Sarah Edwards | January 30, 2023
Summary: TurboDebt is a relatively new debt settlement company, and it has been receiving mixed reviews. The company is a partner of National Debt Relief, which means you’ll be bound by its price structure. Both companies can offer legitimate debt relief services, but at a price. Alternatively, you can settle debts on your own with the help of SoloSettle.
Debt settlement companies like TurboDebt are designed to help consumers crawl out from under unmanageable debt. That’s good news for many Americans, seeing as US credit card balances reached a jaw-dropping $866 billion near the end of 2022, accompanied by an increase in unpaid balances tool. If you’re knee-deep in debt, could TurboDebt offer relief?
In this article, SoloSuit reviews TurboDebt and explains how to respond to debt collection lawsuits to get relief fast.
As a debt settlement company, TurboDebt helps consumers negotiate with creditors to lower the overall amount due or secure better loan terms. It also offers assistance in connecting consumers to debt relief programs that help them regain control of their finances.
TurboDebt appears to be a relatively new company, with a digital presence that only goes back to 2020. But it’s important to note that TurboDebt does not actually handle your debt. Instead, the company partners with National Debt Relief, an established debt relief and consolidation company.
This partnership means that TurboDebt likely earns a commission from the larger company. As such, it’s important to understand that TurboDebt offers a free initial consultation — but after that, you’ll be in the hands of National Debt Relief.
Check out our review on National Debt Relief to learn more.
Consumers may be drawn to TurboDebt’s promise of a free initial consultation. But keep in mind that because the company is a partner of National Debt Relief, users will be bound by that company’s price structure.
According to National Debt Relief, the cost will range between 15% and 25% of the total debt settled, though the company boasts that its clients save 46% by using their services.
Let’s look at an example of how TurboDebt works.
Example: Brandon is buried beneath $40,000 of credit card debt. After a brief web search, he discovers TurboDebt and schedules a consultation. The company — working with National Debt Relief — negotiates with Brandon’s creditors to settle the debt for roughly $20,000. The company charges the full fee (25%), which means that Brandon will owe TurboDebt 25% of $40,000, or $10,000. His total amount owed is $30,000, saving him $10,000 overall. Was this a good choice, or could he have saved more?
As of January 2023, TurboDebt boasts roughly 2,300 customer reviews and an overall rating of 4.9, which seems impressive on the surface for such a young company.
A casual survey of the company’s reviews indicates that some customers are pleased with the simplicity of the process and the company’s commitment to customer service. For example, one client praises a TurboDebt representative: “I was in over my head and he showed me a way out.”
However, a few other reviews characterize the company, and its representatives, as “pushy” or otherwise unprofessional. Additionally, some reviewers seem unaware that debt settlement could negatively impact their credit.
Since TurboDebt is a partner of National Debt Relief, it’s important to examine both companies. Google reviews give National Debt Relief a score of 4.6 out of roughly 4,500 reviews, though there are still many outliers. Generally, negative reviews revolve around these complaints:
If customers approach the company with these things in mind, they may have a better experience — although the company will still charge as much as 25% of the total debt amount.
The glowing reviews indicate that TurboDebt is a legitimate service for those who want to work with a debt settlement company, though there are a few things to keep in mind:
Some consumers may benefit from pursuing their own debt settlement options, even if their creditor has initiated a lawsuit.
Every consumer needs the tools to take charge of their finances and get out of debt fast. If you’re facing unmanageable debt or a debt lawsuit, SoloSuit can help.
You can take matters into your own hands and settle your debts by yourself with the help of SoloSettle.
SoloSettle, powered by SoloSuit, is different from traditional debt settlement companies. Here’s how:
Let’s take a look at an example of how to use SoloSettle to settle a debt for good.
Example: Dave is being sued for a $7,000 credit card debt by PRA Group—a debt collection agency. He uses SoloSuit to draft and file an Answer to the lawsuit, giving himself time to investigate his options for settling the debt. After taking a close look at his finances, Dave decides he can afford to pay off 65% of the debt right now, or $4,550. He uses SoloSettle to start the debt settlement negotiation process with the opposing lawyer, sending his first offer at 40% of the debt, or $2,800. After a few rounds of counteroffers, PRA Group’s attorney agrees to settle for 60%, or $4,200. Dave ends up saving thousands of dollars, gets the case dismissed, and can finally move on with more financial freedom.
Still not convinced? Check out this review from a real SoloSettle customer:
“I'm very thankful for SoloSettle. Having a third party negotiate the settlement was instrumental in resolving this case and saved me from two giant headaches: 1) I didn't have to deal with the plaintiff's lawyer and 2) I didn't have to go to court. I also love that the payment was processed through SoloSettle. I was nervous about sharing my personal financial data with the other side, but SoloSettle protected that for me. I hope I never get sued again, but if I do, I would use SoloSettle again in a heartbeat.
SoloSettle really saved me a ton of time and heartburn and kept me from having to be my own lawyer in court.”
Check out this video to learn more:
SoloSuit makes it easy to fight debt collectors.
You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.
SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.
Here's a list of guides for other states.
Being sued by a different debt collector? Were making guides on how to beat each one.
You can ask your questions on the SoloSuit forum and the community will help you out. Whether you need help now are are just look for support, we're here for you.
Is your credit card company suing you? Learn how you can beat each one.
Need more info on statutes of limitations? Read our 50-state guide.
Need help managing your finances? Check out these resources.
Out Debt Validation Letter is the best way to respond to a collection letter. Many debt collectors will simply give up after receiving it.
"Finding yourself on the wrong side of the law unexpectedly is kinda scary. I started researching on YouTube and found SoloSuit's channel. The videos were so helpful, easy to understand and encouraging. When I reached out to SoloSuit they were on it. Very professional, impeccably prompt. Thanks for the service!" - Heather