An unfortunate fact about the state of Massachusetts is that its residents have an average of $76,156 in total debt, of which $17,653 is non-mortgage debt. Things are a bit better in Rhode Island where its residents have an average of $57,700 in total debt and $16,282 in non-mortgage debt. In addition, the average Massachusetts resident owes $5142 in credit card debt and in Rhode Island the average is $5102 per borrower.
In learning of these debts, the review site BestDebtConsolidationLoans.org decided to do a study of the debt consolidation programs available to residents of the Providence-New Bedford area. This study concluded that the best three are National Debt Relief, CuraDebt and Consolidated Credit.
BestDebtConsolidationLoans.org also determined that of these three debt consolidation providers that the best is National Debt Relief. It ranked very highly in the area of customer satisfaction as the majority of his clients reported that they were “very satisfied” with the company and the services they had received. National Debt Relief is rated #1 for debt consolidation on the websites Top 10 Reviews and Best Consumer Reviews. And it has more than 200 reviews on the website TrustPilot virtually all of which are very positive.
National Debt Relief is Better Business Bureau certified with an A rating. It is a member of the American Fair Credit counsel and in its seven-year history has helped more than 100,000 families and individuals achieve freedom from their debt through debt settlement and consolidation. BestDebtConsolidationLoans.org also gave National Debt Relief high marks in that it charges its customers nothing until it has settled all of their debts to their satisfaction and offered them payment plans, which they approved. In other words, National Debt Relief is totally results driven. If it is unable to satisfactorily settle its clients’ debts, it earns nothing. The company also has a money back guarantee and a very generous cancellation policy.
National Debt Relief was found to be very financially stable. Plus, it tailors its debt solution programs specifically to each of its customers based on their financial circumstances. This is in comparison with some companies that have only a one-size-fits-all solution.
“We do not make loans,” noted National Debt Relief’s Paul Ritz, “as we believe that people cannot borrow their way out of debt. Instead, we negotiate lump sum settlements for our clients, In return for these lump sum payments, the lenders forgive their remaining balances. This usually means we are able to reduce our customers’ debts by around 50% and help them become debt free in 24 to 48 months.”
BestDebtConsolidationLoans.org ranked CuraDebt as the second best debt consolidation program provider. It has been in business for 13 years and was found to have excellent working relationships with the credit card companies. CuraDebt is very transparent in that it offers prospective customers a free debt analysis and savings estimate so that they know what to expect from CuraDebt before going forward. CuraDebt offers both debt settlement and debt consolidation programs, which can include debt management, nonprofit debt consolidation, consolidation loans and consumer credit counseling. It is generally able to help its clients with credit card debts, student loan debts, tax debts and even defaulted loans.
Consolidated Credit was ranked third best consolidation program provider for residents of the Providence-New Bedford area. The primary reason it was not ranked higher is because it offers only one debt consolidation solution – a debt management plan. “We liked the fact that Consolidated Credit will work with people to help them get their debts under control,” said Saver, “and we recognize that a debt management plan can be a good way to consolidate debts. However, we have also seen that the majority of people that sign up for one of these plans never finish them. It just requires a lot of self-discipline to stay with a plan that can take as many as five years to complete.”
If you live in the Providence-New Bedford area and are struggling to repay your debts or feel you cannot repay them within 24 to 48 months, you should definitely go to www.BestDebtConsolidationLoans.org to learn more about National Debt Relief, CuraDebt and Consolidated Credit, and about debt consolidation programs in general.