Greenwise Debt Relief review

A faster debt settlement option for people with low balances.

  • Best for debt under $7,500.
  • Pick something else for more savings.
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Greenwise Debt Relief details

Free quote or consultationYes
ServicesDebt relief
Minimum debt$5,000
Typical turnaround12 to 48 months
Direct or third-party negotiationsDirect
Types of debt Unsecured debt, excluding tax debt and student loans
AccreditationsTrade organizations: AFCC
BBB: Not accredited
RatingsBBB: A rating, 5 out of 5 stars based on 48 customer reviews
Trustpilot: None
as of 10/7/20
Free resources or toolsNone
Customer servicePhone: 800-674-9498
Mail: 1200 N Federal Highway, Suite 200, Boca Raton FL 33432
Facebook: @greenwisefinancial
Instagram: @greenwisedebtrelief

How does Greenwise Debt Relief work?

Greenwise Debt Relief works by negotiating down your debt with your creditors, in exchange for payment in full. You must have at least $5,000 in unsecured debt to enroll. And it doesn't accept tax debt or student loans.

Typically it takes borrowers between 24 and 48 months to complete this program. Some can complete it in as little as 12 months.

How much does it cost?

Fees range from 18% to 25% of enrolled debt — standard for a debt relief company, though it ends on the high end of the pricing spectrum. Like with other legitimate debt relief companies, Greenwise only charges fees as it settles your accounts.

But because your debt will continue to gain interest over the length of the program, you might end up paying more than expected. If you enroll $5,000 but end up with $7,500 in debt after two years, your fees would range from $1,350 to $1,875.

How much could I save with Greenwise Debt Relief?

Customers typically save between 25% and 32% of all enrolled debt, after fees. Like with fees, this is based on the amount of debt you have at the time of settlement, not when you sign up. If you enroll $5,000 in debt that grows to $7,500 over two years, your savings could range from $1,875 to $2,400.

Is Greenwise Debt Relief legit?

Greenwise Debt Relief is legit in that it's a member of the American Fair Credit Council (AFCC), an organization that sets standards for debt relief companies. It also doesn't show up on the Federal Trade Commission's list of companies and people banned from debt relief.

But there are a few red flags.

One customer claims to have received a spam email from the company, appearing to offer debt consolidation loans. When they clicked the link, it led to a debt settlement page. Many others also complain about receiving spam emails — and struggling to get off mailing lists.

What are the pros and cons of Greenwise Debt Relief?

Greenwise Debt Relief has some strengths and weaknesses to consider when comparing it to other debt settlement companies.


  • Qualify with debt as low as $5,000
  • Option for 12-month program
  • Fees start at a low 18% of enrolled debt
  • Savings can be as high as 32% of enrolled debt


  • Fees go as high as 25% of enrolled debt
  • Multiple complaints of emails
  • Savings might be a low 25% of enrolled debt
  • Not available in all states

Greenwise Debt Relief isn't nationwide. But we weren't able to verify which states it served.

Compare more debt relief options

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Name Product Costs Requirements
Freedom Debt Relief
Monthly payment based on enrolled debt, no upfront fees
Must have at least $7,500 in unsecured debt, have a hardship is preventing the ability to pay creditors, and live in a serviced state.
Freedom Debt Relief works to help people with unmanageable, unsecured debt get back on their feet.
Accredited Debt Relief
Charges and fees vary by the company you're ultimately connected with
Must be at least 18 years old and a legal US resident; additional terms may apply based on services and products used.
This A+ BBB-rated service offers free consultations to lower your monthly payments help you get out of debt faster.
National Debt Relief
15–25% of total enrolled debt
Must have a legitimate financial hardship which is preventing the ability to pay creditors and a minimum of $7,500 in debt.
Get back on your feet with a top-rated company that works with multiple types of debt.

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Greenwise Debt Relief company reviews and complaints

Greenwise Debt Relief only has a handful of online reviews and complaints. The majority of customers state they're happy with the quality of customer service. Most complaints filed with the Better Business Bureau (BBB) are hidden, but several that are there are complaints about spam emails and phone calls.

When I called customer service, the representative I spoke with was helpful to a point. But they also denied a request for a list of the states it services.

What is Greenwise Debt Relief?

Greenwise Debt Relief is a debt settlement company. According to the BBB, it was founded in Boca Raton, Florida in 2017.

The CEO and owner, David Green, was previously Director of Operations at Nationwide Debt Resolution Firm for eight years, according to LinkedIn. Nationwide Debt Resolution Services has no online presence or other employees listed on LinkedIn. But also hasn't landed on the FTC's list of banned debt relief companies.

However, the CEO's name is almost the same as another Floridian, Dave Green, who the FTC has banned from working in the industry in 2017 after running a student loan debt relief scam called Strategic Student Solutions. I was not able to confirm that these two Dave Greens are the same person. If they are, Greenwise Debt Relief would not be following the law. But so far, this company does not appear to have run into any trouble with regulators.

How do I get started?

You can get started by calling customer service or filling out a short online form. Here's how to start online:

  1. Go to the Greenwise Debt Relief website and hit Start now.
  2. Select the amount of debt you'd like to enroll and hit Continue.
  3. Select your state and hit Continue.
  4. Enter your name and contact information. Then hit Click to see your results.

After you submit your form, a debt advisor will contact you to give a free evaluation of your situation.

I've signed up. What's next?

Greenwise doesn't disclose much about the debt relief process. But typically enrolling in debt settlement involves setting up a savings account that you contribute to on a monthly basis. As the company settles your account, it withdraws from this account to pay off your creditors, plus the fee.

If you can't afford to pay into your account, you won't be able to complete the program. This is a reason many people drop out of debt relief — and end up in a worse financial situation than they were in before.

Compare Greenwise Debt Relief to other providers and learn how it stacks up before signing up.

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Greenwise Debt Relief can be a good option if you want to get out of a low amount of debt quickly. Where many other companies require at least $7,500 in unsecured debt, Greenwise will work with as little as $5,000. And it can settle your debt in just 12 months.

But fees can run as high as 25%. And you might only save about 25% of your enrolled debt after said fees — other companies can often offer a little more in the way of savings.

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