Debt consolidation can bring relief from high-interest or multiple unsecured debts by combining payments into one at a lower interest rate. Ideally, a debt consolidation company eliminates multiple creditors, reduces monthly payments, simplifies bill-paying and expedites debt pay-off. ConsumerAffairs researched providers of the best debt consolidation in San Diego to assist you with managing your debt.
How to choose debt consolidation loans in San Diego
Since San Diego residents spend a high percentage of income on housing, budgets are tight. Debt consolidation can help San Diegans meet financial obligations.
Debt consolidation companies evaluate your unsecured debt. This debt, such as from credit cards, isn’t tied to property. The company will recommend plans to help you pay it off. Many choose a debt consolidation loan, which combines multiple credit obligations into one payment at a lower interest rate than you are currently paying. Beware, if the rate is higher, you will probably add to your debt.
Average household credit card debt
Median household income
Typically, debt consolidation companies make the loan to you and negotiate settlements with your creditors. For those struggling to control finances, debt consolidation can be a strategy to avoid bankruptcy.
National Debt Relief offers debt relief alternatives to bankruptcy. The company has settled more than $1 billion of debt and has an A+ rating with the Better Business Bureau. San Diego customers give National Debt Relief good reviews and say the company’s counselors make the process easy and care about their customers.
A proprietary electronic debt settlement system combined with expert debt consultants makes Credit Associates an effective choice for debt relief. Reviews say that customer service is helpful and communicates well throughout the process, which lasts between two and three years. You can get a free consult with no obligation by contacting the company.
CountryWide Debt Relief provides debt consolidation programs and referral to third-party lenders for debt consolidation loans. Reviewers in Southern California are generally satisfied with the results of debt consolidation with CountryWide. San Diegans who prefer in-person services can make an appointment to visit one of their California offices.
Freedom Debt Relief is the largest company of its kind in the U.S., with headquarters in San Mateo, California. Two Stanford Business School graduates founded FDR in 2002. It’s worth noting that in 2017 the Consumer Financial Protection Bureau sued Freedom Debt Relief, and the company settled another lawsuit in 2009.
Accredited Debt Relief matches customers with debt relief programs that fit their needs. San Diego clients might appreciate this company’s corporate support of local non-profit organizations, such as Father Joe’s Villages and Wounded Warrior Project. Their Mission Valley office is conveniently located in central San Diego. Reviews are mixed.
Pacific Debt Relief has settled more than $200 million in debt since 2002 and holds an A+ rating with the BBB. The company helps people get out of debt and also offers education on learning how to live debt-free in the future. San Diego customers praise the kind and responsive counselors.
An experienced debt relief company, Debt Rx helps those with $7,500 or more in credit card debt. Being smaller than its competitors allows the company to tailor solutions to your situation. Online reviews praise the customer service team for being good communicators while helping to reduce their debt.
Golden Financial Services
Golden Financial Services is located in Imperial Beach, in south San Diego County. San Diegans will appreciate their informative website, which gives potential customers more state-specific information than its competitors. Reviewers like the customer service and report satisfaction with progress on their debts.
Brownstone Law Group
Brownstone Law Group offers debt counseling from attorneys specializing in personal finance. With offices in downtown San Diego, this local firm might appeal to San Diegans who prefer to have a lawyer handle their debt negotiations. Reviewers appreciate their personal approach to each case.