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Best Debt Consolidation in Nashville, TN

Dec. 9, 2019, 8:32 p.m.

High credit card bills send Music City residents looking for debt relief. ConsumerAffairs researched the best debt consolidation in Nashville to help you choose a partner for debt settlement.

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#1
MOST POPULAR
National Debt Relief

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#1 MOST POPULAR
National Debt Relief
National Debt Relief
Features
  • Debt consolidation loan alternative
  • Minimum $10,000 credit card debt required
  • Debt settlement
  • No upfront costs or fees
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#2
CreditAssociates
CreditAssociates
Features
  • Minimum $10,000 credit card debt required
  • Available in Nashville
  • Collateral not required
  • Debt consolidation loan alternative
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#3
Freedom Debt Relief
Freedom Debt Relief
Features
  • Debt consolidation loan alternative
  • Minimum $15,000 credit card debt required
  • Free, no-risk debt relief consultation
  • Track your progress 24/7
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(866) 515-6714
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#4
Accredited Debt Relief
Accredited Debt Relief
Features
  • Minimum $10,000 credit card debt required
  • Debt consolidation loan alternative
  • Debt settlement
  • No fees until your debts are resolved
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#5
Cornerstone Financial Credit Union
Cornerstone Financial Credit Union
Features
  • Tips for getting out of debt
  • Credit counseling
  • Financial education
  • Loan rates
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Location
1701 21st Ave. S.
Nashville, TN 37212
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#6
Mariner Finance
Mariner Finance
Features
  • Finance tips
  • Online testimonials
  • Personal, car and home loans
  • Pay online
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Location
4907 Nolensville Rd.
Nashville, TN 37211
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The Tennessee Credit Union
The Tennessee Credit Union
Features
  • M-Thu: 8:30am - 5pm
  • F: 8:30am - 6pm
  • Closed Sat and Sun
  • ttcu.org/products_services/loans
Location
1400 8th Ave. S.
Nashville, TN 37203
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Lefkovitz & Lefkovitz
Lefkovitz & Lefkovitz
Features
  • M-F: 8am - 8pm
  • Closed Sat and Sun
  • lefkovitz.com/Debt-Management
Location
618 Church St., Ste. 410
Nashville, TN 37219
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The Nevin Law Firm
The Nevin Law Firm
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • thenevinlawfirm.com
Location
404 James Robertson Pkwy., Ste. 1850
Nashville, TN 37129
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The Home Loan Expert
The Home Loan Expert
Features
  • M-Sat: 7am - 7pm
  • Closed Sun
  • thehomeloanexpert.com
Location
320 Seven Springs Way Ste. 250
Brentwood, TN 37027
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Debt Reduction Services
Debt Reduction Services
Features
  • M-F: 9am-8pm
  • Closed Sat and Sun
  • debtreductionservices.org/debt-consolidation/nashville-tennessee/
Location
Serves residents in
Nashville, TN
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Debt Consolidation Care
Debt Consolidation Care
Features
  • M-Sun: 9am - 6pm
  • debtconsolidationcare.com/tennessee
Location
Serves residents in
Nashville, TN
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How to choose debt consolidation in Nashville

Nahville Skyline

Nashville’s average income per resident is $49,891. Overall, Tennessee ranks 41st in the United States for median income. Here is how Nashville compares to the rest of the country for overall debt and income:

Nashville Tennessee United States
Average credit card debt $5,333 $6,217 $5,700
Average household income $49,891 $51,344 $57,617

Although Nashville has lower credit card debt, residents are still in need of financial freedom. Car loans, student loans, medical emergencies and family situations can quickly lead to crushing amounts of debt.

There are several forms of debt consolidation in Nashville. Residents can choose what best suits their financial goals:

  • Debt consolidation: If you owe more than $10,000 in debt, debt consolidation may be a good choice. This option requires getting a single consolidation loan to cover all of your unsecured debts. Rather than paying various bills to different institutions, you pay one bill to a debt consolidation company. This option groups your debts together, making it easier to pay off, so long as the interest rate is lower.
  • Debt counseling: A debt counselor can help you create a plan that meets your debt requirements and chips away at what you owe.
  • Debt resolution: A debt resolution company negotiates with creditors on your behalf to lower rates, payments and other factors affecting your debt. In the meantime, you continue to save money into a specific program account until you can pay off your debt. This process continues until all of your debts have been repaid.

As with any financial strategy, debt consolidation has pros and cons.

Advantages:

  • Fewer phone calls and discussions with creditors
  • A simplified payment process
  • Potential for a smaller interest rate
  • Lower principal amount due
  • Avoids credit score damage (unlike bankruptcy)

Disadvantages:

  • Longer payment term
  • May require collateral (home, vehicle) depending on payment plan

As an absolute last resort, you could file for bankruptcy. To determine which option is best for your situation, discuss your finances with a professional debt consolidation company in Nashville.

National Debt Relief

National Debt Relief VISIT NATIONAL DEBT RELIEF

As one of the country’s largest debt relief companies, National Debt Relief has accreditations with institutions such as the International Association of Professional Debt Arbitrators and the American Fair Credit Council. To prove their success, users can view actual debt settlement letters on the company’s website.

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CreditAssociates

CreditAssociates VISIT CREDITASSOCIATES

For debt relief solutions, CreditAssociates works to settle debt in 24 to 36 months. Good credit is not required and customers get a free, no obligation consultation by speaking to trained advisors who are experts in negotiating down debt. Customer reviews speak highly of agents for being professional, helpful and communicative.

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Freedom Debt Relief

Freedom Debt Relief

(866) 515-6714 VISIT FREEDOM DEBT RELIEF

With over 600,000 clients enrolled, Freedom Debt Relief is a nationwide debt consolidation company that offers a four-stage debt relief plan. The company has an online dashboard that allows clients to track their debt payoff progress. Online testimonials from Nashville praise their efficient, easy-to-use programs.

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Accredited Debt Relief

Accredited Debt Relief VISIT ACCREDITED DEBT RELIEF

Accredited Debt Relief does not have a physical Nashville office but assists residents with free online or over-the-phone quotes. This debt consolidation company boasts various awards and certifications, such as membership on the AFCC (American Fair Credit Council). Positive online reviews say agents are patient and work hard to acquire manageable monthly payments for clients.

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Cornerstone Financial Credit Union

Cornerstone Financial Credit Union

This Middle Tennessee credit union provides a multitude of banking services in addition to debt consolidation and counseling. The credit union has been helping Music City residents since 1955. Clients acknowledge the friendly agents and tellers as one of the reasons they chose Cornerstone Financial Credit Union.

Mariner Finance

Mariner Finance

Mariner Finance provides clients with a variety of loan options, including loan education and debt counseling services. The Nashville branch is conveniently located off of Nolensville Road. Online reviews discuss professional customer service, but note higher interest rates than other loan opportunities.

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