Accredited Debt Relief Reviews
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About Accredited Debt Relief
Accredited Debt Relief has delivered custom financial solutions to individuals across the U.S. since 2011. We match our clients with personalized debt consolidation options to help them regain control of their finances.
Pros & Cons
- Accredited with BBB, AFCC, IAPDA
- Various debt consolidation options
- Free consultation
- Experienced Consolidation Specialists
- Must have debts of $10,000+
- Coverage limited to 35 states
Featured Reviews
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Read full reviewWhat is Accredited Debt Relief?
Accredited Debt Relief is a company offering debt consolidation options to customers who have accumulated substantial debt. It operates in 35 states and employs a team of professional Consolidation Specialists to act as an intermediary between you and your creditors. The company offers debt consolidation options including loans.
Accredited Debt Relief is an accredited member of the Better Business Bureau (BBB). It is also accredited with the International Association of Personal Debt Arbitrators (IAPDA) and the San Diego Regional Chamber of Commerce.
How does Accredited Debt Relief work?
Accredited Debt Relief has a minimum debt requirement of $10,000. It cannot guarantee to settle a specific amount for each client because every case is different, and there are many factors in settling a debt.
If you withdraw from your debt consolidation program, Accredited Debt Relief guarantees that you’ll be able to get back the remaining balance in your escrow account that was opened specifically for your debt consolidation program.
Here’s how you can enroll in the company’s debt consolidaton programs:
- Sign up for a free consultation session.
- You will be assigned a dedicated representative as your point of contact.
- Sign up for the specific program that meets your requirements.
- Negotiations start within one to two weeks after signing up.
- Open a new bank account where Accredited will draw funds for your monthly payments.
- The first settlement will be made within three to five months of the program.
- If you think you’re going to miss a monthly payment, inform your Accredited representative five days in advance so he/she can work out other arrangements. Missing payments may delay your progress.
- Continue funding your bank account. This is key to settling your debts on time, typically 24 to 48 months.
Accredited Debt Relief services
Piling credit card bills and personal loans can lead to stress; however, getting rid of them can be even more challenging. Accredited offers the following debt consolidation services that help customers settle their debt with a budget they can afford and timeline they can follow.
- Debt Consolidation
- If you’re struggling to pay the minimum payments on your credit card debt, personal loans, student loans and medical expenses, consolidating all your obligations into one monthly payment is an option. Debt consolidation allows you to:
- Free yourself of dealing with multiple creditors
- Reduce your monthly payment
- Lower your interest rates
- Streamline the paying process with just one monthly payment
- Avoid delinquencies
- Taking out a new loan to pay off all your existing obligation - The downside of this type of debt consolidation is that you may not be able to reduce your interest rate. You may also compromise your home if you get a home equity loan.
- Debt consolidation program - A debt relief company works out an arrangement with your creditors for a possible reduction of interest and waiving of outstanding fees. You’ll then make one consolidated payment each month to your chosen debt relief company, which will distribute payments to your creditors as they are due.
Accredited Debt Relief FAQ
How much does Accredited Debt Relief cost?
Accredited Debt Relief does not charge upfront fees. Fees are typically between 15 and 25 percent of the total debt enrolled and are only charged when results are achieved. The company spreads out its fees over the life of the debt settlement program. It’s important to note that every case is different, and savings are not guaranteed. Results vary depending on the details of the case and other factors outside the control of Accredited Debt Relief.
Clients who consistently make deposits to their bank account pay around 50 percent of their total enrolled debt without the fees. With the fees, they pay around 68 to 75 percent of their enrolled debt. For example, if you enroll a $20,000 debt, Accredited could negotiate that down to $10,000. You can expect a 20 percent fee of $4,000 spread out over the life of the settlement program. A 2-year term would charge you $2,000/year, while a 4-year term would charge you $1,000/year on the average.
How does Accredited Debt Relief affect your credit?
To the credit bureaus, enrolling in a debt relief program means you’re having a hard time managing your debt on your own. This can lower your credit score, limiting your access to new credit and lower interest rates. Debt relief programs start with three to five months of negotiations by the debt relief company with your creditors. This means several months of missed payments, which can cause the credit bureaus to lower your credit score further. While debt relief programs bring down your credit, it is a better alternative to bankruptcy — which stays on your credit records for at least ten years. Lenders will also appreciate your effort for doing your best to repay your debts. When you start paying according to the negotiated settlement, your credit score will gradually improve over time.
Speaking to a consolidation specialist is the best way to determine what your credit score may be based on your personal situation.
Do we recommend Accredited Debt Relief?
Accredited Debt Relief is one of the most trusted debt consolidation companies. It treats debt consolidation with a personal approach by assigning a dedicated representative to guide you through the process. We highly recommend this company for clients who want to settle unsecured debt, avoid bankruptcy and start a clean slate.
Accredited Debt Relief Reviews
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Accredited Debt Relief Company Information
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- Company Name:
- Accredited Debt Relief
- Website:
- www.accrediteddebtrelief.com