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Solvable tax debt relief review

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Get matched with a legit company that can help with your tax or credit card debt.

  • Best for comparing multiple tax and credit card debt relief companies to find the best fit for you.
  • Pick something else if you have less than $7,500 in debt — you likely won't benefit.

Varies by company

Minimum debt

Around six months

Typical turnaround

Flat fee of around $2,500 to $4,500

Fees

Solvable Debt Relief product details

ServicesDebt settlement, debt management, credit counseling
Minimum debtVaries by company
Typical turnaroundAround six months
FeesFlat fee of around $2,500 to $4,500
Types of debt Tax and credit card debt
AccreditationsNone
RatingsNone
Free resources or toolsPrice tool, debt relief company scam reports, debt checkup quiz, company reviews, offer-in-compromise tools including a script and calculator
Customer servicePhone, email, mail
Get your rate

Expert review

Anna Serio

Review by


Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 950 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

Solvable won’t negotiate down your debts, but it can help you find a legit company that offers services that are right for you. It offers a range of resources to help you decide which type of debt relief to pursue, find out what prices to expect and which companies to avoid.

While the partners in its network don’t have a minimum amount of debt they’re willing to work with, you likely won’t benefit if you have less than $7,500 in tax or credit card debt.

But make sure you’ve explored your options with the IRS before signing up for tax debt relief. And vet any company you’re connected with before you sign up to make sure multiple sources can confirm it’s legit.

Not sold on Solvable? Compare other debt relief providers below.

How much does it cost?

Typically, Solvable users pay a flat fee of around $2,500 to $4,500. How much it costs depends on several factors, including the company you get connected with, the amount of debt you have and where you live.

Solvable’s partners tend to charge fees in two phases: when you get started and when they start working with the IRS or your creditor.

  • Typical first retainer: $500
  • Typical second fee: $2,000 to $4,000

How much could I save with Solvable?

That depends on your specific situation and the company you work with. Solvable says some customers save as much as 80% if they qualify for an offer in compromise.

However, make sure you factor in other costs like long-term fees and taxes you might have to pay on your forgiven debt. Often people don’t save as much as they think.

Pros

  • Lots of online resources to hep you make an informed decision
  • Free consultation with all partners
  • Read customer reviews of multiple companies

Cons

  • No accreditations or online reviews
  • Only offers tax and credit card debt relief
  • Limited to debt relief companies in its network

Compare other debt relief providers

Data indicated here is updated regularly
Name Product Costs Requirements
National Debt Relief
18–25% 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 debt relief company that works with multiple types of debt.
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 is a debt settlement company that 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.
Pacific Debt
15%–25% of total debt enrolled. Fees vary by state of residence.
Reside in a state where PDI’s services are available and have $10,000+ of debt to enroll
Consolidated Credit
Fees regulated by client's state of residence, can range from$0 to $69 with an average monthly fee of $35. No upfront or contingency fees.
Debt must not be payday loans or secured loans.
This debt settlement alternative can help you find a path to financial freedom.
American Credit Card Solutions
No upfront costs — settlement fees range from 15% to 25%, depending on your state of residence and amount of debt.
Must live in a state that American Credit Card Solutions serves, $10,000+ in unsecured debt, legitimate financial hardship which is preventing the ability to pay creditors
Overall positive customer ratings — but it's only available in 25 states.
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Compare up to 4 providers

What is Solvable?

Solvable is a debt relief connection service that offers resources to individuals considering tax and credit card debt relief. Its main benefits are its resources. It offers a quiz that can help you decide on what type of debt relief to choose and which company might best meet your needs. You can also read about what customers have to say, get an estimate of your costs and check if a company has been banned from debt relief. While its partners don’t have a minimum amount of debt it’s willing to work with, you likely won’t benefit if you have less than $7,500 in debt.

It also has resources to help you qualify for an offer in compromise — the tax debt settlement program that the IRS offers. This includes a quiz to see if you might be eligible, a script to help you prepare for a call with the IRS and a worksheet outlining what you need to do to settle the debt yourself. If you can’t, you might want to enlist help from one of its tax debt relief partners.

What states is Solvable available in?

Solvable works with residents of all 50 states.

What do customers say about Solvable?

Solvable has no customer reviews as of December 2019. It doesn’t have a page on the Better Business Bureau or Trustpilot. It also doesn’t have reviews on sites like Reddit. This could be because Solvable is a connection service and not a debt relief company. But it also makes it difficult to tell what your experience might be.

Is it safe to use Solvable Debt Relief?

Generally, yes. It uses SSL encryption to protect any information you send through online forms and has a verified security certificate from the company GoDaddy.com. It also provides resources for users to make sure the company you’re connected with is legitimate and legally allowed to perform debt relief services. But you still might want to read reviews on other sites before you sign up to double-check the company’s legitimacy.

While it isn’t accredited by the main debt relief organizations, the International Association of Professional Debt Arbitrators (IAPDA) or the American Fair Credit Council (AFCC), it doesn’t necessarily have to be since it doesn’t directly provide debt relief services.

How do I get started?

You can get started online or over the phone by calling 844-765-8225. Follow these steps to find a debt relief company online:

  1. Click the Go to site button on this page.
  2. Select the type of debt relief you’re interested in: tax or credit card debt relief.
  3. Follow the directions to give specific details about yourself and your debt, clicking Next.
  4. Enter your contact information and read the terms and conditions before clicking Next.

I’ve signed up. What happens next?

After you’ve submitted the form, wait for Solvable to contact you with companies that might be able to help. If you’re interested in working with one of the companies you’re connected with, follow the directions to sign up.

3 tips to make debt relief a smart financial move

Before signing up for debt relief, keep these three pointers in mind to ensure it’s the right move for you:

  • Consider all of your options. Look at debt consolidation, credit counseling and working directly with the IRS or your creditor before you sign up for debt relief.
  • Triple-check the companies you’re matched with. Stay away from a debt relief scam by reading customer reviews on multiple sites and making sure they aren’t on the Federal Trade Commission’s most recent list of banned debt relief providers.
  • Don’t pay up front. Companies that charge a fee before providing any services could be a scam.

You can learn more about how it all works and red flags to look out for with our guide to debt relief.

Frequently asked questions

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