New Era Debt has been able to resolve millions of dollars worth of debt. They have paved the way in the financial industry since 1999, with the launch of the company brand in 2007 strictly specializing in debt settlement solutions. The company claims they are setting the tone for how all settlement companies should operate, with high standards, integrity, and customer satisfaction.

About New Era Debt Relief

Basic Information

  • Address: 330 Wood Rd, Camarillo, CA 93010-8331
  • Web Address:
  • Date of Founding: 1999
  • Contact Number: (805) 532-9000
  • BBB Accredited? Yes, since 2001.

The Company

New Era Debt Relief is run by a Mr. Dan Smith, who also lists himself as the primary contact for anyone who has any complaints against this company. Those complaints can also be processed through the Better Business Bureau, where New Era Debt Relief have been accredited since 2001.

New Era Debt Relief don't hire the hundreds of employees that the likes of GreenPath and Freedom hire. They have just over a dozen working for them at any given time. But these hard-working employees seem happy in their roles and we have not heard any complaints or negativity from them, which is somewhat rare in this industry.

The Services

New Era Debt Relief offer a debt settlement program that aims to clear your debts within 3 years. They position themselves as an alternative to credit counseling and to bankruptcy, and in many cases these programs are just as effective as claimed.

It's not for everyone, but it's worth checking out their services to see if it is the right fit for you. It doesn't cost anything to use the calculators on their site and to get a quote, and if you're not happy with the quote then you don't have to signup.

New Era Debt Relief do not position themselves as a counseling service or an education resource, so they are different to a lot of the debt consolidation and debt management companies that we have covered here on DebtReviews. But that doesn't make them any less valuable and some people will benefit more using these services.

New Era Debt Relief Reviews

The Prices

It's hard to get a straightforward answer to this question, but to give New Era Debt Relief their dues this is true for all debt settlement programs like this as it is entirely dependent on the size of your debt, as well as a few other factors.

You will need to contact them directly in order to get a quote. You can simply use the form on their website to get a quick quote through your email, before using this as a basis to get a better deal when you have a discussion with them over the phone.

Our New Era Debt Relief Review

There is a lot to like about this company. They have the experience and the skills required to help you settle your debts. But there are also some negatives to look our for. Keep reading to learn more with our New Era Debt Relief review.

New Era Debt Relief

The Good

It isn’t difficult to see why customers have ranked New Era Debt Relief so high, and why there are so many good reviews for them out there.  Just like most legitimate debt settlement companies, New Era does not charge any upfront fees for using their services (an FTC law made this illegal in 2010). Customers are only charged when all unsecured debt is settled, at which point customers are usually happy to pay (on account of the fact that they are now debt free).

When compared to the competition, the fees charged by New Era Debt Relief are fairly average. The company functions on a performance-based fee model, charging approximately 15 to 25 percent of the total debt enrolled and eventually settled. What's more, there is no minimum debt requirement and clients have the option to leave the program at any time without incurring a penalty should they choose to do so.

A free consultation is offered to all prospective customers, during which time a professional consultant will go over the client’s financial situation to see if their services are a good fit and to advise on the best course of action thereafter. The company recommends that clients set aside at least 1% of their total debt on a monthly basis, but they urge clients to put aside a little more if they can as this will ensure that their debts are paid off quickly and without issuing, making New Era Debt Relief's job much easier.

New Era Debt Relief are honest with the client about what kind of results they can expect and they lay out statistics and guidelines on their “Truth and Transparency” page. Once enrolled, the debt specialist that has been assigned to the client will provide a pamphlet filled with comprehensive training materials and tools to assist clients in getting out of debt and staying out of debt.

The company provides debt education online with pages that outline the pros and cons of each method that can help them get out of debt. There are also tips on how to succeed in a debt settlement program that can be found in the “Client success” tab, which also offers information on choosing a settlement firm. Finally, they offer a debt calculator to help individuals get an idea of what the monthly payments might look like with New Era Debt Relief.

Highlights to this company include:

  • They have resolved over $200 million in debt
  • They offer complete transparency at all times
  • They have an abundance of educational resources
  • They offer full debt settlement in as little as 90 days

New Era Debt Relief Help

The Bad

There are a number of risks associated with debt settlement, and any credible company will do what they can to define those risks for you and make sure that you understand each one in full. There could be serious tax penalties for settling certain debts, even more so in the case that back taxes are owed, and New Era Debt Relief do a good job in explaining the gravity of this situation and other potential issues. Others risks with debt settlement include possible litigation, as well as a major hit to the customer's credit score, and these issues are also explained in full.

New Era Debt Relief may not be accredited with the AFCC, but it should be noted that the company follows their own high standards. Additionally, they only operate in 43 states, as licensing and registration issues ensure they cannot operate in the remaining 7 states. More states will be added once the company completes licensing and registration, which should occur fairly shortly and may have even been finalized by the time you read this review (although we do try to update these pages regularly).

The Bottom Line

In the debt settlement industry, it isn’t a novelty to see a company make promises and break them. Fortunately, New Era Debt Relief does not do this, and it provides customers with transparent information and open communication at all times. Make no mistake about it, this is a well-qualified company with a proven track record of success and the highest level of customer support.

They follow the standards set by the FTC and are IAPDA certified, ensuring that customers are getting the most ethical treatment plans geared for financial freedom.

They are also accredited by the BBB, respond quickly to bad reviews and complaints, and have a lot of positive reviews from former customers. We recommend taking advantage of the company’s free, no-obligation consultation to determine if their services will be of help to you. You don't have anything to lose if they are not, and you might find that they are the cheapest and best solution for you debt settlement needs.