Start My Answer

5 Best Debt Reduction Services of 2022

Sarah Edwards | July 21, 2022

Drowning in debt? SoloSuit can help.

Summary: If you feel like you're drowning in debt, SoloSuit can help you find resources that will help you reduce your debt and come out on top.

If you're currently swimming in debt and don't want to drown, pursuing a debt reduction service may be the way to go. These companies provide services that allow you to pay off your debt, typically for a reduced amount.

They handle the legwork of working with your creditors for you so that you don't have to do it yourself. In some cases, they can significantly reduce the overall debt you owe by thousands of dollars.

Before deciding to use a debt reduction service, realize that it may impact your credit score negatively. Settlement agencies require you to stop making payments to your creditors while they are negotiating settlements on your behalf.

You may not be able to qualify for a loan for some time until the debt is settled. It's also possible that you may owe taxes on the forgiven amount.

Below, we explore the top 5 best debt reduction services for 2022.

1. Freedom Debt Relief

With Freedom Debt Relief, you'll have access to a team of well-regarded debt settlement specialists who can help you settle your outstanding debts for less than what you owe.

Their program is designed to get you out of debt within 24 to 48 months. They charge no fees until a debt is settled, and their customer service team is known for helpful support.

Advantages of working with Freedom Debt Relief

Pros of working with Freedom Debt Relief include:

  • No debt is settled without your approval
  • Guided assistance throughout the program
  • Experienced team who have helped over 800,000 individuals
  • Negotiating power from a team that has worked with numerous creditors
  • Monthly payments designed to fit your budget
  • Client dashboard that allows you to view your debts

One of the best benefits of working with Freedom Debt Relief is its customer service agents. They truly believe in helping their clients, and you can reach out to them any day of the week.

Disadvantages of working with Freedom Debt Relief

Cons of using Freedom Debt Relief to eliminate your debt include:

  • A minimum debt of $7,500 is required to enroll in the program
  • Previously sued by the Consumer Financial Protection Bureau
  • No guarantee of what you'll save when enrolled in the program

Perhaps the most significant disadvantage of Freedom Debt Relief is that it settles debts for amounts that may be larger than those sought by other debt settlement agencies.

2. New Era Debt Solutions

New Era Debt Solutions is known for its excellent customer service and Better Business Bureau rating of A+. The company offers an online chat service, bilingual consultants, and the ability to set up appointments with their counselors after hours.

In addition to experienced debt counselors, they have a host of attorneys available to ensure that their practices comply with federal and state laws.

Advantages of working with New Era Debt Solutions

Pros of working with New Era Debt Solutions include:

  • Excellent customer service
  • Numerous educational tools to help you make better future financial decisions
  • Support for Spanish speakers
  • No payment until debts are settled

Perhaps the best benefit of working with New Era Debt Solutions is their easy-to-use website that provides insight into the debt settlement progress during the length of your program.

Disadvantages of working with New Era Debt Solutions

Cons of working with New Era Debt Solutions include:

  • No stated minimum debt to work with the program
  • Online customer support only during weekends
  • Recent legal action taken against them in Oregon

They have ceased providing their services within Oregon pending litigation.

3. National Debt Relief

Unlike most other debt settlement agencies, National Debt Relief provides actual testimonials of people who have used their services to pay off their debts, as well as the amounts they saved.

The testimonials indicate various debt situations and amounts owed — some over $60,000. On average, the company can reduce the amount owed by 23% to 25%.

Advantages of working with National Debt Relief

The benefits of working with National Debt Relief include:

  • They negotiate credit cards, personal loans, and medical debt
  • Lots of beneficial educational materials
  • A+ rating with the Better Business Bureau
  • Plans generally last between 24 to 48 months
  • Monthly payments tailored to your budget

National Debt Relief is much more transparent about the amount of debt they can eradicate. Clients who appreciate clarity will appreciate this benefit.

Disadvantages of working with National Debt Relief

As with any debt relief agency, there are a few cons to working with National Debt Relief:

  • Must have a minimum debt of $7,500
  • You may need to prove financial hardship
  • Cannot help with past-due taxes

Despite the drawbacks, many people choose to work with the company.

