Providing Credit Counseling and Debt Management Programs since 2001
At DebtWave Credit Counseling, Inc., our team of certified credit counselors focuses on helping you get out of credit card debt. We strive to teach you how to properly manage your finances. With the hopes of reducing the likelihood you fall into debt again.
Located in San Diego, our customer-service oriented team has helped consumers pay back more than $300 million in credit card debt through our Debt Management Program.
How can we help you today?
How Credit Counseling Works
Start Attacking Your Debt!
Undoubtedly, the best program to pay off your debt. Especially Credit Card Debt.
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Credit Counseling & Debt Management Services
Our mission is to help our clients eliminate credit card debt and also adopt healthy financial behaviors. Ultimately achieving financial freedom.
- To do this we offer free Credit Counseling Sessions. Clients receive a complete budget analysis. Additionally, we provide practical solutions to paying off debt.
- Debt Management Program. Take advantage of lower interest rates and lower monthly payments. Consequently, becoming debt free in three to five years.
Credit Card Payoff & Other Finance Calculators
Use our free financial calculators to enhance your financial health.
- Credit Card Payoff Calculator. Input your current credit card payment amount. As a result, find out your pay off date.
- Debt to Income Ratio Calculator. Find out your DTI. Also understand what most lenders use for their guidelines.
- Net Worth Calculator. Find out the most important number in determining your financial health. And ways to increase your net worth.
Financial Education, Counseling & Events
We offer a variety of free resources to help you improve your financial literacy. Not only can you improve your financial education, but also become debt free.
- Credit Coaching. Meet with our Credit Score Coach for personalized tips to improve your credit score.
- Free Financial Education Workbook. Learn best-practice personal finance habits with our FREE financial literacy workbook.
- Because Financial Education can lead to wealth.
What DebtWave customers have to say!
Trustindex verifies that the original source of the review is Google. After extensive research I found Debtwave I made the call and talked with someone to get information, and wasn’t pressured at all. I had a good feeling about this place and decided to enroll with them…seriously the best decision I ever made!! Holly is absolutely the most kind caring and helpful person I could ask for. She genuinely cares about people and has your best interest at heart. It’s always a pleasure when I talk with her. Thank you holly and thank you Debtwave for everything you’ve done for me. It’s awesome seeing my debt go down and with little interest.Posted onTrustindex verifies that the original source of the review is Google. I love Debtwave! They were so kind and caring about my situation. I recommend them highly!Posted onTrustindex verifies that the original source of the review is Google. Holly has been amazing in helping me with everything to turn my life around. She is amazing.Posted onTrustindex verifies that the original source of the review is Google. Amazing company that performs magic! I had an extreme amount of credit card debt with high interest rates. There was no way in my lifetime, that I could get a handle on the situation. I called Debtwave on the advice of a friend that used them previously, and set up my account with Crystal. Debtwave was able to communicate with the credit card companies, who lowered my interest rates on Debtwave’s plan. I will finally see an end to this debt nightmare, and believe me, I sleep so much better! The payment plan is flexible and easy to set up. No worries at all. Great communication from Debtwave as well. They are always there to answer any questions and to be a liaison with the creditors. Debtwave will change your life!Posted onTrustindex verifies that the original source of the review is Google. I am very grateful for the assistance I received through this program to help pay off my debt. The customer service is excellent, and I highly recommend reaching out to them to see if their options are right for you. They will guide you through the steps and provide you with all the necessary details.Posted onTrustindex verifies that the original source of the review is Google. For those who might feel hesitant, look no further to consolidate your "overwhelming" debt and have your interest rates significantly lowered with DebtWave. I promise you, you will not be disappointed, so what are you waiting for? Make the call today and get your finances back in order. Fyi, I am very serious... you will be glad you did, just as I am 😊😃Posted onTrustindex verifies that the original source of the review is Google. Debtwave Credit Counseling is an awesome tool to use if you are in need of reducing your credit and helping you become debt free. They offer a range of service, but the Debt Managment Plan is truly a life saver and has help our family reduce high-interest rate cards to as low as 3%. I was referred to them from a financial advisor and they have been great. Easy to work with and started saving over $1000 per month in the first month. If you're in need this service is amazing, and the people have all been very responsive and helpful.Posted onTrustindex verifies that the original source of the review is Google. Very helpful! They worked hard to negotiate with lenders to save money in interest and get accounts currentPosted onTrustindex verifies that the original source of the review is Google. These people are truly outstanding. I’ve worked closely with Holly Love-Meyers who has always gone out of her way to listen, understand my situation, and do her best to negotiate on my behalf. These people run a legit operation and deserve praise for what they do. With DebtWave I have managed to wipe out some $1500 of excess interest payments which now go to paying off debt, and my credit score has actually improved by 50 points since starting a DMP with them. The only recommendation I have for improvement is to provide more realistic comparisons of payment amounts with and without the DMP. It seems a bit exaggerated with a 99 year payback period. Other than this minor detail, zero complaints!Posted onTrustindex verifies that the original source of the review is Google. If you're struggling with debt this is the place to go to for help. They did a complete review of my finances and designed a plan for paying off credit cards with sky-high interest rates. I'm saving a huge amount of money with the plan. The people I worked with held my hand through the entire process, clarifying and reassuring me whenever I was overwhelmed. Highly recommend.Verified by TrustindexTrustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more
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Understand the difference between Debt Forgiveness and Debt Management
Understand the difference between Debt Forgiveness and Credit Counseling
If you are current with your accounts and wish to remain current, avoid debt settlement. Credit Counseling or a Debt Management Program (DMP) might be a better option for you. You will pay back 100% of what you owe with a DMP. The main benefits of a DMP are lower month payments and lower interest rates.
Debt forgiveness is when a credit card company cancels a portion of your debt and you no longer owe that debt amount. It may sound appealing but like a rose, there are several thorns in the process.
First, in order for a creditor to consider offering credit card debt forgiveness, you need to be severely delinquent. Typically, creditors offer a settlement to customers that haven’t made a payment in 6 months or more. Once the creditor feels like you are never going to pay this back or file bankruptcy, that’s when they will consider forgiveness.
Second, there will be tax implications with debt forgiveness. Let’s say you owe $10,000 in credit card debt. And your creditor is willing to forgive $6,000. You now owe taxes as if you earned $6,000. According to the IRS, you must report the canceled debt on your tax return for the year in which the forgiveness occurred.
Third, you need to have the money saved up to pay the settlement in full. Using the same example above, you would need to pay the entire $4,000 in one payment for the forgiveness to get approved. Most people struggling with credit card debt typically don’t have that much cash available.
And finally, falling far behind on your accounts can lead to creditors suing you and possibly garnishing your wages. Not to mention the damage done to your credit score.