Accredited Debt Relief Company - Golden Financial Services

Golden Financial Services (GFS) is an accredited debt relief company by Trusted Company Reviews and was just rated #1 in the nation for Debt Relief, Settlement, and Consolidation Programs.

Click to Check out TCR’s Top 10 Debt Relief Companies for 2020

Factors Considered When Rating “The Top 10 Debt Relief Companies For 2020”

  1. companies with the most positive reviews at TCR
  2. companies that have the least amount of complaints on sites like the BBB, TCR, and Yelp (click to verify Golden Financial’s A+ BBB Rating)
  3. certifications, licensing and accreditations
  4. how long a company has been in business
  5. how many programs a debt relief company offers, as one program is not for everyone (top companies need to have multiple options available)
  6. Most importantly, is the debt relief company transparent with customers, and does the company explain the potential dangers that come with each program?

About Golden Financial’s History

Golden Financial Services was incorporated in the state of Florida in 2004 and was the first company to offer debt settlement in the state of Florida. The company started as a debt settlement company and, over the years, quickly evolved into one of the largest national debt relief companies, now offering multiple plans to help consumers get out of debt.

What Debt Relief Options Does Golden Financial Services Offer?

Golden Financial Services offers:

– debt validation

– consumer credit counseling

– debt consolidation for student loans

debt settlement services

– do-it-yourself debt relief options and free tools for consumers to use inside its Debt Relief Blog


One of the main reasons why Trusted Company Reviews awarded golden Financial Services the top-rated debt relief company is because this company offers multiple debt relief options.


GFS’s certified counselors are passionate about educating consumers on their debt relief options and being able to provide the best possible solution for each person’s needs, even if that means not using a program at all.

Each individual can pick the right plan for their specific financial needs and not feel pressured into the wrong program just because its all a company offers. Not only that, but GFS also prides itself on saving consumers money. The company strives to provide consumers with the lowest possible monthly payment.

Depending on the state you live in will determine what debt relief programs are available. You can see New York debt relief programs are different from New Mexico’s debt relief options.

The debt counselors at GFS will provide each person with a free consultation, which includes a free credit report and score. From there, the counselors go through each debt relief program that a person qualifies for, or if they don’t qualify for any GFS, counselors will direct consumers to self-help free tools and articles on the blog. One of the most popular free tools offered by GFS, according to customer reviews, is their debt snowball calculator. 

Golden Financial Services Reviews

Not only is Golden Financial Services #1 rated for debt relief services on Trusted Company Reviews, but the company also has outstanding client reviews on Facebook,  Yelp, Google, BBB, and The company is IAPDA Certified.

And in 2020, Golden Financial made the list at for being one of the “Fastest Growing Companies in the Nation”.

Golden Financial Services has less than two complaints at the BBB and an A+ rating, going back since 2004.

The majority of other debt relief, settlement, and consolidation companies across the nation offer only one program. When a company provides a single debt relief option, consumers are more likely to end up getting signed up for the wrong plan, leading to poor results and potentially ending up in worse financial shape. This common malpractice is what gives debt relief companies and debt settlement law firms, a “bad name”. Another massive benefit with Golden Financial Services is that they only offer plans which include some type of written guarantee and no up-front fees.

Is there a written guarantee with debt relief programs?

The attorney debt settlement program offered through Golden Financial Services includes an “assurance of performance”, which is similar to a guarantee, but in the “attorney world”, attornies are not allowed to say the word “guarantee”.

The debt validation plan Golden Financial offers includes a money-back-guarantee.

Sign Up With Ease

Golden Financial Services has partnered with some of the top debt relief back-ends across the nation.


The Golden Financial Services debt calculator can figure out how much money a person can save on each debt relief plan all within 60-seconds, making it fast and easy for consumers to learn their options and pick the plan with the most savings.

Get Unbiassed Results

By having multiple debt relief programs under one company umbrella, this type of business infrastructure focusses on getting the consumer the best possible deal and eliminates any biased sales practices. Rather than debt relief companies competing against each other and every company reaching out and trying to grab as many customers as possible, at Golden Financial Services its umbrella of companies all work together, in a synergistically efficient manner that puts the consumer first. The focus is, “which plan will save you the most”.