4. Accredited Debt Relief

Accredited Debt Relief advertises itself as a debt consolidation company without the loan. It is best for those who have a little more leeway, as their solutions may pay off your debt in as little as 12 months. They offer examples of savings on their website, showing that they can save their clients up to 55% of the total amount owed.

Advantages of working with Accredited Debt Relief

There are several advantages to using Accredited Debt Relief:

  • A+ Better Business Bureau rating
  • Shorter time to complete debt relief
  • Cancel at any time without penalty
  • Customer support any day of the week
  • Average fees of 15% to 25% for services
  • Save as much as 55% off the original debt owed

Perhaps the biggest benefit of working with Accredited Debt Relief is their short program lengths. Rather than committing to a program that may take 3 to 4 years, you can potentially settle your debts in 12 months using their program. You may also save more than with other debt settlement programs.

Disadvantages of working with Accredited Debt Relief

Drawbacks of working with Accredited Debt Relief include:

  • Higher monthly payments, sometimes as much as 3% of the outstanding balance
  • May require a minimum debt of $10,000
  • May need to prove financial hardship

The main disadvantage of working with Accredited Debt Relief is their higher program payments. However, buckling down for a year is often better than drawing out the process for three to four years. In addition, your credit score will generally bounce back much quicker.

5. CuraDebt

Our final recommended solution is CuraDebt. In addition to working with regular consumer debts, such as credit cards and medical bills, CuraDebt helps with back taxes and IRS debt. These types of debts are typically not supported by other debt settlement agencies.

Advantages of working with Curadebt

Benefits of working with CuraDebt include:

  • Variety of debt settlement support
  • Minimum debt required is only $5,000
  • Online chat services
  • Wider variety of solutions for complex debts

The main advantage of working with CuraDebt is its availability to help with unusual types of debt that other agencies don't support.

Disadvantages of working with Curadebt

The drawbacks of working with Curadebt include:

  • Limited website functionality
  • Lack of online resources and educational tools

For those with more complex debt situations (especially involving taxes), CuraDebt is the best solution.

Are you being sued for an overdue debt?

If you've been sued for debt, you probably received a court Summons and Complaint. The first step to winning your case is to file a written Answer in court. In your Answer, you should respond to each claim listed in the Complaint, assert your affirmative defenses, and send a copy of it to the plaintiff (or person/company suing you).

SoloSuit can help you draft and file an Answer in all 50 states.

Check out this video to learn more about how to respond to a debt lawsuit in 3 easy steps:

What is SoloSuit?

SoloSuit makes it easy to respond to a debt collection lawsuit.

How it works: SoloSuit is a step-by-step web-app that asks you all the necessary questions to complete your answer. Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document.

Respond with SoloSuit

"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James


Get Started


We have answers.
Join our community of over 40,000 people.

You can ask your questions on the SoloSuit forum and the community will help you out. Whether you need help now or are just looking for support, we're here for you.


Ask a Question


>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

How to answer a summons for debt collection in your state

Here's a list of guides for other states.

All 50 states.



Guides on how to beat every debt collector

Being sued by a different debt collector? Were making guides on how to beat each one.


Win against credit card companies

Is your credit card company suing you? Learn how you can beat each one.

Going to Court for Credit Card Debt — Key Tips

How to Negotiate Credit Card Debts

How to Settle a Credit Card Debt Lawsuit — Ultimate Guide

Get answers to these FAQs

Need more info on statutes of limitations? Read our 50-state guide.

Why do debt collectors block their phone numbers?

How long do debt collectors take to respond to debt validation letters?

What are the biggest debt collector companies in the US?

Is Zombie Debt Still a Problem in 2019?

SoloSuit FAQ

If a car is repossessed, do I still owe the debt?

Is Portfolio Recovery Associates Legit?

Is There a Judgment Against Me Without my Knowledge?

Should I File Bankruptcy Before or After a Judgment?

What is a default judgment?— What do I do?

Summoned to Court for Medical Bills — What Do I Do?

