Golden Financial Services is a debt settlement company that aims to ease the constraints of debt. The company has a great record of industry experience, having been in business since 2004. GFS provides a variety of financial services, including debt settlement, consolidation, counseling, and more. In 2014, it was voted the “#1 Debt Relief Company” by eKomi, a global feedback company.

Rank Chart
Fee
Debt Requirement
Our Score
#1
15-25%
$7,500
9.4
#2
15-25%
$7.5k
9.3
#3
15-25%
$7.5k
8.9
#24
Golden Financial Services Reviews | BestCompany.com
Undisclosed
Undisclosed
2.8

The Good

  • Free phone consultation
  • 12+ years of experience
  • All settlements are protected by an attorney

Experienced

Golden Financial Services has over 12 years of experience in the debt settlement industry, which is longer than many of its competitors.

Debt Settlement Calculator

On their website, GFS has a calculator for potential clients to see how much they could pay for debt settlement. It is one of the few companies in debt settlement that offers a tool like this. GFS also has information in Spanish on their website that is easy to find.

Free Consultation

Because Golden Financial Services only offers its services in select states, the company offers a free phone consultation where a staff member will asses the financial status of the caller to determine qualification.

The Bad

  • Overall lack of transparency
  • Scalability
  • No industry accreditations

No Accreditations

The most important negative aspect to highlight about GFS is that it lacks accreditations with the AFCC, and IAPDA. Nation and industry-wide accreditations such as these help keep debt settlement companies on top of federal laws and best practices.

Scalability

GFS is also a smaller debt relief company. The company employs between 11-50 employees, and there is no mention of a CEO, president or chairperson anywhere on their website. This mainly concerns us because we don’t know the credentials of who is running the business. We like to see when companies are transparent with this information.

Lack of Clarity

From looking at Golden Financial Services’ website, it is difficult to determine which services the company offers and which ones it simply consults on. The company does not disclose pricing information, minimum debt amount, or state availability. The only way to find out is to call the company and request a free consultation or ask for clarification. Additionally, some portions of the company website are difficult to navigate and do not appear to function as intended or as you would think.

Want to know which debt settlement companies are top rated? Click here.

The Bottom Line

Golden Financial Services is experienced and offers free consultations to interested consumers. However, the company is not well accredited and does not provide a lot of important information on its website. For this reason, we recommend learning about more credible debt settlement companies.

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Frequently Asked Questions

How Much Does Golden Financial Services Cost?

Pricing depends on the specific customer circumstance. As an example, they say that in the case of a $30,000 settlement, Golden Financial Services would charge $1,750, which would be divided into monthly payments. Detailed information about your specific debt situation can be obtained through a free consultation.

Can I Get A Free Consultation?

Golden Financial Services provides free over-the-phone consultations. They will talk through your debt problems, say which solution is best for you, and provide estimates on how long it will take to pay off your debt.
They also have services for those who are in credit card lawsuits. They offer a free consultation that could help you get set up with a lawyer and plan to resolve any legal issues.

What Types of Debt Does Golden Financial Services Work With?

The company only provides services for unsecured loans.

What Is the Minimum Debt Amount I Can Sign Up With?

The minimum debt accepted for debt settlement is $7,500.

More Information

About Golden Financial Services

Golden Financial Services has been in business since 2004. The company strives to inform and educate consumers to make smart financial choices. GFS specializes in debt settlement and negotiation. GFS has also partnered with some of the best debt relief attorneys in the business. By doing so, the customer has the opportunity to choose an attorney based or non-attorney based settlement program. GFS specializes in debt settlement and negotiation.

Price

Undisclosed

Account Set-Up

  • Free consultation: Yes
  • Personal consultant during the settlement: No

Accreditations

  • AFCC accredited: No
  • IAPDA accredited: No

Time in Business

Started in 2004

Minimum Debt Requirement

Undisclosed

States Available

Undisclosed

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    10

    June 22nd, 2016 New Windsor, NY

    They offered me a student loan consolidation for my federal loans and cut my payment from $710 down to $59 per month. They resolved my private student loans and included credit repair for free. Its just unbelievable the results. Thank you

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