| Overview | |
|---|---|
| What is Rescue One Financial? | A debt resolution company that frames itself as an alternative to bankruptcy. The company works with your debtors to resolve for a fraction of what you owe. |
| Who is this program for? | This debt resolution program is for people who are either already delinquent on their accounts, or who are not able to meet their monthly payment. This program helps with unsecured loans, credit cards, medical bills, and autos in repossession. |
| How long will it take? | Program takes 24-48 months to complete. |
| How much will I save? | Rescue One will work with your creditors to resolve your enrolled debts for an average of 50% of what you owed. After their fees, you end up paying 68-85% of what you owed. |
| How must will it cost? | 18-35% of the debt you enroll. |
Pros
Industry Accreditations
Types of Services & Education Available
They offer some debt education to those in debt or worried that they may end up there again in the future. Those who are interested in debt education should express so during the initial consultation.
Multiple Payment Options
You can also speak to a financial consultant to help you determine which debt resolution and/or debt management plan is best for you before making your decision on which payment plan to go with.
Rescue One’s debt reduction program ranges between two and four years.
This makes for a quick debt resolution program and helps you get out of financial hardship faster than if you were to wait to pay your debts off at a slower pace.
Cons
Complaints and Reviews
Often their advertising tactics are confusing and vague. Some reviewers have applied to work with Rescue One Financial, been turned down, and then see a negative effect on their credit. Overall, people experience unclear communication and expectations of the company.
High Fees
Similar debt resolution programs charge a max of 25%. You may also pay a minimum fee of 18% of the total debt you enroll. The amount you are charged depends on what state you are in and how much debt you have.
Our Recommendation
Rescue One Financial is a younger company with mixed consumer reviews. With a high minimum debt requirement and costly fees, we recommend going with a more reputable company such as Freedom Debt and Pacific Debt Inc.
Top Lenders Rescue One Financial Works With
Capital One, Wells Fargo, Synchrony Bank, Citi Bank, AMEX, Bank of America, Discover, OneMain Financial, USAA, Lending Club, Prosper, and Best Egg.