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Accredited In-Depth Review
In a nutshell: Accredited DR makes it easier & faster to pay off credit card debt. It offers services covering debt reduction, consolidation loans, and more.
Accredited In-Depth Review
In a nutshell: Accredited DR makes it easier & faster to pay off credit card debt. It offers services covering debt reduction, consolidation loans, and more.
Accredited In-Depth Review
In a nutshell: Accredited DR makes it easier & faster to pay off credit card debt. It offers services covering debt reduction, consolidation loans, and more.
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Overview

Accredited Debt Relief is a debt consolidation company that helps Americans facing credit card debt by lowering monthly payments, and reducing the principal balance. New customers can start with a free consultation. Their website also hosts a calculator so that customers can view their potential savings and debt resettlement options in advance. Overall, their service helps those with debt of at least $10,000 or more come up with a sensible plan for paying off money owed.

Application Process

Accredited Debt Relief offers free consultations either by phone or through an online form. Customers interested in filling out the online form should be prepared to provide the following information: total debt owed, state of residence, first name, last name, email address, phone number. Once the consultation is complete, Accredited will provide a quote including an estimated savings plan. When both the customer and agent agree on a price, the customer will begin to make month-to-month payments.

Debt Services

Accredited Debt Relief focuses on debt reduction and debt consolidation. Their service costs range between 18%-25% of the total money owed, although pricing can vary depending on the state of residency. Although their advisors will help with debt management, they do not provide assistance in improving credit scores.

Before signing up for a free consultation, customers can go to the website to find out their savings using the debt consolidation calculator. If you have a debt of $25,000, for instance, the calculator will show an example of how to pay off debt by adjusting the repayment period and reveal overall savings. On average, repayment periods for debt resettlement range between two to four years.

Types Of Debt Covered

The company provides services in both debt management and debt consolidation. They offer multiple plans to meet the needs of individuals facing a variety of financial burdens. They will help reduce your debt as well as the lower amount you pay.

For those looking to simply lower their interest and monthly rates, Accredited has a debt consolidation service specific to their needs as well.

Customer Support

Accredited’s customer satisfaction rating is high. Many of their customer reviews online mention that representatives are friendly, patient and easily understandable. Customers can get in touch with customer support by phone or mail. Those looking to do research of their own can check out Accredited Debt Relief’s FAQ page on their website.

prosAndCons icon
Pros
  • Debt reduction & consolidation
  • Free consultation
  • Informative & friendly representatives
prosAndCons icon
Cons
  • Not available in all 50 states
  • Min debt recommended is $20,000
Accredited at a Glance
8.4Editorial Score
Application process
8.0
Application is straightforward and can be done entirely online, documentation requests are reasonable
Customer support
9.0
Phone and email support Monday through Friday from 8 AM to 11 PM ET, and Saturday and Sunday from 9 AM to 6 PM ET
Eligibility criteria
9.0
Accepts a range of unsecured debt, requires proof of financial hardship, but flexible, operates in most states
Customer rewards
7.0
No rewards
Financial tools and resources
9.0
No-risk guarantee, free consultations, personalized support, negotiate with creditors to reduce debt amount, consolidation loans
FAQs About Debt Consolidation Loans
Looking to improve your financial well-being and simplify your monthly payments? In addition to comparing some of the best debt consolidation loan companies, we've compiled some of the most commonly asked questions about debt consolidation loans to help you make an informed decision.
What is a Debt Consolidation Loan?
A debt consolidation loan is a financial tool that allows borrowers to combine multiple high-interest debts into a single, fixed-rate loan with one monthly payment. Debt consolidation loans often offer lower interest rates than credit cards, making them a practical option for managing debt more effectively. By consolidating debt into a structured loan, you gain better control over your finances and can work toward becoming debt-free on a predictable timeline.
How Does a Debt Consolidation Loan Work?
Borrowers typically have two primary options for consolidating debt:
  • Balance transfer credit card: A 0% interest balance transfer credit card allows borrowers to transfer multiple debts onto a single card and pay off the balance within a promotional period.
  • Debt consolidation loan: A fixed-rate personal loan designed for loan consolidation, where the borrower receives a lump sum to pay off existing debts and then repays the new loan in fixed monthly installments.

Choosing the best debt consolidation loan depends on your financial situation, credit score, and interest rates offered by different debt consolidation loan companies.
Does debt consolidation affect credit?
A debt consolidation loan can impact credit in both positive and negative ways:
  • Potential benefits: Making consistent, on-time payments can improve your credit score over time. Additionally, consolidating multiple accounts may help lower your credit utilization ratio.
  • Potential drawbacks: If a borrower continues to accumulate new debt after consolidating, their credit score could suffer. Late or missed payments on the new loan can also negatively affect credit scores.

Choosing the best debt consolidation loan depends on your financial situation, credit score, and interest rates offered by different debt consolidation loan companies.
What is the Best Debt Consolidation Loan Option?
The best debt consolidation loan for you will depend on several factors, including:
  • • Total debt amount and type of debt (credit cards, personal loans, medical bills, etc.).
  • •Financial history and credit score (affects loan eligibility and interest rates).
  • • Total debt amount and type of debt (credit cards, personal loans, medical bills, etc.).
  • •Repayment terms and interest rates (compare lenders for the best offers).

Borrowers should compare the best debt consolidation loans by reviewing different lenders, loan terms, and interest rates. Our comparison tool provides insights into the best debt consolidation loan companies, helping you find a lender that fits your needs.
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