Solvable tax debt relief review

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.

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Name	Product	Costs	Requirements
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 debt relief company that works with multiple types of debt.	Go to site View details	Compare	loading Fetching your data...
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.	Go to site View details	Compare	loading Fetching your data...
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.	Go to site View details	Compare	loading Fetching your data...

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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 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

• Can I settle my tax debt myself?

  You can. The IRS allows you to settle your tax debt through something called an offer in compromise (OIC) — if you qualify. You must demonstrate that you can’t afford any other options, such as signing up for an installment agreement. You can use the resources on Solvable’s website to find out if you might qualify for an OIC on your own and what you need for a successful application. Its tax debt relief specialists are professionals that can help you qualify for an OIC.

• Does Solvable offer student loan debt relief?

  No, it only works with companies that offer credit card and tax debt relief.

• Does it cost anything to use Solvable's services?

  No, Solvable’s services are free to use — and its partners all offer free consultations. You generally shouldn’t have to pay until after the debt relief company starts providing a service.