Accredited Debt Relief
Pro: Nationally accredited; great customer reviews
Con: Only available for 36 states
Call now for your free consultation 1-(866) 819-5224
Accredited Debt Relief (ADR) offers an array of services to those who find themselves in too much debt. Services offered includes credit counseling, consolidation, debt management, and debt settlement. As with all FTC regulated debt settlement companies, the ADR charges no fees until they reach a settlement agreement for you. According to the Accredited Debt Relief website, clients that make all of their monthly payments pay roughly 50% of their total enrolled debt before fees. After the fees, they will pay anywhere between 68% to 75% over a 3 year period.
This review we will focus on Accredited Debt Relief’s debt settlement program.
ADR has excellent accreditations. The company is accredited with the AFCC, and IAPDA. These accreditations and certificates hold ADR to a higher standard, making them a trustworthy company to go with for debt settlement needs. Company representatives of Accredited Debt Relief (ADR) offer a free consultation designed to help people in debt understand where they are financially and what options they have for getting out of debt. In review after review of ADR, we see people praising them for their knowledgeable staff. 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 sooner. Pricing for Accredited Debt Relief varies 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).The Good
Accredited Debt Relief Highlights
Excellent National Accreditations
Free Consultation Offered
Positive User Reviews
Services from ADR are only available in 36 states. You also have to settle at least $10,000 to even qualify for ADR’s services. This severely limits the population who can use ADR. Additionally, ADR has only been in business since 2008, which may be a concern for those looking to work with the most established companies with longer track records. We did find isolated reports from a couple of people who contacted ADR and wished the company had explained the entire settlement process, specifically what to expect in more detail. However, these experiences do not seem to be the norm. 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 progress. Overall, we recommend working with Accredited Debt Relief.The Bad
The Bottom Line
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 Score100 people found this review helpful!Steven C was amazing with his approach to my debt issues. I did not feel pressured and felt very comfortable making the decision to work with Accredited Debt Relief.
Thank you Steven for your help, I am excited to have my credit restored.Was this review helpful? YesRead More -
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User Score91 people found this review helpful!This was a hard decision necessitated by an extremely hard situation that extends beyond the financial challenges. The account executive I worked with was great and seemed to understand I was struggling with the decision. I never felt like he was pushing me to do something but provided me with the information I needed to make the final decision. I will be forever grateful to him for his patience and guidance.Was this review helpful? YesRead More
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User Score81 people found this review helpful!So far, I have nothing but rave reviews for ADR, and Jonathan for getting me started in their program. My only problem, was that noone told me to contact my creditors about stopping taking payments from my bank account. This caused undo hardship, because I got hit with overdraft fees, and sometimes the bank would actually make a payment to the creditor when I had asked them not toWas 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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