If you are looking to monitor all three of your credit reports, TransUnion’s membership provides you with monitoring for all of them! Keeping track of your credit score has never been easier! With your membership, you can get unlimited credit score and report access, credit recommendations with CreditCompass, and you can shield your TransUnion and Equifax reports with Credit Lock Plus! Sign up here for TransUnion.
Our Recommendations for Debt Services
We put together this list of debt service companies as recommended services that we have used or verified to help you find a service that will guide you to fixing and monitoring your credit, as well as consolidating, repairing, and negotiating your debt. This list is here to help you find what you need!
Disclosure: There are some affiliate links below and we may receive commissions for purchases made through links in this post, but these are all products we highly recommend. We won’t put anything on this page that we haven’t verified and/or personally used.
Debt Negotiation
If you are in debt and want to repair your credit, CuraDebt is a credit repair company that will help you repair your credit, get out of debt and fix your credit score. You can choose to enter their program and make sure all of your negative reports are fixed, negotiated and taken off your credit report much faster than if you chose to complete this process on your own! Sign up here for CuraDebt!
Are you thinking about repairing your credit and joining a program to get help? CreditRepair.com has a great program. They will help you check your credit, challenge the false reports, and change your credit report. They will also negotiate the debt you have and set up a settlement for you. Sign up for CreditRepair.com here.
Debt Consolidation
If you are ready to consolidate your debt, Payoff has a loan program that is made for you. Their debt consolidation program will allow you to consolidate your debt into one payment with a lower interest rate and you can apply with a credit score as low as 640! You will be able to apply for a loan of $5,000 up to $40,000, and you can pay it back at an affordable rate, with a lower interest rate than you had on your credit cards. Boost your credit score with Payoff’s easy process and great personal service! Apply here for Payoff!
Tally is a financial app that will help you organize and minimize your credit card debt. You can apply for a low-interest loan and consolidate your credit into one low monthly payment based on how much you owe on high-interest credit cards. They will look at how much you owe, what your interest rates are, and what your spending habits are. This will help them decide what you need and how to help you get out of debt and save money. This is a great method for developing a budget and paying off all of your debt in an affordable way. Typically you need at least a 660 credit score to qualify for a Tally loan. They will take over your payments, help you pay off your debt faster, while you save money each month because they pay your cards with ACH payments. Download the Tally app here.
Credit Check
Are you looking for a site to help you monitor your credit score for free so you can make sure nothing is being reported incorrectly? Credit Karma is a great site that will help you check your credit report and make sure your credit score is where you want it to be! If you are trying to fix your credit score, Credit Karma also offers personal loans, auto loans, credit card programs, and home loans! Sign up for Credit Karma here to start following your credit journey the right way.
If you have debt in collections that are mounting and you feel you have no way out debt negotiation may be the best option for you. You can choose to take steps to negotiate the debt with the collection agencies on your own, or you can hire a debt negotiation agency to help you complete the process.
Debt negotiation can be done for any non-federal debt that is in collections and has been purchased by a third party debt collection agency. Negotiation is possible because the debt collection agencies buy the debt for much less than it is worth. This process works for both business and personal debt!
Check List For Debt Negotiation
- Are your accounts in collections?
- Are the accounts private loans/lines of credit?
- Gather all of your debt information on your tri-merge credit report.
- Make a list/spreadsheet with account numbers, debt amounts, and debt collection agency information.
- Call each collection agency to negotiate the amount you are going to pay.
- *Note* This may take more than one call. Don’t be bullied into paying on their deadlines. They will tell you the “deal” will expire if you don’t pay before you get off the phone. That is not true!
- Negotiate a payment plan if the amount is more than you can or want to make in one payment.
- Get all settlement amounts and payment schedule in writing before you pay anything!
- Set up your new budget to include your new settlement payments.
Negotiation like this is not for everyone, and that’s ok! If you don’t feel comfortable completing this process, that is what the debt negotiation agencies are here to help! Make sure you choose an agency that is there to help you step by step and checks all the boxes for you. Don’t let them pressure you into not paying bills that are not already in collections to enter them into the program as well. This will not help your credit; it will hurt your credit. Focus on the bills you have in collections and get those settled!
Another option for dealing with your debt is applying for debt consolidation. If you have debt that is in good standing and your credit score is pretty good you can apply for a debt consolidation loan. This will allow you to take all of your monthly payments and roll them into one loan. Getting a debt consolidation loan will also allow you do have a chance at a lower interest rate. Many times when you have credit card debt there are high-interest rates involved even with a strong credit score. You can apply with a credible debt consolidation company where they will assist you with rolling your debt over onto the new loan. Some companies will also assist you in negotiating any late fees as well as the interest rates, which is another plus!
Also, keep in mind these options are not limited to credit card debt! You have the opportunity to negotiate or consolidate other bills as well such as utilities and medical bills!
Tax debt with both the IRS and state taxes are other areas where you can try to help yourself or get help to negotiate the payment amounts as well as the interest rates. It is important to make sure your taxes are taken care of so you don’t have to worry about wage garnishment, having your assets levied, property seized, etc. Take control of your financial future today!