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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

DebtBye Debt Relief Review

Jayson Derrick Jayson Derrick Last update:
Minimum debt
$10,000
Credit Score
Poor +

DebtBye strives to help individuals regain control of their financial wellbeing by helping them obtain competitive loans best suited for their individual circumstances. DebtBye itself isn’t a debt specialist or lender, rather it collects personal information and connects you to one or many specialized third-party debt specialists that may be willing to offer their products or services.

DebtBye, as its name implies, is dedicated to helping consumers say bye to their debt — regardless of the size. If you are in the market for debt solutions options, DebtBye is a good starting point to get one or more quotes for free with no obligation to proceed.

The online marketplace offers consumers access to speak with a qualified debt adviser to better understand all the options available. DebtBye helps consumers with debt loads as low as zero and as high as tens of thousands of dollars.

DebtBye Loan Types and Terms

Loan Types Credit Card Debt, Tax Debt, General Debt, Other Debt
Loan Amount $10,000 – $30,000+
Repayment Terms 2 Months to 72 Months
APR Varies by lender
Minimum Credit Score No Minimum Credit Score Required
Lender Type Third-party lending market
Good for: Debt Reduction, Debt Payoff, Financial Repair, Avoid Bankruptcy

  Free Quote

Who Is DebtBye Good For?

DebtBye specifically targets consumers who feel trapped with never-ending debt, high-interest loans, and out of control credit card balances. These consumers could be dangerously close to delinquency and once this happens, the path towards regaining financial health and well being will become a difficult uphill battle that could take many years.

Instead, DebtBye’s proprietary platform scans dozens of lenders on its platform for a more personalized and tailored solution. The platform is specifically designed to help five groups:

  • Consumers looking for an alternative to declaring bankruptcy.
  • Anyone that wants to get rid of extreme fees.
  • People with multiple debts to pay off.
  • Those looking for lower interest alternatives.
  • Someone looking to streamline their payment procedures.

According to DebtBye’s website, there is no minimum or maximum amount of debt required for a consumer to request a free quote. Like every other marketplace and lender, there is ultimately no guarantee a loan will be offered.

While all lenders strive to offer the lowest rates possible, some offer more favorable terms or conditions. For example, a lender with particular expertise in helping consumers pay their credit card debt faster might not be as flexible in helping someone with unpaid tax debt.

This shows the important value a marketplace like DebtBye offers to consumers as a starting step towards regaining financial freedom with the help of the right lender.

DebtBye Pros

  • Free consultation with experts.
  • The ability to seek options from dozens of lenders through one simple application process.
  • No minimum amount required to obtain a quote.
  • No upfront fees.
  • No obligation to proceed with a lender.

DebtBye Cons

  • The number of lenders varies by region and type of debt.
  • Credit score could be impacted through multiple pulls.
  • Some services are not available in all states.
  • DebtBye may share your information with unwanted third parties.

Application Process

DebtBye offers a simple application process where you select answers to questions that best apply to your unique situation. The first question you will be asked is “how much debt are you in?” and the choices range from $0-$10,000, $10,000-$15,000, $15,000-$30,000, and $30,000 or more.

The process then moves on to ask “what is your highest type of debt?” and then to confirm if the amount of credit card debt or unsecured debt is above or below $10,000. The questionnaire moves on to ask if you have a car registered in your name as auto-payment loans could be bundled with other lending packages.

DebtBye then asks you to select what range best corresponds with your credit score. A “Poor” rating is anything below 500 while “Excellent” is anything above 700. If you don’t know there is an option to select “not sure.”

Up next are questions more related to your financial situation aside from debt. DebtBye will ask if you rent or own a home, what are your sources of income and how often you get paid. Other questions include how long you have had a bank account and if there are any direct deposits.

Free Quote

Terms & Requirements

To be able to use DebtBye’s marketplace platform you must be a legal resident of the United States and over the age of 18. Some of the terms and requirements are consistent with what one would expect when dealing with a marketplace or lender, including authorizing your personal info and/or credit report to be pulled.

The application process can not be completed unless you agree to DebtBye’s Privacy Policy, consent, and Terms and conditions. You must also acknowledge the information DebtBye collects will be shared with the lenders on its partners along with other third-party service providers who can contact you via phone call, SMS/text message, and/or e-mail.

All users must assume the ultimate responsibility with selecting what lender they wish to transact with. It is important that you fully understand a loan offer prior to accepting, including potential fees or penalties associated with late or non-payments.

DebtBye encourages consumers to file a complaint with the Consumer Finance Bureau if there is evidence of wrongdoing under the Equal Credit Opportunity Act, Fair Credit Reporting Act, The Truth in Lending Act, or Americans with Disabilities Act, or elsewhere.

Debt Requirements

  • No minimum requirement needed to apply.
  • Holding a checking account is highly recommended.
  • Consistent income via direct deposit is strongly recommended.

Debt Repayment Terms

  • Repayment terms vary by lender.
Free Quote

Privacy & Security

DebtBye is a website owned and operated by LMB Associates, LLC. The marketplace will collect personally identifiable information and other information either provided directly by you voluntarily or through third-party service providers, like a credit bureau. LMB Associates may retain your information indefinitely and transmission of personal information is at your own risk.

DebtBye uses cookies, web beacons, and similar technologies to collect information such as your operating system, date and time stamp of visit, etc. Your information will be used to deliver the products and services requested and will be shared with third-party lenders or institutions for the purpose of determining eligibility.

Safety is paramount to the user experience and DebtBye uses generally accepted industry standards to protect personal information, including 256 bit SSL technology powered by Amazon’s AWS Cloud Computing. To date, there are no media reports of any security breach at DebtBye.

Customer Support

DebtBye’s website shows no option on how consumers can contact their customer support. But as a marketplace platform, the financial lender will ultimately be responsible for dealing with any questions and concerns.

Final Thoughts

Debt is considered one of the biggest sources of stress so taking action today to help with your monthly obligations not only offers a financial solution but health benefits. Platforms like DebtBye makes the process smooth by connecting you with dozens of potential lenders with just one application process.

Physical Address

5737 Kanan Road #517
Agoura Hills, CA 91301

Free Quote
Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Jayson Derrick Jayson Derrick
Jayson Derrick has been writing about all topics related to investment and personal finance since 2013. Prior to that, he was in charge of a news desk for a prop trading firm.
This review is based on the writer's personal opinion.