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. I wanted to buy a home and didn't see getting from under all the debt I created, alot from previous marriage and some of my own. I've used them once before this last time, so after Covid I got in some more debt and didn't see how I could buy my home with the interest rate steadily increase on my CREDIT CARDS. So, I called Debt management again, they are breath of fresh air, 3 1/2 years later I've paid off more $29k in debt and I purchased my dream home.Posted onTrustindex verifies that the original source of the review is Google. Very professional and transparent with timely communications. The entire process was speedy and easy to monitor.Posted onTrustindex verifies that the original source of the review is Google. My debt situation was making me consider selling my house to pay it all off. Somehow found these guys (I can’t even remember), and they helped negotiate some of my debts so that I’m actually making progress on principal payments instead of just servicing interest. Two credit cards closed and reduced to 0% APR was the biggest win. Not all lenders are that willing to negotiate, so I wouldn’t promise the same for everyone but they got through on enough of mine that I can stay in my house and live frugally and be out of debt in only a couple years. It’s worth giving them a call to figure out what options you’ve got. No matter your circumstance.Posted onTrustindex verifies that the original source of the review is Google. I feel this is the best option to make sure your debt is paid. Lessening the interest rates is allowing me to feel less stressed and paying my debt. Everyone at DebtWave is so helpful and easy to work with.Posted onTrustindex verifies that the original source of the review is Google. I was drowning in debt with an enormous loan that had an enormous interest rate. It was almost obscene the amount the creditor was charging. I had no idea how I was going to continue to make the payments and have anything left for other bills. That is where DebtWave came to the rescue. The negotiated with the creditor, got them lower the interest rate by over half and the monthly payment was finally affordable. The team at DebtWave made everything so easy to get started and is always on top of things if you have any issues or questions that arise. They are kind, polite, knowledgeable and always wanting to help! Love working with them!!! So glad I made that call for help!Posted onTrustindex verifies that the original source of the review is Google. Great debt consolidation company, they work with you to fit your needs. The personnel are friendly and professional. I recommend them to anyone!Posted onTrustindex 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.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.