility: Consumer Credit Counseling Services
100 Edgewood Ave. NE, Suite 1800
Atlanta, GA 30303
404-527-7630
cccsatl.org
American Debt Solutions
American Debt Solutions is rated among the top debt-management companies by FairLoanRate.com. This company offers debt consolidation for department store cards, unsecured loans, IRS loans and credit card debt. American Debt Solutions offers credit counseling, reduced monthly payments and a consolidated monthly payment. The program offers clients the ability to save money and payment length over the time of the loan.
American Debt Solutions
56925 Yucca Trail, Suite 360
Yucca Valley, CA 92284
888-360-0009
americandebtsolutionsllc.com
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