Is Accredited Debt Relief Legit: Who Can Benefit Most From It

Accredited Debt Relief stands out as a beacon of hope for those struggling with debt in the vast landscape of financial solutions. With many options competing for your attention, the key question is whether Accredited Debt Relief is the guiding star of legitimacy leading you toward financial freedom, or just another fleeting light in the darkness.

Embark on a journey through the debt relief world as we delve into real-world experiences and Accredited Debt Relief’s stellar reputation, uncovering whether it truly shines as a trustworthy guide in the financial universe.

>> Take Control of Your Debts With Accredited Debt Relief >>

What Is Accredited Debt Relief

Founded in 2011, Accredited Debt Relief is dedicated to helping individuals overcome their debt burdens by negotiating with creditors to reduce the total amount owed.

Since its inception, Accredited Debt Relief claims to have assisted over 200,000 people in resolving debts exceeding $1 billion. The company currently holds an impressive A+ rating from the Better Business Bureau (BBB). Accredited Debt Relief could provide a viable solution to help you regain financial stability if you’re struggling with debt.

Is Accredited Debt Relief Legit

Accredited Debt Relief is a reputable and trusted resource for individuals facing debt challenges. With over a decade of experience, the company has helped countless clients reduce their unsecured debt burdens. 

An A+ rating from the Better Business Bureau and accreditation from the American Association for Debt Resolution bolsters their credibility. Many positive customer reviews online further attest to their reliability and effectiveness in assisting those in financial distress.

Categories of Debt Addressed 

Accredited Debt Relief specializes in helping clients resolve unsecured debt, which includes any debt not backed by collateral. According to the company’s official website, here are the types of debt they can assist you with:

Credit Card Debt

Accredited Debt Relief can help negotiate settlements for your credit card debt, allowing you to pay less than the outstanding balance. This applies to debt from both major credit card issuers and local financial institutions.

Personal Loan Debt

Personal loans are unsecured installment loans from banks, credit unions, or online lenders. If you’re struggling with personal loan debt, Accredited Debt Relief may offer a solution to help reduce your outstanding balance.

Department Store Credit Debt

Debt from department store credit cards, which often have higher interest rates than standard credit cards, can accumulate quickly. Accredited Debt Relief can assist in negotiating a reduced settlement amount for this type of debt.

Medical Debt

Medical debt, including bills from doctors and hospitals, can be overwhelming, especially in cases of severe illness or injury. As unsecured debt, Accredited Debt Relief can help you negotiate and settle medical debt.

>> Check Out Accredited Debt Relief >>

How Accredited Debt Relief Functions?

When you enroll in the program offered by Accredited Debt Relief, you can expect the following steps:

• Initiate the Process: Start by registering for a complimentary consultation on the Accredited Debt Relief website.
• Consultation: Meet with a certified debt specialist who will thoroughly assess your financial situation. They’ll create a personalized plan tailored to your goals, monthly budget, and eligible debts. This plan may include actions like consolidating debts, securing lower interest rates, or reducing the principal amount owed.
• Savings Account: Set up an FDIC-insured savings account and make regular deposits according to your customized plan.
• Negotiation: Your designated debt specialist will work with your creditors to modify your loan terms. During this time, you‘ll need to wait patiently.
• Settlement Approval: If an agreement is reached, the specialist will seek your approval and use the funds from your savings account to settle the loan.
• Repeat Process: The specialist will continue this process until all your debts are resolved or deemed ineligible for resolution.

Keep in mind that the entire debt relief process can take one to four years, with initial settlements typically occurring within six to nine months. Therefore, immediate results should not be expected.

>> Consider Accredited Debt Relief >>

How to Register for Accredited Debt Relief?

If you have at least $10,000 in unsecured debt, you may qualify for Accredited Debt Relief’s services. To get started, you can call 800-497-1965 or follow these steps to complete the online form:

1. Visit the Accredited Debt Relief website.
2. Click on the “Get Started” button.
3. Enter the current amount of your outstanding debt.
4. Provide your personal details, including your name, phone number, email address, and state of residence, then click to obtain your quote.
5. Wait to be contacted by a debt relief specialist.
6. After your conversation with the specialist, you can make an informed decision about proceeding based on their recommendations.

Note that Accredited Debt Relief offers services to residents in 31 states and Washington, D.C. For the most current information on eligible states, please refer to their website.

Accredited Debt Relief’s Fee Structure

Accredited Debt Relief operates on a “performance-based” fee system, meaning you only pay if they successfully reduce your debt. The fee is a percentage of the total settled debt.

