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Best Debt Consolidation in Denver, CO

Nov. 19, 2019, 10:57 p.m.

As Americans struggle to balance their finances, many find themselves looking for debt relief. Options can be confusing. One remedy is debt consolidation, which merges all of your existing debt into one, manageable loan. If the new loan offers a lower interest rate, you could save money, lower your payment and get out of debt faster, which makes it worth contacting these best companies for debt consolidation in Denver.

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#1
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National Debt Relief

Reduce your credit card debt

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National Debt Relief
National Debt Relief
Features
  • No upfront costs or fees until your debt is settled
  • Minimum $10,000 credit card debt required
  • Debt settlement negotiations
  • Debt consolidation loan alternative
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#2
Trident Debt Solutions
Trident Debt Solutions
Features
  • Free online consultation
  • Attorney-managed firm
  • No upfront fees
  • Unsecured debt negotiator
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Location
1444 Stuart St.
Denver, CO 80204
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US Mortgages
US Mortgages
Features
  • Financial counseling
  • Cash-out refinance loans
  • Home refinancing
  • Credit building
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Location
6855 S. Havana St., Ste. 500
Centennial, CO 80112
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Consumer Debt Consolidation
Consumer Debt Consolidation
Features
  • Online only
  • denver.consumer-debt-consolidation.com
Location
Online services only Serves residents in
Denver, CO
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DebtConsolidationCare
DebtConsolidationCare
Features
  • Online only
  • debtconsolidationcare.com
Location
Online services only Serves residents in
Denver, CO
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CareOne Debt Relief Services
CareOne Debt Relief Services
Features
  • Online only
  • careonecredit.com
Location
Online services only Serves residents in
Denver, CO
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Debt Reduction Services
Debt Reduction Services
Features
  • Online only
  • debtreductionservices.org
Location
Online services only Serves residents in
Denver, CO
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CreditGuard of America
CreditGuard of America
Features
  • Online only
  • creditguard.org
Location
Online services only Serves residents in
Denver, CO
Get matched today

How to consolidate debt in Denver

denver skyline

If debt is becoming too much to handle, a debt consolidation loan can help you avoid bankruptcy. Debt consolidation doesn't eliminate any of your debt, but rather rolls all of the debts you choose into one new loan. Debt consolidation companies take control over your existing debts, and then you work with them to pay it off.

Pros of debt consolidation loans

  • If the new loan interest rate is lower than your current interest rates, you can end up saving money.
  • If the new interest rate is lower, it may also decrease the monthly payment amount.
  • Making one payment each month instead of several payments saves time.
  • Making one payment can help you avoid late fees if you often miss payments.

Cons of debt consolidation loans

  • If the new loan interest rate is higher than your current interest rates, you will pay more on top of your debt.
  • If the new loan interest rate is variable, that means it can increase and end up costing more money.
  • Since a debt consolidation loan is a new loan, it may negatively impact your credit.
  • By consolidating loans, you lose terms and conditions of any existing loans. For example, for federal student loans, once you consolidate, you'll lose any benefits that go along with it, such as income-based repayment options or student loan forgiveness.

While quality of life is great, the cost of living in Denver is 12 percent higher than the national average. Denver is one of the 15 most expensive cities in the U.S. to buy a home. Residents, on average, carry $6,000 in credit card debt. Average debt including auto and personal loans balloons to about $42,000. More than half of Colorado's population holds a bachelor's degree and an average of $26,520 in student loan debt, making debt consolidation loans attractive to residents.

National Debt Relief

National Debt Relief VISIT NATIONAL DEBT RELIEF

National Debt Relief helps settle your credit card debt and doesn't charge fees until your debt is resolved. Customers say the online portal was easy to use, and it was a simple process. People also report that customer service professionals answered all of their questions.

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Trident Debt Solutions

Trident Debt Solutions

Trident Debt Solutions is a Colorado-based company specializing in credit card debt relief. Debt consolidation is available for individuals who have $30,000 or more in unsecured debt, such as credit cards or medical expenses. Denver customers say representatives are confident, supportive, sincere and knowledgeable.

US Mortgages

US Mortgages

US Mortgages is a Denver-based company that offers debt consolidation and is available to help create a specific plan tailored to your financial situation. Denver residents report a great experience working with US Mortgages, saying they were accommodating and transparent about the process.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.