Overview

DebtWave Credit Counseling is based in San Diego, California, and has been in business since 2001. It provides comprehensive credit counseling services, including debt management programs, financial education programs, and debt consolidation. The company has provided help to over 23,500 customers. As of 2014, Debtwave had $612 million in total assets and generated a total revenue of $3.3 million. The company is registered as a 501(c)3 nonprofit organization and is an accredited BBB company with an A+ rating.

DebtWave also provides several outreach programs, such as the San Diego Financial Literary Center (SDFLC), that are designed to help youth, military, and low-to-moderate income families improve their financial literacy.

What Credit Counseling Services Does DebtWave Offer?

DebtWave provides all new customers a free financial check-up, which includes a soft credit report check and analysis. As well as providing financial training and credit counseling, DebtWave also offers debt consolidation and negotiation with creditors. 

How Much Do DebtWave's Services Cost?

Prices vary by state, depending on local regulations. 

DebtWave charges a $50 enrollment fee to start working on your account. Then there is a monthly fee of 8% of the monthly debt payments. Some states, such as California, limit the monthly charge credit counseling companies can charge. For instance, in California, monthly fees cannot exceed $35.

- $50 enrollment fee

- 8% of monthly payments (Some states regulate credit counseling services and set a maximum monthly fee)

How Is DebtWave Better Than Other Companies?

- DebtWave has over 15 years experience and is a 501(c)3 nonprofit organization.

- It approved to provide credit counseling and debt management services in 47 states.

- It provides several outreach programs at no cost to the consumer. 

- A+ rating with the BBB