Boiseans, like many Americans, struggle with debt, whether it’s owed to credit cards or auto or school loans. Debt consolidation can help simplify multiple loans into one monthly payment, often at lower interest. Our partners at ConsumerAffairs researched the best debt consolidation in Boise for those considering this strategy to reorganize their finances.
Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. KIVI may receive compensation from our partners. Learn more.
The Boise metropolitan area is on the higher end of cities in terms of household debt-to-income ratio, an indication that Boiseans are having difficulty managing repayments of loans. The debt-to-income ratio is an important metric lenders use to measure your ability to pay back loans with your current income. Idaho as a state ranks among the worst in the U.S., according to the Federal Reserve.
Debt consolidation companies in Boise can help individuals get a better handle on their various debts. These companies can help pave a path toward a healthier financial position and aid those who want an option less severe than filing bankruptcy.
Consider the following benefits of debt consolidation, but remember it is not for everyone.
Rather than having to make multiple monthly payments to various creditors, you will only make a single payment.
Interest rates will be considerably less, possibly lowering your monthly payment.
You may be able to meet with credit counselors and use other financial resources.
You will likely avoid credit damage that comes with missed payments and defaults.
Even though you have consolidated your debt, you will be required to pay it back in full.
Expect the process of repaying your consolidated loan to take a long period of time.
Compared to bankruptcy, debt consolidation in Boise is by far the more preferable option. Unless you have too much debt and not enough income to be approved by a debt consolidation company, bankruptcy should be a last resort. Bankruptcy will leave a negative mark on your credit report for up to 10 years and make it difficult for you to get credit in the future.
National Debt Relief, in business for over 10 years, is a nationwide company focusing on not just debt reduction but also educational resources for customers to help them live as debt-free as possible. Customers work with teams of representatives. Reviews mention National Debt Relief’s knowledgeable customer service staff.
With certified debt counselors readily available to discuss debt relief options, Accredited Debt Relief is a reliable company that personalizes solutions, including debt consolidation, for customers. Their website offers useful tools like a debt calculator that shows a standard credit card payment versus a monthly payment through Accredited Debt Relief’s program.
Freedom Debt Relief helps Boise residents in debt by taking what they owe and reducing it or consolidating their accumulated debt into one simple payment. Customers have access to a client dashboard online that provides easy account access to check progress, and they can ask questions of Freedom Debt Relief’s helpful customer service.
Pacific Debt Inc has helped thousands of people settle a total of over $200 million in debt since 2002. The company prides itself on individual service, assigning each customer a personal account manager. Customers are praising the easy and transparent customer service, calling them “easy” and “up-front” with clients.
Debt Rx is an experienced debt settlement company. They work with people having $7,500 or more in credit card debt. The company prides itself on being smaller than its competitors to better focus on personal service to find individual solutions for debt relief. For those behind on payments, Debt Rx may be the right prescription to ease the pain of being in debt.
Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.
Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.