American households now carry US$13.2 trillion of debt.
That figure includes US$829 billion of credit card debt and US$9 trillion of mortgage debt.
There’s also the outstanding student loan debt of US$1.2 trillion.
All of the above means there’s an obvious demand for companies that offer debt settlement and consolidation services.
The good news for you is that many of these companies pay substantial commissions for referrals.
Let’s look at some debt settlement affiliate programs worth promoting.
Although Experian isn’t a debt settlement or relief provider, it is the type of program you can refer people with financial troubles to.
The reality is that most people have no idea how to manage their finances.
This includes keeping track of any bad debts that could impact their credit/FICO score via a company like Experian.
So it won’t do any harm to offer multiple complementary offers to people who want to sort their finances out.
You could use an Experian referral as an up-sell to debt settlement or negotiation products later on.
And in the case of the Experian affiliate program, this means being paid $4 per lead, or anywhere up to $100 per sale.
As you can see they have a 3-month EPC of US$221.97, which is better than healthy.
Selling your visitors on an Experian credit report shouldn’t be too much work because they’re a household name at this stage.
The 10-day cookie means you’re better off sending pre-qualified traffic to their affiliate offers though.
Commission rate: Up to $100 per sale
Cookie duration: 10 days
2. Guardian Debt Relief
Guardian Debt Relief is a debt settlement and debt negotiation service provider.
Basically, they approach creditors on your behalf and haggle with them until you only have to pay a fraction of your original debt.
There are no upfront fees for their service, and all your debts are wrapped up into one monthly payment.
Although they focus on credit card debt, Guardian Debt Relief also works with clients dealing with at least US$7,500 of medical, utility and private student loan debt.
As an affiliate, you get paid $32 for every qualified lead they receive through their online form, but $45 for every lead that results in a phone consultation.
And if one of your referrals signs up with Guardian Debt Relief, that’s worth $325 to you.
You’d only need to get 8 people per month to sign up with them to earn “job replacement” income.
Commission rate: Up to $325 per sale
Cookie duration: 45 days
Upstart is the brainchild of ex-Google employees who decided that there had to be a better way than using FICO scores to evaluate loan applications.
So they use machine learning and AI to evaluate loan risk, and have suffered fewer losses as a result.
You can use Upstart to pay off credit cards, student loans or to consolidate debt with loans ranging from $1,000 to $50,000.
The AI behind Upstart means loans can be approved within a few minutes of application, with funds deposited the next day.
They pay affiliates $80 for every successfully funded loan (not just applications), and if you refer 25 or more funded loans each month your payout increases to $120 per customer.
Upstart payouts aren’t as big as some other affiliate programs, but you can always negotiate a better rate if your site can send them enough traffic.
Commission rate: Up to $120 per sale
EPC: 0.25 (in-house calculation)
Cookie duration: 45 days
Note: You can join Upstart through either FlexOffers or Commission Junction.
This debt negotiation and settlement has been in business since 2000, which is the equivalent of 150 Internet years.
CuraDebt offers help with debts ranging from credit cards and personal loans to IRS back taxes.
They do not provide assistance with student, mortgage or auto loan debt though.
Their website looks like it hasn’t been updated since the turn of the Millennium, but they also have thousands of positive reviews.
Social proof is important when you’re suggesting that your visitors take financial advice from a relative stranger.
Affiliates earn anywhere from $25 for a lead all the way up to $500 for somebody who enrolls with CuraDebt.
Just be aware that those $500 commissions are based on referring a high volume of customers.
They also offer a “Never Expires” cookie so you don’t need to stress about converting leads as quickly as possible.
CuraDebt could make you a lot of money if you can send them enough qualified traffic.
How many $500 commissions would you need to earn each month to have the lifestyle of your dreams?
Commission rate: $25 per debt lead or up to $500 for a confirmed enrolment
Cookie duration: Never expires
5. National Debt Relief
The average American owes at least $5,700 in credit card debt, but a sizeable number of people owe many times that.
