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#25
ooraa_review

Ooraa.org

No BBB Rating, Average Pricing

Our Score
3.8
User Score
10.0

Visit Site

Our Score
3.8
User Score
10.0
Rank this Company

Ratings Breakdown

Price

% of total debt
20%

Accreditations

AFCC or IAPDA
IAPDA

Free Consultation

is one included?
Yes

Time in Business

total # of years
7 Years

NR

Min. Debt

Min. debt accepted
$4,000

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
2

This Review is maintained by

Review Last Updated: July 26, 2016

Ooraa is a company specializing in debt settlement offering a unique international reach of their services across the U.S., Canada, New Zealand, and Australia. Its settlement services are right in line with other companies in the industry, bringing competitive rates to consumers under the heavy constraints of debt. 

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

#1

15-25%
$7,500

#2

15-25%
$7,500

#3

15-25%
$7,500

#25
ooraa_review

20%
$4,000

The Good

When comparing debt settlement companies, you’ll notice that Ooraa charges a slightly lower fee – 20% of a client’s total debt. They also require less debt to begin than other companies do. A minimum of $4,000 in unsecured debt will qualify consumers for Ooraa’s settlement services and clients are under no obligation to settle for any particular amount and are able to cancel services without penalty.

Ooraa is a certified member of the IAPDA (International Association of Professional Debt Arbitrators), meaning staff and negotiators have undertaken courses and certification in handling unsecured debt settlement.

Explanations about settlement and bankruptcy, as well as other debt relief options specific to medical bills and tax relief, can be found within their company website. They lay out the step-by-step process of their settlement program for prospective clients, including the necessary actions the client must take regarding paperwork and final settlement payments.

Oooraa’s highlights includes:

  • Variety of educational material
  • $4,000 minimum debt
  • Free consultation
  • Low minimum debt
  • IAPDA accredited

The Bad

While Ooraa.org is a member of the IAPDA, they are missing several other key accreditations, including those given by the AFCC, and BBB. The potential risk to signing with this company is their lack of credible company information.

Within our research and communications with company representatives, we discovered Ooraa also has the same number and address as a company called Settlement Processors. We attempted to do some research on this company to validate any possible affiliation with Ooraa and our calls or messages were never returned. It was difficult to verify where the business is located, as they have several alternate addresses listed within company websites and social media pages. We also saw ties to Vantage Acceptance, Inc, leaving us further confused to what this company is really about.

More questions we cannot answer about Ooraa include:

  • When the business was founded
  • How big their company is
  • Who owns / runs Ooraa
  • Whether or not they have a money back guarantee

Compare to the top rated debt settlement companies

The Bottom Line

While this company may be able to provide settlement services at a standard rate, we feel they are lack company transparency. They are not accredited with the AFCC or BBB, which is another cause for concern.

On a more positive note, we did see a few real client reviews scattered around the web with high ratings and complete satisfaction. The company fees are competitive although we are a little dissatisfied that information pertaining to a personal bank account must be given to them in order to draft funds to yet another escrow account. Taking advantage of the free consultation may help determine if this company qualifies settle your unique debts.

Click Here for Our Top Recommended Debt Settlement Providers.

Contact Information

Website: ooraa.org
Email: [email protected]
Phone: 888-888-9914
Hours:
Mon – Fri: 8am – 10pm (EST)
Saturday: 9am – 9pm (EST)
Address:
109 E 17th Street, Suite 80
Cheyenne, WY, 82001

How Much Does Ooraa.org Cost?

Clients pay the company 20% of their total debt amount to cover the services rendered, a pretty standard price for debt settlement companies. This fee is included within the monthly payments that are set aside in savings and will be collected only after each of your accounts is successfully settled. There are no consultation, upfront, or cancellation fees—only the flat-rate percentage program payment.

Are There Any Up-Front Fees?

None.

Can I Get A Free Consultation?

Yes. Ooraa.org offers a free consultation.

Does Ooraa.org Offer A Money-Back Guarantee?

Clients may cancel without a penalty and may keep the savings that they have accumulated. Ooraa will only collect the 20% service fee for the accounts that have been settled successfully. For example, if a client has 4 credit cards that need to be settled and he or she cancels after 2 have been settled, Ooraa will charge the 20% fee for the 2 cards that have been settled, but not for the other 2.

