Though debt such as student loans, car loans, and mortgage on the house is part of life, it does become a hindrance that affects your savings and future financial goals. As per the Federal Reserve, Americans owe more than $4 trillion in consumer debt, and this number does not account for mortgages. So, if you’re facing crushing debt and want to avoid bankruptcy, you can always engage the help of debt settlement companies. Here is a list of top 10 debt settlement companies that can help you in a financial crisis.

• National Debt Relief

The National Debt relief offers a debt settlement service that lasts for around two to four years and charges a 15% fee.

• Freedom Debt Relief

With average fees and AFCC accreditation, Freedom Debt Relief is one of the oldest debt settlement companies in the country. They are present in 37 states and have been in operation for over 17 years.

• Guardian Debt Relief

Guardian Debt Relief specializes in working with customers who have a debt of more than $10,000. They usually charge a 20% fee and a monetary fee of $200, which goes into the settlement account. They have a minimum debt requirement of $7500.

• New Era Debt Solutions

With programs lasting anywhere between 12 months to 24 months, New Era Debt Solutions is present in 47 states.

• DMB Financial

Specializing in unsecured debt, DMB Financial works to help customers manage and minimize their debt. The duration of their program lasts for around 3 to 4 years, and their fee varies as per your case.

• Accredited Debt Relief

Covering all kinds of debts, including unsecured debts such as personal loans and student loans, Accredited Debt Relief is one of the big names in the industry. They have a debt relief program lasting anywhere between 1 and 5 years. Furthermore, they charge a 14% fee on the amount.

• Discover

Discover has one of the best debt consolidation programs in the industry. They have low rates and charge no initiation fees. Moreover, Discover provides customers with multiple payment options.

• Money Management International (MMI)

With 24×7 customer services and offering services in Spanish, MMI has been in this industry since 1958. Apart from helping customers settle their existing debts, they also have an education program that educates customers to manage their debts better.

• InCharge Debt Solutions

Monthly fees for InCharge Debt solutions stands at $29. They provide services for people who are in extreme debt by directing them to relief banks. InCharge Debt Solutions ensures complete help in case one is facing a major financial crisis and has exhausted every other resource. They have highly trained and effective financial counselors and ensure that the customers do not go over budget due to their services.

• Pacific Debt Relief

Pacific debt has been helping customers reduce debt since 2002. The fee varies between 15% to 25% depending on the amount. In order to hire its services, you need to have a minimum debt of at least $7500