Debt Settlement Programs: Top Debt Settlement Companies of 2022


Susan Kelly

Dec 06, 2021

Debt is a valuable tool if used wisely. If you find yourself struggling with overdue debt or unable to pay your bills, then the debt settlement program is the best solution for you. You might be wonder that how debt settlement companies work. No worries about it. In this article, you will get to know the detailed information related to Debt Settlement and the top companies that offer the best debt settlement programs.

What is Debt Settlement?

Debt Settlement, also known as Debt relief and Debt Negotiation helps you to get out of the debt for less than the amount you owe. Debt settlement means the agreement between creditor and consumer in which creditor agreed to accept less amount than the consumer owe by promising the lump-sum payment instead of the monthly payment. Normally, Debt settlement offers range from 10% to 50% of what you owe.

Debt settlement provides financial relief to the borrower. Borrowers can contract with a debt settlement company to settle their debt. Debt Settlement companies provide a path out of debt by settling debt and consumers can result in paying less than owed. These companies negotiate with creditors to reduce the amount of debt. In return, they charge the fee that is calculated as a percentage of your debt. The company will charge the fee once your debt has been settled. Unlike debt consolidation, debt settlement makes a huge difference in quickly paying off your debt.

How Debt Settlement Works?

Debt Settlement is handled by Debt Settlement companies. Consumers hire them for the settlement and the company charge a 15% to 25% fee of the debt. First of all, find the best debt settlement company, inquire about their charges and make an agreement with them. After entering the agreement with the company, you will not send any payment to the creditor. Instead of this, you will make the remaining payment to the company.

You will be supposed to make the payment into the escrow account. The debt settlement company will negotiate with your creditor to accept the smaller amount. Moreover, debt settlement offer works only if it is sure that you cannot pay the full debt. You'll pay the settled amount to the company and the company will pay it to your creditor. The debt settlement process can take 2 to 3 years. This process benefits the consumer, debt settlement firm, and creditor equally.

Best Debt Settlement Companies of 2022

Here are the best debt settlement companies having reasonable fees and positive reviews.

· National Debt Relief

· Accredited Debt Relief

· Freedom Debt Relief

· CuraDebt

National Debt Relief

National Debt Relief is the top debt settlement company of 2022 that helps consumers to get out of debt through a debt settlement program. They offer a free consultation to explain your situation and talk over solutions. National Debt Relief was founded in 2009, they are more than 10 years in this business. The firm has an impressive A+ BBB rating and proven results of settling debt.

Moreover, the company negotiates with the creditor on your behalf without taking any upfront fee. They will charge a normal fee of 18 to 25% of the total debt after the settlement of the debt. You can enroll in the national debt relief program easily over the phone and settle your debt less than you owe.

Accredited Debt Relief

Accredited debt relief is one of the best debt settlement companies of 2022 based on its proven results, success and debt relief programs. This firm can settle your debt up to 50%. They provide a free consultation to consumers with a debt specialist to talk over situations and solutions.

Their minimum debt requirement is $10,000. Accredited debt relief has settled the debt of various customers through their personalized debt relief programs. Furthermore, the company offers a money-back guarantee in case, the customer is not satisfied and cancels the program.

Freedom Debt Relief

Freedom debt relief is the largest debt settlement company with a record of over $10 billion debt resolved since 2002. This company offers an online client dashboard through which clients can track their progress 24/7, including how much they saved, how much they owed and the progress of the company in the negotiation.

Like the above-mentioned firms, freedom debt relief provides free consultation and has no upfront fees for their debt settlement program. They charge the fee equal to the percentage of debt amount after the debt settlement program ended.


CuraDebt has helped thousands of customers to settle their debt up to 30% since 2000. They have the best debt settlement programs and special assistance with back taxes. Cura Debt settlement company offers special assistance to the consumers who owe back taxes. CuraDebt offers a free consultation. The exceptional thing about CuraDebt is that this company helps the customers who owe debts like credit cards, taxes, and personal loans.

All of the debt relief companies are reputable, offering the best services and helping customers in reducing their debts through their debt settlement programs.


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