The burden of debt can be unbearable when there appears to be no solution. DebtBlue is a debt settlement business that seeks to aid customers in settling their debt and bettering their fiscal situation. In this piece, we will look over DebtBlue and provide a thorough examination of their services, advantages, and drawbacks, as well as respond to some commonly asked questions.
- BBB A+ Rating & Accredited
- $300 Million Debt Settled
- $8,000 Minimum Debt
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $7,500
- $ 3 Billion Plus Debt Resolved
DebtBlue Benefits and Drawbacks
Benefits
- It provides multiple debt relief options, such as debt resolution, combining of debts, debt settlement, guidance in managing credit, and bankruptcy.
- Those who sign up for the debt resolution program and remain until all their debts are paid off can save up to 50% before fees or 30% when fees are included.
- It creates customized debt solutions for each individual’s distinct financial circumstances.
- The firm has earned an excellent reputation with the Better Business Bureau (BBB).
- They provide a complimentary consultation and do not require any initial payments.
Drawbacks
- Debt settlement can have a detrimental effect on your credit score.
- Not all types of debt can be included in the debt resolution plan.
- The cost of its services is dependent on the location of residence and the level of debt accrued.
DebtBlue Services
Debt Resolution: DebtBlue works to assist their clients in tackling their debt issues by speaking to creditors in order to reduce the amount of money due. They communicate with creditors on behalf of their customers in order to lower the amount to be paid and establish a payment schedule.
Debt Consolidation: DebtBlue works with individuals to reduce their debt burden by combining all of their outstanding debts into one convenient payment. They create a personalized repayment plan tailored to their budget to make it easier for clients to manage their debts.
Debt Settlement: This program works to assist customers in paying off their debt for less than the full balance. It works to negotiate with creditors to decrease the amount due and develop a payment plan.
Credit Counseling: This program endeavors to assist people in enhancing their credit ratings and financial wellbeing. It offers clients information and support on how to control their money and enhance their credit scores.
Bankruptcy: DebtBlue’s bankruptcy program is designed to assist customers in filing for bankruptcy and beginning anew. They collaborate with customers to find out if bankruptcy is the right choice for them and provide support throughout the procedure.
DebtBlue is an ideal source if you are having difficulty with credit card debt or credit accounts. Their finance specialists are devoted to aiding individuals and families escape debt and improve their financial state. They provide a DebtBlue Program that includes an assessment of your account and a response to credit card companies and department store bills. Their team does their best to lower the principal amount of your credit, which implies that you will owe less than your initial debt.
What is DebtBlue?
DebtBlue is a debt settlement company that offers debt resolution program is a highly sought-after service designed to assist the clients in dealing with their debts. They work with creditors on the client’s behalf to negotiate a repayment plan that is workable within their budget and helps them to become debt-free in around two years. Those who are able to stay with the resolution program until all their debts have been taken care of can expect to save around fifty percent of the total amount before fees, or thirty percent including fees.
DebtBlue assists customers by consolidating their multiple debts into one monthly payment, which makes it easier to keep up with. They develop a payment plan that works with their budget to simplify debt management.
Along with debt resolution and consolidation, the company also provides debt settlement, credit counseling, and bankruptcy services. Debt settlement is a method of debt relief that allows customers to pay back their debt for a reduced amount. Credit counseling is a service to help customers boost their credit rating and financial situation. Bankruptcy is a legal method that can help customers begin anew and clear certain types of debt.
This organization provides numerous debt relief options to assist individuals dealing with debt. By negotiating with creditors to devise payment plans and lessen the total debt, people can gain financial freedom and become debt-free.
Clients of DebtBlue have seen firsthand the hard work and devotion of the DebtBlue team, whether it was for assistance with unforeseen medical bills, job loss, or the final payment for a credit card. They recognize the consequences debt can have on people’s lives and are devoted to helping both local companies and individuals.
The DebtBlue team is here to provide you with reliable support as you work to become debt-free. They will take care of the phone calls, discussions, and any legal matters that may arise, so you don’t have to worry. Use their professional knowledge to get yourself, or someone you care about, out of debt and begin saving money. Don’t wait – take the first step towards a financially secure future today.
