TurboDebt Review: Pros, Cons, Features, Ratings & More

TurboDebt offers a heavily advertised program promising fast, cost-effective debt relief. Do they deliver?

Key Points

  • This is a review of TurboDebt, a legitimate Florida-based debt relief company. It is not affiliated with Turbo Debt, an Ohio-based debt collection agency
  • TurboDebt only enrolls clients with unsecured debts totaling $10,000 or more
  • TurboDebt offers a free consultation, then refers you to a partner business that best meets your needs
  • TurboDebt does not charge an upfront fee. They earn money by referring you to another company
  • Customer reviews are exceptionally positive

Featured Alternative: DebtHammer

Our Top Pick for Help With Debt
  • Can help with many types of debt, including payday and credit card
  • Extremely transparent process, no shadiness
  • Friendly and helpful customer support – no judgment

Hot take: TurboDebt has some advantages but may not be the lowest-cost option for debt relief. It’s a legitimate company that has earned an A rating from the Better Business Bureau and five out of five stars on Trustpilot. However, clients are typically referred to National Debt Relief, an established debt settlement company with a history of customer complaints.

TurboDebt at a Glance 

Do they offer a free consultation?Yes
How to get startedCall 1-866-830-5449 or schedule a free consultation on the TurboDebt website.
FeesTurboDebt does not charge fees. They may refer you to a partner business that will charge fees for debt settlement.
How it worksTurboDebt provides a free consultation and may refer you to a partner company for debt settlement services.
Who owns TurboDebtBonnie Silver, Founder & CEO
Company address and phone number643 NW 136th Ave Building H, Sunrise, FL 33323, United States 1-866-830-5449
BBB ratingNo listing
Trustpilot rating5.0 from 3,396 reviews
Minimum debt settled$10,000
Noteworthy featuresTurboDebt provides a free consultation and refers clients to partner companies for debt settlement services.
Disclosure: Credit Summit may receive compensation from companies mentioned in this article.

TurboDebt: What You Need to Know

TurboDebt is a relatively new player in the debt-relief space: it appears to have been founded in 2020. The company advertises heavily on social media, notably TikTok and Snapchat, and has achieved a significant public profile.

TurboDebt deals only with unsecured debts, like credit card debt, medical debt, personal loan debt, or payday loan debt. Secured debts, like mortgages, car loans, or pawnshop loans, cannot be included. Many student loans cannot be included.

Pro tip: TurboDebt does not provide debt relief services. The company website states, “TurboDebt connects clients to debt relief programs that fit their unique needs.”

TurboDebt does not charge you a fee. Instead, they receive a commission when they refer you to a partner company. This means the company is incentivized to refer you to whoever pays the highest commission. This means their service is only as good as their partner company.

The main form of debt relief mentioned on the site is debt settlement, and reviews indicate that clients are typically referred to National Debt Relief, an established debt settlement company. It’s worth noting, however, that National Debt Relief has its fair share of unhappy clients.

The fine print at the bottom of the TurboDebt website says this:

“Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 24 to 48 months.”

This suggests that an average client reduces their debt by a total of 25% after fees.

READ MORE: Debt settlement fees

Debt settlement can reduce your debts, but there are downsides:

  • Debt settlement can temporarily hurt your credit. You are typically required to stop paying debts while accumulating funds for settlement. This means late payments and potential charge-offs. Your credit score will rebound once the debts have been settled.
  • A creditor may sue you during the debt settlement process. You will have to respond and appear in court, and if a judge rules against you, your wages could be garnished. A good debt settlement company will help you navigate this process.
  • If debts are forgiven as part of the settlement process, you might have to report the amount forgiven to the IRS as taxable income.

It’s essential to keep these in mind as you weigh your options.

READ MORE: Best debt settlement companies

What Makes TurboDebt Stand Out?

TurboDebt’s business model is simple. They recruit customers and pass them on to other companies in exchange for a commission.

Free Consultation

TurboDebt’s actual service is a free consultation. You must provide information on your income, living expenses, and debts.

Remember that, as clarified in the job ad cited above, your consultation is with a sales representative, not a licensed credit counselor. The representative’s goal is to refer you to a commission-paying partner.

Debt Settlement Referrals

TurboDebt’s primary business appears to be recruiting customers for debt settlement companies. They seem to have a partnership with National Debt Relief. 

National Debt Relief is an established and credible provider of debt settlement services, but before you accept a referral, you should look into the potential risks of debt settlement. These include credit damage, collection calls, potential creditor lawsuits, and tax liabilities.

TurboDebt representatives want you to accept a referral so that they may downplay the potential risks. You’ll have to look out for yourself.

READ MORE: Debt settlement pros and cons

Debt Consolidation Assistance

The TurboDebt website does not specifically offer debt consolidation services. They promise to help you “choose the debt relief program that best meets your needs,” but no specific information on what programs are available.

The only reference to debt consolidation is on the affiliate marketing page. It is unclear whether TurboDebt offers debt consolidation or is actively seeking debt consolidation partners.

