Debt consolidation advisors help consumers combine multiple debts into a single, manageable payment—often with lower interest rates and reduced fees. While most charge a monthly service fee, the best firms stand out through expertise, educational resources, affordability, and client satisfaction. Below are five highly regarded nonprofit agencies, ranked by reviewer feedback and unique strengths.
1. GreenPath Financial Wellness
GreenPath goes beyond consolidation by providing extensive free educational resources, including webinars, budgeting tips, calculators, and financial literacy tools accessible to both clients and website visitors. Clients benefit from negotiated lower interest rates and a structured debt management plan (DMP).
- Physical offices nationwide for in-person counseling.
- Monthly fee: Competitive, though on the higher end.
- Best for: Those seeking comprehensive financial education alongside debt relief.
Source: @GreenPath on X (formerly Twitter)
2. InCharge Debt Solutions
InCharge earns strong praise for its certified, empathetic counselors and lower-than-average fees—making it ideal for budget-conscious consumers. The firm specializes in credit card debt but excels at teaching sustainable budgeting habits.
- Monthly fee: Among the lowest in the industry.
- Focus: Credit card debt only.
- Best for: Cost-sensitive clients needing personalized guidance.
Photo: qimono/Pixabay
3. Cambridge Credit Counseling
Cambridge boasts experienced counselors—many with up to 14 years of tenure—and a proven track record of saving clients an average of $150 per month through DMPs. Like GreenPath, it offers free webinars, articles, and tools to build long-term financial skills.
- Monthly fee: Standard for nonprofits.
- Focus: Primarily unsecured debt (credit cards, personal loans).
- Best for: Clients who value counselor expertise and potential monthly savings.
Photo: geralt/Pixabay
4. Money Management International (MMI)
Founded in 1958, MMI is one of the largest and most established nonprofits, serving clients with a wide range of debts—including student loans, medical bills, and credit cards. It offers:
- 24/7 customer support
- Spanish-speaking counselors
- Free financial education (workshops, online courses)
- Monthly fee: Varies by program; generally affordable.
- Best for: Complex debt situations or non-English speakers.
Key Considerations When Choosing an Advisor
- Nonprofit status: All listed are 501(c)(3) nonprofits, meaning fees fund operations—not profits.
- Accreditation: Look for NFCC or FCAA membership.
- Transparency: Reputable firms provide clear fee schedules upfront.
- Debt type: Some specialize (e.g., InCharge for credit cards); others handle broader portfolios (e.g., MMI).
Pro Tip: Start with a free counseling session—most offer one—to assess fit before enrolling in a DMP.
Note: Monthly fees typically range from $15–$50, depending on debt load and state regulations. Always verify current rates directly.