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Global Client Solutions | BestDebtCompanys.com
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#46
Global Client Solutions | BestDebtCompanys.com

Global Client Solutions

Pro: No Up Front Fees
Con: No industry accreditations; no information on pricing given

Our Score
1.7
User Score
--

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Our Score
1.7
User Score
--
Rank this Company

Ratings Breakdown

Price

% of total debt
Undisclosed

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Unknown

Time in Business

total # of years
13 Years

Min. Debt

Min. debt accepted
Unknown

Guarantee

money back guarantee?
Unknown

Number of Reviews

User reviews here on BDC
0

This Review is maintained by

Review Last Updated: February 15, 2017

Global Client Solutions operates as a third-party payment processor for consumers currently enrolled in debt settlement programs throughout the United States. The account management company was founded in 2003 and is headquartered in Tulsa, Oklahoma. Global Client Solutions offers consumers a Dedicated Account savings solution to help them reduce and settle their outstanding debts.

Global Client Solutions does not appear to have any outside awards, accreditations, or accolades from industry leaders, as the debt settlement company’s profile is being reviewed and updated. The company does not offer a money-back guarantee on its products and services and there is mainly negative feedback online concerning the overall customer service Global Client Solutions provides.

Rank Chart
Price (% of debt)
Smallest Debt Accepted
Review

#1

15-25%
$7,500

#2

15-25%
$7,500

#3

15-25%
$7,500

#46
Global Client Solutions | BestDebtCompanys.com

Undisclosed
Unknown

The Good

Dedicated Account

Global Client Solutions provides consumers with an online Dedicated Account that can be accessed anytime day or night. This savings account allows consumers to safely accumulate, disburse, and track funds for debt settlement purposes. All accounts established through Global Client Solutions are fully insured by the FDIC.

Debt Relief Program

Global Client Solutions helps consumers settle outstanding debt through a Special Purpose Account in its debt relief program. The company withdraws a specific agreed amount monthly for the consumer’s bank account and deposits it in the Special Purpose Account to be disbursed to creditors. Creditors are allowed to see the account balance only to assist in the execution of settlements for accrued debts.

Full Customer Service Support

The account management company provides a toll-free phone number on its corporate website where consumers can contact a customer service representative during normal business hours with any questions they may have. Customers are given a Settlement Advisor to contact if any issues arise during the debt settlement process.

The Bad

No Debt Negotiation Services

Global Client Solutions does not offer negotiation services to help consumers reduce the total amount of debt owed. It appears to only provide a special account where consumers can manage funds and learn how to control their spending patterns.

Illegal Upfront Fees

Global Client Solutions was charged with an enforcement action in 2014 from the Consumer Financial Protection Bureau (CFPB). The CFPB claimed that the company alleged charged illegal upfront fees to consumers since late 2010. Global Client Solution was asked to halt all illegal activity and pay consumers over $6 million in relief and $1 million in civil penalties.

Numerous Processing Fees

Global Client Solutions has received numerous complaints and a lawsuit filed against it for the various fees involved in its processing services. According to a 2011 lawsuit, plaintiffs stated that signing a special purpose account application authorized the company to charge a one-time account fee of $9, a $9.85 monthly service charge, and $15 per wire transfer. Other various fees were also involved as well.

The Bottom Line

Global Client Solutions assists consumers in the United States with third-party payment processing services for debt settlement. The company offers a Dedicated Account that gives consumers full control and complete access to their account. The company offers full customer support services to answer any questions or handle any issues that may arise. However, the company charges numerous upfront fees and does not negotiate settlements. Global Client Solutions does not offer a refund policy and there are numerous complaints against the company online


About Global Client Solutions

Global Client Solution offers an account management solution for paying off overdue debt. However, it does not negotiate settlements and is not affiliated with any other debt settlement company. Global Client Solutions works with a variety of unsecured debt, but does not work with payday loans. The company charges upfront administrative fees as well as numerous monthly processing fees. The company offers a unique Dedicated Account that gives the consumer complete control over their funds.

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Poll

  • When looking for a debt settlement company, which of these two aspects is most important to you?
  • 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
1.7
User Score
--
Rank this Company

Ratings Breakdown

Price

% of total debt
Undisclosed

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Unknown

Time in Business

total # of years
13 Years

Min. Debt

Min. debt accepted
Unknown

Guarantee

money back guarantee?
Unknown

Number of Reviews

User reviews here on BDC
0
Our Score
9.5
User Score
9.6
Rank this Company

Ratings Breakdown

Price

% of total debt
15-25%

Accreditations

AFCC or IAPDA
AFCC & IAPDA

Free Consultation

is one included?
Yes

Time in Business

total # of years
14 Years

Min. Debt

Min. debt accepted
$7,500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
285