DebtMD is an online platform that connects consumers with companies that provide solutions for credit card, medical, and student loan debt, including credit counseling, debt settlement, and bankruptcy. The company’s CEO, James Lambridis, worked in the debt relief industry before founding DebtMD and holds a degree in finance from Pennsylvania State University and a master’s of business administration from New York University’s Stern School of Business.
Debt MD is not a licensed financial institution; rather, it helps customers find licensed businesses that can help them with their debt.
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Although DebtMD doesn’t provide financial solutions itself, it lists multiple companies where consumers can find relief in each of its debt categories, including medical debt, credit card debt, and student loan debt. These companies offer a variety of solutions, including debt consolidation loans, credit counseling, debt settlement, and refinancing.
DebtMD also offers a variety of free financial tools for visitors to its website. These tools include a smart-debt analyzer that helps consumers find the solution that will work best for their particular situation, payoff calculators to help borrowers find out how long it will take them to pay off their debt, and monthly payment calculators that show borrowers how much they should pay each month to eliminate their debt in the desired amount of time.
DebtMD doesn’t provide financial solutions itself; it is simply an online platform that helps consumers find debt solutions through other companies. While this can be helpful for consumers who don’t know where to turn for debt relief, it also can be an extra step in between consumers and debt relief.
DebtMD is free to consumers. However, anyone who uses DebtMD to find a debt relief company will still have to speak to the companies they’re interested in working with to find out any fees and costs that may be associated with the debt relief services.