How the DebtBlue Debt Resolution Program works
DebtBlue’s debt resolution plan is created to assist customers in managing their debts by conversing with creditors to lower the overall amount owed. This is the way it works:
- Free Consultation: To begin, you should arrange a free consultation. During the meeting, an expert in debt management will assess your financial state and figure out if debt relief is the most suitable solution for you.
- Enrollment: If you join DebtBlue’s debt settlement program, you and your debt advisor will collaborate to make a personalized debt resolution strategy. This will work with your creditors to arrange a repayment scheme that matches your finances and lets you pay off your debt within 2 to 4 years.
- Monthly Payment: Once you and the company have come to an agreement regarding payments, you will send a monthly amount to a special account. This money will be used to pay off your creditors as each debt is satisfied.
- Negotiation: They will talk to your lenders to lessen the amount you owe. This can include arranging a lower rate of interest, cancelling charges, or agreeing to a settlement that is less than the whole amount due.
- Settlement: When you come to an agreement with your creditor, the money in your account will be used to pay off the debt. This will carry on until all of the debts you have enrolled in are taken care of.
- Debt Resolution: Once you have taken care of all your debts, you will receive a certificate that signifies you have paid off what you owe. This document can be used to help improve your credit score.
It is essential to remember that not all types of debts qualify for their debt settlement plan, and the cost may vary based on where you live and the total amount of debt you owe. Additionally, remaining devoted to the program and making timely payments each month are necessary to increase your chances of success.
Can DebtBlue assist with debt consolidation?
DebtBlue can assist with debt consolidation, which is a way to combine multiple debts into one monthly payment. This can make paying bills less complicated and more manageable.
DebtBlue’s debt consolidation program assists customers in combining all their outstanding debts into a single payment. They will work with each individual to devise a repayment plan that works for them financially and includes all of their outstanding debts. Instead of having to make multiple payments each month, customers can make one payment and DebtBlue will handle the distribution of the fund to the creditors on their behalf.
Debt consolidation can be beneficial for customers who have multiple obligations with various lenders and would like to make their payments simpler. It can also potentially reduce interest rates and monthly payments, making debt more manageable.
It is critical to be aware that debt consolidation may not be the optimal choice for everyone, thus one must contemplate all of their debt relief prospects before settling on a decision. A professional can aid you in deciding whether debt consolidation is the right choice for you and assist you through the process if you decide to go ahead.
How much does DebtBlue charge?
DebtBlue charges fees that could differ depending on the state one resides in and how much debt is owed. These fees usually amount to a fraction of the enrolled debt, and they are billed on a monthly basis.
The company has fees that start from 15% to 25% of the total amount of debt enrolled. This means that if you enroll $10,000 of debt, you will be paying between $1,500 and $2,500 throughout the program.
No costs are required before getting started with DebtBlue. Clients will only pay when debts are resolved and they can terminate the service at any given time with no repercussions.
It should be noted that these fees are separate from what you owe to your creditors. Although they can assist in reducing the total debt via negotiation and resolution, there is still likely to be a substantial expense involved in solving your financial obligations.
It is essential to thoroughly think about the charges connected with their offerings and make certain they are compatible with your financial plan before signing up for the program. They are able to give additional information concerning their charges and assist you to decide if spending more money is the most appropriate selection for you.
How the DebtBlue debt settlement program works
DebtBlue offers a debt settlement program which involves negotiating with creditors to reduce the total debt owed by a client. This option can be beneficial for those who are having difficulty making payments or are dealing with financial difficulties. By settling the debt for a lower amount than the original amount owed, clients can save money and be debt-free in a shorter period of time.
DebtBlue will collaborate with customers to formulate a customized debt relief strategy that fits their monetary plan and encompasses all of their registered debts. Customers will give a regular payment to a special fund and DebtBlue will use the money to negotiate settlements with creditors. When an agreement has been accomplished, it will use the funds in the customer’s account to resolve the debt.
It is important to be aware that not all debts can be included in DebtBlue’s debt settlement program, and fees could differ dependent on the state of residence and the total amount of debt owed. Debt settlement could also have a negative influence on credit scores, and it is important to thoroughly consider all debt relief options prior to making a choice.
