Is Debthunch Legit? Why Debthunch Is The Best Debt Consolidation Company (2024)

Photo by Alexander Schimmeck Originally Posted On: https://www.debthunch.com/is-debthunch-legit   According to Debtb.org, one of the groups of people most likely to fall prey to fraud is individuals with more debt...

Wednesday, February 26th 2020, 7:54 am

By: News On 6



Is Debthunch Legit? Why Debthunch Is The Best Debt Consolidation Company (1)

Photo by Alexander Schimmeck

Originally Posted On: https://www.debthunch.com/is-debthunch-legit

According to Debtb.org, one of the groups of people most likely to fall prey to fraud is individuals with more debt than they can handle.

When you feel like you’re drowning in debt, easy promises from questionable companies can seem like the light at the end of the tunnel.

These organizations might not scam their customers, but they often cloak their terms in ways that can cause consumers to end up more in debt than when they started out.

If you’re wary of debt relief solution providers, you have a right to be.

Which begs the questions — is Debthunch legit?

This is an important question to ask, as many debt relief companies are not transparent in their offerings. If you are looking for the best debt consolidation company out there — and do not want to get scammed — read on. Because we are about to share with you everything you need to know about us here at DebtHunch.

Debthunch Has an A+ Rating the Better Business Bureau

One of the first criteria to check when vetting out debt relief providers is whether they have a good standing with the Better Business Bureau.

What Is the Better Business Bureau?

Founded in 1912, the Better Business Bureau(BBB) is a private, non-profit organization which rates other organizations and business using an Accredited Businesses system to assign rankings. They also handle dispute resolutions.

The Better Business Bureau is considered one of the top resources for checking a company’s business reputation in the US.

Our Standing With the Better Business Bureau

The Better Business Burea’s ratings indicate their opinion of how a business is likely to interact with its customers and its level of integrity.

Ratings range from F to A, with F ratings being the lowest. To arrive at these ratings the bureau takes into account factors such as consumer complaints and disputes, responses to these disputes, company data and any false advertising on the part of businesses, as well as dishonest claims of good standing with the Better Business Bureau.

To gain an A+ rating, businesses need to:

  • Be 100% transparent in their offerings, advertising, and general business practices
  • Have few to no consumer complaints and disputes to their name
  • Hold a record of prompt response to any disputes
  • Have no legal procedures leveled against them by the government
  • Have complete licensing for the services they offer

Besides these factors, companies also need to have been in business for a certain period of time (to establish a reliable track record).

Debthunch is proud to have established an A+ rating with the Better Business Bureau. As consumers need to exercise caution when vetting debt solutions, this is a valuable assurance of the transparency and quality of our services.

Debthunch Is Part of the Inc. 5000

Another thing that we at Debthunch are proud of, is our place on Inc. 5000’s list of fastest-growing privately held companies, not once, but twice.

Inc. is one of the world’s most trusted business-media brands. Since 1982 Inc. has been publishing its prestigious list of America’s fastest-growing privately-held businesses.

Making the Inc. 5000 list shows not only that a business has achieved high levels of growth and market success, but also that they have put in the hard work to build an offering that is sustainable into the future. The Inc. 5000 list is designed not merely as an award of success, but as a milestone on the road towards long-term sustainable success.

Overnight growth without a solid backing behind it does not qualify a business for this award.

For these reasons, you can take it from the pros that what we offer here at Debtbhunch provides real and sustainable value for consumers.

Debtbhunch Is Fully Licensed

When shopping around for any service, particularly financial services, it’s crucial that you check whether a provider is licensed. Unlicensed providers should be avoided at all costs.

We are happy to state that Debthunch is fully licensed as a lender under not only California state law, but Florida and Texas law as well.

California’s licensing requirements are some of the most stringent, and to qualify, businesses need to prove that a) they are who they say they are, b) they do what they say they do, and c) they’re honest about the services they provide.

Check out Our Reviews for Yourself

Another best practice when vetting out debt relief solutions is to always check for reviews. When looking at reviews, always take into account trends rather than individual reviews, or outlier comments.

If you see a trend of positive, happy customers, this is a good sign. On the other hand, steady streams of complaints show the company you are looking at is not serving its customers well.

Over here at Debthunch, we are so pleased with our reviews that we display them directly onto our front page so that you can see what others think of our product.

If you browse Debthunch reviews on Trustpilot and Google, you will see that the vast majority of reviews for Debthunch are highly positive, especially from the people who have been using their selected solution for an extended period and who have been able to see its results.

Here are some of the main things that customers are loving on in the Debthunch reviews:

  • Our willingness to answer any questions
  • Our transparency
  • Our speed of service
  • The performance of the solutions
  • The convenient of our service

Besides these points, reviewers also value the fact that our services do not create hard inquiries into their credit score.

Thanks to all these happy customers we have amassed an overall near 5-star rating on both Trustpilot and Google.

We Making Finding Debt Relief Solutions Faster and Safer

The other thing Debthunch is proud of is our offering itself.

We have developed a solution that pairs consumers up with the best debt relief offerings for their specific situations. It does this instantly, andwithout impacting your credit score.

Now, why are these things important?

Firstly, shopping around for debt relief solutions, personal loans, lines of credit, etc.—can take up a lot of time, time which you probably don’t have. Secondly, sifting through the good, the bad, and the ugly can get pretty confusing. It’s enough to give anyone a migraine.

Next, you also need to calculate for each offering whether it is going to fit your situation. This can be a tricky business, as you will need to delve deep into a lot of fine print.

Lastly, shopping for any type of loan or line of credit can cause hard inquiries into your credit score. These inquiries are then listed on your credit report and can drop your score further.

