DebtGuru

• DebtGuru's Process
• Benefits of the Program
• Low Interest Rates and Cost
• Relationship With Creditors
• Educational Resources
• Accreditation

DebtGuru's Process

In order to achieve debt relief, DebtGuru works with a combination of free credit counseling and a debt management program. To start, potential clients can request a free, honest, and accurate evaluation of their unique financial situation. The company provides advice and claims to help assess the customer's finances within 15 minutes. DebtGuru works with customers to devise a plan to achieve financial freedom.

Clients can enjoy a free credit counseling session with a non-profit, certified, credit counseling professional. DebtGuru professionals will go through client spending habits and dive into their financial situation. 

The session will let you know if DebtGuru's debt management program is necessary, or if small changes in your financial habits can do the trick. 

DebtGuru's debt management plan works with creditors to decrease interest rates, late fees, and over-limit fees. The credit counseling process can actually help save 10 to 15 percent of your income.

If DebtGuru's debt management program fits your situation, it can reduce monthly debt payments, create a budget, and make sure payments are made on time. The company claims to help save their customers at least $10,000 in lower interest payments.

Benefits of the Program

Using online forms, customers can apply and get started with the debt management program the same day. Customers can consolidate debt through this program without having to take out a loan.

The debt management program can help reduce or eliminate interest rates, and reduce monthly payments by 25 to 50 percent. It can also help reduce or eliminate late and over-limit fees. With the program, customers can stop collection calls and creditor harassment.

Customers can choose how long they want to stay enrolled in the program, and can terminate the plan at any time. People get out of debt in one-third of the time with this program, and 95 percent of clients significantly reduce their interest rates.

Enrolling in DebtGuru's program can help you quickly become debt-free.

Low Interest Rates and Cost

DebtGuru offers low interest rates to help customers manage their debt. But, how much does DebtGuru cost to use? There is a monthly cost of anywhere from $15 to $39. The company can reportedly reduce your interest rates down to 0-15 percent. So your savings will depend on the monthly cost to interest ratio. For example, if you pay $20 per month to reduce your 18 percent interest rate loan down to 8 percent, that's well worth your money.

Relationship With Creditors

The company claims to have a great relationship with thousands of creditors. DebtGuru actually aims to work with creditors and not against them. Its positive relationship with creditors is what allows clients the ability to reduce interest rates, monthly payments, fees, and stop collection calls.

Educational Resources

While it is not necessarily required to offer debt articles and educational resources, it is a helpful addition to companies. Customers who want to learn more about consolidation and debt relief can explore DebtGuru's blog and debt articles for free.

Accreditation

DebtGuru is ISO 9001:2008 certified and is in good standing with the Better Business Bureau. The National Institute For Financial Counseling Education also independently certifies DebtGuru’s counselors.

• Limited Online Information
• Few Consolidation Tools

Limited Online Information

The website lacks key information on fees, costs, and interest rates. While DebtGuru does a good job of explaining the monthly fee, the website really does not elaborate on potential fees included in the program. 

There is also limited information on cancellation fees or any additional fees. It is also unclear whether or not DebtGuru includes a money-back guarantee with its services, and if its debt management plan works in all states.

However, the cost of the program varies depending on individual financial situations. Potential clients are best served by meeting with DebtGuru for a free consultation to better understand costs.

Few Consolidation Tools

Though the website does provide debt articles and a financial blog, the company does not seem to offer a consolidation calculator of any kind. Additionally, the website does not provide any past consolidation examples-only past client testimonials.