TurboDebt

TurboDebt: debt relief advisory for American consumers

TurboDebt® is a debt relief advisory firm that provides information and connects consumers with financial management programs aimed at reducing and eliminating unsecured debt. The company presents itself as a Better Business Bureau accredited firm with an A+ rating and claims to have over 650,000 Americans already enrolled in its programs.

According to data published on its site, clients who stay in the program and manage to settle all their debts achieve approximate savings of 45% before fees, or 20% including the company's fees, over a period of 24 to 48 months. The company clarifies that not all clients complete the program and that not all types of debt are eligible for enrollment.

Services and advisory areas

TurboDebt's service catalog covers various forms of debt relief and management, including:

• Debt settlement
• Debt consolidation
• Credit counseling
• Credit repair
• Debt management
• Debt consolidation loans

The company also organizes its offering by types of debt handled: credit card debt, medical debt, mortgage debt, business debt, car debt, divorce debt, gambling debt, tax debt, veteran debt, and retirement debt. It also offers informational resources on financial hardship, financial stress, senior citizen assistance, bad credit, and bankruptcy.

How the process works

The site describes a four-step process for interested parties. First, the user answers a few questions about their financial situation in about two minutes. Then, they speak with a company representative about the available solutions. Third, they enroll in the selected program and begin making more affordable payments. Finally, the client continues in the program with the goal of becoming debt-free.

TurboDebt states that it reviews the client's budget to ensure the suggested solution fits their means and that the deposit schedule can be customized.

Cited results and client profiles

The company publishes examples of clients with savings achieved before fees. Among them are cases such as Gloria, a disabled veteran, with an initial debt of $14,676 and savings of 45%; Deidra, a fitness trainer and influencer, with a debt of $23,645 and savings of 48%; Tricia, a registered nurse, with $51,654 in debt and savings of 53%; Gaye, a university professor, with $39,856 and savings of 45% in nine months; Susana, a teacher and writer, with $8,852 and savings of 20% in fourteen months; and Danel, a retired NASA engineer, with $9,459 and savings of 27% in ten months.

The site includes client ratings on external platforms, with a rating of 4.9 out of 5 based on more than 15,220 reviews in one case and more than 8,240 in another. The company presents itself as the leading company on Trustpilot within its sector, with a rating of 5.0 from more than 21,000 reviews.

Informational resources and content

TurboDebt maintains a resources section on debt management with articles dedicated to debt relief in general, credit card debt relief, medical debt relief, and tax debt relief with the IRS. It also publishes current content on seasonal spending habits, consolidation loans for credit card debt, and the relationship between identity theft and indebtedness.

Scope and limitations of the service

The company warns that it does not assume the consumer's debts, does not make monthly payments to creditors, and does not offer tax, bankruptcy, accounting, or legal advice, nor credit repair services. It notes that the service is not available in all states and that, depending on the state, it may recommend a local tax professional or a bankruptcy attorney. Calls may be recorded or monitored for quality and training purposes. The company operates under registration number C.P.D. Reg. No. TC-5030.