The best debt relief programs offer solutions like lower payments, debt consolidation, or negotiated settlements to help you regain control of your business and refocus on growth. The best debt relief agencies also provide customized solutions, whether you’re dealing with high credit card balances, tax issues, or personal-business debt overlap.
Here are the seven best debt relief providers for your small business:
- National Debt Relief: Best overall for high business credit card debt
- Freedom Debt Relief: Best for fast settlements
- Accredited Debt Relief: Best for business owners with mixed personal/business debt
- CuraDebt: Best for tax debt support
- Pacific Debt Relief: Best for low-cost debt settlement
- DebtWave Credit Counseling: Best for preserving credit
- American Consumer Credit Counseling: Best for low-income individuals seeking free or affordable credit counseling
With a decade of banking experience, my solid financial background helps me provide the best answers to our audience in line with the Fit Small Business editorial policy.
I strive for accuracy, clarity, and objectivity in writing reviews and guides to ensure that small business owners can access impartial and critical information that supports their business decisions.
I also completed a Business degree and have substantial experience in facilitating account opening, performing KYC, and cross-selling different banking and investment products and services to both retail and preferred clients.
Quick comparison of the best debt relief programs
National Debt Relief: Overall best for high business credit card debt
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Program type | Debt settlement |
Estimated fee range | Up to 25% of enrolled debt |
Debt reduction potential | Up to 50% |
Customer satisfaction (BBB? rating) | A+ |
Credit score impact | Temporary drop; may recover over time |
Why I like National Debt Relief
Among the debt relief companies listed here, National Debt Relief stands out as the overall best option if you’re dealing with high credit card debt. It specializes solely in debt settlement, offering targeted solutions for those overwhelmed by large credit balances.
Its fee range is performance-based, meaning you only pay if the company successfully settles your debt. This makes National Debt Relief a low-risk option. Its structure ensures that costs are directly linked to successful outcomes, providing peace of mind during a financially challenging period.
Additionally, its debt reduction potential is significant, especially when managing overwhelming business expenses. Its A+ BBB rating, experience of over a decade, and transparent process make it the top choice if you’re a small business looking to regain financial stability.
Freedom Debt Relief: Best for fast settlements
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|---|---|
Program type | Debt settlement |
Estimated fee range | |
Debt reduction potential | Up to 50% |
Customer satisfaction (BBB? rating) | A+ |
Credit score impact | Initial dip; improvement over time |
Why I like Freedom Debt Relief
Freedom Debt Relief has a 4-step program designed to deliver quick settlements. This makes it ideal if you need to reduce debt rapidly. It’s also a member of the American Association for Debt Resolution (AADR). Unlike many competitors, it charges no upfront fees, ensuring you only pay after a settlement is reached.
With over 22 years in business, more than $20 billion in debt resolved, and over 1 million clients served, Freedom Debt Relief is among the top debt relief companies in the US. The combination of speed, experience, and proven results makes it one of the most reliable choices if you require efficient debt management.
Accredited Debt Relief: Best for business owners with mixed personal/business debt
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|---|---|
Program type | Debt settlement/consolidation |
Estimated fee range | Up to 25% of enrolled debt |
Debt reduction potential | Up to 50% |
Customer satisfaction (BBB? rating) | A+ |
Credit score impact | Temporary impact; varies by case |
Why I like Accredited Debt Relief
Unlike the single-focus debt relief companies on this list, Accredited Debt Relief offers a hybrid approach combining debt settlement and consolidation. This flexibility is crucial if your finances often overlap with personal obligations.
Its transparent fee structure and customized solutions ensure that you know exactly what to expect. With 300,000 clients served and A+ BBB accreditation, it is a trusted option for those managing complex financial situations.