For instance, if you have $20,000 in enrolled debt and they settle one-quarter of it ($5,000), and the fee is 15%, you would owe $3,000 (15% of $20,000). If the fee is 25%, you would owe $5,000 (25% of $20,000).

This fee is deducted from your designated account after you and your creditors reach a new resolution for less than your original debt and you’ve made at least one payment toward it. If they cannot reduce a specific debt, it’ll be removed from your account, and your fees will be adjusted accordingly.

>> Take Control of Your Debts With Accredited Debt Relief >>

Who Would Benefit Most from Accredited Debt Relief?

Accredited Debt Relief is ideal for individuals with at least $10,000 in unsecured debt, including credit cards, medical bills, and payday loans, who seek to reduce their overall debt burden.

Note that fees are a percentage of the total enrolled debt, and the services may not be available in at least 19 states.

Pros & Cons of Accredited Debt Relief

The following are the advantages and limitations of engaging with Accredited Debt Relief:

Pros

• Proven Client Success: Accredited Debt Relief has received numerous positive reviews online and typically helps clients reduce their debt by around 55%.
• No Upfront Charges: You only pay for their services if they successfully lower your debt balances.
• Free Consultation: They offer a risk-free consultation to explain the process and answer any questions you may have.

Cons

• Limited Availability: Their services are only available in 30 states and Washington, D.C.
• Unsecured Debt Only: Their services don’t cover secured loans such as mortgages or auto loans.
• High Settlement Fees: Fees range from 15% to 25%, which can be significant depending on your debt.

Impact on Your Credit When Using Accredited Debt Relief

Engaging with any debt relief company, including Accredited Debt Relief, can negatively affect your credit score. This is because you’re usually advised to stop making payments on your enrolled debts during negotiations. 

This pause can cause your credit score to drop, lead to some debts going into collections, and, in extreme cases, result in legal action. However, if Accredited Debt Relief successfully reduces your total debt, your credit score should gradually improve over time as you repay your debts and make timely payments.

>> Consider Accredited Debt Relief >>

Accredited Debt Relief Reviews From Real Users – How Legit Is It?

To save you time, we have analyzed numerous online testimonials from real users of Accredited Debt Relief. Our aim is to provide a trustworthy assessment of the company’s reputation and effectiveness based on genuine customer feedback.

These reviews are sourced from Trustpilot.

Accredited Debt Relief boasts a 4.9-star rating from 5,323 reviews on Trustpilot, reflecting high customer satisfaction.

Alternatives to Accredited Debt Relief

Accredited Debt Relief specializes in debt settlement services. If you’re seeking alternatives, it’s essential to explore various debt relief options and providers. Here are some alternatives to consider:

Freedom Debt Relief

Related Post Link

Freedom Debt Relief is a solid alternative to Accredited Debt Relief. They focus on settling unsecured debts like credit cards and medical bills.

Their structured program usually lasts 24 to 48 months and features a user-friendly online dashboard for tracking progress. Freedom Debt Relief also prioritizes client education and credit rebuilding, making them a dependable choice for debt relief.

>> Consider Freedom Debt Relief >>

National Debt Relief

Related Post Link

National Debt Relief is a well-regarded debt settlement company that negotiates with creditors to reduce outstanding debt amounts.

Clients make regular deposits into a dedicated account while National Debt Relief works to negotiate settlements. While they have a strong reputation for helping clients achieve debt relief, it’s important to remember that debt settlement can negatively affect your credit.

>> Consider National Debt Relief >>

New Era Debt Relief

Related Post Link

New Era Debt Solutions is a robust alternative, offering a wide range of services to help individuals tackle financial challenges. They specialize in providing customized debt relief strategies and negotiating with creditors to lower balances and interest rates.

Their experienced team collaborates closely with clients to develop personalized debt management plans that consider each individual’s unique financial situation.

>> Consider New Era Debt Solutions >>

>> Take Control of Your Debt With Accredited Debt Relief >>

Bottom Line on Is Accredited Debt Relief Legit

In conclusion, Accredited Debt Relief is a legitimate and promising solution for individuals facing significant debt. The company offers a trustworthy path to financial relief with a stellar reputation, overwhelmingly positive reviews, and a transparent approach through its free consultation process.

Prospective clients can be confident that their financial well-being is in capable hands, making Accredited Debt Relief a viable option for those seeking assistance in managing their debt.

>> Consider Accredited Debt Relief >>