Accredited Debt Relief
Nationally accredited debt relief company specializing in debt settlement. Positive customer reviews of company agents.
Accredited Debt Relief (ADR) is a debt management company that offers an array of services to those who find themselves owing too much debt to creditors (most often credit card companies). Services offered include debt consolidation, debt management, debt settlement, bankruptcy, and credit counseling service. Counselors work with each individual’s unique financial situation to choose a service. As with all FTC regulated debt settlement firms, ADR charges no fees until they receive a settlement offer for you.
According to the Accredited Debt Relief’s 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.
The Good
Positive Accredited Debt Relief Reviews
- Professional agents
- Helpful customer service reps
- Informative
In the last year, 99% of the reviews posted on BestDebtCompanys.com have been positive. Most positive reviews for Accredited Debt Relief are related to the customer service people receive. Accredited Debt Relief’s agents are described as patient, helpful, and professional. Reviewers also say that these professionals are able to answer all the questions they have about their financial hardship and specific situations. The processes of settling debts is very detailed and informative.
Not only that, but because debt settlement can be a sensitive topic, many consumers 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.
Positive review highlight from Ed Romero, 3/17/19
Karina R is a true professional in her field. She explained all details to me clearly, and empathized with my situation. She followed up regularly and was always kind and courteous. She answered all my questions and when I had a doubt she addressed it. Looking forward to a great start.
Free Consultation Offered
Company representatives of Accredited Debt Relief help forgive debt every day and offer a free consultation designed to help people with credit card debt understand where they are financially and what options they have for reaching a credit card settlement and becoming debt free.
Accredited Debt Relief doesn’t just offer one service they try to sell you on. They listen to each individual and make recommendations on a case-by-case basis. For example, if debt settlement isn’t right for you, they may offer another debt relief option:
- Bankruptcy
- Credit Counseling
- Debt Consolidation
- Debt Management
Whatever debt option you pick, Accredited Debt Relief’s goal is to lower monthly payments and interest rate, help with calls from creditors and collection, and simplify the process of becoming debt free.
After a free consultation, customers can stay up-to-date on the status of their account with ADR’s online dashboard (personal client portal). Customers can check the status of their account 24/7. This allows them to stay informed of any updates and settlement amounts.
Lower Customer Debt
ADR starts negotiating lower payments with credit card companies within one to two weeks after signup. On average, those who use ADR’s debt settlement program pay off their debt in 2 to 4 years, but the first settlement can happen in as little as 3 months. Only in extreme cases do creditors not allow settlement. A creditor’s overall goal is to get paid, so they are often pleased with any sort of payout over a bankruptcy option. Some of the creditors that ADR has successfully worked with include:
- American Express
- Bank of America
- Barclays
- CapitalOne
- Chase
- Citibank
- GE Capital
- HSBC
- Sears
- The Home Depot
- USAA
- US Bank
- Wells Fargo
Accredited Debt Relief’s website says that clients pay back an average of 50% of the debt they enroll. After fees, that number increases to 68-75%. So those who currently pay $600 a month towards their debt or credit card, end up paying about $304 a month when they sign up for Accredited Debt Relief.
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 a debt management plan. The company also follows and outlines FTC guidelines on its site.
The Bad
Minimum Debt Requirement
Anyone who wants to work with Accredited Debt Relief must have a minimum of $10,000 in unsecured debt. Unsecured debts typically include credit card, medical bills, utility bills, wage garnishments, back rent, student loans, and sometimes personal loans. On the other hand, ADR and most debt settlement companies do not work with secured debts. Secured debts are backed by collateral. So if the borrower is unable to pay back a secured debt, the lender can seize their property or whatever they used as collateral for the loan. Secured debts include mortgages, auto loans, and business loans.
There are a limited number of debt settlement companies that will accept less customers with less than $10,000 in unsecured debts. For those who have small debts, ADR may recommend another type of debt relief program.
Only Available in Select States
Accredited Debt Relief is only available in the following 28 states: AL, AK, AZ, AR, CA, FL, ID, IN, IA, MD, MA, MI, MS, MO, MT, NE, NV, NM, NY, NC, OK, PA, SD, TN, TX, UT, VA, and WI.
The Bottom Line
With costs and industry accreditations, Accredited Debt is on par with the top debt relief companies in the industry. The company charges 15-25% of the total debt you enroll. Most companies charge the same fees, maxing out at 25% to comply with consumer laws. They accept a minimum debt of $10,000 to start, again similar to other debt relief companies. What really sets Accredited Debt Relief apart is their extraordinary customer service, as outlined in almost every customer review below. If you live is a state that Accredited Debt Relief operates in, we highly recommend working with them.
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User Score100 people found this review helpful!I’m very excited to be starting this journey with Accredited Debt Relief. Coming from a family that has had credit card trouble, its no surprise I fell into the trap. Sonny was very helpful and reassuring and answered all of my questions. I was very nervous doing a debt relief program, I was scared to sign up for something that hurt me in the long run. I’m excited to be able to put this debt behind me.Was this review helpful? YesRead More
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User Score21 people found this review helpful!I called for the first time and spoke to Branden,I asked how the program worked as well as what percentage he would be getting paid. He was not very understanding of my question when I ask him the percentage he would be making. Please be aware of these programs and when is it that your bills will start being paid. I will call my creditors myself and see if they can help me. Look up the information on representing yourself that way you do not have to pay them and then still have bad credit.Was this review helpful? YesRead More
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User Score216 people found this review helpful!BUYER BEWARE!
Some things about Accredited Debt Relief and other debt relief companies in general.
First and most important, when you stop paying your creditors and start paying ADR,
ADR does not report to any of the credit agencies about you paying monthly. The creditors
do report and in most cases show you are 120+ days past due. This not only affects your
credit score, bit more important, your credit history. Because of this, I was unable to get
any type of loan to pay off my note with New Credit America. FYI, NCA charges 29% interest rate Your credit is ruined for life. Second, when ACR settles with a creditor, the dollar amount settled on is considered income and is taxable at years end. Big surprise. Nothing ever mentioned on either points. Hope anyone considers these points before considering a debt relief company.Was this review helpful? YesRead More -
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User Score104 people found this review helpful!The past year has been emotionally and financially defeating and has left me feeling destroyed. Out of desperation I found Accredited Debt Relief on the internet and from the moment Karina Ramos and I started talking I felt as though there may be hope again. She answered all of my questions and at no time made me feel judged or demeaned for my current situation. She was incredibly supportive and encouraging and I will be recommending ADR to anyone needing help when conventional help (ie, banks and other financial institutions etc) are unwilling.
DominicaWas this review helpful? YesRead More
- 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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438 Accredited Debt Relief Reviews