CuraDebt: Best for tax debt support
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Program type | Debt settlement/tax relief |
Estimated fee range | Competitive (unspecified) |
Debt reduction potential | Up to 50% |
Customer satisfaction (BBB? rating) | A+ |
Credit score impact | Temporary decline; improves post-settlement |
Why I like CuraDebt
Most debt relief companies primarily handle credit card and unsecured debt, but CuraDebt offers specialized support for tax debt. This makes it a valuable resource if your business is facing IRS or state tax issues.
Its team of tax professionals, including attorneys and enrolled agents, directly negotiates with tax authorities, offering comprehensive relief. CuraDebt’s focus on both tax and unsecured debts sets it apart from the other options in this roundup, making it the best choice if your business is dealing with IRS challenges.
Pacific Debt Relief: Best for low-cost debt settlement
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|---|---|
Program type | Debt settlement |
Estimated fee range | 15% to 25% of enrolled debt |
Debt reduction potential | Up to 50% |
Customer satisfaction (BBB? rating) | A+ |
Credit score impact | Temporary drop; recovers post-settlement |
Why I like Pacific Debt Relief
When compared with other debt relief programs in this guide, Pacific Debt Relief offers some of the lowest fees while still delivering effective settlements. Its transparent, performance-based pricing ensures you only pay after a successful negotiation, making it a cost-effective choice.
Unlike higher-priced competitors, Pacific Debt Relief maintains a simple fee structure. It also has over 20 years of experience and has settled over $500 million in consumer debt through a straightforward 3-step process. Among the best get-out-of-debt programs, those things make it ideal if you’re looking to cut costs without sacrificing quality.
Note that to qualify, you must have at least $10,000 in unsecured debt, such as credit card balances.
DebtWave Credit Counseling: Best for preserving credit
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Program type | DMP |
Estimated fee range | |
Debt reduction potential | 25% to 50% interest reduction |
Customer satisfaction (BBB? rating) | A+ |
Credit score impact | Minimal; may improve over time |
Why I like Debt Wave Credit Counseling
DebtWave Credit Counseling is ideal if you want to protect your credit score. Unlike other settlement programs that may require missed payments, it helps reduce interest rates through structured DMPs while maintaining timely payments, which minimizes credit damage.
As a nonprofit, it focuses on helping you repay your debt responsibly by reducing interest rates, making it a good choice for maintaining creditworthiness. It has helped consumers repay over $300 million in credit card debt and typically has clients debt-free in three to five years.
DebtWave Credit Counseling offers free credit counseling, a complete budget analysis, and practical debt solutions. With personalized support, it’s a top choice if you’re seeking debt relief without sacrificing long-term credit health.
American Consumer Credit Counseling: Best for low-income individuals seeking free or affordable credit counseling
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Program type | Credit counseling/DMP |
Estimated fee range | Free to low cost |
Debt reduction potential | 25% to 50% interest reduction |
Customer satisfaction (BBB? rating) | A+ |
Credit score impact | Minimal; may improve over time |
Why I like American Consumer Credit Counseling
Compared with the other credit counseling services listed here, ACCC offers free initial consultations and affordable debt management plans. That makes it an ideal option if you’re a low-income individual or small business.
Its focus on budget education and personalized plans helps you gain financial stability without incurring significant fees. With its A+ BBB rating and long history of helping consumers since 1991, ACCC is the best choice if you need debt relief without spending a lot upfront.
How I evaluated the best debt relief agencies
I focused on the real-world needs of business owners facing unmanageable debt. Whether the burden stems from credit cards, vendor obligations, or tax liabilities, my goal was to identify debt relief agencies that offer legitimate, affordable, and strategic solutions tailored to the financial challenges of small businesses.
- Type of debt covered: I prioritized programs that can handle a range of business-related debt, such as credit card balances and tax obligations. A program’s ability to address the specific types of debt a small business carries is critical to delivering meaningful results.
- Program costs and fee transparency: Each provider was assessed for its cost structure. I looked for programs with clear, upfront disclosures, as cost clarity is essential for small businesses to regain control without deepening their debt burden.