What Happens If Someone Sues You and You Have No Money?

What Happens If You Never Answer Debt Collectors?

What Happens When a Debt Is Sold to a Collection Agency

What is a Stipulated Judgment?

What is the Deadline for a Defendants Answer to Avoid a Default Judgment?

Can a Judgement Creditor Take my Car?

Can I Settle a Debt After Being Served?

Can I Stop Wage Garnishment?

Can You Appeal a Default Judgement?

Do I Need a Debt Collection Defense Attorney?

Do I Need a Payday Loans Lawyer?

Do student loans go away after 7 years? — Student Loan Debt Guide

Am I Responsible for My Spouses Medical Debt?

Should I Marry Someone With Debt?

Can a Debt Collector Leave a Voicemail?

How Does Debt Assignment Work?

What Happens If a Defendant Does Not Pay a Judgment?

How Does Debt Assignment Work?

Can You Serve Someone with a Collections Lawsuit at Their Work?

What Is a Warrant in Debt?

How Many Times Can a Judgment be Renewed in Oklahoma?

Can an Eviction Be Reversed?

Does Debt Consolidation Have Risks?

What Happens If You Avoid Getting Served Court Papers?

Does Student Debt Die With You?

Can Debt Collectors Call You at Work in Texas?

How Much Do You Have to Be in Debt to File for Chapter 7?

What Is the Statute of Limitations on Debt in Washington?

How Long Does a Judgment Last?

Can Private Disability Payments Be Garnished?

Can Debt Collectors Call From Local Numbers?

Does the Fair Credit Reporting Act Work in Florida?

The Truth: Should You Never Pay a Debt Collection Agency?

Should You Communicate with a Debt Collector in Writing or by Telephone?

Do I Need a Debt Negotiator?

What Happens After a Motion for Default Is Filed?

Can a Process Server Leave a Summons Taped to My Door?

Learn More With These Additional Resources:

Need help managing your finances? Check out these resources.

How to Make a Debt Validation Letter - The Ultimate Guide

How to Make a Motion to Compel Arbitration Without an Attorney

How to Stop Wage Garnishment — Everything You Need to Know

How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)

Defending Yourself in Court Against a Debt Collector

Tips on you can to file an FDCPA lawsuit against a debt collection agency

Advice on how to answer a summons for debt collection.

Effective strategies for how to get back on track after a debt lawsuit

New Hampshire Statute of Limitations on Debt

Sample Cease and Desist Letter Against Debt Collectors

The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah

West Virginia Statute of Limitations on Debt

What debt collectors cannot do — FDCPA explained

Defending Yourself in Court Against Debt Collector

How to Liquidate Debt

Arkansas Statute of Limitations on Debt

Youre Drowning in Debt — Heres How to Swim

Help! Im Being Sued by My Debt Collector

How to Make a Motion to Vacate Judgment

How to Answer Summons for Debt Collection in Vermont

North Dakota Statute of Limitations on Debt

ClearPoint Debt Management Review

Indiana Statute of Limitations on Debt

Oregon Eviction Laws - What They Say

CuraDebt Debt Settlement Review

How to Write a Re-Aging Debt Letter

How to Appear in Court by Phone

How to Use the Doctrine of Unclean Hands

Debt Consolidation in Eugene, Oregon

Summoned to Court for Medical Bills? What to Do Next

How to Make a Debt Settlement Agreement

Received a 3-Day Eviction Notice? Heres What to Do

How to Answer a Lawsuit for Debt Collection

Tips for Leaving the Country With Unpaid Credit Card Debt

Kansas Statute of Limitations on Debt Collection

How to File in Small Claims Court in Iowa

How to File a Civil Answer in Kings County Supreme Court

Roseland Associates Debt Consolidation Review

How to Stop a Garnishment

Debt Eraser Review

Do Debt Collectors Ever Give Up?

Can They Garnish Your Wages for Credit Card Debt?

How Often Do Credit Card Companies Sue for Non-Payment?

How Long Does a Judgement Last?

​​How Long Before a Creditor Can Garnish Wages?

How to Beat a Bill Collector in Court