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 around the web.  Just like most legitimate debt settlement companies, New Era does not charge any upfront fees for retaining services. Customers are only charged when the enrolled unsecured debt is settled with creditors.

In comparison to the competition, the fees are fairly average. The company functions of a performance-based fee model charging approximately 15 to 25 percent of total debt enrolled and settled. Plus there is no minimum debt requirement and clients have the option to leave the program at any time without incurring a penalty.

A free consultation is offered where a professional consultant will go over each client’s financial situation to determine if their services are the right fit for them. The company recommends that clients set aside at least one percent of their total debt on a monthly basis, however, they suggest 1.5 percent in order to decrease the duration of the program, which in turn saves the client money in the long run.

They will be honest with the client about what kind of results to expect and they lay out statistics and guidelines on their “Truth and Transparency” page. Once enrolled, the debt specialist will offer a pamphlet filled with comprehensive training materials and tools to assist clients in getting and staying out of debt.

The company provides debt education online by offering a page that outlines the pros and cons of each way to 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 when deciding how to choose a settlement firm. Last, they offer a debt calculator to help individuals get an idea of what the monthly payments might look like with New Era.

Highlights to this company include:

  • Over $200 million in debt resolved
  • Company transparency
  • Abundance of settlement literacy resources
  • Settlement in as little as 90 days

New Era Debt Relief Help

The Bad

There are risks associated with debt settlement and any credible company will do what they can to define those risks for you. There could be serious tax penalties for settling certain debts, even more so in the case that back taxes are owed. Others risks with settlement are possible litigation and hits to credit scores.

New Era Debt Relief may not be accredited with the AFCC, but it should be noted that the company follows the standards to their own accord. Additionally, they only operate in 43 states due to licensing and registration requirements. States will be added once the company completes licensing and registration, which should occur before long.

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 does not fall into that category by providing customers with transparent information and open communication. Make no mistake about it, this is a well-qualified company with a proven track record of customer success.

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.