Best Debt Relief (ES)
Based on In-Depth Reviews

Accredited Debt Relief Overview:

Accredited Debt Relief, a division of Beyond Finance, LLC, has been assisting individuals in managing and reducing unsecured debts since 2011. With accreditations from the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA), the company specializes in negotiating with creditors to settle debts for less than the amount owed. Clients typically repay about 55% of their enrolled debt balances, excluding fees. 

Eligibility Criteria:

To qualify for Accredited Debt Relief's program, individuals should have at least $10,000 in unsecured debt, such as credit cards, personal loans, or medical bills. The program is designed for those experiencing financial hardship and seeking an alternative to bankruptcy or debt consolidation loans. 

Program Process:

Upon enrollment, clients make monthly deposits into a dedicated account. As funds accumulate, Accredited Debt Relief negotiates with creditors to settle debts. Clients approve all settlement offers before funds are disbursed. The program typically spans 24 to 48 months, depending on the client's debt load and ability to save. 

Fees:

Accredited Debt Relief charges fees ranging from 15% to 25% of the enrolled debt amount. Importantly, no fees are collected until a settlement agreement is reached, approved by the client, and at least one payment has been made toward the settled debt. 

Impact on Credit:

Participation in a debt settlement program can initially have a negative impact on credit scores, as clients may need to pause payments to creditors during negotiations. However, as debts are settled and paid off, clients can begin the process of rebuilding their credit. 

Customer Support:

Accredited Debt Relief provides clients with access to certified debt specialists and a user-friendly online dashboard to track progress. Their customer service team is available via phone and email to address concerns and guide clients through each step of the process.

Founded in 2020, Simple Debt Solutions helps consumers with $10,000 or more in debt reduce the cost of servicing that debt by offering debt consolidation loans. For consumers who carry a lot of high-interest credit card debt, debt consolidation loans are a way to make monthly payments affordable, reduce the amount paid in interest, and avoid the expensive late fees levied by credit card companies. Simple Debt Solutions is located in Encino, California.

JG Wentworth gets high marks from us for its great online reputation, transparent debt relief process and no upfront fees. The company offers free initial consultations and is ideal for people $15,000 in debt or more. If you feel JG Wentworth could help you with your unsecured debt, we recommend you request a free consultation to make sure the company is right for you.

JG Wentworth's debt relief program works by helping you assess your overall debt and organize one monthly program payment into an account that you control. JG Wentworth's negotiates on your behalf to lower your enrolled debt and keep in touch with you every step of the way to give you updates and keep you in the loop.

If you have unsecured debt totaling $10,000 or more, you may qualify for JG Wentworth's debt relief program. People with secured debt do not qualify for the company's debt relief program and would have to look into other options. JG Wentworth's fees are performance-based, ranging from 18% to 25% of your enrolled debt. The percentage may vary by state and debt load and the debt savings goal does not take it into account.