New Era Debt Solutions
- Company typePrivate
- Founded1999
- HeadquartersCamarillo, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
New Era Debt Solutions firmographics
Firmographics- Name
- New Era Debt Solutions
- Legal name
- New Era Group Inc
- Website
- https://neweradebtsolutions.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
New Era Debt Solutions industry classification
Industry- Product category
- Debt Settlement Services
- NAICS
- Collection Agencies (561440), Activities Related to Credit Intermediation (5223)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Debt Settlement & Negotiation Services (FSAEAFAC)
- akta.pro secondary industries
- Collections & Creditor Negotiation Support (Debtor-Side) (FSAEAFAI), Debt Settlement / Negotiation Programs (Non-loan) (FSAKAIAK)
Keywords
Where New Era Debt Solutions is headquartered
LocationHeadquarters
- HQ city
- Camarillo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
New Era Debt Solutions business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D, Others
Revenue model
- Performance-Based Settlement Fees: Fees are entirely performance-based, charged only after a settlement agreement has been made. No upfront fees, no monthly administrative fees. Fees range between 14% to 23% of the original debt amount enrolled into the debt relief program.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Pay-as-you-go | Performance-based fee model with no upfront costs |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
New Era Debt Solutions product offering
Product offeringCore offering
New Era Debt Solutions provides a Debt Settlement Program that negotiates with creditors to reduce the principal balances on unsecured debts (credit cards, personal loans, medical bills, department store cards, and repossession deficiencies). Clients make monthly deposits into a dedicated savings account, and accumulated funds are used by the company's negotiators to arrange lump-sum settlements, typically reducing enrolled balances by an average of 52.23%. Fees are 100% performance-based, ranging from 14% to 23% of the original enrolled debt, and are only collected after a settlement has been successfully reached.
Product overview
New Era Debt Solutions operates as a single-product debt settlement company with supporting tools and resources. The core offering is the Debt Settlement Program, which negotiates with creditors to reduce unsecured debt balances by an average of 52.23%. This is complemented by a Debt Calculator tool for prospective clients to estimate savings, a Client Dashboard for enrolled participants to track progress, and a Free Debt Analysis service for initial consultations. The company also provides Spanish-language services (En Español), an educational blog with financial tips, comprehensive FAQs, and a Truth & Transparency Center that publishes actual performance statistics. The ecosystem is designed to guide consumers from initial inquiry through program completion, with all services focused exclusively on unsecured debt settlement.
Differentiator
Problem solved
Functional benefit
Products and services
- Debt Settlement Program Core debt settlement service that negotiates with creditors to reduce principal balances on unsecured debts such as credit cards, personal loans, and medical bills. Clients make monthly deposits into a dedicated savings account, and accumulated funds are used to negotiate lump-sum settlements typically resulting in 30-60% debt reduction (averaging 52.23% savings). Performance-based fees of 14% to 23% of enrolled debt are charged only after a settlement is reached.
- Free Debt Analysis Complimentary consultation service in which New Era's debt specialists evaluate a prospective client's financial situation, total unsecured debt, and ability to make monthly deposits to determine qualification for the Debt Settlement Program.
- En Español Services Full Spanish-language version of the New Era Debt Solutions service offering, providing debt settlement information, program details, FAQs, and consultation services for Spanish-speaking consumers across the U.S. market.
Quantifiable outcome
- Average 52.23% savings on enrolled debt balance (settled for 47.77% of enrolled balance)
- +4 more outcomes
Companies that use New Era Debt Solutions
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles1 record
New Era Debt Solutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
New Era Debt Solutions partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Consumer First Legal Network (CFLN)coreAffiliate law firm partnership for providing debt settlement services in states requiring legal representation. New Era operates in association with CFLN in states including Colorado, Connecticut, Georgia, Hawaii, Illinois, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Hampshire, New Jersey, Ohio, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming, and others. Also operates in Maine through separate arrangement. This partnership enables the company to offer services across more states while maintaining regulatory compliance.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
New Era Debt Solutions competitors and assessment
Company assessmentDirect peers
- National Debt Relief: Largest US consumer debt settlement company; offers nearly identical performance-fee-based unsecured debt negotiation (credit cards, medical, personal loans) to financially distressed consumers with a multi-state inside-sales GTM — direct head-to-head competitor.
