Best New York Debt Relief, Settlement and Consolidation Company

Golden Financial Services was one of the first debt settlement companies in New York. Fifteen years later the company is still thriving and has an A+ Better Business Bureau rating – and not even ONE BBB COMPLAINT!

How can we keep such an impeccable record? The answer – we get our clients out of debt, include credit repair and a written money back guarantee. We guarantee you the lowest possible monthly payment and will match any other debt relief company’s offer. 

You can get free debt relief advice here at Golden Financial Services and enroll in any of the following debt relief programs that we are about to discuss.


What Type of Debt Qualifies for New York Debt Relief?

  • Student loans (including federal and private student loans)
  • Credit card debt
  • Third party debt collection accounts
  • Almost any type of financial company and bank loan (we do have some restrictions)
  • Repossessions
  • Bad Credit is OK, we can still help and credit repair is included in some plans


Option 1: Debt Settlement New York 

  • Debt settlement in New York, also known as debt arbitration or debt negotiation, involves negotiating with creditors to accept a lower balance as “paid in full”. Your debt could be discounted down to only around half of what you originally owed, before debt settlement company fees. A portion of the balance could be completely wiped away and forgiven. 
  • Not all clients can make it through a debt settlement program, keep that in mind. Some clients lose their income and have to drop-out because they can’t afford to continue making payments. 
  • Clients that graduate a debt settlement program successfully become debt free within around 24-36 months on average. Clients end up paying only around 70% of their total debt, including fees.
  • Although the practice may result in a lower credit score temporarily, your debt to income ratio should improve over the course of the program because each debt is paid off one by one. 
  • Debt settlement can save a person from having to file for bankruptcy. Bankruptcy has the worst long-term effect on a person’s financial situation, negatively affecting everything from their ability to purchase a car, rent a house, buy a home and even get a job. 
  • A debt settlement program includes only one monthly payment. That payment is deposited into a trust account and remains in the client’s control. As money accumulates in the trust account, one by one each creditor is settled and paid, until a person is debt free.
  • Creditors are not paid on a monthly basis, like with consolidation services, but rather paid in lump sum payments. Fees and settlement fund are all included in the monthly payment.
  • You will immediately start paying less money each month after getting approved on a debt settlement program in New York – putting extra savings in your pocket.
  • You will receive a date of completion, so you will see the light at the end of the tunnel – knowing when you’ll be debt free!
  • Results do vary, but when you are being represented by a top-rated NY debt relief company, expect only the best.

Ready to take action?

Important point: Make sure to fully understand the potential negative consequences that can arise from a debt settlement program, such as; creditors can pursue legal action, negative marks can be left on your credit report, balances will increase before getting settled and potential tax consequences may occur. We will fully disclose and discuss each potential negative consequences and offer advice on how to deal with each consequence if it was to occur.

Talk to a New York IAPDA Certified Debt Counselor Now (it’s FREE) 866-376-9846.

Option 2: New York Debt Consolidation

  • Debt consolidation is a loan that is used to pay off your existing debts.
  • You could even use a home equity line of credit to consolidate and pay off your debt, and that’s probably one of the smartest options available due to its low-interest rate.
  • The point of getting a debt consolidation loan is to reduce your interest rates, lower the monthly payment and get out of debt faster.
  • You can use a debt consolidation loan to pay off any type of debt.

Important point: Closely examine the interest rates and fees associated with a debt consolidation loan, before signing up for any type of loan.

What about NY debt consolidation programs for student loans? 

  • Golden Financial Services can assist you with consolidating your student loan debt, getting them paid off within the next 90-days, and following up on your consolidated loan until you’re eligible for loan forgiveness. We will process your student loan consolidation through the government offered student loan programs. New York residents can either consolidate their student loans on their own or use a company to do the work for them, like what we offer at Golden Financial Services. 
  • We can help you to navigate your way through the complex processes of student loan consolidation, getting on the right income-driven repayment plan and loan forgiveness.
  • To consolidate your student loans on your own, visit, and click on “repayment and consolidation”. The common problem students have when consolidating on their own is that it can be time-consuming, complicated and easy to get kicked out of the plan. You could forget to file a particular form, check a wrong box on the application and forget to recertify on time one year – and bam, you get kicked out of the plan, lose eligibility for loan forgiveness and can even get your wages garnished.
  • To consolidate your student loans on your own and get loan forgiveness, here are step by step instructions on what to do. 

What about using a debt consolidation loan to pay off credit card debt?

