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Progressive Debt Relief Reviews | BestDebtCompanys.com

Progressive Debt Relief

Unlike many other companies, Progressive Debt Relief does not charge any upfront fees. The company also offers a free consultation to get started.

Our Score
2.8
User Score
--
Our Score
2.8
User Score
--
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Undisclosed

Setup & Activation Fee

None

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

No

Number of Reviews

0

This Review is maintained by Chase Sagum

Review Last Updated: June 26, 2019

Progressive Debt Relief places the highest priority on the financial success of its customers. Since 2005 the company has been aiding people with major debt problems to help navigate their way out and to find financial freedom. Over the last decade of service, Progressive has built positive relationships with its customers as well as creditors. When all parties can compromise on a satisfactory solution, Progressive counts this as a success. The company’s focus on customer satisfaction and positive experiences put Progressive in a different category among its industry peers.

Rank Chart
Monthly Price
Accreditations
Review

#1

Up to $79
FCAA & ISO

#2

$10-$40
AFCC & IAPDA

#3

Up to $49
ISO

#26
Progressive Debt Relief Reviews | BestDebtCompanys.com

Undisclosed
N/A

Pros

Personal Financial Analysis

The free consultation that Progressive offers its customers is much more in-depth than other debt solution companies. Progressive offers consultations with certified counselors. During the consultation, a customer will get a personal financial analysis. This analysis takes an overall look at the financial issues and the solutions to fix them.

Negotiation

Progressive’s debt counselors have worked to build positive relations with their clients and creditors. This two-way relationship helps them to get to come to a conclusion quickly. This allows for the customer to begin their repayment plan.

No Up-front Fees

There are no upfront fees to enroll in Progressive’s programs. This is extremely generous and uncommon in the industry. Most companies charge an up-front fee up to $50. These fees are determined by the individual’s circumstances and the state they live in. Potential customers who choose to work with Progressive do not have to worry about this fee.
Best Debt Consolidation Companies

Cons

Lacking Transparency

There is no pricing information given to the customer who is researching Progressive, other than the statement declaring there are no up-front fees. The monthly fees a customer will be required to pay will be discussed after the debt management plan is already in place. This can be very inconvenient for potential customer’s who are searching for the company that best fits their needs. It is also difficult for our team to rank the company without this pertinent information.

Minimum Requirements

In order to receive help with a debt issue, a customer must have at least $10,000 of debt to work with Progressive. This requirement restricts those customers who have less debt, but need help managing their situation. It is not uncommon for companies to require a minimum debt requirement, but $10,000 is high in the industry.

Missing Accreditations

There are several organizations that debt consolidation companies can be accredited by to ensure quality standards and that industry best business practices are being used. Unfortunately, Progressive is not accredited by any such organizations. This is not a deal breaker but should be considered by potential customers.

Our Recommendation

There is a major lack of transparency with important information such as monthly fees and average interest rates. In order for the customer to really get a sense of what services they would be receiving, they would need to do a lot of in-depth research and talking with previous clients. Another issue is that Progressive is not accredited by any major organizations and so customers can’t be sure of the quality of services. For these reasons, we cannot recommend working with Progressive Debt Relief at this time.

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Progressive Debt Relief FAQ

Progressive Debt Relief has been aiding people with financial issues since 2005. They recognize that no two customers will have the same debt scenario in their lives, therefore they treat each individual’s situation with personalized care. Progressive offers their customers many options for working towards financial freedom. In the company’s free consultation session, a customer will receive a plan for how they can get out of debt. This could be debt settlement, debt repayment plan, debt management plan, or bankruptcy. After the consultation, the customer can choose to use Progressive’s help to work through their financial issues.

How much does Progressive Debt Relief cost?

The monthly price is not disclosed on the website at this time. There are no upfront fees for Progressive Relief customers, they are not charged anything until a payment has been made on a debt.

Do they offer a free consultation?

Anyone who is interested can get a free consultation call with a Progressive Relief expert. During this call they will get a Personal Financial Analysis which goes over the issues and solutions for each case.

How long have they been in business?

Progressive Debt Relief has been providing debt relief services since 2005.

What is Progressive Debt Relief’s cancellation policy?

There is no cancellation policy for Progressive Relief services, customers can opt out at any time.

What accreditations do they have?

Progressive Debt Relief is not CPFC certified at this time. Progressive Debt Relief is not ISO certified at this time.

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  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

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Our Score
2.8
User Score
--
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Undisclosed

Setup & Activation Fee

None

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

No

Number of Reviews

0
Our Score
9.1
User Score
9.4
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Up to $79

Setup & Activation Fee

$0-$49

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

Yes

Number of Reviews

430