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Debt Payoff Guide is a free service that connects consumers with third-party debt-relief providers. We are not a lender, law firm, credit-counseling agency, or debt-settlement company, and we do not provide financial, legal, or tax advice. Information here is general and not a recommendation.

The short answer

Many are legitimate, but the industry also has bad actors. Legitimate companies disclose fees in writing and, under the FTC's rule, do not charge until a debt is settled. Red flags include upfront fees, pressure to cut off all contact with creditors, and promises of specific results. Check accreditation and your state attorney general before enrolling.

Related: Choosing a Company · what debt relief costs · debt payoff calculator.

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