  • In New York, using a debt consolidation loan to pay off credit card debt is a popular option for consumers that have a credit score of 700 or higher.
  • If your credit score is under 700, getting a low-interest debt consolidation loan in NY, for the purpose of paying off credit card debts, is near impossible.
  • Golden Financial Services does not offer a consolidation loan for credit card debt. Local credit unions will usually offer the lowest interest rate for a consolidation loan. If you own a home and have equity in it, your best case scenario would be to get a home equity line of credit. A home equity line of credit can be used as a consolidation loan and often comes with the lowest interest rate.

Talk to a New York IAPDA Certified Debt Counselor Now (it’s FREE) 866-376-9846.


Option 3: Debt Validation Program in New York

  • Disputes your alleged debts and includes credit repair FOR FREE – you may not have to pay the debt and it could come off your credit report entirely.
  • Debt validation can be the least expensive method of resolving an unsecured debt and getting it completely off your credit report. Think about if you were to get a speeding ticket. You could plead guilty, where you would pay a fine, go to traffic school and get points on your license. You could also hire an attorney to fight the ticket, and in many cases get it completely dismissed – as if it never existed.
  • Debt validation is similar to getting a speeding ticket. You can fight the debt and prove it to be legally uncollectible, where legally the debt collection companies can no longer report the debt and negative marks on your credit report and you wouldn’t have to pay the debt.
  • Golden Financial Services can introduce you to a debt validation program that comes with a money back guarantee and stays with you until your debt is completely removed from your record due to the statute of limitations.
  • Debt validation will cost less than debt settlement in most cases.

Important point: The debt does still exist after it gets invalidated and could be sent back to your original creditor where collection activity continues. If a debt can’t be invalidated, it could then be settled for less than the full balanced owe. At Golden Financial Services we usually recommend using debt validation before trying to settle a debt. 

Talk to a New York IAPDA Certified Debt Counselor Now (it’s FREE) 866-376-9846.


Option 4: New York Consumer Credit Counseling Programs

  • You start making one consolidated payment each month to the consumer credit counseling company, instead of paying the credit card companies. 
  • In New York, consumer credit counseling programs consist of credit counselors working with your creditors to lower interest rates and create lower, consolidated monthly payments that are more affordable for the consumer. (this is not a loan)
  • With more manageable payments consumers have more disposable income for savings or retirement.
  • In addition, because interest rates are reduced when a consumer works with a New York debt consolidation company, they are able to pay off debt faster.
  • The company will then disperse the funds to each of your credit card companies, but at a reduced interest rate.
  • Your monthly payments get consolidated into one lower monthly payment and you can become debt free in around 4-5 years, versus 6+ years on your own.

Important point: Consumer credit counseling programs have the least negative effect on credit scores, but it will show on your credit report that you’re enrolled in a consumer credit counseling program. Having this third-party notation on your credit report can be looked down upon by future lenders, preventing you from using your credit in the near future.

Talk to a New York IAPDA Certified Debt Counselor Now (it’s FREE) 866-376-9846.


New York Debt Statistics 

The following statistics give some insight into the debt picture of many New Yorkers, as well as the reasons consumers may want to contact a New York debt relief company:

  • Unemployment Rate: As of August 2013, New York had an unemployment rate of 7.6 percent, slightly higher than the national rate of 7.3 percent. (
  • Poverty Level: The poverty rate in New York, according to a 2007 Census Bureau report was 13.7, lower than the national average of 15.9 percent. This report ranked New York 18th among all 50 states regarding the number of people living below the poverty level. (
  • Student Loan Debt: New Yorkers had an average student loan debt of $25,851, ranking 19th among the 50 states. However, 60 percent of students leaving college who were residents of New York were carrying student loan debt, ranking it 25th among other states. (
  • Credit Card Debt: In 2011, New Yorkers had an average credit card debt of $5,900, which was lower than the national average of $6,600. Statistics show that New Yorkers often fall lower than the national average for credit card debt. (
  • Bankruptcy: Bankruptcy filings in New York dropped between 2011 and 2012 across both judicial districts. The Northern District had 13.4 percent fewer filings, while the Western District had 12.6 percent fewer. (

All of these statistics show that, although New Yorkers seem to be in a slightly better financial situation than residents of other states, consumers often need the services of a New York debt relief company.


Golden Financial Services, a New York Based Debt Relief, Settlement and Consolidation Company

  • A+ Rated by the Better Business Bureau
  • Accredited by the Association for Student Loan Relief
  • Certified by the International Association of Professional Debt Arbitrators
  • 15+ years in business
  • No BBB complaints
  • Hundreds of positive online customer reviews

We can help you to devise a simple and safe plan to get out of debt and address your credit problems in the quickest possible timeframe. If results aren’t achieved you won’t pay a dollar! You will get the results you want and need when using Golden Financial Services for New York Debt Relief!