It’s not difficult though to find stories of “average” people with US$50,000 in credit card debt, usually spread across multiple lenders.
Bankruptcy is the solution most people reach for when their credit card debt becomes critical, but debt consolidation can be a better option, for a number of reasons.
National Debt Relief provides debt settlement services for credit card debt, personal loans, medical bills, business debts and some types of student debt.
And you can get paid commission for sending potential customers their way, $27.50 per lead to be exact.
The commission paid for each lead is already attractive, but what’s equally attractive is that their affiliate program is a top performer on the ShareASale network.
For an affiliate that means National Debt Relief is very good at converting qualified traffic into sales.
Commission rate: $27.50 per lead
Cookie duration: 60 days
6. American Debt Enders
American Debt Enders has been in business since 2006, founded by a husband and wife team who spent years struggling with their own debt.
As of right now, ADE offers both debt management and debt settlement programs.
Their debt management service is available to anyone with at least US$5,000 of credit card debt, while their debt settlement program is open to anyone with the same level of outstanding debt.
The only exceptions to the above are payday loans, student loans, and IRS debt.
American Debt Enders also offers a credit restoration service to help get your FICO score back in good standing.
The boilerplate text for their affiliate program says $20 per qualified lead, but they do offer other products that pay higher commissions:
Their $99.34 EPC is a clear indication that their affiliates are making bank, so they’re worth actively promoting if you have the right audience.
Here’s a quick list of their other debt settlement and consolidation products:
And to top that off they also offer a permanent cookie for each visitor you send them.
Commission rate: $25 per lead
Cookie duration: Never expires
7. Lending Tree
Lending Tree offers a variety of financial products, from personal and dental loans to student and auto loans.
They also offer a debt consolidation service for families who have found themselves overwhelmed by debt.
This form of debt management allows you to save money, be less stressed and even rebuild your FICO score as you’re paying off your debts.
One of the big perks for affiliates is that Lending Tree is a recognized brand, so you won’t have to do a lot of pre-selling to get people to check out their offers.
They are a broker and not a dedicated lender, but their customers don’t seem to mind.
In terms of how much money you can earn by sending qualified traffic to their site, that’s between $1 and $70 per lead.
But they do have excellent 7-day and 30-day EPCs, so you can send traffic their way safe in the knowledge they’re doing everything they can to convert it.
That’s also why their ‘Network Earnings’ rating on Commission Junction is 5/5 – only a handful of merchants achieve that on a consistent basis.
Commission rate: Up to $70 per lead
Cookie duration: 14 days
8. SOFI (Social Finance)
Social Finance is exactly what it sounds like – somewhere between a credit union and an online bank.
They have roughly 500,000 members at the moment, but their lending criteria ensure that issued loans are repaid on time.
Being purely digital also means they can offer lower/better rates for their various products such as credit card consolidation, student loan refinancing, mortgage refinancing, etc.
They cover loans from $5,000 to $100,000 and with repayment terms of between 3 and 20 years.
Affiliates are paid $100 – $150 for every valid and funded loan, depending on what type of loan it is.
This translates to an EPC of $82.84, although their volume of sales isn’t as high as Lending Tree, for example.
But with that said, they have paid out over $2 million in commissions so far to their affiliates.
Commission rate: $100 – $150 per lead
Cookie duration: 30 days
You might have noticed that many of these sites haven’t been updated in years – they look typical of what you’d expect from business websites circa 2004.
But they still convert leads into paying customers, which begs the question about whether or not flashy web design matters if you’re serving a hungry market.
Having an established brand obviously helps, but it is interesting that these highly profitable businesses aren’t investing any of that cash in bleeding-edge web design.
And that brings us to the end of our roundup of the top 8 debt settlement programs online right now.
Why didn’t we feature “10 debt settlement affiliate programs” like the other blog posts?
That’s because those other posts are all pretty much carbon copies of each other.
Many of them are so outdated that the companies they’re “recommending” have gone out of business.
So we only featured programs we’d consider using ourselves and not just a ham-fisted rounded up of the first ten sites we found in Google.
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