Austin, TX (PRWEB) July 05, 2014
The company BestDebtConsolidationLoans.org recently completed a study of online debt consolidation loan providers in order to identify those companies, which would be the best choices for debt-saddled Texans.
BestDebtConsolidationLoans.org saw that many Texans who were struggling with big debt turned to online debt consolidation companies for help. Unfortunately, in some cases these companies turned out to be swindlers. They charged huge fees up front but then never delivered on their promises. Texans who did business with these companies lost thousands of dollars when they closed down only to open a few months later under a new name and website address.
Six criteria were used by BestDebtConsolidationLoans.org in order to determine which online debt consolidation loan companies could be trusted to deliver on their promises and help Texans become debt free. They were customer service, fees, debt solution alternatives, customer satisfaction, financial standing and business ethics. Based on these criteria, BestDebtConsolidationLoans.org found that the three best options for Texans in trouble with their debts are National Debt Relief, CuraDebt and American Debt Enders.
While Texas has a favorable unemployment rate of 6% this translates into the fact that there are more than 600,000 Texans out of work even though the Great Recession officially ended nearly five years ago.
Texans carry an average of $4,238 in credit card debt per borrower. And they have an average credit score of just 667 versus the national average FICO score of 689. When you add this credit card debt to Texas' median household income of $51,926 it becomes obvious as to why so many residents of the Lone Star state are having a problem with debt.
BestDebtConsolidationLoans.org also found that of the three "best" debt relief providers available online, National Debt Relief ranked number one. This was due to a number of different factors, not the least of which is how it treats its customers. National Debt Relief not only doesn't have upfront fees, it charges its customers nothing until it has settled their debts to their satisfaction and offered them payment plans, which they had accepted.
National Debt Relief has successfully maintained an A rating with the Better Business Bureau. It ranks high in customer satisfaction in that most of its first-time clients report that they were "very satisfied" with National Debt Relief. One of the most important reasons for this customer satisfaction ranking is because National Debt Relief has a very generous cancellation policy. Its customers are permitted to opt out of their programs anytime they become dissatisfied for any reason without being charged any penalties or fees. National Debt Relief specializes in helping individuals and families that owe more than $7500 and has already helped 100,000 Americans become debt free.
BestDebtConsolidationLoans.org ranked the company CuraDebt as the second best option for Texans in need of debt consolidation loans. This online company concentrates on helping people who owe more than $10,000 in credit card debts. CuraDebt has been in business since 1996 and has provided its clients with debt settlement, financial advice and credit negotiations. It has been able to help most of its customers become debt free due to its close working relationships with the credit card companies. In addition to offering programs designed for credit card debt reduction, CuraDebt has programs that can help with medical debts, tax debts, defaulted debts and student loan debts.
The company that was ranked as the third best debt consolidation loan provider by BestDebtConsolidationLoans.org is American Debt Enders. Included among the services this company offers are debt settlement and debt consolidation. American Debt Enders has been in business for less than eight years but during this time has created a reputation for successfully helping customers that owe more than $5000. It offers programs designed to help with almost any kind of credit problem and its debt counselors are said to be responsive and knowledgeable. American Debt Enders reports that it's credit counselors are often able to even help its customers improve their credit scores.
Texans that are having a problem with their debts and would like to know more about these three debt consolidation loan providers should go to http://www.BestDebtConsolidationLoans.org for more information.