TurboDebt
TurboDebt is a U.S. consumer debt-relief platform founded in 2020 that connects individuals with unsecured debt to debt settlement, consolidation, and credit counseling programs across 47 states and four territories, generating performance-based fees of 15-25% of enrolled debt through its partnership with National Debt Relief.
- Company typePrivate
- Founded2020
- HeadquartersSunrise, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What TurboDebt does
TurboDebt (legal entity Turbo Debt LLC) is a U.S. consumer debt-relief platform founded in 2020 and headquartered in Sunrise, Florida, with a secondary office in Jacksonville. The company connects individuals struggling with unsecured debt — primarily credit card balances, medical bills, and personal loans — to debt-relief programs, operating across 47 states and four U.S. territories (Puerto Rico, U.S. Virgin Islands, Guam), with operations excluded only in Connecticut, Minnesota, Oregon, Vermont, West Virginia, and Wisconsin due to regulatory constraints. Its core product is debt settlement, in which clients deposit monthly into a dedicated savings account until sufficient funds accumulate for lump-sum creditor negotiations; the company also offers debt consolidation, credit counseling, and debt management plans. The technology layer is an online matching platform paired with 24/7 phone-based inside sales, and the actual settlement services are delivered through a core strategic partnership with National Debt Relief, while TurboDebt functions as the customer-acquisition and consultation front end.
The business model is performance-based: TurboDebt charges 15% to 25% of total enrolled debt only after successful settlement, with a $10,000 minimum debt threshold and typical program duration of 24 to 48 months. Distribution is direct-to-consumer, driven primarily by SEO-optimized state landing pages, a large educational content library, customer reviews (22,000+ five-star reviews across Trustpilot and Google), and a Spanish-language site. The company maintains BBB A+ accreditation and AADR accreditation as compliance signals. Reported outcomes include average client enrollment of $18,779, average 45-46% debt savings before fees (or ~25% including fees), and cumulative settlement of over $15 billion across 650,000+ enrolled Americans. The company employs 501-1,000 people across its two Florida offices, with leadership consisting of CEO and co-founder Bonnie Silver.
TurboDebt firmographics
Firmographics- Name
- TurboDebt
- Legal name
- Turbo Debt LLC
- Website
- https://turbodebt.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- TurboDebt is a U.S. consumer debt-relief platform founded in 2020 that connects individuals with unsecured debt to debt settlement, consolidation, and credit counseling programs across 47 states and four territories, generating performance-based fees of 15-25% of enrolled debt through its partnership with National Debt Relief.
- Ownership category
- akta.pro rank
TurboDebt industry classification
Industry- Product category
- Debt Relief Services
- NAICS
- Activities Related to Credit Intermediation (5223)
- SIC
- Loan Brokers (6163)
- akta.pro primary industry
- Debt Settlement / Negotiation Programs (Non-loan) (FSAKAIAK)
- akta.pro secondary industries
- Credit Counseling & Debt Management Plans (DMP) (FSAKAJAH), Debt Management Plans (DMP) & Consolidation Programs (FSAKAIAJ)
Keywords
Where TurboDebt is headquartered
LocationHeadquarters
- HQ city
- Sunrise
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
TurboDebt business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D
Revenue model
- Debt Settlement Fees: TurboDebt charges fees only after successful debt settlement negotiations. Fees range from 15% to 25% of the total enrolled debt amount, collected only after creditors agree to reduced payoff amounts.
- No Upfront Fees: The company operates on a performance-based model where no fees are charged until a settlement is successfully reached. This aligns company incentives with client outcomes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Debt Settlement Program with 15%-25% fee based on enrolled debt |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
TurboDebt product offering
Product offeringCore offering
TurboDebt connects consumers with debt relief programs, primarily debt settlement services delivered in partnership with National Debt Relief. Clients enroll unsecured debts (credit cards, medical bills, personal loans) with a minimum of $10,000, make monthly deposits into a dedicated savings account, and the company negotiates lump-sum settlements with creditors to reduce the total amount owed.
Product overview
TurboDebt is a debt relief services company offering a platform that connects consumers with multiple debt relief programs. The core offering is debt settlement services, where the company negotiates with creditors on behalf of clients to reduce enrolled unsecured debt by an average of 45% before fees. The product portfolio includes debt settlement programs (24-48 month timelines), debt consolidation services, credit counseling, and debt management plans. TurboDebt operates as a lead connector to these programs, with an average minimum debt requirement of $10,000 for enrollment. The company also provides a free savings estimates tool for prospective clients and maintains an extensive educational resources library covering various debt types and financial management topics.
Differentiator
Problem solved
Functional benefit
Products and services
- Debt Settlement Program A debt settlement program where professionals negotiate with creditors on behalf of clients to reduce the total amount owed, typically achieving settlements for 45-50% less than the original enrolled debt balance. Clients make monthly deposits into a dedicated savings account until sufficient funds accumulate for lump-sum settlement offers, with programs typically completing in 24-48 months. For consumers with at least $10,000 in unsecured debt.
- Debt Consolidation Debt consolidation services that help clients roll multiple debts into a single balance transfer credit card or consolidation loan at a lower interest rate. For consumers seeking to simplify unsecured debt payments.
