Debt Solutions Network isn’t upfront about costs on its website. However, it does state that it doesn’t charge any upfront fees.
The amount you pay is a percentage based on the amount it saves you. For example, if you start with $100,000 in debt and Debt Solutions Network can save you $20,000, the fee you’re charged will be a percent of $20,000, not your starting debt.
You’ll still need to make payments toward your debt. Debt Solutions Network consolidates all your accounts into a single monthly payment — although it isn’t clear if this is a savings account in your name like other debt relief companies. So while it may be less than you’re currently paying, be prepared to continue budgeting for your debt while you’re using Debt Solutions Network.
Debt Solutions Network claims it saves its customers an average of 50% — although it advertises that it could save you as much as 70%. The amount you save depends on the total amount you owe, the type of debt you have and your creditor’s willingness to negotiate.
Debt Solutions Network has been in business for 20 years. But beyond that, there isn’t much information available. There are no recent news articles about it, and the website doesn’t contain any details.
| BBB accredited | No |
|---|---|
| BBB rating | Not rated |
| Customer reviews verified as of | 12 October 2020 |
Debt Solutions Network does not have a Trustpilot page, and its BBB page doesn’t have any reviews or complaints. This makes it difficult to know how customers feel about using its debt relief service. Before you move forward with the process, use your best judgment to determine if you’re comfortable working with the staff at Debt Solutions Network.
Before signing up, confirm that the URL in your browser includes a final S in solutions. Otherwise, you may be on an unrelated site that could be a scam. Check to confirm the website you’re on includes information about the product, a detailed about page and ways to contact the company.
To help avoid confusion, visiting Debt Solutions Network through our site will take you to the legitimate page.
Unfortunately, Debt Solutions Network doesn’t have the best website security practices. While it doesn’t collect any personal details beyond your contact information, there’s no privacy policy or terms of service linked on its website.
Its pages aren’t encrypted, either, and you won’t find a business address on its page. Debt Solutions Network isn’t accredited with American Fair Credit Council (AFCC) or International Association of Professional Debt Arbitrators (IAPDA), two prominent organizations that regulate how debt relief companies conduct business.
You can reach out to Debt Solutions Network by phone or by filling out its contact form with these two steps:
Debt Solutions Network will be in touch to discuss the process and set up a free consultation to determine if its debt relief program is right for you.
Debt Solutions Network will help you find a monthly payment that suits your budget. Then it will begin contacting your creditors and negotiate your debt. The program can take up to three years, but Debt Solutions Network will keep you updated and guide you to ways you can rebuild your credit score when all your debt is settled.
Debt relief is a complex process that can take years. Be sure to compare more debt relief providers before you sign up.
Before you sign up with a debt relief company
Debt relief companies typically charge a percentage of a customer’s debt or a monthly program fee for their services. And not all companies are transparent about these costs or drawbacks that can negatively affect your credit score. Depending on the company you work with, you might pay other fees for third-party settlement services or setting up new accounts, which can leave you in a worse situation than when you signed up.
Consider alternatives before signing up with a debt relief company:
Review by
Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.
Debt Solutions Network states that it can lower your debt by 40% to 70%. But its website isn’t secure, it has no business address listed and it doesn’t have any information about its fees. To better understand your options — including the full debt relief process — you’ll need to reach out by phone or email.
This makes it hard to say that Debt Solutions Network is an ideal choice for anyone. Like many debt relief companies, it may be helpful if you’re struggling with unsecured debt and need help contacting creditors. You should compare your debt relief options before getting started so you can make an informed decision about your debt.