Get a Personalized Plan to Get Out Of Debt

Golden Financial Services is a one-stop-shop for debt relief. Personalized plans are tailored to help a person escape debt in the fastest possible time-frame. You have the power to make a choice based on what suits you best at

Whether a person needs to consolidate student loans or reduce credit card debt, Golden Financial Services can help a person do that and more. It’s common for one person to enroll in two different plans at Golden Financial, to maximize their savings and efficiently address each type of debt.

Review Debt Relief Program Disclosures at Golden Financial Services

Interest rates: Maximum Annual Percentage Rate (APR)

Consumers pay 0% interest on all debt relief programs, remember, these programs are not the same as getting a loan – there is no interest.

Program Fees:

With debt settlement, consumers can end up paying approximately 70% of their total debt including fees and complete the program in 24-48 months. Fees can range from 15-30 of the total debt enrolled, but the plans offered through Golden Financial Services are performances based, meaning, no fees get charged until after results are achieved (i.e., each debt gets settled one by one).

Short-term personal loans

Golden Financial Services does not offer any type of short-term loans.

Affect on Credit Scores

Debt settlement and validation programs require consumers to stop making monthly payments to creditors, resulting in accounts eventually getting charged off and sold to collection agencies. After each debt is settled and paid, late marks and collections can remain on credit reports.

Tax consequences

After a debt is reduced and the balance paid in full, the savings can be construed as income and the IRS could require a person to pay taxes on this amount. If a person has a legitimate financial hardship and is not solvent, this tax debt can get eliminated by filling certain IRS tax forms. Refer to a licensed accountant for more information about eliminating tax debt that has been incurred as a result of a “settled debt”.

Not all clients finish

Not all clients complete the debt relief programs through Golden Financial Services due to a variety of reasons, such as some may not be able to afford to make all of their scheduled payments.

Balances can grow before getting settled

With any debt settlement program, credit cards are not being paid and therefore late fees and interest can result in balances growing before each debt gets settled. If a person cancels their program prior to finishing the plan they could end up with more debt than what they started with.

Creditors can sue

There are cases where creditors issue clients a summons to go to court, and if ignored this summons could result in a default judgement. Golden Financial Services anticipates this potential downside and is proactive by setting clients up with a law firm that is experienced with dealing with potential lawsuits. A summons is typically settled prior to the court date, and in the end clients still will make it through the program successfully.

No guarantee that creditors will settle

No settlement company can guarantee creditors will settle at a certain percentage, or settle at all, but in most cases creditors will settle all of the debts that get enrolled into the program. Companies like Golden Financial Services quote clients conservatively based on the prior year’s results so in the end they perform better than expected and keep clients happy with the results. Any extra savings goes directly back to the client, as these funds are never drafted by the debt settlement company.

FDIC Trust Account or Special Savings Account 

With a debt settlement program monthly payments are deposited into the client’s special purpose savings account. This is where monthly payments go and accumulate. As the funds accumulate and the savings account balance grows, that’s when negotiators start working towards settling a debt. Clients must approve of a settlement before funds get released. Clients remain in full control of this money until they agree to pay off a debt, and only after a debt is paid does the settlement company earn their fee. Any extra savings will go directly back to the client and not towards the settlement company’s fees.

Student Loan Consolidation Disclosures

GFS offers a program to assist consumers with Federal Student Loans. Consumers can consolidate their loans on their own, or hire a debt relief company to do this for them. GFS will consolidate for the client, then getting them on an affordable income-based repayment plan.

GFS will file all of the appropriate documentation on an annual basis to recertify for the clients and communicate with creditors for the clients. For many students across the nation consolidating and maintaining an affordable monthly payment, along with making sure they get loan forgiveness at the appropriate time, is just all too overwhelming for them to deal with. For that reason, GFS’s student loan relief program can be a Blessing for many.

GFS is not affiliated with the government or federal student loan servicers.

Debt validation program disclosures

Validation programs come with many of the same downsides as debt settlement but there are some differences. For example, if an account is invalidated there are no tax consequences and the debt can no longer legally remain on credit reports. However, to qualify for a validation program consumers do need to stop paying on their accounts, which can result in an adverse effect on credit and potential lawsuits.  The program offered through GFS ensures if any downsides occur a solution is in place to deal with it. For example, if a creditor issues a client a summons, the client is fully refunded on the account and referred to a settlement law firm to help them resolve the debt. If an account is invalidated, free credit repair is included to then dispute the debt from the consumer’s credit.


