1. Home
  2. Debt Relief

Find the Best Debt Consolidation in Baltimore, MD

If you’re overwhelmed with credit card bills or other unsecured debts, debt relief can help. Debt relief companies in Baltimore offer different solutions to fit your needs. The Baltimore Sun has partnered with ConsumerAffairs to create this guide by comparing debt relief services, customer reviews and service area of 22 businesses and choosing nine favorites from the top debt relief companies in Baltimore.

Companies pay ConsumerAffairs to be authorized, and The Baltimore Sun and/or ConsumerAffairs may receive compensation when you click a link, call a number or fill out a form on this site.

Take a Financial Relief Quiz

Get matched with an Authorized Partner

Compare Baltimore Debt Relief Companies

Debt relief programs in Baltimore

baltimore skyline

Given Baltimore’s above-average cost of living, it’s no wonder residents are searching for financial help. Debt relief comes in many forms, but the two most common methods are debt settlement and debt consolidation.

  • If you need help managing debts from multiple creditors, debt consolidation is a wise choice. Debt consolidation companies combine all of your outstanding debt into one loan, allowing for simplified payments with a lower interest rate. Debt consolidation is a great option for Baltimore residents with solid credit scores.
  • Debt settlement may be a better option if you have an overwhelming amount of unsecured debt and you’re struggling to stay on top of payments each month. Debt settlement companies negotiate with creditors to settle your debt for less than you owe. Debt settlement has a more negative effect on your credit score than debt consolidation.

Both debt consolidation and debt settlement companies in Baltimore have requirements for their programs, such as minimum credit scores or a minimum amount of unsecured debt. Unsecured debt is a term that describes debts with no collateral, like credit card debt.

How to find debt relief in Baltimore

When you’re looking for a debt relief company in Baltimore, follow these steps to evaluate whether one’s right for you:

  1. Find out what type of debt relief the company offers. Does it specialize in one particular method? Don’t let yourself get sucked into paying for a service you don’t think you need.
  2. Check out how the company offers its services. Are you required to attend in-person appointments or are there online services? If you have questions about your program, does the company have a preferred contact method?
  3. Compare the company with other Baltimore debt relief providers. How do its prices, services and guarantees match up? Read consumer reviews to see whether its former clients are happy.
  4. Schedule an initial consultation. Ask any questions you have that you couldn’t answer online. Have the representative explain the company’s process in detail and set your expectations.
  5. Finally, ask potential debt relief companies about credit score requirements. Usually, there’s only a credit score requirement for debt consolidation, not debt settlement. This is because you need a solid credit score to get a low interest rate on your debt consolidation loan. If your interest rate is too high, you could end up with one monthly payment that’s as high or higher than what you were paying.

Debt relief cost in Baltimore

The total cost of debt relief in Baltimore depends on the service you choose and the amount of debt you have.

  • Debt settlement companies typically charge a fee that’s 15% to 20% of either your total debt or a percentage of the amount you save.
  • Debt consolidation companies make money from the interest on your loan, which is normally anywhere from 14% to 36%, depending on your credit profile.

Credit counseling, another type of debt relief, is sometimes available at no cost. Credit counselors give you advice on managing money and debt, help you put together a budget and offer other financial education resources.

Baltimore debt relief FAQ

Do debt relief companies hurt your credit score?

Debt consolidation may initially hurt your credit score after a hard inquiry, but your credit score should improve as long as you make on-time payments and don't continue to use your credit cards. Debt settlement typically has a longer-lasting effect on your credit score; settled accounts ordinarily stay on your credit report for seven years. Work with your debt relief company to find a solution that lowers your debt while minimally impacting your credit score.

What questions should I ask a debt settlement company?

When reviewing potential debt settlement companies, ask them the following questions:

  • Can you provide references from past clients?
  • Do you accept online payments?
  • What is your success rate?
  • What fees do you require?
  • When can I expect my first settlement?
  • What is the timeline for this process?
  • What will this process do to my taxes?

Can I get a loan after debt settlement?

Potentially, but you should expect a more difficult approval process and a higher interest rate. While debt settlement does hurt your credit, the impact is not as severe as a bankruptcy.

Is debt consolidation risky?

There is risk with any loan, but the risk involved in debt consolidation is low as long as you make your payments on time and don't continue to accumulate debt.

Is debt relief a good idea?

If your existing financial status is a burden, debt relief services can help. Make sure you work with a reputable company and anticipate any potential risks. While credit counselors can offer advice, it’s up to you to pick the right strategy to manage your debt.

Baltimore debt relief company information

National Debt Relief

National Debt Relief specializes in online debt settlement services. This company doesn’t charge you until it reaches agreements with your creditors and settles your debts. Reviewers remark that they enjoyed working with National Debt Relief’s employees and praise its customer service.

National Debt Relief Learn More


CreditAssociates has resolved over $1 billion in debt and offers all potential customers a free, no-obligation debt consultation. This company has a team to help guide you through every step of the negotiation process. Customers appreciate that its representatives helped them find a settlement plan that fit their budget.


CountryWide Debt Relief

CountryWide Debt Relief offers free consultations, fast approval and low monthly payments. With more than 30 years of experience, the company offers debt settlement and accepts potential customers with less-than-perfect credit. Satisfied reviewers thank the employees for their financial insight and professionalism.

CountryWide Debt Relief Learn More

Accredited Debt Relief

Accredited Debt Relief provides an online debt calculator for customers to see if debt settlement is a workable option. This company also offers debt consolidation and credit counseling. Many customers appreciate Accredited Debt Relief’s support of national charities.

Accredited Debt Relief Learn More (877) 566-8703

Freedom Debt Relief

Freedom Debt Relief has helped settle more than $9 billion in debt for its customers. The company provides an online dashboard that allows its customers to see the progress of their accounts at all times. It also offers no-risk consultations. Reviewers give the company high marks for its informative representatives.

Freedom Debt Relief Learn More

Pacific Debt

Pacific Debt focuses on customer service, and its employees tailor a debt settlement program for each client. This company provides multiple financial tools on its website, including a debt calculator and a blog that focuses on financial and debt management education. Reviewers state that the company is excellent at communicating with customers.

Pacific Debt

Consolidated Credit

Consolidated Credit focuses on communication and education. Customers get an account manager who stays with them through the debt settlement process. Reviewers appreciate that the company routinely hosts webinars, and many also take advantage of the special counseling available for military families.

Consolidated Credit Learn More (844) 342-2783

ClearOne Advantage

ClearOne Advantage offers online debt settlement services to Baltimore residents. It’s easy to get started with this debt settlement program by filling out the information form on its website. Once you’re approved, a debt specialist comes up with a personalized payment plan that fits your needs. This company’s office is located at 1501 S. Clinton St., Ste. 320, Baltimore, MD 21224.

ClearOne Advantage

CareOne Credit

CareOne Credit offers online debt management and debt consolidation services. With CareOne Credit, you receive ongoing support from professional debt counselors who help determine what debt relief program is right for your situation.

CareOne Credit