The company can furnish additional details about their debt resolution scheme and assist in figuring out if it is the best selection for you.
Debt resolution vs. Debt settlement
Although debt resolution and debt settlement are both strategies to manage debt, they have several distinguishing features.
Debt Resolution: Debt resolution is a way to help people who are in debt by negotiating with their creditors to lower the amount they owe. It often involves working with a debt settlement company, like DebtBlue, to create a repayment plan that works for the person’s budget and helps them to become debt-free in an agreed-upon timeframe. This process may include talking to creditors to lower interest rates, waive fees, or even settle the debt for an amount less than the original amount due.
Debt Settlement: Debt settlement is a form of debt relief that allows individuals to pay off their debt for a lower amount than what is owed. By working with an organization such as DebtBlue, customers can negotiate with creditors to reach a settlement in which they pay back the debt in a lump sum or with a payment plan suitable for their budget. Debt settlement often results in a large amount of savings as the debt can be paid off for less than the original amount.
When it comes to managing debt, there are two main approaches: debt resolution and debt settlement. In debt resolution, the goal is to negotiate with creditors to lower the overall amount owed, and then create a payment plan. On the other hand, debt settlement involves negotiating with creditors to pay off the debt for a lower amount than what is owed. Both strategies can be successful in helping individuals become debt-free, but it’s important to research all of the options before deciding which one is best for you.
Does DebtBlue also offer credit counseling services?
Yes, this organization does offer credit counseling. This type of service helps people understand their credit report, create a budget, and devise a strategy to pay off their debt. The goal of the credit counseling service is to aid customers in improving their credit scores and financial standing.
In a credit counseling session, a credit counselor will assess your credit report and give ideas for increasing your credit score. They will collaborate with you to make a budget tailored to you and give advice on how to deal with your debts. The credit counseling services are designed to guide clients so they can gain power over their money and reach fiscal stability.
It is essential to recognize that credit counseling is different from debt relief. Credit counseling can aid in enhancing your financial standing and credit score, yet it does not involve any discussions with lenders to lower the amount due or settle debts for less than the full amount. If you are having difficulty with debt, it can offer information regarding its debt relief services and assist you in figuring out the most favorable choice for your circumstances.
How the DebtBlue bankruptcy program works
DebtBlue offers a bankruptcy service for individuals unable to stay on top of their money matters and who have tried all other options for getting out of debt. This is how their bankruptcy plan works:
- Free Consultation: Book an appointment with a bankruptcy specialist for a free consultation. During this meeting, the specialist will evaluate your finances and advise you if bankruptcy is the best choice.
- Enrollment: If you choose to join the bankruptcy program, you will collaborate with your bankruptcy specialist to submit for bankruptcy. They will offer advice and assistance for the whole bankruptcy procedure.
- Bankruptcy Filing: DebtBlue will aid you in getting ready to submit your bankruptcy request to the court. This includes furnishing details about your liabilities, resources, and income.
- Bankruptcy Plan: Once your bankruptcy paperwork has been submitted, they will cooperate with you to form a bankruptcy plan that describes how your liabilities will be managed. This may involve selling assets to settle debts or constructing a payment plan that is appropriate for your finances.
- Credit Counseling: Prior to the annulment of your bankruptcy, it is necessary for you to take a credit counseling class. DebtBlue can offer the program and assist you in satisfying this requirement.
- Bankruptcy Discharge: After the court has approved your bankruptcy plan, your obligations will be eliminated, thus allowing you to start anew. The court can also offer advice to assist you in restoring your credit rating and enhancing your financial state.
It should be kept in mind that bankruptcy should only be used as a last resort, as it can have a major effect on your credit rating and financial circumstances. DebtBlue has more information about their bankruptcy services and can assist you in deciding if bankruptcy is the best choice for you.
What is DebtBlue’s success rate?
DebtBlue has earned a good standing and a high success rate in regards to taking care of debt for its customers. The company states that if people are able to stick with the debt resolution program provided by DebtBlue, they can save up to 50% on debts before fees, or around 30% including fees, in a period of 24 to 48 months.
DebtBlue’s programs can help with debt relief, but not all debts are eligible and the success rate depends on the individual’s financial situation and amount owed. Different debt relief options, like debt settlement or bankruptcy, may have different success rates.
