Debt Advisor Review

Pros

  • Service is free to use
  • Connects users with multiple debt settlement, management and consolidation providers
  • Takes only a few minutes to see providers

Cons

  • Not a direct provider of debt relief service

In a Nutshell

Debt Advisor is an online marketplace that matches users with debt settlement, management and consolidation providers. The service is free of charge, and connects users with its network of partners without committing them to anything.

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Why Go with Debt Advisor

The main reason to go with Debt Advisor is to save time. If you find yourself in debt, whether it be credit card debt, loan debt, or any other time of debt, one possible solution is debt settlement, management and consolidation. Instead of contacting multiple providers on your own, Debt Advisor’s automated system processes your details and matches you with the best providers for your needs.

What’s Offered

Debt Advisor providers one major service: matching you with the most suitable company (or companies) for your needs. Debt Advisor isn’t a direct provider of debt settlement services or any other type of debt relief services.

The service works like this:

  • You enter your name and your total level of debt (which could be anywhere from less than $5,000 to more than $100,000).
  • You enter your contact details, including email address, phone number, and zip code.
  • Debt Advisor’s automated matching system processes your details and displays the most suitable debt settlement, management and consolidation providers from its network. You can select one of the providers to continue or wait for them to call you back.
  • The partnering companies can advise you on how to negotiate with your creditors to restructure the amount you owe and the timeframe in which you have to pay it all back. They should also be able to help you develop a personalized plan to fit your personal and financial needs.
  • Of course, the debt settlement, management and consolidation companies charge for their service. As we mentioned, Debt Advisor itself won’t charge you for using its service; it matches you with its partners without asking for any money or any commitments. The prices charged by its partnering providers vary, and this is something to discuss during your one-on-one phone conversations with them.

Highlights

The highlight here is obviously time saved. It can take a few minutes for Debt Advisor’s system to process your details and return results. While you wait, you’ll see a note advising you to be patient and asking you not to refresh or exit the page. But a few minutes is certainly better than the several hours it would take to contact each of these companies individually. Debt Advisor does all the heavy lifting for you by filtering through its network to work out which providers are suited to your needs and which aren’t. The result is that you’ll be contacted by companies that can potentially help you find a debt settlement and reduce the amounts you owe your creditors. Again, this is a free service, so all it costs you to try out the matching service is your time and your contact details.

Types of Debt Covered

In theory, Debt Advisor’s network of partners help people settle all types of debt. The most common types of debt include credit card debt, student loan debt, medical debt, and tax debt. Debt settlement (and other types of debt relief) are designed to help you in any situation in which you find yourself unable to keep up with payments to creditors. The good thing about Debt Advisor’s network of partners is that each of them offers its own approach to debt settlement, management and consolidation at its own prices. Debt Advisor does the work of finding a shortlist of providers, and you get to choose which of these providers you ultimately want to work with.

Site Security

The Debt Advisor website uses standard SSL security, encrypting the connection between your browser and its site and protecting your details. When you share your contact details with Debt Advisor, you give your consent to have Debt Advisor share those details with its partnering debt settlement, management and consolidation providers.

Help & Support

Debt Advisor provides customer service at the phone number seen below under “Contact Details.” However, as this is an automated matching service, the customer service is fairly minimal. The main point of Debt Advisor’s online platform is to connect users with actual debt settlement, management and consolidation providers—and it’s these providers that provide the final customer service.

Physical Address

Debt Advisor

124 Broadkill Road #468

Milton, DE 19968

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