With Debthunch, you do not need to worry about this happening. All of our checks are soft checks, which will not be recorded on your report or impact your credit score.

You essentially get to allow our tool to do all the legwork for you, saving you hours in time, heaps of head-scratching, and hard (detrimental) inquiries into your credit. For this reason, we like to think of ourselves as one of the best debt consolidation companies in town.

Is Debthunch Legit? Yes!

If you are asking the questions ‘is Debthunch legit?’ you are probably in the process of looking for the best debt consolidation solution for your needs.

If so, try out our tool and see for yourself what everyone is talking about. Tailored results, instantly, without damaging your credit score. Check it out!

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklymedia.com

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklymedia.com

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Is Debthunch Legit? Why Debthunch Is The Best Debt Consolidation Company (2024)

FAQs

How legitimate is Debthunch? ›

Debthunch is proud to have established their BBB Accreditation and A+ rating with the Better Business Bureau. As consumers need to exercise caution when vetting solutions to pay off their debt faster, this is a valuable assurance of the transparency and quality of our services.

What is the most reputable debt consolidation company? ›

Summary: Best Debt Consolidation Companies of 2024
CompanyForbes Advisor RatingLearn more CTA below text
SoFi®5.0Via Credible.com's Website
Upgrade4.9Via Credible.com's Website
Happy Money4.4Via Credible.com's Website
LendingClub4.4Via Credible.com's Website
2 more rows
Jul 10, 2024

How long has Debthunch been in business? ›

Debthunch has been helping people access some of the smartest financial products and services available for more than 20 years.

How do I know if my debt consolidation company is legitimate? ›

How to Research Debt Consolidation Companies
  1. Check Online Reviews and Ratings. You can check out specific debt consolidation companies by name online at the BBB or the Consumer Financial Protection Bureau's Consumer Complaints Database. ...
  2. Verify Accreditation and Licenses. ...
  3. Seek Professional Advice.
Jul 10, 2024

How does Debthunch offer 0 interest? ›

Debt consolidation as solution is offered at 0% interest and $0 down because instead of interest costs fees are charged as a percentage of the debt enrolled into the debt resolution option. However, fees are only paid to the company after your debt has been paid off and resolved with your creditors.

What is debthunch balance reduction? ›

Here at Debthunch, our debt relief professionals can work to reduce and consolidate your debt balances into one monthly payment you can afford. We know how stressful it can be to know you are unable to pay down your debts.

What is the highest rated debt relief program? ›

  • Best for credit card debt: National Debt Relief.
  • Best overall: Money Management International.
  • Best for customized options: Accredited Debt Relief.
  • Best for all unsecured debt types: Americor Debt Relief.
  • Best for customer support: Pacific Debt Relief.
  • Best in availability: Century Support Services.
Jul 22, 2024

What is the minimum credit score for debt consolidation loan? ›

Every lender sets its own guidelines when it comes to minimum credit score requirements for debt consolidation loans. However, it's likely lenders will require a minimum score between 580 and 680.

What is a disadvantage of debt consolidation? ›

The potential drawbacks of debt consolidation include the temptation to rack up new debt on credit cards that now have a $0 balance and the possibility of hurting your credit score with late payments. Also note that the best personal loans go to consumers with very good or excellent credit, so not everyone can qualify.

Does debt consolidation go on your credit? ›

Debt consolidation can negatively impact your credit score. Any debt consolidation method you use will have the creditor or lender pulling your credit score, leading to a hard inquiry on your credit report. This inquiry will decrease your credit score by a few points. However, this credit score decline is temporary.

Are debt consolidators real? ›

1: Debt consolidation is a scam. Debt consolidation is a legitimate avenue to pay off debts, but it pays to research the credit counseling agency that offers this solution.

How much do debt consolidators make? ›

Debt Consolidation Salary in California
Annual SalaryMonthly Pay
Top Earners$97,922$8,160
75th Percentile$49,940$4,161
Average$48,133$4,011
25th Percentile$30,845$2,570

Who is the best debt consolidation company? ›

Best debt consolidation loans
  • SoFi: Best for fast funding.
  • Upgrade: Best for poor or thin credit.
  • Achieve: Best for quick approval decisions.
  • LendingClub: Best for co-borrowers.
  • Discover: Best for excellent credit.
  • Happy Money: Best for credit card consolidation.
  • LightStream: Best for large loans.

Is it hard to get approved for debt consolidation? ›

The minimum credit score needed to secure a debt consolidation loan ranges from 580 to the mid-600s, depending on the lender. The best terms and rates go to borrowers with scores that are around 700 or higher.

Is there really a government debt relief program? ›

There aren't any free government debt relief programs for credit card or personal loan debt other than bankruptcy. Many types of government debt relief exist in the form of grants and low-interest loans for specific purposes.

Does debt consolidation hurt your credit? ›

Bottom line. If you do it right, debt consolidation will only cause a minor hit to your credit, after which your scores should quickly rebound.

Are there any legit debt relief programs? ›

We researched more than a dozen debt relief companies and New Era Debt Solutions was one of our top picks, thanks to its lower fees and high customer satisfaction ratings. If you owe more than $10,000, National Debt Relief is also a strong choice.

Is debt settlement company a good idea? ›

If you're behind on your credit card payments and looking for a solution, you might be considering debt settlement, which promises to help clear your debts. However, debt settlement is risky and should be a last resort for most borrowers.

Is the debt relief real? ›

Debt relief or settlement companies are companies that say they can renegotiate, settle, or in some way change the terms of a person's debt to a creditor or debt collector. Dealing with these companies can be risky.

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