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#31
Global_Client_Solutions

Global Client Solutions

Pro: No upfront fees
Con: No industry accreditations; no information on pricing given

Our Score
3.2
User Score
0.5
Our Score
3.2
User Score
0.5
Rank this Company

Ratings Breakdown

Price - % of Debt

Undisclosed

Accreditations

AFCC

Free Consultation

Unknown

Min. Debt Accepted

Unknown

Money-Back Guarantee

Unknown

Number of Reviews

4

This Review is maintained by

Review Last Updated: June 19, 2019

Global Client Solutions LLC is a third-party payment processor for consumers going through debt settlement. The online platform was founded in 2003 and is headquartered in Tulsa, Oklahoma.

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

#1

15-25%
$7,500

#2

15-25%
$10,000

#3

15-25%
$7,500

#31
Global_Client_Solutions

Undisclosed
Unknown

This is not a debt settlement company. It just processes payments for consumers that are enrolled in outside debt settlement programs. The purpose is to help people settling their credit card debt with an account to help save money and have monthly payments automatically distributed.

Many consumers will come across this company when working with another debt relief company. For example, National Debt Relief holds consumer funds at Global a settlement offer is reached with the debt collector or credit card company that the customer owes.

Read on for pros and cons, plus Global Client Solutions reviews from customers.

The Good

Dedicated Account

Global Client Solutions provides consumers with an online dedicated account for making loan payments to creditors. It 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.

View Best Debt Relief Companies

The Bad

  • Complaints & Reviews
  • No Debt Negotiation or Relief Services
  • Illegal Upfront Fees
  • Numerous Processing Fees
  • Website Transparency

Complaints & Reviews

Global Client Solutions reviews on Best Debt Companys are mostly negative – the company is rated 1.4 out of 10. The biggest complaint about Global Client Solutions appears to be customer service – no ability to get ahold of a live person and a slow response rate.

No Debt Negotiation or Relief Services

Global Client Solutions does not offer negotiation services to help consumers reduce the total amount of debt owed. You will still need another company to help negotiate and get settlement offers from your creditors.

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 allegedly charged consumers illegal upfront fees since late 2010. Global Client Solutions was asked to stop 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, including a 2011 lawsuit regarding numerous service fees on the company’s special purpose accounts. 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 a $15 fee per wire transfer. Other various fees were also involved.

Website Transparency

The Global Client Solutions website contains very little information about the company, its fees, and practices. It is basically a site with contact information to help you get in touch with the customer service, sales, and support teams, or login to access an existing consumer account. It doesn’t even let Google crawl to create a page description.

The Bottom Line

Due to the significant legal problems, high costs, and the fact that this company merely processes payments, rather than offering to negotiate for consumers, we recommend going with a more reputable debt settlement company such as Freedom Debt Relief, and Pacific Debt Inc.

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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4 Global Client Solutions Reviews

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  1. User Score
    1
    February 13th, 2019
    0 people found this review helpful!
    I need my billing papers to show my tax people and do not know how to get them as I paid monthly for 1 yr cancelled as creditors received nothing and I got back less than half paid.
    Read More
  2. User Score
    1
    February 12th, 2019
    0 people found this review helpful!
    I signed a promised debt settlement and paid $340. for a yr and $500. last 2 months, I cancelled as all 4 cards received nothing as they kept it as fees monthly, they only would pay back $1000. I ended up settle my own debts in 4 months, but have no way to get my records from Global of money paid so I can file taxes on the charge off from cards.
    Read More
  3. User Score
    0
    October 20th, 2018 Jeddo, MI
    2 people found this review helpful!
    The phone number don’t work. I cancelled 1 day after signing up. They told me I had 30 days to cancel. I had to pay my back 30.00$ to get my money back after I talked to them 3 times and emaild them 4 times to cancel my debt relief. Lies lies lies lies lies lies lies
    Read More
  4. User Score
    0
    August 11th, 2018 Coldwater, MI
    3 people found this review helpful!
    what a joke the fees they take is total BS! you basically pay the same amount you owed the credit card company and Global Client Solution takes about half!
    Read 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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Our Score
3.2
User Score
0.5
Rank this Company

Ratings Breakdown

Price - % of Debt

Undisclosed

Accreditations

AFCC

Free Consultation

Unknown

Min. Debt Accepted

Unknown

Money-Back Guarantee

Unknown

Number of Reviews

4
Our Score
9.1
User Score
9.1
Rank this Company

Ratings Breakdown

Price - % of Debt

15-25%

Accreditations

AFCC & IAPDA

Free Consultation

Yes

Min. Debt Accepted

$7,500

Money-Back Guarantee

Yes

Number of Reviews

1,170