Accredited Debt Relief Review

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Accredited Debt Relief Review

Accredited Debt Relief can help you get out from under your financial obligations by using a method known as debt settlement. When you settle your debts, you will cease making payments on your credit cards and other bills and instead start putting money aside in a savings account that is kept separate from your other finances. After you have put aside between 40 and 50 percent of the total amount of each obligation in your account, Accredited Bill Relief will make an effort to settle your debts for a lower amount than you owe.

Accredited Debt Relief asserts that each program typically requires a commitment of anywhere between 12 and 48 months, despite the fact that the length of this process might vary. It is important to keep in mind that despite the fact that this organization will charge you fees ranging from 15% to 25% of each recorded debt, you will not be required to pay anything until a settlement has been made.

As a result of being required to stop making payments on credit cards and other obligations, debt settlement might have a negative impact on your credit score. On their website, Accredited Debt Relief warns categorically that employing debt settlement services “will almost certainly adversely impact your score.” 2 They also state that you might be subject to legal action or collection efforts from creditors or collectors.

Pros Explained

  • In addition to this, we looked at user reviews on Trustpilot to determine what previous customers liked and disliked about each business. Finally, in order to provide a basis for our internal evaluations and rankings, we analyzed these companies based on their performance in over twenty different categories.
  • In addition to this, we looked at user reviews on Trustpilot to determine what previous customers liked and disliked about each business. Finally, in order to provide a basis for our internal evaluations and rankings, we analyzed these companies based on their performance in over twenty different categories.
  • In addition to this, we looked at user reviews on Trustpilot to determine what previous customers liked and disliked about each business. Finally, in order to provide a basis for our internal evaluations and rankings, we analyzed these companies based on their performance in over twenty different categories.

Cons Explained

  • In addition to this, we looked at user reviews on Trustpilot to determine what previous customers liked and disliked about each business. Finally, in order to provide a basis for our internal evaluations and rankings, we analyzed these companies based on their performance in over twenty different categories.
  • In addition to this, we looked at user reviews on Trustpilot to determine what previous customers liked and disliked about each business. Finally, in order to provide a basis for our internal evaluations and rankings, we analyzed these companies based on their performance in over twenty different categories.

Types of Debt Addressed

Accredited Debt Relief’s primary objective is to provide assistance in the negotiation and settlement of your unsecured debt, which refers to the vast majority of debts that are not backed by any kind of collateral. This indicates that they are unable to provide assistance to you in the process of resolving secured debts such as a mortgage or an auto loan, both of which are secured by an underlying asset. The following provides more information on the many debts that may be eliminated via the process of debt settlement:

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Credit Card Debt

Credit card debt is quite common and is one of the most common types of unsecured debt. Accredited Debt Relief may be able to help you in negotiating the current balances on your credit cards as well as any fees that you have accrued, and then paying off the whole balance for a sum that is less than what you owe.

Personal Loans and Payday Loans

Debt settlement is another option for resolving unsecured personal debts, such as payday loans, and may be used in conjunction with negotiation and repayment.

Past-Due Medical Bills

It is also possible to use debt settlement to settle medical debts for a sum that is less than the total amount that is owed. It makes no difference whether you owe money to a hospital, a doctor, or any other medical care provider; this is always the case.

Accredited Debt Relief makes the claim that their services are relevant to a variety of various types of unsecured debt, and that during your free consultation, you will have the opportunity to inquire about your specific obligations. Keep in mind, too, that you are free to combine several kinds of loans into a single debt relief package if that works better for you.

Client Onboarding

Accredited Debt Relief will start the process with a no-cost consultation during which you will have the opportunity to ask questions and figure out whether or not settling your debt is the best option for you. Next, a certified debt resolution expert will help you in deciding how much you should begin saving each month for your program and how long the process will take. Additionally, they will tell you how long the procedure will take.

Accredited Debt Relief states that in order for customers to qualify for their program, they must have at least $10,000 worth of unsecured debt to settle.

If you have unsecured debts totaling less than $10,000, you may want to investigate the possibility of settling them in a way that does not have an effect on your credit score. Debt consolidation loans, debt management programs, and credit counseling are some of the other choices available.

Customer Service

Accredited Debt Relief is a company that specializes in repeatedly negotiating the process of debt settlement. This may be done on a regular basis. Accredited Debt Relief debt counselors may be able to guide you through the regulations that govern debt settlement while ensuring that you do not lose any of your rights, including those that are protected by the Fair Debt Collection Practices Act.

