Accredited Debt Relief
Pro: Nationally accredited; great customer reviews
Con: Only available for 34 states
Call now for your free consultation 1-(866) 819-5224
Accredited Debt Relief (ADR) is a debt settlement company that offers an array of services to those who find themselves owing too much debt to creditors. Services offered include debt consolidation, debt management, debt settlement, and a counseling service. Debt consolidation involves debt negotiation with your creditors to reduce interest rates and payments. As with all FTC regulated debt settlement firms and debt consolidation programs, ADR charges no fees until they receive a settlement offer for you. According to the Accredited Debt Relief website, consumers that make all of their monthly payments pay roughly 50% of their total enrolled debt before fees. After the fees, their payments will be anywhere between 68% to 75% of their enrolled debt over a 3 year period before becoming debt free.
In this review, we will focus on Accredited Debt Relief’s debt settlement program.
The Good
Accredited Debt Relief Highlights
- Excellent national accreditations
- Debt settlement firm that has been in business since 2004
- Overwhelmingly positive user reviews
Excellent National Accreditations
ADR has excellent accreditations. The company is accredited by the AFCC and IAPDA. These accreditations and certificates hold ADR to a higher standard, making them a trustworthy company for consumers to go for debt settlement services.
Free Consultation Offered
Company representatives of Accredited Debt Relief (ADR) help forgive debt every day and offer a free consultation designed to help people in credit card debt understand where they are financially and what options they have for reaching a credit card debt settlement and becoming debt free.
Positive User Reviews
In review after review of ADR, we see people praising them for their knowledgeable staff in their debt counseling services. Not only that, because debt settlement can be a sensitive topic, many reviewers reported how comfortable ADR representatives made them feel. In fact, the biggest complaint people had was they wished they had called ADR to obtain a debt settlement solution sooner.
Pricing and fees for Accredited Debt Relief vary by state. In general, you will pay anywhere between 4-8% annually of your total debt. The most that Accredited can legally charge a consumer is 25%. Most consumers typically pay between 15-25% (according to the company’s website). This is consistent with most debt settlement companies.
The Bad
Services from ADR are only available in 34 states. Other debt settlement companies are available nation-wide. You also have to settle at least $10,000 to even qualify for ADR’s debt settlement and debt counseling services. This limits the population who can use ADR. Additionally, ADR has only been in business since 2008, which may be a concern for consumers looking to work with the most established debt management companies with longer track records for their debt settlement programs.
We did find isolated reports from a couple of people who contacted ADR and wished the company had explained the entire settlement process, including how the debt management plan would affect their credit score along with more details surrounding the monthly payment amount, however, these experiences do not seem to be the norm.
- Service not available in all states
- Must have over $7.5k in unsecured debt to qualify
- Company has only in business since 2008
The Bottom Line
Accredited Debt Relief is a great option for those who find themselves with over $7,500 of debt. The company offers relatively low fees ranging between 15-25%. The company offers a free consultation and an online dashboard to help you track your debt settlement program progress. Overall, we recommend working with Accredited Debt Relief.
Contact Information
Website: accrediteddebtrelief.com
Hours:
Monday- Friday: 7:00 AM – 7:00 PM Pacific
Saturday and Sunday 8:00 AM – 5:00 PM Pacific
Address:
591 Camino De La Reina, Suite #818
San Diego, CA 92108
Time In Business
ADR has been in business for 12 years, and was founded in 2003.
Debt Education
There were no interactive tools on accrediteddebtrelief.com for potential clients to use, nor was there any indication that kits or workbooks might be available. They do, however, offer credit counseling services and consultations so they have somewhat of an educational offering. We would like to see them offer more training available on their site in addition to a blog.
Mobile Friendly
The website is mobile friendly. No mobile app is available for this company.
Cancellation Policy
Clients are allowed to terminate the program at any time. Charges are levied only for accounts that have been resolved.
Types of Services Available
It’s a bit hard to determine which services this debt relief company actually offers. The website lists the following services: Debt Consolidation, Debt Settlement, Debt Management, Credit Counseling, Bankruptcy. ADR will also offer help with creditor calls from lending companies, collection agencies, etc.
Online Dashboard
When a customer creates an account with Accredited Debt Relief, a personal client portal is set up so the customer can check the status of their account 24/7. This allows them to stay informed of any updates and settlement amounts.
Accreditations
Accredited Debt Relief is a member of the American Fair Credit Council(AFCC) and IAPDA.
Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback. Give feedback here.
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User Score101 people found this review helpful!Anton was very nice and professional explaining the service options available to help my husband and I resolve our debt.We are relieved to know help is available and are comfortable with the decision to enroll in your program.Was this review helpful? YesRead More
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User Score101 people found this review helpful!Was very nervous on the process my major reason was to increase my credit score. The interest rate and payment quote really met my budget and put me at ease. I am looking forward to the new credit future ahead. Maribel C. was very patient and put me at ease with the process and I am comforted to know that she is with me every step of the way and is available for my questions and concerns. Thanks guys and looking forward to the new credit futureWas this review helpful? YesRead More
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User Score101 people found this review helpful!My experience with Accredited Debt Relief so far has been great. I was very happy to start my Journey with Kelsey. She was very helpful ,patient, and polite. She was also reassuring which helped me to feel better about doing the debt relief program . And everyone else that I spoke to were the same way. It will be such a burden off my shoulders . Thanks to the team that we are working with ….Was this review helpful? YesRead More
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User Score101 people found this review helpful!Maribel C. proved to be a highly-qualified person. She was very courteous to me and took her time explaining everything to me. She has a quality of making you feel at ease and safe. Thank you for having such an exemplary employee.Was this review helpful? YesRead More
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Blog Post
- 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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