Compare Top Debt Consolidation Loan Companies
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National Debt Relief
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Compare Quotes Now |
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Learn More | Read More |
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Freedom Debt Relief
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Specializes in debt settlement services. Debt can be settled in 24 to 48 months, and fees range from 15% to 25%. $15,000 minimum debt required. Track progress 24/7 via online dashboard. No-risk debt relief consultation offered. |
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Learn More (866) 515-6714 | Read More |
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CreditAssociates
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Works with unsecured debts only, such as credit card, medical and business debt. Eliminates debt in 24 to 48 months. Service fee is 15% to 25%, and a free initial debt consultation is available. Not available in all states. |
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Learn More (888) 492-5184 | Read More |
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Accredited Debt Relief
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Minimum debt required is $10,000. Average debt settlement program takes 2-4 years. Multiple plans available, and no fees are required until settlement is reached. Money-back guarantee. Debt settlement only, no loans available. |
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Learn More (877) 566-8703 | Read More |
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CountryWide Debt Relief
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Offers options for debt relief, including debt consolidation programs, debt settlement and credit counseling. Helps people facing financial hardships or bankruptcy. Not a direct lender. Recommends a minimum debt of $10,000. |
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Learn More (877) 944-9077 | Read More |
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Pacific Debt
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$10,000 minimum debt required. Low monthly program payment and no upfront fees. Service fees vary between 15 and 25% of the total debt enrolled. Most results take 24-48 months. Offers debt negotiation, but not consolidation loans. |
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Learn More (619) 492-9990 | Read More |
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Debt Rx
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Get personalized service and attention when you’re seeking debt relief. Find out more about your debt relief options with a free confidential consultation, and use its debt calculator to see how much you can save. |
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Advantage One Credit Union
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Location
13050 Fort. St.
Southgate, MI 48195
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Affable Debt Consoidation
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Location
615 Woodward Ave.
Detroit, MI 48226
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CareOne Debt Relief Services
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Location
Online services available in
Detroit, MI
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DebtConsolidationCare
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Location
Online services available in
Detroit, MI
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Debt Reduction Services
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Location
Online services available in
Detroit, MI
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How to consolidate debt in Detroit
The Federal Trade Commission reports consumer debt is at an all-time high, but when it comes to per capita personal debt, Detroiters have less than the average American.
| Detroit | Michigan | United States | |
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| Median household income | $28,099 | $52,492 | $57,617 |
| Average credit card debt | $5,203 | $6,082 | $9,333 |
Debt consolidation rolls multiple unsecured debts into one, replacing multiple monthly payments into one manageable payment. Other types of unsecured debt include student loans, medical bills and utility bills. It’s ideal for people who have good credit scores and multiple high-interest debts that could be simplified with one lower-interest monthly payment.
There are two ways to consolidate debt:
- Transfer existing debt to a zero percent interest credit card. Be sure you can pay off the balance of your debt within the promotional period of zero percent interest.
- Take out a debt consolidation loan through a debt consolidation company.
Is a debt consolidation loan right for you?
Debt consolidation replaces multiple monthly bills with one lower-interest monthly payment, making it easier to pay off your debt faster. This avoids damage to your credit score, but it’s not all roses and sunshine.
If you fail to meet the terms of your payoff plan, you will face a lot of penalties. The risk of penalties comes from both the loan lender and from the original lines of credit if during the process of consolidation they agreed to reduce or remove fines or fees.
It’s important to remember that debt consolidation isn’t right for everyone. Debt consolidation shouldn’t be confused with filing for bankruptcy relief. Debt consolidation works best for people who have consistent income, a credit score good enough to qualify for a low-interest loan and whose total debt doesn’t exceed 50 percent of their income.
If you’re like the millions of Americans who struggle with too many monthly bills, debt consolidation companies in Detroit might have the right solution.
Detroit Debt Consolidation Reviews
National Debt Relief |
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National Debt Relief is a trusted name in credit card debt settlement. With a source of income, you can quickly qualify and pay no upfront fees until your debt is settled. National Debt Relief can reduce debt up to 49 percent through transparent, helpful customer service, which earns them excellent reviews |
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Learn More |
Freedom Debt Relief |
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Freedom Debt Relief helps Detroit residents in debt by taking what they owe and reducing it or consolidating their accumulated debt into one simple payment. Customers have access to a client dashboard online that provides easy account access to check progress, and they can ask questions of Freedom Debt Relief’s helpful customer service. |
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Learn More (866) 515-6714 |
CreditAssociates |
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Credit Associates is based in Texas and available by telephone or online for Detroit clients. The company assigns you a team of experts that will begin working on your case immediately. Detroit 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 uses proven negotiators to work with top debt relief companies across the country, helping customers settle their debts for less than what they owe. The company is an authorized member of the American Fair Credit Council and gives back to community charities monthly. Customers often give Accredited Debt Relief five star reviews, noting their professional, personalized service. |
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Learn More (877) 566-8703 |
CountryWide Debt Relief |
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At CountryWide Debt Relief, approval of a debt consolidation option is guaranteed and you can see what you qualify for in a matter of minutes. A variety of plans try to get customers debt-free in just a year or two. Case studies on their website show how debt consolidation plans have worked for others. |
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Learn More (877) 944-9077 |
Pacific Debt |
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With certified debt counselors to guide your debt settlement every step of the way, Pacific Debt charges no upfront fees until you get results. The company has helped settle more than $200 million in debt for clients. Reviews speak highly of having access to a personal account manager who can help set up an affordable payment plan. |
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Learn More (619) 492-9990 |
Debt Rx |
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Debt Rx is an experienced debt settlement company. They work with people having $7,500 or more in credit card debt. The company prides itself on being smaller than its competitors to better focus on personal service to find individual solutions for debt relief. For those behind on payments, Debt Rx may be the right prescription to ease the pain of being in debt. |
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Advantage One Credit Union |
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Advantage One Credit Union has been a staple of the Downriver area since the 1950s. They are known for friendly and helpful credit union employees and customer service agents. However, one of the biggest perks is their commitment to helping customers improve their credit scores. |
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