Residents of Boston currently have an average of$79,767 in debt, of which$18,491 is in non-mortgage debt. While it is difficult to get credit card debt statistics just for the city of Boston, in the New England states the average credit card debt per person is $25,600 and it is likely that Bostonians have credit card debt somewhere close to that. In addition, about 63% of Massachusetts’s 2010 graduates had student loans and graduated owing an average of $25,541.
BestDebtConsolidationLoans.org decided it was important given the amount of debt carried by residents of Boston to determine the top three debt consolidation providers. In analyzing these providers the company used six criteria –customer service, debt solution options, fees, business ethics, customer satisfaction and financial standing “Given these criteria, we found National Debt Relief to be the top debt consolidation provider for residents of Boston,” reported BestDebtConsolidationLoans.org’s Jimmy Saver. “It ranked number one in almost all of these categories, especially in business ethics and fees”.
The reason why National Debt Relief scored very high in these two areas is because it charges its customers no upfront or maintenance fees. In fact, it charges its customers nothing until it has settled all of their debts to their satisfaction and provided them with payment plans they approved. “The way we work,” said National Debt Relief spokesman Paul Ritz,” is that the funds our customers send to us are deposited in escrow accounts that only they can manage. When we settle a debt, the customer then releases the funds required to pay for it. If there is not enough money in a customer’s escrow account to pay for all of their settlements, we offer them a payment program. If they approve the program, then and only then do we charge them for our services.”
National Debt Relief also ranked highly for customer satisfaction as the majority of its customers have reported that they were “very satisfied” with the services they received from the company. In the company’s seven-year history National Debt Relief has helped more than 100,000 individuals and families achieve freedom from their debts through debt consolidation. In addition, the company has continually maintained an A rating with the Better Business Bureau.
“We found that CuraDebt to be the second best debt consolidation provider in Boston,” said Saver. “It offers prospective customers a free debt consultation and savings analysis. This gives them the opportunity to know what they’re getting into and how much they might save by working with CuraDebt before signing up with the company. We found CuraDebt’s counselors to be knowledgeable and experienced and able to help their customers not just with bad credit card debts but also with student loans, defaulted loans and tax debts. Plus, they seem to have excellent working relationships with the credit card providers.”
Consolidated Credit was ranked third best debt consolidation provider inBoston. Its website is easy to use and offers valuable tools such as a debt-to-income calculator and a credit card debt calculator. Consolidated Credit’s counselors are certified and trained to help the company’s customers find the right debt consolidation solution given their debts, credit score and budget. Unfortunately, the only solution that Consolidated Credit offers is a debt management plan. While one of these plans can definitely help some people become debt free, there are other options available such as debt settlement that may be better choices for people that are really struggling to repay their debts.
Debt-strapped Bostonians that would like to know more about National Debt Relief, CuraDebt and Consolidated Credit should definitely go to the website www.BestDebtConsolidationLoans.org for more information.