At a Glance
Rating Breakdown
Performance Overview
Scores out of 5, based on our editorial analysis
<p>1Debt Free is a newer entrant in the debt settlement space. They follow the standard model: negotiate with creditors to accept a lump sum that's less than what you owe, and you pay them a percentage of your enrolled debt as a fee. No upfront fees — they only collect after a settlement is reached.</p><p>The company is small compared to Freedom Debt Relief or National Debt Relief. That can be a plus (more personal attention) or a minus (less negotiating power with large creditors). Their settlement averages are in the typical range for the industry.</p>
Key Features
Performance-Based Fees
You pay nothing until a debt is successfully settled. Fees range from 15-25% of your enrolled debt.
Free Consultation
Initial assessment of your debt situation with no obligation.
Dedicated Account Manager
One point of contact throughout your program.
How It Works
Free Consultation
Call or submit online form to discuss your debt.
Enrollment
Enroll qualifying debts into the program.
Save Monthly
Make deposits into a dedicated savings account.
Settlement
1Debt Free negotiates with creditors as your savings grow.
What They Do
- Debt Settlement
- Creditor Negotiation
- Debt Consultation
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Credit Card Debt Settlement
Pros & Cons
Pros
- No upfront fees — you only pay after a settlement happens
- Smaller company means potentially more personal service
- BBB A+ rating
Cons
- Newer company with a limited public track record
- Smaller operation may have less creditor negotiating power
- Limited online reviews make it hard to gauge real-world results
User Reviews (6)
Not bad. My account manager is responsive. Settled 2 of 5 accounts so far. The fees are typical for the industry. Would have given 5 stars but the online portal is basic.
Slow
Taking forever. I enrolled 6 months ago and nothing has settled yet. They keep saying they're negotiating but I'm making these monthly deposits and not seeing results. Starting to wonder if I should have gone with one of the bigger companies instead. UPDATE: they finally settled one but it took 7 months for the first one.
Mixed feelings
They settled two of my debts but the third one the creditor sued me before they could get to it. I know that's a risk with any settlement company but it was still stressful. The settlement amounts were reasonable though.
Doing ok so far
Been in the program about 8 months. They settled one of my cards already which was nice. Still waiting on the other three. Customer service has been fine.
Good experience
Good.
Helped me out. Grateful.
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