Compare Top Debt Settlement
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#1
OUR FAVORITE
Accredited Partner
National Debt Relief
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Get out of debt without bankruptcy! |
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Learn More (844) 462-9121 | Read More |
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#2
Accredited Partner
Freedom Debt Relief
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As the largest debt negotiator in the nation, Freedom Debt Relief has resolved over $10 billion in consumer debt. Through their proven debt relief program, they have helped hundreds of thousands of Americans significantly reduce the amount they owe |
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Learn More (855) 381-0979 | Read More |
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#3
Accredited Partner
CreditAssociates
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CreditAssociates works with clients to provide fast and affordable debt relief. They provide free consultations for a wide-range of debt needs including credit card, medical, personal loans and more. |
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Learn More (888) 492-5184 | Read More |
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#4
Accredited Partner
Accredited Debt Relief
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From bankruptcy and credit counseling to debt counseling, management, and debt settlement, the experts at Accredited Debt Relief are ready to assist you. |
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Learn More (855) 381-0979 | Read More |
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#5
Accredited Partner
Pacific Debt Relief
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At Pacific Debt Inc, a certified debt counselor will act as your personal account manager to work with you with you on a plan to get out of debt |
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Learn More (855) 381-0979 | Read More |
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#6
Accredited Partner
CountryWide Debt Relief
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With a combined 30 years experience and an A+ rating from the Better Business Bureau, CountryWide Debt Relief has helped thousands of people resolve millions of dollars in debt. |
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Learn More (877) 944-9077 | Read More |
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#7
Debt Rx
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Debt Rx is one of the longest operating Debt Settlement and Debt Negotiation firms in America. Their team of debt negotiators has settled millions of dollars of unsecured debt |
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How to choose debt consolidation in Bakersfield
The median income in Bakersfield is lower than both the U.S. and California, and the state ranks fourth in the nation for highest credit card debt. The average household in Bakersfield holds $7,899 in credit card debt. Many residents are facing even higher amounts plus medical bills or other debt and are dealing with the constant stress of collection calls and letters from creditors.
There are several ways to start clearing your debt and reducing that stress, including debt consolidation, which refers to a range of services available to consumers. Consumers can learn about options for dealing with debt at usa.gov/debt.
Many companies that offer debt consolidation focus on debt settlement. Also called debt arbitration, debt negotiation or credit negotiation, debt settlement is a specific process. During debt settlement, you make monthly payments into an account set up specifically for debt settlement. The debt consolidation company will then use the funds in this account to settle your debts, sometimes for a lower amount than you owe.
Debt settlement is an option for unsecured loans only. Secured loans, which use require collateral as part of the loan, are not eligible for debt settlement.
- Secured debt: mortgages, auto loans, personal loans that use collateral
- Unsecured debt: credit cards, medical bills, payday loans
Debt consolidation companies prefer a minimum amount of unsecured debt, usually around $10,000, to provide settlement services. Expect the debt settlement process to take two to four years. While the debt settlement may lower your credit score initially, it does less harm than bankruptcy.
If your debt is less than what debt consolidation companies will work with, consider other options. You might qualify for a credit card that offers a zero percent introductory balance transfer or a personal debt consolidation loan from a bank. Debt consolidation loans will pay off your owed debts and allow you to make payments into one loan. Unlike debt settlement, these loans will not lower the amount of your debt.
You can also seek debt counseling services. The Federal Trade Commission offers guidance on how to choose a credit counselor, and California-based nonprofit BALANCE provides debt counseling in Bakersfield.
Debt Consolidation Reviews
National Debt Relief |
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National Debt Relief provides services online and by phone in Bakersfield. They offer free, no-obligation quotes and have extended business hours. The company is accredited by the Better Business Bureau with an A+ rating. Reviewers say that representatives were patient and willing to answer questions about the process. |
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Learn More (844) 462-9121 |
Freedom Debt Relief |
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Freedom Debt Relief provides service to Bakersfield and is a founding member of the American Fair Credit Council. The company’s tools allow you to check your account on its website at any time. Many reviewers give the company high marks for its knowledgeable customer service agents and their professional attitude toward solving problems. |
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Learn More (855) 381-0979 |
CreditAssociates |
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Credit Associates is based in Texas and available by telephone or online for Bakersfield clients. The company assigns you a team of experts that will begin working on your case immediately. Bakersfield Customers say they experienced excellent service working with the company. |
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Learn More (888) 492-5184 |
Accredited Debt Relief |
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Accredited Debt Relief is based in San Diego and offers online and telephone services to Bakersfield residents. The company offers free consultations to assess whether debt settlement will work for you. Bakersfield customers say they appreciate the company’s clear communication and explanation of the debt settlement process. |
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Learn More (855) 381-0979 |
Pacific Debt Relief |
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Pacific Debt Inc. is a California company with an A+ rating with the BBB. The company prides itself on working with customers to avoid bankruptcy and provides service online or by phone. Reviewers in Bakersfield mention they found Pacific Debt charges lower fees than other companies. |
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Learn More (855) 381-0979 |
CountryWide Debt Relief |
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CountryWideDebt Relief guarantees qualification for clients who have at least $10,000 in debt and can make $250 monthly payments. A California-based company, services are available to Bakersfield residents online or by phone. Customers in California say they encountered responsive and kind service representatives and report results that met or exceeded expectations. |
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Learn More (877) 944-9077 |
Debt Rx |
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If your credit card debt exceeds $7,500, this debt settlement company can help. Debt Rx is small enough to offer individual solutions for debt relief. If you’re behind on bills, Debt Rx can help keep creditors away as mentioned in customer reviews who spoke highly of their effective service. |
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