Nevertheless, DebtBlue has had clients who have successfully managed their debts through their services and have given positive feedback. The company has not yet been certified by the Better Business Bureau (BBB), though they have gotten an A- rating, which implies a fair level of customer approval.
DebtBlue is known for its effectiveness in aiding customers to get out of debt and become fiscally secure, although the results may be different depending on a person’s financial circumstances.
DebtBlue BBB Reviews
The Better Business Bureau (BBB) has evaluated DebtBlue with an A- rating, which means it’s a great company when it comes to addressing reviews and complaints. It should be noted, though, that DebtBlue has not been accredited by the BBB.
At the moment, on the BBB website, DebtBlue has a total of 200 customer reviews, including both good and negative reviews. On the other hand, this number is much lower in comparison to the other debt settlement services, which could make it difficult to make a definitive judgement about their overall standing.
It should be noted that 46 complaints have been filed against the company on the BBB website. Although this figure is not particularly high, it is still necessary to factor in these complaints when assessing the company’s reputation.
Here are some DebtBlue reviews:
I contacted this company on Saturday, December 3 for trying to get a loan. Once the application was filled out the only option was for me to do debt consolidation. First. I received an offer from this company via mail for a loan, while on the phone with the company (over an hour), they took the required information and sent an email with a link, stating that the only option that would show up would be the DebtBlue option. I find it that funny the same company that offered the loan. The option was their debt consolidation loan. Which I did agree to at the time. While on the phone with Kathy, I was informed to sign four different contracts while on the phone with them. One is a 28-page document. Really, they are going to force people to sign a document t that is 28 pages while on the phone for an hour. Without thinking, I signed. After hanging up, I began reading the 28-page document, While on the phone with Kathy, I told her I was hesitant on doing this because I did not want bad credit., After starting to read the 28-page document, I then started not agreeing with anything. First, 95% of the document isn’t filled out with correct information. In the section where it lists the reason for contact and for the loan, Kathy kept referring to me as a SHE. Throughout the whole section, it says SHE, I was on the phone with this woman for over an hour, and how she can refer to me as a SHE is beyond me. Once I read all that, I then emailed here stating I will not be following through with this and that I have items in the house I can sell to take care of my debt problems. I also told her to CANCEL immediately. This is still the same day. Saturday. After our initial conversation, she said a ***** would be reaching out to me. He never did. I have sent them EMAILS stating I am not going through with this because the information you provided on my contracts was NOT CORRECT!
Avoid Debt Blue!! Avoid Debt Blue!! Avoid Debt Blue!! Debt Blue has extracted $434.39/mo from my account for 8 months and the total amount of that is $3,475.12. My account in escrow with Debt Blue only amounts to $1,390.37 currently. That’s over $2k missing. All three of my creditor accounts with Debt Blue show only THREE $100 PAYMENTS made to ONE of my creditors in that time. Looking at the list of transactions, DebtBlue has paid themselves a nice $1200 DSRP fee for basically doing nothing. I have 15 months left of this program and I’ve seen ZERO meaningful impact on my debt. I want out of this godforsaken contract with this organization. I have never felt so hoodwinked and taken advantage of by a business as I have Debt Blue. Previous complaints by others about DBs’ lack of communication are utterly true in my experience and frankly, this usurious “business” is just another debt collection agency that you PAY FOR through the nose. I’m all about a class action lawsuit. Let me know how I can access such a thing. At this point, I wish I had just stopped paying my credit cards. I did exactly that through this process only now I’m “owned” by some Longhorn lovin’ Texas extraction company that doesn’t deal with oil, it extracts human economic value. Avoid DebtBlue!! Avoid Debt Blue!!
Is DebtBlue a legit debt relief company?
DebtBlue has garnered both praise and criticism in the realm of debt relief services. Clients have given it positive reviews and it has been acknowledged by key industry bodies; however, there have also been some disgruntled customers who have lodged complaints.
Here are some elements to think about when assessing the reliability of DebtBlue:
- Accreditation: Though DebtBlue is not accredited by the Better Business Bureau (BBB), they have an A- rating from the organization. This suggests that they have experienced some grievances, but have generally dealt with them in an agreeable way.