What type of debt qualifies on Golden Financial’s debt relief programs?

No single program addresses all types of debts.

For example; consumer credit counseling only addresses credit card debt.

The federal student loan relief program addresses federal student loans.

Private student loan debt can get settled for less than the full amount or refinanced at a lower interest rate.

Unsecured personal loans and credit cards can get settled or included in a debt validation program, which disputes each account.

Golden Financial Services can tailor the right combination of debt relief options to address a person’s entire unsecured debt situation.

At Trusted Company Reviews, we’ve not been able to find any other company in the nation that offers debt settlement, debt validation, debt consolidation, and consumer credit counseling.

Plans even come with a money-back guarantee, really setting Golden Financial Services above the others.

See Best Debt Relief, Settlement & Consolidation Company Reviews

To find a debt relief program, start here and select your debt amount!

Full Disclosure Debt Relief Company

Consumers can benefit from Golden Financial’s programs in different ways. Ultimately; all of their programs focus on eliminating debt, addressing derogatory information on credit, and providing immediate savings for their clients. However, another benefit of using Golden Financial Services is that potential clients get fully educated on the downsides associated with each debt relief program. This type of transparency is essential because clients better understand what they’re getting into and can then prepare for financial recovery as well. Golden Financial Services makes it a point to fully explain the negatives and then assisting clients with credit recovery and financially starting fresh. Again, they even go that extra mile by making sure credit repair is included in specific plans for no additional cost.

Most complaints against a debt relief company are related to either:

  • a salesperson misleading a consumer and not fully informing them about a debt relief program before approving them for one
  • failure to perform debt relief services and to charge up-front fees
  • putting a consumer in the wrong program, just because that’s the only program the company offers and salespeople would rather not lose a client (see, most debt relief companies will use sales representatives on the frontline, enrolling clients into the debt relief program)

How Golden Financial Services is different: 

  • plans offer a money-back-guarantee, ensuring clients don’t pay if results aren’t achieved
  • attorney backed plans provide an assurance of performance, which is similar to a guarantee
  • the company discloses the negative side to each debt relief program online, inside each program agreement and verbally through a compliance call before approving candidates
  • the company uses IAPDA certified and accredited debt counselors on the frontline, properly educating and qualifying consumers for the right debt relief program

After interviewing 105 Golden Financial Services clients, here are the results:

— Two out of Three Golden Financial Services clients had their debt resolved and credit repaired within a 3-year program.

— 98% of their customers were happy with the results.

— About 35% of the same clients had student loan debt and credit card debt (multiple debts) resolved inside of their one monthly payment, even though the student loan relief and credit card relief program are different programs. Their state of the art technology and algorithm makes it easy for clients to manage their monthly payments.

It is also important to note that out of 2,500+ debt relief companies listed on our review boards, Golden Financial Services provided the highest number of clients for us to call, and had the least amount of customer complaints.

Another difference with Golden Financial Services, when compared to other debt relief companies, is that they solidified partnerships with some of the leading credit repair businesses in the nation. Their unique program infrastructure was set up on individual programs to make it “free” for clients to get the credit repair, so it’s an added benefit that is free of cost. Credit repair is considered a separate program with a separate fee, but it’s all-inclusive at Golden Financial Services on a few of their plans.

For specific details, it’s best to call into Golden Financial Services at 1-866-376-9846.

Debt Relief, Settlement and Consolidation Company Reviews

At Trusted Company Reviews; debt relief, settlement and consolidation company reviews are based on a company’s:

  • Better Business Bureau Rating (ranging from A->F) & Number of Complaints: a debt relief company with unresolved complaints is one that you want to stay far away from!
  • Experience: How long has the company been in business? Reputable debt relief companies need at least five years in business.
  • Transparency: Does their website provide detailed information?
  • Disclosures: Does their website illustrate clear disclosures?
  • Range of products: Do they offer multiple debt relief options? (with debt relief, one shoe size does not fit all!)
  • Accreditations and Certifications: (i.e., IAPDA, BBB, licensed non-profit)
  • Complaints Online: Does the company have complaints on the BBB and bad reviews on Yelp?
  • Fees: If a loan company, how are their interest rates? If a debt settlement company, are they charging high upfront fees?