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Best Debt Consolidation in Dallas, TX

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by Sandi Pope ConsumerAffairs Research Team

The average Dallas-Fort Worth resident has more than $7,000 of credit card debt, which ranks among the highest in the country. Many people struggling with debt seek debt relief, which can include debt consolidation or debt settlement. We created a list of the best debt relief companies in Dallas to help your search.

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Top 11 Dallas Debt Relief Companies

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    Being in significant debt and behind on your payments is stressful and frustrating, but enlisting the help of a professional debt relief company can help. Many debt consolidation companies in Dallas specialize in managing your debt and help you avoid debt in the future.

    Can I qualify for debt consolidation in Dallas?

    Debt consolidation works by rolling all of your existing debts into one payment, ideally with a lower interest rate. Debt consolidation is a good strategy for people in Texas who have:

    • A total debt, excluding their mortgage, less than 40% of their gross income
    • Strong enough credit to qualify for a 0% or low interest rate credit card or personal loan
    • The means to make consistent payments
    • A plan to prevent falling into debt again

    If you don’t qualify for debt consolidation, consider debt settlement. Instead of replacing your existing loans with a new one at a lower rate, the debt settlement process involves attempting to pay your loans by negotiating with creditors to accept less than the total amount you owe.

    Under debt settlement, you make one affordable payment into an account used solely for debt settlement purposes. Once you’ve saved enough money, a debt settlement company uses the amount to attempt to get your creditors to accept a lump-sum payment of less than you owe to settle the debt. If the negotiation is successful, the debt relief company waits until you build enough money in the account to repeat the process until all your debts are settled.

    Debt settlement has the benefit of letting you pay less than what you owe on a debt. Because you stop making payments to your creditors, though, it often has a negative effect on your credit score.

    Dallas debt relief FAQs

    How long does a lien last in Texas?
    A judgment lien in Texas remains attached to the debtor's property for 10 years, even if the property changes hands.
    What is debt consolidation, and is it common in Dallas?
    Debt consolidation is a popular debt relief strategy that involves rolling existing debts into one new account that is easier to manage and has a lower interest rate.
    How can I avoid bankruptcy?
    Sell your assets, seek credit counseling, consolidate your debt, negotiate debt settlement and explore every other possible debt relief option before filing bankruptcy in Texas. Bankruptcy remains on your credit report for seven to 10 years, depending on the type of bankruptcy you undergo, and has a significant impact on your financial prospects.
    What can I do to avoid debt in the future?
    Dallas residents can avoid debt by using cash to pay for purchases, creating a budget and putting money aside for an emergency fund.

    Not sure how to choose?

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      Dallas debt relief company information

      McCarthy Law PLC

      McCarthy Law PLC handles all types of debt, including business debt, credit cards, merchant loans, payday loans and divorce debt. It typically settles Texas clients’ debts for 55 to 60 cents on the dollar. The company charges based on a percentage of your debt, so there are no surprises on your bill. It offers a free phone consultation to find the right type of debt relief for you.

      • Address: Serves Dallas residents
      • Phone: (855) 976-5777
      • Hours: M - Sun: 6am - 6pm
      • Website: mccarthylawyer.com
      Mastriani Law Firm Dallas

      Attorney John Mastriani helps customers all across Dallas County. His firm’s experienced debt settlement attorneys help clients in a broad range of situations, including credit card lawsuit defense, harassment from creditors, credit card debt, business debt, payday loans, medical debt and garnishment defense.

      • Address: 509 Sharp Drive, Desoto, TX 75115
      • Phone: (214) 717-4019
      • Hours: 24/7
      • Website: texasdebtdefense.com
      Law Offices of David Kohm

      The bankruptcy attorneys at the Law Offices of David Kohm have more than two decades of experience helping Texas clients restore their financial stability. The firm primarily deals with bankruptcies, but it also provides debt settlement services and helps protect people in Dallas from predatory harassment by creditors. The firm offers free consultations 24/7 and has Spanish-speaking representatives.

      • Address: 1414 W. Randol Mill Road, Ste. 118, Arlington, TX 76012
      • Address: (817) 522-4451
      • Hours: 24/7
      • Website: attorneykohm.com/personal-injury-attorney-arlington
      The Bronson Law Firm PC

      Attorney Bill Bronson is board-certified in civil trial law by the Texas Board of Legal Specialization. He has represented hundreds of clients facing lawsuits from creditors and debt collectors. He also negotiates with creditors to reduce clients’ debts as much as possible.

      • Address: 16475 Dallas Parkway, Ste. 345, Addison, TX 75001
      • Phone: (972) 770-2660
      • Hours: M-F: 9am - 5pm
      • Website: northdallasirshelp.com
      by Sandi Pope ConsumerAffairs Research Team

      Sandi Pope previously worked in the nonprofit sector as an advocate for environmental and social change and believes information access is a human right. As a member of the ConsumerAffairs Research Team, she seeks to provide consumers with the necessary information needed in making life-altering decisions.

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