- Licensing: DebtBlue has received authorization to offer debt relief services in several states, showing that the organization has satisfied certain legal and regulatory specifications.
- Transparency: DebtBlue is open and honest about its services, fees, and methods for debt relief. They offer free consultations to those who are interested, and explain the costs and potential dangers of each debt relief choice.
- Industry Recognition: DebtBlue has gained acclaim from various professional entities, being a member of the American Fair Credit Council and the International Association of Professional Debt Arbitrators.
- Client Reviews: Client feedback about DebtBlue has been divided, with some praising the service and others criticizing the high fees and lack of communication.
Though there has been a mixture of opinions about DebtBlue, it is certified and accepted by industry organizations. It is essential to analyze all the data to hand and collaborate with a dependable firm that can provide tailored counsel and assistance during the debt relief process.
FAQs
How long does it take to resolve debt with DebtBlue?
The duration of debt resolution with DebtBlue is contingent upon the customer’s financial standing and the amount of debt they owe. Typically, DebtBlue’s debt resolution plan takes anywhere from 2 to 4 years, but this could vary depending on the person’s advancement and the amount of debts involved.
How does DebtBlue negotiate with creditors to reduce the total amount?
DebtBlue works on behalf of their customers to talk to creditors and bring down the amount owed. Through their expertise and connections with creditors, they can come to an agreement that is beneficial to both sides. This can range from a one-time payment or an arrangement that is suitable for
What happens to my credit score if I enroll in DebtBlue’s debt resolution program?
Signing up with DebtBlue’s debt solution program can have a damaging effect on your credit rating. Debt agreement, which is one of the debt help choices provided by DebtBlue, can appear on your credit report and detrimentally influence your credit score.
Can I still use my credit cards while enrolled in DebtBlue’s debt resolution program?
It is not advised that individuals enrolled in DebtBlue’s debt resolution program utilize credit cards as it can impede progress in paying off debts and may result in extra fees and interest fees.
How much does DebtBlue’s debt resolution program cost?
The expense for DebtBlue’s debt settlement program differs according to the person’s financial circumstances and the sum of debt owed. DebtBlue imposes a rate of the enrolled debt as a fee for their assistance, normally between 15% and 25% of the total debt.
Can I choose which debts to enroll in DebtBlue’s debt resolution program?
Clients are given the option to decide which debts to include in DebtBlue’s debt resolution program. However, some debts may not be accepted, so it is important to look into all available debt relief options before deciding.
Does DebtBlue have a money-back guarantee?
DebtBlue does not provide a refund policy for its debt-relief services.
How long has DebtBlue been operational?
DebtBlue has been operating since 2004.
Is DebtBlue accredited?
Although DebtBlue is not accredited by the Better Business Bureau (BBB), it does have an A- rating from the BBB. Additionally, DebtBlue is associated with the American Fair Credit Council (AFCC) and is a member of the International Association of Professional Debt Arbitrators (IAPDA).
Can DebtBlue assist with student loan debt?
DebtBlue does not provide student loan debt relief services, but they may be able to provide information and advice on other debt-relief options that could help people with their student loan debt.
Final Thoughts
To sum up, DebtBlue is a debt relief agency that provides a number of debt management solutions, such as debt consolidation, debt settlement, credit counselling, and bankruptcy. Many customers have been successful in settling their debts and attaining financial security with the help of the company.
The Better Business Bureau has given DebtBlue an A- rating, though the company is not accredited by the BBB and some customers have made complaints. Additionally, the fees associated with DebtBlue’s services are quite steep.
It is imperative to take into account individual conditions when deciding if DebtBlue is the right choice. All potential solutions should be assessed and professional guidance should be sought out prior to settling on a debt resolution.
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DebtBlue Summary
To sum up, DebtBlue is a debt relief agency that provides a number of debt management solutions, such as debt consolidation, debt settlement, credit counselling, and bankruptcy. Many customers have been successful in settling their debts and attaining financial security with the help of the company. The Better Business Bureau has given DebtBlue an A- rating, though the company is not accredited by the BBB and some customers have made complaints. Additionally, the fees associated with DebtBlue’s services are quite steep.