TurboDebt vs Ascend: Which Is Better?

If your debt has become unmanageable and it’s difficult to keep up with monthly payments, you may want to consider debt relief. The right debt relief strategy can reduce the amount of debt you owe, make your payments more affordable, or streamline your payments so your debts are easier to pay off.

In this TurboDebt vs. Ascend comparison guide, we’ll look into how these debt relief companies work, the type of services they offer, how they work, and which one is the better choice for your financial needs.

What Is TurboDebt?

TurboDebt is a Florida-based debt relief company that specializes in debt settlement. If you have unsecured debts, such as credit card debt, personal loans, payday loans, and medical debt, you can enroll your accounts in the program.

TurboDebt can negotiate with your creditors to reduce the debt amount you owe. You’ll save money to make one-time lump sum payments to your lenders to become debt-free in 24 to 48 months.

If you’re behind on your monthly payments, have late fees, and have bad credit, this debt relief program is an effective way to pay off your debts and start fresh.

Who Is TurboDebt Best For?

TurboDebt is best for those who want to save the maximum amount of money on their settlement. With clients saving an average of 54.19% before fees, its program can make it easier for you to pay off your debts faster and save a considerable amount of money.

TurboDebt is also a good option for those with a larger debt load. If you have $10,000 or more in unsecured debts and are dedicated to the program, you can pay off all your accounts within 48 months.

What Is Ascend Finance?

Ascend Finance is not a debt relief company but an online resource for information and comparison of debt relief options. You can fill out a questionnaire on the company’s website to get information about debt relief programs that you can use, how they work, pros and cons, and costs.

Ascend Finance also offers free consultation with a debt specialist to discuss your options. It doesn’t offer debt relief programs but can refer you to companies in its network that provide this service.

Whether you’re facing a debt collection lawsuit from a collection agency, looking for debt consolidation programs, or want to explore ways to pay off student loan debt, Ascend Finance can help you find solutions.

Pros and Cons of TurboDebt

If you’re interested in debt settlement and are considering TurboDebt, consider these pros and cons to make an informed decision.

Pros 

• Free consultations
• No upfront fees
• Helps you save a considerable amount of money
• Large number of positive reviews on Trustpilot and the Better Business Bureau
• Services available in almost all states and territories

Cons

• You’ll pay 15% to 25% of your debt as a settlement fee
• Secured debts aren’t eligible for the program
• Not all lenders are willing to negotiate

Pros and Cons of Ascend Finance

While Ascend Finance is a good resource for online tools and information, it doesn’t offer in-house services. Here are some of the pros and cons you should consider.

Pros

• Free online resources and tools
• Free consultations
• Free access to an online portal for credit report review, spending tracker, and other helpful resources
• Can offer referrals to other debt relief providers

Cons

• No email address or online chat
• Doesn’t have any debt relief services of its own

TurboDebt vs. Ascend Finance: Key Differences

When comparing TurboDebt vs. Ascend Finance, consider these key differences between the two companies.

Services

TurboDebt offers debt settlement services. If you have unsecured debts, TurboDebt can negotiate with your creditors to bring down the amount of debt you have to make it easier for you to pay off.

Ascend Finance offers financial resources like comparison of debt relief options, a debt payoff calculator, credit score rebuilding tool, fresh start portal, bankruptcy calculator, and more.  

It also offers free consultations and referrals for:

• Debt settlement
• Debt management
• Debt consolidation loans  
• Credit counseling
• Tax debt resolution
• Bankruptcy attorneys (for Chapter 13 bankruptcy and Chapter 7 bankruptcy)

Fees and Costs

If you settle your debts through TurboDebt, you’ll pay a debt settlement fee of 15% to 25% before fees, which is what most debt settlement companies charge.

You can use Ascend Finance’s tools, calculators, and consultation services for free. You won’t pay a fee to the company, but it may earn a fee from the debt relief company it refers you to. You’ll also pay the applicable fee to the debt relief company directly when you enroll in a program.

Eligibility Requirements

If you want to enroll in a debt settlement program with TurboDebt, you’ll need to have at least $10,000 or more in unsecured debts.

Ascend Finance doesn’t offer any debt solutions, but the companies it refers you to may have their own eligibility requirements that you’ll need to meet.

Customer Reviews

TurboDebt has a good track record of helping clients with unsecured debts, as can be seen from its customer reviews. It has an A+ Better Business Bureau (BBB) rating and 4.93/5 stars from 1,292 reviews (as of August 2024). It also has 4.9/5 stars on Trustpilot from 11,188 reviews.

Ascend Finance is not listed on the Better Business Bureau website. However, it has 4.5/5 stars from 16 reviews on Trustpilot as of August 2024. When comparing the two companies, TurboDebt has a larger number of debt relief reviews and a higher average rating.

TurboDebt vs. Ascend Finance: Which One Should You Choose?

TurboDebt and Ascend Finance are two companies with very different offerings. If you’re looking for personal finance guidance, education, resources, and tools that will help you take charge of your debt and manage it on your own, Ascend Finance is a good choice.

However, TurboDebt is a better choice if you need professional help and a guided program to get out of debt. When choosing between the two companies, consider your financial situation, your total debt, whether you’re confident in dealing with debt collectors and creditors on your own, and if you think you’ll benefit from professional help.