- Freedom Debt Relief: One of the largest US debt settlement firms; uses the same performance-fee model, negotiates with creditors on unsecured consumer debt, and serves a similar distressed-consumer segment via inbound phone/web sales — the closest comparable in scale and model.
- Accredited Debt Relief: Direct debt settlement competitor with a performance-fee structure, in-house negotiators and attorneys, and a comparable multi-state inside-sales GTM targeting consumers with unsecured debt.
- Pacific Debt Relief: Direct debt settlement peer using a similar performance-fee model on unsecured consumer debts; comparable inbound-sales GTM and similar client profile.
- CuraDebt: Debt settlement and tax debt resolution company serving similar financially distressed consumers with performance-based fees and creditor negotiation — a smaller but directly comparable competitor.
Broad incumbents
- GreenPath Financial Wellness: Nonprofit credit counseling and debt management plan (DMP) provider; serves the same financially stressed consumer base but offers an alternative solution (consolidation/counseling rather than settlement) — competes for the same demand pool with a different product.
- Cambridge Credit Counseling: Nonprofit credit counseling agency offering DMPs and debt advice; competes with debt settlement for distressed consumers who have the cash flow to repay — same end-customer, different mechanism.
- Take Charge America: Nonprofit credit counseling and debt management provider competing for the same consumer-debt-distress demand with DMPs and financial education — adjacent solution rather than direct settlement competitor.
- Money Management International: Large nonprofit credit counseling agency providing debt management plans, housing counseling, and financial education — competes for the same financially distressed consumer segment with a consolidation-oriented alternative.
Emerging players
- DMB Financial: Smaller debt settlement and consolidation firm using a performance-fee model on unsecured debt; a niche but directly comparable peer in the same category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
New Era Debt Solutions social profiles
Digital presenceNew Era Debt Solutions compliance and trust
Trust signalCompliance4 records
New Era Debt Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Era Debt Solutions leadership team
Management profileNumber of profiles
Profiles3 records
New Era Debt Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Era Debt Solutions 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 New Era Debt Solutions
What does New Era Debt Solutions do?
New Era Debt Solutions provides a Debt Settlement Program that negotiates with creditors to reduce the principal balances on unsecured debts (credit cards, personal loans, medical bills, department store cards, and repossession deficiencies). Clients make monthly deposits into a dedicated savings account, and accumulated funds are used by the company's negotiators to arrange lump-sum settlements, typically reducing enrolled balances by an average of 52.23%. Fees are 100% performance-based, ranging from 14% to 23% of the original enrolled debt, and are only collected after a settlement has been successfully reached.
Is New Era Debt Solutions a public or private company?
New Era Debt Solutions is a private company. It is classified as family owned and is currently operating.
When was New Era Debt Solutions founded?
New Era Debt Solutions was founded in 1999. It employs 11 to 50 people.
Where is New Era Debt Solutions based?
New Era Debt Solutions is headquartered in Camarillo, United States, in the North America region.
How does New Era Debt Solutions make money?
One revenue line is on record: performance-Based Settlement Fees.
Who are New Era Debt Solutions's main competitors?
Direct peers on record are National Debt Relief, Freedom Debt Relief, Accredited Debt Relief, Pacific Debt Relief and CuraDebt. Broad incumbents are GreenPath Financial Wellness, Cambridge Credit Counseling, Take Charge America and Money Management International. DMB Financial is listed as an emerging player.
Does New Era Debt Solutions have an API?
No public API is recorded for New Era Debt Solutions.
What industry is New Era Debt Solutions in?
New Era Debt Solutions's product category is Debt Settlement Services. Its primary akta.pro industry code is FSAEAFAC, Debt Settlement & Negotiation Services, with a secondary code of FSAEAFAI, Collections & Creditor Negotiation Support (Debtor-Side). Its NAICS code is 561440 and its SIC code is 7320.