National Debt Relief
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CreditAssociates
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CountryWide Debt Relief
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Accredited Debt Relief
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Freedom Debt Relief
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Pacific Debt
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Consolidated Credit
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ClearOne Advantage
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CareOne Credit
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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.
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.
When you’re looking for a debt relief company in Baltimore, follow these steps to evaluate whether one’s right for you:
The total cost of debt relief in Baltimore depends on the service you choose and the amount of debt you have.
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.
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 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.
Accredited Partner | ||
National Debt Relief |
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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. |
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Accredited Partner | ||
CreditAssociates |
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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. |
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Accredited Partner | ||
CountryWide Debt Relief |
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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. |
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Accredited Partner | ||
Accredited Debt Relief |
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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. |
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Accredited Partner | ||
Freedom Debt Relief |
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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. |
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Pacific Debt |
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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. |
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Accredited Partner | ||
Consolidated Credit |
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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. |
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ClearOne Advantage |
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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. |
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CareOne Credit |
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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. |
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