DebtWave Credit Counseling is a well-reputed name in the debt consolidation and credit counseling industry. DebtWave is a non-profit debt management company, licensed to operate in many states. The company has been operating since 2001 and offers a wide array of debt relief services including budget evaluation, credit report reviews, credit counseling, debt management, and debt consolidation. DebtWave Credit Counseling primarily focuses on resolving credit card debt and till date, the company has helped more than 13,000 people eliminate their credit card debts.

DebtWave Credit Counseling possesses some distinguishing features, and perhaps the most noteworthy of those is the company’s lower interest rate. The company offers a free consultation with certified counselors to help customers in choosing the best plan for themselves.The company then charges a reasonable monthly fee ranging from $10-$49, and an interest rate of 7.63 percent on consolidation loans. The company’s website offers extensive educational resources including free seminars, debt to income calculator, budget template worksheet, debt calculator, FICO estimator, and a workbook. DebtWave Credit Counseling also offers a money back guarantee and does not charge any fees if customers choose to cancel their enrollment.

Despite being a great service overall, the company still lacks in some aspects. The company’s website does not disclose information on the drawbacks associated with debt relief services. The company also has limited customer service hours, making it difficult for some clients to reach them. Moreover, the company does not offer its services in NY, CO, MD, and KS at the moment. Many of the company’s competitors offer their services in all states of the US.