As a customer of Accredited Debt Relief, you are welcome to phone the company on weekdays between the hours of 5 a.m. and 9 p.m. Pacific Standard Time (PST), and on weekends between 5 a.m. and 4 p.m. PST. The majority of their positive Trustpilot comments emphasize the great customer service they provide and the knowledgeable staff they employ. 3

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Company Reputation

Although the industry for debt relief is known to have its fair share of con artists, there are a number of reputable companies operating within it. The good news is that there are a variety of approaches to investigating companies to verify that they are trustworthy and able to provide the services that they have guaranteed.

One step you might do is to look into customer complaints by searching the database maintained by the Consumer Financial Protection Bureau (CFPB).

The fact that Accredited Debt Relief has earned 4.8 stars out of a possible 5 on Trustpilot demonstrates that clients are, on the whole, satisfied with the services they get. 3

If you are unhappy with the services provided by a debt relief firm, you may file a complaint with the Federal Trade Commission (FTC) or call 877-FTC-HELP for assistance.

Average Relief Amount

Accredited Debt Relief mandates that its customers save aside between 40 and 50 percent of their total balances in a separate savings account. This money would then be used to settle their debts for an amount that was lower than what was originally owing. Keeping this information in mind, it is reasonable to expect that you may be able to reduce your debt by up to 45%, even after taking into account the normal settlement expenses of 15% to 25%.

Average Time for Relief

The debt settlement process offered by Accredited Debt Relief might take anywhere from 12 to 48 months to finish.

Cost

Accredited Debt Relief charges its clients 15% to 25% of the total amount of their registered debts after a settlement has been reached. This range of charge percentages is in line with industry standards. You should also be aware that until all of your financial obligations have been settled, you will not be required to make any payments toward any fees.

The Competition

Accredited Debt Relief

Freedom Debt Relief

Year Founded

2011

2002

Accreditation

-We have been granted accreditation by the American Fair Credit Council (AFCC)

-Accredited with the International Association of ProfessionaI Debt Arbitrators (IAPDA)

– Participant in the activities of the American Fair Credit Council (AFCC)

-Accredited with the International Association of Professional Debt Arbitrators (IAPDA)

Services Offered

Debt settlement

Debt settlement

Customer Service Touchpoints

Free consultation Phone and email customer service

The consultation does not cost anything at all. Telephone and electronic mail support for customers are also accessible. Internet-based access point for customers

Fee

No upfront fees Pay 15% to 25% of your debt

No upfront fees Pay 15% to 25% of your debt

Average Program Time

12 to 48 months

24 to 48 months

Although there are other reputable providers of debt relief from which to choose, we decided to contrast Accredited Debt Relief with Freedom Debt Relief since the latter is one of the most well-known companies in the debt settlement industry. Both of these companies offer fees that are comparable to one another (ranging from 15% to 25% of your total enrolled debt), and both of them may be able to aid you in settling your obligations and being debt-free in less than 48 months. Both companies have a robust presence on the internet and a great reputation for offering superior support to their clients.

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However, there are a few characteristics of Freedom Debt Relief that could stand out to you, the most important of which is perhaps their client dashboard. Through the use of this online portal, you will be able to log into your account and track the progress of the debt settlement process in real time.

However, Freedom Debt Relief has run across a few obstacles along the way. In particular, they were sued in 2018 on the grounds that they failed to provide appropriate information to their consumers and sought to seek advance fees. In addition, the lawsuit alleged that they demanded advance payments. After making payments totaling $25 million—$20 million in restitution, and $5 million in civil penalties and fees—Freedom Debt Relief was able to negotiate a settlement with the Consumer Financial Protection Bureau (CFPB) in 2019. 4

Because of this, Accredited Debt Relief came out on top in our impartial comparison, which took into consideration important factors such as accreditation, reviews, government actions, customer service, pricing, and a variety of other factors.

Verdict

Accredited Debt Relief is a company whose customer service and business reputation, as well as their general transparency, third-party rankings, and accreditation, give us reason to recommend them with full trust. Get in touch with this company for a no-cost consultation if you are struggling to repay unsecured debts totaling more than $10,000 and are unable to do so. In this manner, you will be able to acquire answers to your questions and assess whether or not debt settlement is the best option for you.

How We Review Debt Relief Companies

Investopedia created a ranking of debt relief companies based on a variety of criteria, some of which include customer service and overall satisfaction, business reputation, pricing and transparency, and accessibility. Companies who are open and honest about their costs and processes, as well as those that offer excellent customer service and a variety of different channels via which customers may obtain help, were given the best scores by our organization.

In addition to this, we looked at user reviews on Trustpilot to determine what previous customers liked and disliked about each business. Finally, in order to provide a basis for our internal evaluations and rankings, we analyzed these companies based on their performance in over twenty different categories.

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