The Best Debt Relief Companies of November 2025

Americans are carrying a huge amount of debt. In the third quarter of 2025, credit card balances reached $1.23 trillion—a $67 billion increase from the previous year. Overall household debt hit a record $18.59 trillion.

If you’re struggling to pay credit card bills or other unsecured debts, a debt relief company may help. These companies—also called debt settlement companies—work by negotiating with your creditors to try to reduce the amount you owe.

However, success isn’t guaranteed, and fees can be as high as 25% of the debt you enroll. But for people with large debts, this option may be worth considering.

Below are the top debt relief companies and what they’re best known for:
 

1. New Era Debt Solutions: Best for Affordability

 

• Minimum Debt: $10,000
• Fees: 14% to 23% of the enrolled debt (lower than most competitors)
• Availability: All states except Iowa, Maine, and Oregon
• Highlights: No monthly maintenance fees. They offer services in Spanish.
• Time to Complete Program: Around 28 months on average

 

2. CreditAssociates: Best for Quick Debt Resolution
 

• Minimum Debt: $10,000
• Fees: 15% to 25% of the enrolled debt
• Availability: Not available in CO, CT, MN, MD, NJ, PA, VT, WY
• Highlights: Claims it can resolve debts in as little as one year. Money-back guarantee if they’re not successful.

 

3. Americor Debt Relief: Best Guarantee

 

• Minimum Debt: $10,000
• Fees: 15% to 25% of enrolled debt
• Availability: Not in CO, OR, WV
• Highlights: You don’t pay unless they lower your debt. Also offers debt consolidation loans.

 

4. Freedom Debt Relief: Best for Customer Service

 

• Minimum Debt: $7,500
• Fees: 15% to 25% of enrolled debt, plus a $9.95 setup fee and monthly charge
• Availability: Not in CO, ND, OR, RI, VT, WV, WI, WY, or DC
• Highlights: Over $20 billion in resolved debts since 2002. Customer service is available every day. A+ BBB rating.

 

5. Accredited Debt Relief: Best for Debt Resources

 

• Minimum Debt: $10,000
• Fees: About 25% of enrolled debt
• Availability: 37 states and Washington, D.C.
• Highlights: Offers free educational resources to help with money management. High BBB rating.

 

How Debt Relief Companies Work

Debt relief companies negotiate with your creditors to try to lower the amount you owe. If they are successful, you’ll pay the settled amount, and the company takes a fee (usually a percentage of what you owed or what was settled).

These programs are generally meant for people with high, unsecured debts who can’t keep up with payments. Results can vary, and there may be fees and impacts on your credit score.

It’s important to carefully research and understand the pros, cons, and costs before enrolling with a debt relief company.

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