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Find the Best Debt Consolidation in Sauk County, WI

Comparing debt settlement or debt consolidation companies can be overwhelming when you’re searching for debt relief services in Wisconsin. WiscNews has partnered with ConsumerAffairs to create this guide by comparing services, availability and consumer reviews of more than 15 businesses and choosing nine favorites from the top debt relief companies in Sauk County.

Companies pay ConsumerAffairs to be accredited, and WiscNews and/or ConsumerAffairs may receive compensation when you click a link, call a number or fill out a form on this site.

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Compare Sauk County Debt Relief Companies

Debt settlement vs. debt consolidation in Sauk County

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Some towns in Sauk County, like Baraboo, have higher unemployment rates and lower median incomes than the Wisconsin average. That means residents of these towns are more likely to fall behind on bills or deal with unemployment, often winding up in considerable debt. Debt relief services help people manage or reduce their debt, depending on the exact services they pursue.

  • Debt settlement companies negotiate with your creditors so you can pay off your debt for less than you owe. While the company negotiates, you stop making payments on your unsecured debt and instead put money into an account created for debt settlement purposes. The company uses these funds to offer lump-sum payments to your creditors.
  • Debt consolidation companies combine all of your debts into one account or loan. Beyond simplifying your bills, debt consolidation can also lower your payments by applying a lower interest rate to the debt.

Consumers who have good credit and unsecured debt, such as medical bills, credit card bills or private student loans, should consider a debt consolidation loan. Possible advantages to this method include a lower interest rate than your current accounts and a longer repayment term.

Those in Sauk County who are behind on payments and have lower credit scores might opt for debt settlement, which reduces your overall amount of debt but can hurt your credit score. If you’re interested in debt settlement, look for a company with a hassle-free cancellation policy and online account monitoring.

What to consider when choosing debt relief in Sauk County

There are many factors to consider before picking a debt consolidation or debt settlement company, including:

  • The minimum amount of debt required: Debt settlement companies typically work with customers who have $10,000 or more in unsecured debt.
  • How the company provides services: Sauk County customers who would like to sit down with a representative should look for companies offering in-person services. Most debt relief companies only offer online services in Sauk County, but you can call for a risk-free consultation on your case before signing up.
  • Credit score requirements: Debt consolidation typically requires good credit to qualify for a loan. Better credit scores typically result in loans with lower interest rates, which saves you more money over time. Debt settlement might be the more viable option for Sauk County residents seeking debt relief with less-than-ideal credit.

Debt relief costs in Sauk County

The cost of debt relief in Sauk County depends on what type of service you choose and the amount of debt you have. Debt consolidation companies charge interest on your loan that averages between 5% to 20% annually. Debt settlement companies typically charge a percentage of the total debt they settle for you, typically between 15% to 25%, though some charge a percentage of the amount they save you through negotiation.

Debt relief in Sauk County FAQ

Do debt relief companies hurt your credit score?

Applying for a debt consolidation loan might have a slight effect on your credit score. Debt settlement usually has a significant negative effect on your credit. The debt settlement process involves withholding payments to motivate your creditors to settle, which typically results in delinquent payments being noted on your credit history.

Can I get a loan after debt settlement?

It typically takes somewhere from a few months to two years for your credit score to recover after a successful debt settlement. This can make it difficult to get a loan, but it depends on the loan amount and the lender’s requirements.

Is debt consolidation risky?

Debt consolidation doesn’t come with a significant risk, but you must make sure that you can pay off the debt consolidation loan. You should also do the math to see how much your loan is going to cost you once you add interest and fees. Debt consolidation loans with longer terms have lower monthly payments, but you can end up paying more in the long run.

Is debt relief a good idea?

It depends on your individual situation. Having a company working on your behalf to manage your debts is helpful. Debt consolidation loans can streamline your finances and help you get back on track. If you can’t qualify for a loan and are struggling to keep up with payments, debt settlement can help you avoid bankruptcy. However, both options come with risk. Debt consolidation can cost you more long term, and creditors don’t always settle.

Sauk County debt consolidation company information

National Debt Relief

National Debt Relief offers online debt relief services to help Sauk County residents take control of their debt. With National Debt Relief, you get a free savings estimate with no upfront cost or obligations. In addition to debt settlement services, National Debt Relief helps consumers rebuild their credit through its online worksheets and budgeting program.

National Debt Relief Learn More

Freedom Debt Relief

Freedom Debt Relief helps manage existing debts and trains customers to handle their finances better in the future. As a debt settlement provider, Freedom Debt Relief negotiates to lower your debt and helps you save money for a lump-sum settlement by storing your payments in an FDIC-insured account.

Freedom Debt Relief Learn More (855) 381-0979

Accredited Debt Relief

Accredited Debt Relief offers Sauk County residents a variety of debt-related services, including financial counseling, debt settlement and debt consolidation. This company has certified debt counselors on staff who work to create a debt management plan that fits your needs.

Accredited Debt Relief Learn More

CreditAssociates

Reviewers commonly say that CreditAssociates is upfront and honest during every step of the debt settlement process. Its website states that most customers finish its program within two to three years. Online reviews also report general satisfaction with the company's fees and procedures.

CreditAssociates Learn More

CountryWide Debt Relief

CountryWide Debt Relief has been helping Sauk County residents reduce and eliminate their debt for years. This company offers online tools to help individuals manage their debt, and program lengths range from 12 to 48 months, depending on how much debt you have. Online reviews report general satisfaction with the cost of its debt relief program.

CountryWide Debt Relief

Pacific Debt

Pacific Debt assigns each customer a personal account manager who walks them through the negotiation process and gives updates during every phase. Online reviews report a high satisfaction rate with the cost and quality of services.

Pacific Debt Learn More

Golden Financial Services

Golden Financial Services is a national debt relief company that has saved its 5,000-plus clients a total of more than $80 million. This company helps Wisconsin residents with unsecured debt through debt settlement and debt consolidation loans. Start by calling to get free advice and a quote from a Golden Financial Services debt counselor.

Golden Financial Services

Oak View Law Group

Oak View Law Group’s services include debt consolidation loans, debt management plans and debt settlement. It offers a full refund if it doesn’t provide results. Wisconsin residents can contact OVLG by phone or online for no-obligation debt counseling seven days a week.

Oak View Law Group

CareOne Debt Relief Services

CareOne Debt Relief Services has helped more than 5 million people manage their debt. It offers debt management, debt settlement and debt consolidation services, and it has relationships with more than 207,000 creditors. All services include a six-month, 100% satisfaction guarantee, and Wisconsinites can call for a free debt analysis.

CareOne Debt Relief Services