If debt consolidation is what you need, you will be referred to a lender who will issue a debt consolidation loan. They will pay all of your debts and you will then pay off your new loan with a single monthly payment.

READ MORE: Debt settlement vs. debt consolidation

Pro tip: Debt consolidation can be effective, but you will need the discipline to avoid taking on more debt until your consolidated loan is paid off. Check the terms of the loan carefully to be sure you’re getting a better deal.

How to Sign Up 

You can call TurboDebt at 1-866-830-549 or through their website. You will schedule a free initial consultation.

You must explain your household income, monthly expenses, and debts in detail to receive effective assistance.

How TurboDebt Works

TurboDebt provides free initial consultations and refers customers to debt settlement companies and potentially to debt consolidation lenders.

Remember that your consultation will involve a sales representative, not a credit counselor. The representative’s job is to match you with a partner company. This could affect the advice you get.

Is TurboDebt Legitimate?

TurboDebt is not a scam. They are a legitimate company that provides free consultations and refer clients to credible debt relief companies. However, since TurboDebt primarily partners with National Debt Relief, you may feel more comfortable contacting National Debt Relief directly.

Some Questions Answered

The TurboDebt website does not include some key details. For example, there’s no business address listed. We had to get that from a Google map search. The website also does not indicate who owns the company. There is a quote from the CEO on the “Careers” page of the website, but only a first name is given:

We tracked down the LinkedIn page of Bonnie Silver, who is identified as the co-founder and CEO of TurboDebt. The page says she’s based in California.

A Florida corporation search revealed no listing for TurboDebt. Still, it did turn up a listing for All Service Financial LLC, based in Jacksonville, Fla., with Bonnie Silver as Authorized Member.

After a little more searching, we came up with this job ad:

This establishes a relationship between All Service Financial and TurboDebt (some of the text is straight from the TurboDebt website) and explains that the founding team is in California, but the offices are in Florida.

READ MORE: Is debt settlement the best way to get out of debt?

The Website

TurboDebt’s website is attractive, persuasive and incomplete. There’s a promise to “help you take control of your finances and work towards a debt-free life,” which sounds lovely, but there’s no real indication of how they will do this.

There’s no mention of the real downsides of debt settlements, like damaged credit, aggressive collection efforts, and potential creditor lawsuits. Tax implications of debt settlement are not mentioned, though the fine print at the bottom advises consulting a tax professional.

As mentioned above, details like a company address and the identity of the executives are not revealed.

What TurboDebt Customers Are Saying

TurboDebt has an A rating with the Better Business Bureau, earning 4.94 out of five stars.

Here is a real customer review with the Better Business Bureau:

On Trustpilot, TurboDebt also has an impressive record: 5 stars from more than 10,000 reviews, a whopping 97% of which are 5-star. TurboDebt is naturally proud of this record and cites it prominently on the website.

Here is a real customer review from Trustpilot:

Pro tip: It’s important to note that multiple questions have been raised about the authenticity of Trustpilot’s reviews, though Trustpilot says it has implemented protocols to crack down on potentially fake reviews.

Pros and Cons

There are a few advantages and disadvantages of working with a company like TurboDebt.


  • Debt settlement can help you break free of the debt cycle
  • You might be able to reduce the total amount of debt that you have to pay off
  • You may have a choice among multiple programs
  • The initial consultation is free


  • Debt settlement companies cost money
  • Debt settlement can harm your credit score. You may face aggressive collection actions and even lawsuits from creditors
  • You will have to declare any reduction in your debt as taxable income
  • TurboDebt’s business model does not create an incentive for the company to work in your interests

READ MORE: How does debt settlement affect your credit score?

Who Should Consider TurboDebt

TurboDebt is designed to serve a specific type of customer. Consider these questions:

  • Is your debt overwhelming?
  • Are you struggling to keep up with your monthly payments?
  • Are you trying to avoid filing for bankruptcy?
  • Do you want to settle debts but feel that you don’t have the expertise to negotiate on your own? 
  • Are your debts primarily unsecured debts, like credit card debt, medical debt, personal loans, and payday loans?

If you answered “yes” to more than one of these questions, you are in TurboDebt’s target group. However, you can just as easily connect with debt settlement companies without a third-party referral.

READ MORE: Is it better to settle a debt or pay it in full?

Who Should Not Consider TurboDebt

Some people will not want to work with TurboDebt.

  • People who don’t want to pay for debt settlement
  • People with a manageable amount of debt
  • Those planning to take out a new credit line – for example, apply for a mortgage or auto loan – soon
  • People who want to work with a company that works for them, not for the companies to whom they refer clients

Anyone considering TurboDebt should consider the implications of the company’s commission-based business model first. 

The Bottom Line

TurboDebt is a legitimate company with a solid business model. However, they will not run your debt settlement program. Instead, they will match you with a partner agency, and that’s likely to be National Debt Relief. If you have had a bad experience with National Debt Relief, or are intimidated by NDR’s negative customer feedback, you should consider another company.

Scroll to Top