- Timeframe for relief: I reviewed how long programs typically take to deliver results. Some debt reduction programs may settle debts in a few months, while others require longer commitments. Businesses needing faster resolutions or managing urgent cash flow concerns may require programs with accelerated timelines.
- Credit score impact: I considered how each program may affect a business’s credit profile. While some temporary credit impact is common, especially with settlement programs, accounts that work to preserve or repair credit were ranked more favorably. This is especially important for businesses seeking future funding.
- Accreditations and industry reputation: I looked for companies accredited by reputable organizations, such as the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA). Additionally, I reviewed BBB ratings and verified customer feedback to assess overall trustworthiness and performance history.
My evaluation was based on independent analysis of public data, including provider websites. All information is current as of April 2025. While I strive for accuracy, debt relief programs vary by state, business type, and individual circumstances. Terms may change, and results aren’t guaranteed. Always contact providers directly and compare options before enrolling.
How to choose the right program for your business
While I used my own criteria to select the best debt relief programs for small businesses, you should review several important factors before deciding.
1. Confirm the type of debt you need help with.
Different programs specialize in various kinds of debt. Some focus primarily on unsecured debts like business credit cards, while others offer assistance with tax debts or merchant cash advances. Before choosing a program, ensure it aligns with your specific debt challenges.
2. Compare fees and program costs.
Debt relief isn’t free, and costs vary widely. Carefully review settlement fees, monthly service charges, and any additional costs. Some of the best debt relief companies offer lower or performance-based fees, which can significantly reduce your total expenses over time.
3. Review timeline expectations.
Not all debt relief is immediate. Some programs focus on fast settlements, whereas others take a more gradual approach to negotiating with creditors. If time is critical to keep your business afloat, prioritize programs specializing in faster settlements.
4. Evaluate the impact on credit.
While some debt reduction programs aim to minimize credit score damage, others can negatively impact your credit profile, especially during negotiation. If preserving your credit is a priority, choose programs known for minimizing damage to your credit report and score.
5. Check for industry-specific experience.
If your business operates in industries like construction, retail, or services, working with a debt relief provider experienced in your field can make a big difference. Some of the best get-out-of-debt programs customize strategies based on typical cash flow cycles, vendor terms, and industry risks.
6. Look for accreditation and certifications.
Reputable best debt relief agencies are often members of professional organizations like the AFCC, IAPDA, or AADR. Accreditation signals that a provider follows industry best practices and ethical guidelines.
7. Understand settlement strategies and negotiation power.
The strength of a debt relief company often lies in its ability to negotiate aggressively with creditors. Ask about its settlement success rate, average debt reduction percentage, and their relationships with major lenders. This can give you an edge in reducing your total obligations.
8. Read customer reviews and evaluate support quality.
Finally, take time to read verified customer reviews. Look for feedback on transparency, responsiveness, success rates, and overall satisfaction. Strong client support throughout the debt relief process, especially if issues arise, can be a deciding factor for a positive experience.
Key considerations for business owners: When evaluating the best debt relief programs for your business, focus on how well each option aligns with your financial situation, credit goals, and operational needs.If you’ve already reviewed the core selection criteria above, use this as a quick-reference checklist:
- Does the program address the specific type of debt your business is facing?
- Are the fees and program costs clearly explained and reasonable?
- Will the timeline work with your urgency for relief?
- How might it affect your credit score, short- and long-term?
- Does the provider have experience in your industry?
- Are they accredited by organizations like AFCC, IAPDA, or AADR?
- What do real customer reviews say about support and success rates
By weighing these considerations carefully, you can choose a solution that supports your short-term recovery and long-term growth.
Deal breakers for entrepreneurs: Not every debt relief program is a good fit. Here are major red flags and deal breakers you should watch for:
- High upfront fees: Legitimate best debt relief agencies typically do not charge large upfront payments. Avoid companies demanding significant fees before any debts are negotiated or settled.