- Credit Counseling Financial counseling services provided by certified credit advisors who review clients' complete financial pictures to help them understand options and build realistic debt repayment plans. For consumers seeking guidance on debt management options.
- Debt Management Plan (DMP) A structured repayment program administered through a credit counseling agency where clients make one monthly payment that is distributed across enrolled creditors, with agencies negotiating lower interest rates and waived fees. For consumers seeking an organized, non-settlement repayment path.
Quantifiable outcome
- Average savings of 45% on enrolled debt (before fees), or 25% including fees, over 24-48 months
- +3 more outcomes
Companies that use TurboDebt
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles2 records
TurboDebt technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
TurboDebt partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- National Debt ReliefcoreTurboDebt partners with National Debt Relief to offer comprehensive debt relief programs. National Debt Relief provides the actual debt settlement services including creditor negotiations, settlement arrangements, and program delivery. TurboDebt serves as the lead generation and customer acquisition channel, with National Debt Relief handling program execution.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
TurboDebt competitors and assessment
Company assessmentDirect peers
- National Debt Relief: Largest U.S. debt settlement company and TurboDebt's strategic partner for actual program delivery. Both target consumers with $10,000+ unsecured debt using a performance-based fee model and creditor negotiation approach — directly comparable offering and customer base.
- Freedom Debt Relief: One of the largest U.S. debt settlement companies, providing nearly identical services to TurboDebt — performance-based fees, creditor negotiation, and similar customer profile of distressed consumers with unsecured debt. Direct head-to-head competitor in lead generation and brand positioning.
- Accredited Debt Relief: Debt settlement company offering performance-based fee debt negotiation services targeting the same $10,000+ unsecured debt consumer segment. Operates a similar inside-sales, consultation-led GTM motion with comparable fee structures.
- ClearOne Advantage: Debt settlement and financial services company serving consumers struggling with unsecured debt, using a comparable creditor negotiation and lump-sum settlement model. Targets the same distressed borrower segment with similar performance-based pricing.
- New Era Debt Solutions: Debt settlement firm offering negotiated debt reduction for credit cards, medical bills, and unsecured personal loans — the same core debt types TurboDebt addresses. Comparable consumer profile and inside-sales-driven enrollment process.
- CuraDebt: Debt settlement and tax debt relief provider serving consumers and small businesses with unsecured debt obligations. Directly comparable customer acquisition motion, fee structure, and product positioning to TurboDebt.
- Money Management International: Nonprofit credit counseling agency offering Debt Management Plans (DMP) and credit counseling — overlapping with TurboDebt's non-settlement products (credit counseling and DMP per source_id:). Serves the same financially distressed consumer segment with a regulated nonprofit structure.
- Consolidation Plus: Lead-generation platform matching consumers with debt consolidation and settlement programs — directly comparable business model to TurboDebt as a marketing/connector layer between consumers and debt relief providers.
- InCharge Debt Solutions: Nonprofit credit counseling and DMP provider offering consumer debt management education and structured repayment plans. Directly comparable to TurboDebt's credit counseling and DMP product lines.
Broad incumbents
- Debt.org: Broad consumer debt education and lead-generation site covering debt settlement, consolidation, credit counseling, and bankruptcy. Comparable in the lead-gen and consumer education layer that funnels prospects to debt relief providers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
TurboDebt social profiles
Digital presenceTurboDebt compliance and trust
Trust signalCompliance2 records
TurboDebt financial estimates
Financial estimateRevenue estimate
Valuation estimate
TurboDebt leadership team
Management profileNumber of profiles
Profiles1 record
TurboDebt funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TurboDebt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TurboDebt
What does TurboDebt do?
TurboDebt connects consumers with debt relief programs, primarily debt settlement services delivered in partnership with National Debt Relief. Clients enroll unsecured debts (credit cards, medical bills, personal loans) with a minimum of $10,000, make monthly deposits into a dedicated savings account, and the company negotiates lump-sum settlements with creditors to reduce the total amount owed.
Is TurboDebt a public or private company?
TurboDebt is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TurboDebt founded?
TurboDebt was founded in 2020. It employs 251 to 500 people.
Where is TurboDebt based?
TurboDebt is headquartered in Sunrise, United States, in the North America region.
How does TurboDebt make money?
Two revenue lines are on record. Debt Settlement Fees are the primary driver. The others are no Upfront Fees.
Who are TurboDebt's main competitors?
Direct peers on record are National Debt Relief, Freedom Debt Relief, Accredited Debt Relief, ClearOne Advantage, New Era Debt Solutions, CuraDebt, Money Management International, Consolidation Plus and InCharge Debt Solutions. Debt.org is listed as a broad incumbent.
Does TurboDebt have an API?
No public API is recorded for TurboDebt.
What industry is TurboDebt in?
TurboDebt's product category is Debt Relief Services. Its primary akta.pro industry code is FSAKAIAK, Debt Settlement / Negotiation Programs (Non-loan), with a secondary code of FSAKAJAH, Credit Counseling & Debt Management Plans (DMP). Its NAICS code is 5223 and its SIC code is 6163.