What Types of Debt Does Ooraa.org Work With?

Clients may cancel without a penalty and may keep the savings that they have accumulated. Ooraa will only collect the 20% service fee for the accounts that have been settled successfully. For example, if a client has 4 credit cards that need to be settled and he or she cancels after 2 have been settled, Ooraa will charge the 20% fee for the 2 cards that have been settled, but not for the other 2.

About Ooraa.org

Ooraa.org is a matching service that helps clients find a program that meets their specific needs. The company offers debt settlement programs for consumers that feel overwhelmed and are considering bankruptcy as a final option.

Time in Business

7 Years. Ooraa was established in 2008. Though it is a relatively newer company, they have had decent success in negotiation and settlement, with documentation of some impressive results. Ooraa is a certified member of the International Association of Professional Debt Arbitrators.

BBB

No BBB rating. Though it has not been rated by the BBB, the BBB did note that Ooraa made a good faith effort to resolve a customer complaint that was filed on the BBB site. This effort speaks well for them.

Debt Education

Ooraa’s website could offer more in the way of debt education. With that said, there are decent explanations about settlement and bankruptcy, as well as other debt relief options specific to medical bills and tax relief. Ooraa does a good job of laying out the step by step process of their settlement program for prospective clients, including the necessary actions the client must take regarding paperwork and final settlement payments—details that may be mere technicalities, but nonetheless are important for clients to understand prior to enrolling in a settlement program. Additionally, Ooraa provides several financial calculators that can aid consumers in determining various savings amounts, interest rates, and mortgage limits. The following calculators are available for use: auto loan, credit card, investment savings, new house mortgage limits, refinance, and simple savings from a deposit.

Mobile Friendly

The company does offer a mobile friendly website, but the desktop interface isn’t particularly user-friendly in general. It’s good to see that someone is managing the company’s Facebook page. Social engagement, or at least an effort towards it are helpful.

Services Available

Ooraa offers debt settlement. Settlement isn’t the best solution for everyone, but it is worth looking into if you have multiple credit card debts or unpaid medical bills, or if you are suffering from extreme financial hardship. Settlement may be a good debt relief option for you if your account has been transferred to a collection agency, creditors have threatened to sue you for debt, or you are at least 3 months behind on your payments.

Minimum Debt Accepted

$4,000. You must have at least $4,000 of debt to qualify for Ooraa’s settlement program. This amount may include debts from credit cards, department store cards, medical bills, collections, repossessions, business debts, IRS debt, back taxes, personal loans, or other unsecured debts.

Online Dashboard

Yes, this company does provide an online dashboard for clients to see their account and have access to any communication from the company as well. This is in addition to the account access you get for your trust fund.

Accreditations

They are IAPDA accredited, but not AFCC accredited.

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2 Ooraa.org Reviews

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2
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2. Subject For This Review*(Select all that apply)

3. Review Validation*

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  1. User Score
    10
    March 24th, 2015
    3 people found this review helpful!
    One of the best people we to work with. The best part is that there in no upfront fee and their fee are way than any other company in Market
    Read More
  2. User Score
    10
    February 3rd, 2015 San Francisco, CA
    6 people found this review helpful!
    best customer service , best settlements , upfront , No fake promises,speaks English and Indian language so that understand program well . i tried few company before starting with ooraa .. they all gave me unrealistic settlement figures which even child can under stand that that was wrong .. but ooraa gave me realistic figures and i finish my 54000 debt in 12 months and no complaints. they encourage me to pay fast . at one point i was think to file bankruptcy but now i got batter settlement and i save my credit too.. i m happy to recommend ooraa
    Read More

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
3.8
User Score
10.0
Rank this Company

Ratings Breakdown

Price

% of total debt
20%

Accreditations

AFCC or IAPDA
IAPDA

Free Consultation

is one included?
Yes

Time in Business

total # of years
7 Years

NR

Min. Debt

Min. debt accepted
$4,000

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
2
Our Score
9.4
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

A+

Min. Debt

Min. debt accepted
$7,500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
284