- Lack of transparency: If a provider is vague about costs, settlement strategies, or timelines, that’s a sign to walk away.
- One-size-fits-all programs: Your business situation is unique. Avoid agencies offering cookie-cutter solutions without customizing a plan to your debt type, industry, or cash flow.
- Aggressive credit damage: Some programs recommend defaulting on payments immediately to force creditor negotiations, which can harm your business and personal credit scores.
- No industry experience: Working with an agency unfamiliar with your type of business could result in poorly structured settlements or missed opportunities for better terms.
- Poor customer reviews: Consistent complaints about communication, surprise fees, or failed settlements should be considered serious warning signs.
Choosing the wrong program can worsen your debt situation instead of improving it. Take the time to review all aspects before committing.
What is a debt relief program & why does it matter for business owners
A debt relief program helps individuals and businesses reduce, reorganize, or eliminate debt. It can prevent bankruptcy, keep operations running, and restore financial stability. Access to the best debt relief programs can mean the difference between recovery and closure.
Debt relief matters because unresolved debt can cause cash flow problems, vendor issues, and limited credit access. Exploring options for debt relief lets business owners negotiate better terms, lower payments, and rebuild for future growth without losing key relationships.
Understanding debt relief for business-related obligations
Small business debt often comes from multiple sources: business credit cards, equipment financing, short-term loans, vendor agreements, or personal guarantees tied to business funding. Unlike personal debt, business debt can have broader consequences, affecting employees, suppliers, and customers.
The best debt relief agencies create customized solutions tailored to your business’s unique financial situation. They address both secured and unsecured debts by negotiating directly with creditors to settle, restructure, or consolidate obligations. Understanding whether you’re dealing with short-term cash flow loans or long-term expansion debt is crucial for selecting the right program for effective financial recovery.
Types of debt relief solutions for entrepreneurs
- Debt consolidation loans: Combine multiple debts into one loan with a lower interest rate, making it easier to manage monthly payments. Learn how balance transfers work and whether they’re a good option for consolidating business credit card debt. If you’re considering consolidating large credit card balances, consider getting a business loan to pay off credit card debt as part of your strategy.
- Debt settlement programs: Negotiate with creditors to reduce the total amount owed in exchange for a lump-sum payment or structured payout plan.
- Business DMPs: Work with a credit counselor or firm to create a formal repayment plan that fits your cash flow while stopping additional penalties.
- Bankruptcy (as a last resort): File Chapter 7 or Chapter 11 bankruptcy to clear some business debts, but note that it comes with long-term credit and operational consequences.
Frequently asked questions (FAQs)
Yes. The best debt relief programs and best debt relief agencies offer specialized business solutions — including debt consolidation, negotiated settlements, and restructured payment plans — that help reduce your financial burden while keeping your business operational.
Yes, but although debt reduction programs may temporarily lower your score, the best debt relief companies still work to minimize long-term damage. They can also ultimately help improve your credit profile as you reduce debt and establish a positive payment history.
Yes. Programs like SBA loan modifications and IRS tax relief initiatives offer options for debt relief specifically designed for small business owners and independent contractors.
Yes, you can typically keep your business operating during debt settlement. Debt relief programs are designed to help you negotiate with creditors behind the scenes while maintaining your day-to-day operations, preserving customer relationships, and retaining employees as you work toward a more sustainable financial foundation.
A debt relief program can be worth it if your business struggles with unmanageable debt. It may help reduce debt, lower interest rates, and create affordable payments. However, be mindful of potential credit impacts and choose a reputable provider. For many, it offers a structured path to recovery that’s hard to achieve alone.
Bottom line
Managing personal and business debt can strain your small business through cash flow issues, vendor pressure, and limited credit. If your business is overwhelmed by debt, the right relief program can offer a path to recovery. From debt settlement to credit counseling and DMPs, there are reputable debt relief agencies to match your specific needs.