Recommended Debt Consolidation Loans

Freedom Debt Relief offers debt settlement services to clients with at least $7,500 in unsecured debt, along with referrals for debt consolidation loans. Founded in 2002, it stands out for its long track record, suitability for complex situations, and refund guarantee. However, it’s only available in 31 states and can have expensive fees.

National Debt Relief is a well-established debt settlement company operating in the U.S. It is best suited for consumers carrying at least $7,500 in unsecured debt. It has no upfront fees, which lowers the barrier to starting the debt settlement process. One of the main drawbacks is its relatively high fee ceiling and the impact on credit score.

JG Wentworth has been helping individuals overcome financial hardships, through a variety of financial solutions, for over 30 years. JG Wentworth’s Debt Program can help reduce or eliminate your unsecured debt in as little as 24- 48 months. They negotiate with creditors on your behalf and can help you resolve your debt for less than what you owe.*

Accredited Debt Relief is a debt settlement company that works with consumers with at least $10,000 in unsecured debt who need a structured path out of financial hardship. It has good review scores and reliable customer service. However, geographic coverage is limited, and customers outside its service footprint will need to look elsewhere.

Credit Associates is a Texas-based debt relief and settlement company that helps people struggling with unsecured debt, such as credit card and medical bills. It negotiates with creditors on behalf of clients to reduce the total amount owed.

Important note: Debt settlement (Credit Associates' specialty) is not the same as debt consolidation via a loan. It involves negotiating a debt reduction rather than combining debts under a new loan.

Lending for Bad Credit is a personal loan marketplace and referral site that matches bad-credit borrowers with willing lenders. It’s an option if your financial health is subpar and you’re having a hard time finding or qualifying for financing, given that it offers prequalification without a hard credit pull.

AmONE, owned by the digital marketplace company QuinStreet (QNST), is a 26-year-old personal loan marketplace that connects borrowers to a network of lenders offering amounts from $2,000 to $100,000. AmONE is best suited for low- to mid-credit borrowers who value a human-led, guided matching process. The biggest drawbacks we found were the high number of marketing follow-up calls, texts, and emails from partner lenders after submitting information.

MoneyLion is a fintech-driven loan marketplace that advertises loan amounts from $1,000 to $100,000, with funding happening as fast as the next business day. It works well for people who want to shop and compare offers without a hard credit pull.