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About New Era Debt Solutions
New Era Debt Solutions is a debt settlement company that operates in 46 states and has more than 20 years of experience. Its goal is to help people eliminate their debt as quickly and inexpensively as possible by negotiating with creditors on their behalf.
Pros & Cons
- Easy application process
- Services available online
- Not available in IA, OR, SD and ME
Featured Reviews
I’m going through a two-year program with New Era Debt Solutions. The other company I worked with was unethical and I had a horrible experience. They saw my credit report and said...
Read full reviewI researched debt settlement companies, and came across New Era. I am so glad I chose them! Their customer service is outstanding and they are beyond knowledgeable. I went with an...
Read full reviewHow does New Era Debt Solutions work?
New Era Debt Solutions negotiates with your creditors to eliminate your debt for less than you currently owe. Once New Era and your lenders reach a settlement agreement, you pay a lump sum and walk away with nothing owed. New Era Debt Solutions’ average settlement amount is only 42.87% of the original account balance.
You might be eligible for this company’s services if you have a large amount of unsecured personal loan debt. To find out if New Era Debt Solutions is right for you, visit its website to start your free debt analysis. Be prepared to provide the following information:
- Name
- Phone number
- Address
- How much you owe
Once you apply, New Era Debt Solutions’ team contacts you to discuss the best approach to your situation. Customers work with the same debt specialists throughout the entire program and can contact them whenever they have questions.
New Era Debt Solutions designed its debt settlement program to take three to four years, but its website says that the average completion time is just 27.7 months.
How much does New Era Debt Solutions cost?
New Era Debt Solutions uses a performance-based fee model, so the cost varies based on your situation and the amount you end up paying to settle your debt. The company only charges you after it reaches a settlement with your creditors, so there are no monthly service fees or payments for services that aren’t complete. Contact a company representative to get a more specific idea of what your costs might be.
New Era Debt Solutions FAQ
Will New Era Debt Solutions hurt my credit?
Yes, any kind of debt settlement program does hurt your credit because it involves not paying your bills in the time leading up to the settlement. However, the penalty is not as severe as for bankruptcy.
Is New Era Debt Solutions a good choice?
On average, New Era Debt Solutions reduces its customers’ debts to just 42.87% of the starting balance. If you decide debt settlement is the best option for your situation and you’re searching for an online debt settlement provider, visit New Era Debt Solutions’ website to see if you qualify.
Where is New Era Debt Solutions available?
New Era Debt Solutions is available in Washington, D.C., and every state except Iowa, Oregon, South Dakota and Maine.
Is New Era Debt Solutions legit?
With an average settlement amount of only 42.87% of the original debt, New Era Debt Solutions has proven that its services work. If you’re searching for a debt settlement company with positive consumer reviews and online services, New Era Debt Solutions’ program could be right for you.
New Era Debt Solutions Reviews
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- 4,519,726 reviews on ConsumerAffairs are verified.
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- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
New Era Debt Solutions Company Information
- Company Name:
- New Era Debt Solutions
- Year Founded:
- 1999
- Address:
- 330 Wood Rd
- City:
- Camarillo
- State/Province:
- CA
- Postal Code:
- 93010
- Country:
- United States
- Fax:
- 800-986-4387
- Website:
- www.neweradebtsolutions.com