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Best Debt Consolidation in Houston, TX

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by Sandi Pope ConsumerAffairs Research Team

If worries about credit card debt are keeping you up at night, consider working with a Texas debt relief company. Debt relief companies in Texas offer multiple helpful services, including debt settlement, debt consolidation and credit counseling. We list the best debt relief companies in Houston so you find a debt management strategy.

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Top 11 Houston Debt Relief Companies

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    Houston residents have some of the highest amounts of debt in Texas. Pearland residents, for example, have an average of almost $33,000 in non-mortgage debt, including credit card balances and personal loans. Missouri City, League City, Spring, Friendswood and Sugar Land residents are not far behind.

    Debt relief companies help make your debt more manageable by analyzing your finances and making it easier to pay back your creditors with strategies like debt settlement, debt consolidation and credit counseling. Many debt relief providers offer no-obligation consultations so you can find out if you qualify and learn more about the process.

    How does debt relief work in Houston, TX

    Debt relief companies in Houston offer several different types of debt relief. Some of the most common include:

    • Debt settlement: You pay a monthly amount — typically 1% to 3% of your total debt — into an escrow account. As these funds build, the debt relief company uses it to offer your creditors a lump-sum payment that is less than the total amount you owe. To qualify for debt settlement, you usually need to have at least $10,000 in unsecured debt and be behind on payments. Debt settlement commonly takes six months to three years or longer.
    • Debt consolidation: Debt consolidation most commonly involves taking out a new loan and using it to pay your existing debt. The new loan typically has a lower interest rate than your current debts, which saves you money over time. To qualify for a debt consolidation loan, you generally need a credit score of 620 or higher. Debt consolidation, unlike debt settlement, does not lower your total debt. The loan term is usually three to five years.
    • Credit counseling: Credit counseling organizations, often nonprofits, give advice on money and debt management. They help you develop a budget, show you how to get a copy of your credit report and organize a debt management plan.
    • Bankruptcy: Bankruptcy is the last resort for debt relief because of its negative long-term effect on your credit report. If you file for bankruptcy, a federal court reviews your finances and decides whether to discharge your debt or set up a repayment plan with creditors.

    Houston debt relief FAQ

    What is debt consolidation, and is it common in Houston?
    Debt consolidation is the process of combining multiple unsecured debts into a single, manageable monthly payment, usually with a lower interest rate. Debt consolidation loans are most popular among Houston residents with good credit scores who have unsecured debts totaling $10,000 or more with high interest rates.
    How common is debt relief in Houston?
    Debt relief is very common in Houston. The city's households have some of the highest debt in the U.S., leading many to seek out debt settlement, debt consolidation or credit counseling.
    What can I do to avoid debt in the future?
    To avoid debt, establish a budget, don’t use credit cards and prepare for high-cost emergencies by saving money.
    How do I know if I need to declare bankruptcy?
    A debt relief company or bankruptcy attorney can evaluate your finances and tell you if there are options to try before bankruptcy. Because of its negative effects on your credit, bankruptcy should be considered a last resort, according to the Federal Trade Commission. Many bankruptcy attorneys in Houston also offer debt relief alternatives, such as debt settlement.

    Not sure how to choose?

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      Houston debt relief company information

      Law Office of David A. Fernandez

      The Law Office of David A. Fernandez’s attorneys work with clients to design a debt relief strategy and protect client rights. The firm’s debt negotiation services assist with debt from credit cards, medical bills, personal loans and cell phone bills. It has more than 25 years of experience and offers services in Spanish. Contact the firm online to schedule a free telephone consultation.

      • Address: 2190 North Loop W., Ste. 333, Houston, Texas 77018
      • Phone: (713) 893-8509
      • Hours: M - F: 9am - 5pm
      • Website: yourhoustonconsumerattorney.com
      Mastriani Law Firm Houston

      Mastriani Law Firm provides Texas debt defense services for individuals, families and business owners. It offers more than 20 years of experience and free consultations to discuss debt relief for credit cards, bank loans, medical bills and secured loans.

      • Address: 1225 North Loop W., Ste. 909, Houston, TX 77008
      • Phone: (713) 965-7595
      • Hours: Call for hours
      • Website: texasdebtdefense.com
      Dove Law Firm

      Dove Law Firm’s team offers debt relief services that include debt settlement and debt lawsuit defense. Clients always speak with an attorney during appointments and phone calls. Contact the firm for a free consultation and learn about your debt relief options. Appointments are available on evenings and weekends.

      • Address: 1111 North Loop W., Ste. 1115, Houston, Texas 77008
      • Phone: (832) 509-3400
      • Hours: M - F: 9am - 6pm
      • Website: dovebankruptcylaw.com
      CareOne Debt Relief Services Houston

      CareOne Debt Relief Services has helped more than 5 million customers across the nation find better debt solutions. Its debt consolidation services are personalized to each customer’s situation. The company uses a free analysis, connections with 207,000 creditors and excellent customer support to build the right solution for each customer. It offers a 100% satisfaction guarantee.

      • Address: Serves Houston residents
      • Phone: (800) 227-3123
      • Hours: M - Th: 8am - 7pm; F: 8am - 5pm
      • Website: careonecredit.com
      JSC Federal Credit Union

      JSC Federal Credit Union serves as a one-stop shop for all members' financial needs, including debt consolidation loans with personalized interest rates. Contact JSC FCU to become a member and apply for a debt consolidation loan online or in person at more than 20 locations. JSC FCU has nearly 60 years of experience and 123,000 Houston-area members.

      • Address: 1330 Gemini Ave., Houston, TX 77058; Multiple locations
      • Phone: (281) 488-7070
      • Hours: M - F: 9am - 5pm; Sat: 9am - 1pm
      • Website: jscfcu.org
      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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