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Our Score

PROS

N

Large company with considerable experience

N

Great debt consolidation options

N

Great debt settlement options

N

Great education options

N

Stellar customer service record

N

Considerable online capabilities

CONS

M

Don’t work with every state

Having an unmanageable amount of debt is a stressful and traumatic experience. You have numerous credit card accounts and maybe even unsecured loans. Debt can add up before you realize it. Then, all of a sudden, your bank account has almost no money, and you are really struggling to pay the bills. This scenario is too common among citizens of the country. Many people are at a loss on where to turn in order to get some much-needed help. One good option for financial relief is debt consolidation.

Debt consolidation can merge all your payments into a single, easy-to-pay payment structure. It can also help refinance your current debt so that you are paying a single, lower interest rate that is more affordable for you and your family. If debt consolidation isn’t an option due to financial reasons, there is also debt settlement, which many companies also offer. This is the process of coming to an agreement with your lender to only pay back a portion of the amount that you owe.

One of the most prominent companies that is operating in both of these spaces is Accredited Debt Relief. They offer a range of financial services that include debt consolidation and debt settlement. This review will take a look at whether or not you should use them to help you escape your high-interest debt.

Overview

Accredited Relief is a business that provides debt consolidation services to people in the United States. With debt consolidation, you can get rid of making payments to multiple creditors. You will be making one lower monthly payment to Accredited Relief. This service also allows you to lower your interest rate. By only making one monthly payment, your bills will be much easier to manage. Hopefully, you can avoid delinquencies by getting your bills paid on time. This is the most popular service that Accredit Debt Relief provides for their customers.

If you don’t think that you are able to refinance or consolidate your debt, Accredited Debt Relief will look at your finances and how much you owe to your creditors. The business will come up with a plan to eliminate your debt as soon as possible. Debt settlement is often a last resort you can take to help eliminate some of your debt and get your life back on track. You can obtain a free consultation to see what can be done for you. If debt settlement is right for you, Accredited Debt Relief will enroll you into their program. The company will immediately begin negotiating with your creditors to lower your interest rate and eliminate fees. The program usually takes between 2 to 4 years to complete. You do not pay any upfront fees.

Accredited Debt Relief will work with unsecured debt. This could include credit cards, unsecured loans, and medical bills. You must have $7500 in debt to be enrolled in the program. Accredited Debt Relief operates in 49 states, so most of the country will be eligible. After enrollment, you will be assigned a personal account manager who will walk you through every step of the program.

Accredited Debt Relief also offer some awesome education tools that can help you take back control over the debt problems in your life. Check out their website if you want to learn some more about how to practice good financial behavior.

 

Critics

One of the best ways to ensure that you don’t end up using a bad company is to check what past clients have thought of their work. When we review debt consolidation companies, we make sure to check what type of track record they have. Being unaware of bad performers can put you at risk for nasty surprises. Considering how important it is for you to reduce your debt, you need to make sure that you’ve done the due diligence to understand their client history. We’ve checked a few of the major consumer watchdog groups to make sure that Accredit Debt Relief is operating ethically with their customers. Summaries of our findings are provided below.

 

Better Business Bureau

The Better Business Bureau (BBB) has awarded Accredited Debt Relief with an A+ for debt consolidation and relief services. They have a 4.9/5 from their customer reviews. This is a great rating that displays a clear commitment to customer satisfaction. The BBB is one of the most respected consumer watchdog groups in the nation. They provide a way for consumers to keep companies in check – they also mediate disputes between companies and consumers.

 

Consumer Affairs

Consumer Affairs is another watchdog group that has a great track record for keeping businesses accountable. They also have a way for past clients to be able to review the performance of a company they’ve dealt with. Consumer Affairs also points to the fact the Accredited Debt Relief has an outstanding track record with clients. They have achieved a 4.6/5 rating with their client base.

 

Verdict

If you’re looking for a company that provides multiple debt solutions, Accredited Debt Relief is a very viable option. On top of having great resources, they also have awesome track records with multiple consumer watchdog groups.

If you’re looking to learn more about your options when it comes to reducing your debt, we highly recommend you head to their website and check out some of their information. You can also schedule an appointment with them to help you get a better understanding of which route is most preferable for you.

As with any financial decision, the earlier you take care of business the more likely you are to save money. Chances are you’ve been overpaying for your debt for a number of years now, consolidation would likely help you move forward financially. The longer you wait, the longer the consequences will be. Accredited Debt Relief could be the perfect company to help you move forward.