Best debt relief companies, plus advice borrowers need to know now
Summary
Credit card balances grew by $44 billion in late 2025, and high interest rates make paying off debt harder for many Americans. Several debt relief companies offer different services to help borrowers manage or reduce their debt, but it is important to research and choose carefully to avoid hidden fees and other problems.Key Facts
- Credit card debt increased by $44 billion in the last quarter of 2025.
- Interest rates have been paused by the Federal Reserve at 3.50% to 3.75% since December 2025.
- High interest rates cause debt to grow faster, making payments harder for many borrowers.
- Debt relief programs help people reduce or manage debt but can affect credit scores and taxes.
- The debt relief industry varies; some companies are trustworthy while others have hidden fees.
- Accredited Debt Relief ranks best for customer satisfaction and has an A+ BBB rating.
- Freedom Debt Relief offers free legal assistance to customers concerned about lawsuits.
- DebtBlue is noted for clear pricing and transparent communication.
- New Era Debt Solutions is known for fast debt resolution but requires a higher minimum debt.
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