Which is Better: TurboDebt vs. American Debt Relief?

When used correctly, debt can be a good tool that allows you to meet unexpected expenses. However, when it becomes unmanageable, it can make you stressed. Fortunately, debt relief companies like TurboDebt and American Debt Relief can help you pay off your debt faster.

If you’re looking for a debt resolution program, it's important to compare your options and choose a reliable company to work with. In this guide, we’ll compare Turbodebt vs. American Debt Relief to see which one is the better choice.

What Is TurboDebt?

TurboDebt is a debt relief company based in Florida that helps borrowers pay off their debts and regain control of their finances. If you have unsecured debts, such as medical bills, personal loans, or credit card debts, TurboDebt can help you pay them off. Debt settlement may also be helpful if you have defaulted on these kinds of accounts and are dealing with debt collections.

You’ll start with a free consultation with a qualified debt counselor to get started. TurboDebt will then find the best debt relief program that suits your needs so you can become debt-free in as little as 24 to 48 months. If you complete the program successfully, you can save 46% of your debt, before fees, on average.

What Is TurboDebt Best For?

TurboDebt’s programs are best for those who have at least $10,000 in unsecured debts. It’s also a good option for those who want to save money. In 2023, TurboDebt’s programs helped clients save an average of 54.19% before fees.

TurboDebt is also a good option due to its ease of availability since it serves almost every state, as well as the territories of Guam, the U.S. Virgin Islands, and Puerto Rico.

What Is American Debt Relief?

American Debt Relief is a Texas-based debt relief company that has been helping clients settle their debts for less than they owe. You’ll start with a free consultation, during which a team member will assess your debts.

Once you enroll in the debt settlement program they offer, the company will negotiate with your lenders to reduce the debt you owe. Once your creditors accept the offer that has been negotiated for you, you can save up for and make a one-time lump sum payment to settle your debts in full. American Debt Relief claims that clients who complete the program are usually able to save up approximately 55% before fees.  

What Is American Debt Relief Best For?

American Debt Relief is best for borrowers who prefer having a client dashboard to keep track of their payments and monitor their progress. It’s also a good option for borrowers who are determined to stay with the program until completion to fully benefit from the potential savings.

Pros and Cons of TurboDebt

TurboDebt is one of the most popular debt settlement companies in the country. However, it’s important to weigh the pros and cons to decide if it’s the right option for you.

Pros

• Free consultation
• Helps pay off debts in 24 to 48 months
• Clients save an average of 54.19% before fees
• Available in almost all states and U.S. territories
• A+ rating with the Better Business Bureau (BBB)
• Nearly 12,000 reviews on Trustpilot with high ratings
• You’ll stop receiving debt collector calls once you settle debts

Cons

• Can’t help with tax debt or any type of secured debt
• You’ll pay 15% to 25% of the debt you enroll in the program in terms of fees
• Settlement can lower your credit score

Pros and Cons of American Debt Relief

Like TurboDebt, American Debt Relief also has good reviews. However, working with the company also comes with a few drawbacks.

Pros

• Free consultation
• Easy to use client dashboard to monitor progress
• No upfront fees
• Good customer reviews and ratings

Cons 

• The website doesn’t provide information about minimum debt requirements
• Not BBB accredited
• You’ll pay up to 25% of the debt you enroll in their program in terms of fees.

TurboDebt vs. American Debt Relief: Key Differences

We’ve compared TurboDebt vs American Debt Relief based on their services, fees, and program eligibility requirements.

Services

TurboDebt and American Debt Relief both offer debt settlement services. They don’t offer other forms of debt relief, such as debt consolidation loans, nonprofit credit counseling, or debt management plans.

If you have a lot of unsecured debt, are already behind on monthly payments, and have accumulated late fees, debt settlement may be a good option for you. If you still have good credit, consider other debt-relief options.

Fees and Costs

TurboDebt charges 15% to 25% as a debt settlement fee, which is in line with the average settlement fee in the industry. While American Debt Relief doesn’t clearly state how much it charges, you can expect to pay approximately 25% based on the savings estimates it provides on its website.

Remember that the fee for their services is based on enrolled debts for both companies and can vary based on a number of factors, such as the amount of debt you owe and your state of residence.

Eligibility Requirements

You’ll need at least $10,000 in unsecured debts to qualify for TurboDebt’s settlement program. American Debt Relief doesn’t list any eligibility requirements on its website. However, most debt relief companies have a minimum debt requirement that you’ll need to meet to qualify.

Customer Reviews

TurboDebt has an A+ rating on the Better Business Bureau’s (the BBB’s) website. It also has 4.93/5 stars from 1,292 customer reviews as of August, 2024.

On Trustpilot, TurboDebt has 4.9/5 stars from 11,188 customer reviews. The company is also very responsive and prompt in answering questions and resolving customer complaints.

American Debt Relief has an A+ rating on BBB and 2.24/5 stars from 17 reviews as of August 2024. We noticed that the rating on BBB was low due to the high fees the company charges, issues with program cancellation, and too many unsolicited calls. Here’s one example:

“It's a scam - they call multiple times a day from different fake numbers with the recording previously used by Bangladesh (?)-based scammer. I am on a do not call list but these criminals do not respect laws.”

American Debt Relief has better ratings on Trustpilot, with 4.9/5 stars from 5,699 reviews. When comparing customer reviews, TurboDebt has a better track record with higher customer ratings and a larger number of reviews overall.

TurboDebt vs. American Debt Relief: Which One Should You Choose?

TurboDebt and American Debt Relief both offer free consultations and debt settlement programs that can help you settle your debts for less than you owe. While both companies share a lot of similarities, there are also a few notable differences.

TurboDebt is more transparent when it comes to how the program works, the fees it charges, and the savings that clients can expect. It also offers more educational resources and tools on its website. The company also has a larger number of reviews on the BBB’s website and on Trustpilot, and it has higher ratings, in general, when compared to American Debt Relief.

American Debt Relief is not as transparent about its eligibility requirements or fees. While it has good reviews on Trustpilot, it has lower ratings than the BBB. We recommend taking advantage of the free consultations that both companies offer to learn more about their settlement process and ask questions to determine the best debt relief company for your financial situation.  

Keep in mind that both of these companies can only help you with some types of debts, such as IRS debt, credit card debt, medical debt, payday loans, personal loans, and other unsecured debts like these. If you’re struggling with repayment of student loan debt, auto loans, mortgages, or other secured debts, you may have to explore other debt solutions.