Is Skyline Financial legit?
Yes, Skyline appears to be a legit matching service that helps customers find a provider to help them settle their high-interest debts. It also seems to be partnered with GRT Financial — a BBB-accredited debt relief business with an A+ rating — as many Skyline customer reviews mention it by name.
However, keep in mind that Skyline Financial gets paid to hook applicants up with debt relief providers, and some customers feel they were misled about what they were getting into. Be sure you clearly understand the terms of your agreement before entering a debt settlement program.
Where Skyline Financial falls short
Despite some marketing language that suggests otherwise, Skyline Financial is not a direct provider of any financial products. It merely gets paid to match you with providers. It claims to offer personal loans and lines of credit, along with “debt restructuring.”
In reality, contacting them likely results in a hard sell for debt settlement, which, according to Skyline, requires a minimum of $10,000 in eligible debt. You may want to look into other debt settlement providers that may have lower minimum debt requirements if that’s the route you want to take.
What makes Skyline Financial shine?
Skyline Financial may be able to match you with a debt relief provider that can help you settle your debts for less than you owe. This could be a way to get out of debt faster than if you continue to make only the minimum payments. Most programs claim to be able to get you out of debt in 24 to 48 months, but that can vary depending on how much you owe and if your creditors are willing to settle.
How much can I save?
In general, debt relief companies claim you could save around 40% to 50% off your enrolled debt, not including fees paid to the provider. After fees, you might expect to save more like 20% to 25%.
However, that could vary quite a bit depending on how much you owe, the types of creditors you have and whether your creditors are willing to settle for less. For example, if you owe a large amount to a big national bank, they might not be willing to negotiate.
How much does it cost?
Most debt settlement companies charge between 15% to 25% of your enrolled debt. For instance, if you enroll $40,000 in debt, your fees could range from $6,000 to $10,000. The exact fees you’re charged can vary based on where you live and the complexity of your financial situation.
Will Skyline Financial hurt my credit?
Yes, although the severity of the impact on your credit score depends on what your score is before you enroll in the program. When you stop making your debt payments, which is a requirement of the program, those late payments are reported to credit bureaus, causing your score to drop.
If you already had a bad credit score from previous late or missed payments or other negative reporting, the damage may not be significant. But if you started the program with good credit, you could see your score drop by hundreds of points.
Skyline Financial details
The following information describes general guidelines for debt settlement programs, but exact details may vary depending on the provider you’re matched with.
| Free quote or consultation | Yes |
| Services | Debt settlement |
| Minimum Debt | $10,000 |
| Average turnaround | 24 to 48 months |
| Fees | 15% to 25% |
| Types of debt | Credit cards, personal loans, medical bills, collections, business loans, lines of credit |
| Accreditations | Varies by provider |
| Direct or third-party negotiations | Typically direct, but depends on provider |
| State availability | Not available in all states |
Before you sign up with a debt relief company
Debt relief companies typically charge a percentage of a customer’s debt or a monthly program fee for their services. And not all companies are transparent about these costs or drawbacks that can negatively affect your credit score. Depending on the company you work with, you might pay other fees for third-party settlement services or setting up new accounts, which can leave you in a worse situation than when you signed up.
Consider alternatives before signing up with a debt relief company:
- Payment extensions. Companies you owe may be willing to extend your payment due date or put you on a longer payment plan if you ask.
- Nonprofit credit counseling. Look for free debt-management help from nonprofit organizations like the National Foundation for Credit Counseling.
- Debt settlement. If you can manage to pay a portion of the bill, offer the collection agency a one-time payment as a settlement. Collection agencies are often willing to accept a lower payment on your debt to close the account.
Skyline Financial contact info
| Phone number | 888-440-7777 |
| Customer service hours | Not listed |
| info@skylinefinancial.org | |
| X, formerly Twitter | N/A |
| Skyline Financial |
How to qualify for Skyline Financial
To qualify with one of Skyline Financial’s partners, you’ll typically need:
- At least $10,000 in debt
- Have unsecured debts
- Live in a state where the provider operates
How the debt settlement process works
Here’s how debt settlement typically works:
- Call to set up a free consultation.
- Review your options with a debt settlement specialist.
- Make monthly payments to a dedicated bank account.
- Have the provider negotiate settlements on your behalf and approve or deny each one as it comes in.
How Skyline Financial compares to other providers
What is the Finder Score?
The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product’s interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate – this gives you a simple score out of 10.
Read the full breakdown
Skyline Financial reviews and complaints
| BBB accredited |
No |
|---|---|
| BBB rating |
A+ |
| BBB customer reviews |
2.6 out of 5 stars, based on 5 customer reviews |
| Trustpilot Score |
4.8 out of 5 stars, based on 2,275 customer reviews. |
| Customer reviews verified as of |
02 October 2025 |
Some customers on the Better Business Bureau (BBB) and Trustpilot praise the knowledgeable, professional and non-judgmental customer service representatives. Others say the debt settlement program is helping them get out of debt and relieving stress over their debts.
But some reviewers accuse Skyline of using bait-and-switch tactics, seeming to offer loans but pushing debt settlement instead. Others feel that consultants were pushy and used misleading sales tactics to get them to sign up for debt relief, even though they were strictly looking for a loan. A few customers also said that communication was poor after signing up.
What do people on Reddit say?
A Redditor, asking for advice, posted that they weren’t eligible for a loan through Skyline Financial but were considering debt settlement instead. One response basically explained the pros and cons of debt settlement in general. Another said they were currently enrolled in a debt relief plan from Skyline and were so far happy with the results.
Risks to debt settlement
Consider the risks of debt relief programs before you sign up.
- No guarantee. Debt settlement providers can’t guarantee that your creditors will agree to settle your debts for less than you owe.
- Risk of lawsuits. Creditors could decide to take you to court rather than negotiate.
- Increased debt. When you stop paying your debts, you’ll incur late fees, and interest charges continue to accrue.
- Tax consequences. The money you save by settling can be taxed as income.
- Impact on credit. The very nature of debt relief programs damages your credit, at least temporarily.
