Pacific Debt Inc.
Pacific Debt offers competitive pricing secured by a money back guarantee. No credit score is required.
M–Th 8–5pm / Fri 8–3pm (PST) 1-(855) 790-7452
Pacific Debt was founded in 2002 and settles millions of dollars worth of debt on a monthly basis. Although they are not available in all states, their industry accreditations, pricing, and reputation help them stand out from the competition in a big way. Read our expert review below or scroll down to see hundreds of Pacific Debt reviews from real customers.
The Good
Lower Industry Pricing
Pacific Debt Inc (PID) brings a lot of expertise and experience to the table, reportedly being able to reduce balances owed by as much as 70% through their services. Additionally, they have better pricing than most companies in the industry, charging between 15-25% (but an average of 17% – 20%) of the total debt enrolled.
Money Back Guarantee
Services are covered under a money back guarantee, offering both a measure of protection for customers and a show of confidence in their ability to resolve even the most complex debt scenarios in 2 to 4 years.
Holds Major Industry Accreditations
Of particular note is PDI’s reputation, both amongst consumers and in the industry as a whole. The company carries every major industry accreditation we look for, which demonstrates a commitment to ethical business practices and a high level of expertise.
Positive Customer Reviews
Clients have expressed appreciation for PDI’s customer service quality, both in terms of professionalism and honesty. Online reviews, there are enough reported success stories across multiple sites to suggest that PDI does indeed take good care of their clientele.
Average Minimum Debt Requirement
PDI’s minimum required debt of $5,000 is lower than many competitors. The industry average is $7,500 to $10,000.
Pacific Debt Highlights
- Low cost: 15-25% of total debt
- AFCC & IAPDA Accredited
- Average of 3 years to resolve debt
- High level of customer satisfaction
- Money back guarantee
The Bad
Not Available in All States
Additionally, they aren’t available everywhere in the country. More specifically, at time of writing, PDI does not operate in the following states: CT, DE, GA, IL, KS, ME, MS, NV, NH, NJ, ND, OH, OR, RI, SC, TN, VT, WA, WV, WI, WY
The Bottom Line
Pacific Debt offers a compelling combination of affordable pricing, experience, accreditations, and satisfaction secured by a money back guarantee. That’s a strong offer, especially when the only negative thing we can find to gripe about is that they aren’t available everywhere. Ultimately, If you live within their service area and owe more than $5,000 in unsecured debt, we recommend working with Pacific Debt.
About Pacific Debt
Pacific Debt was founded in 2002 by Kevin Landie in order to help Americans manage and eliminate debt. The company offers a high level of customer service compared to many of its competitors.
Contact Information
Website: pacificdebt.com
Email: [email protected]
Hours:
Mon-Thurs: 8am – 5pm PST
Friday: 8am – 3pm PST
Address:
750 B Street, Suite 1700
San Diego, CA 92101
Time in Business
13 years. Pacific Debt Management was started on June 21, 2002.
Debt Education
This company offers free textbooks, workbooks and handbooks that you can use to enhance your understanding of debt and money management. These materials act as educational courses which provide in-depth knowledge so you can receive a quality education without leaving home. These materials can be downloaded and accessed using Adobe Reader.
Additionally, this company maintains a monthly newsletter that teaches customers how to spend wisely and save money in their everyday lives. The PDI blog also contains useful information for people interested in employing a debt relief company or service.
Mobile-Friendly Site
Their site, which has recently been updated, is now mobile-friendly.
Services Provided
Pacific Debt Management is a debt settlement company. Their goal is to offer customers an alternative to bankruptcy or obtaining a new loan for the purpose of paying off old debts. You will pay one monthly payment which will be set aside in a separate account until you have enough to make a settlement offer. At this point, their team of professionals negotiates with creditors to settle your debts for less than the original amount owed. They also try to get you out of debt in as short a time as possible. This company tries to get customers out of debt within 24 to 48 months, although results vary depending on individual situations.
Online Dashboard
Pacific Debt Inc. offers a client portal that allows customers to see progress on their accounts and keep connected with everything surrounding their debt relief status.
Accreditations
Yes, this company holds an AFCC accreditation and IAPDA accreditation.
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 Score107 people found this review helpful!I want to thank Josh and the team at Pacific Debt. I wasnt quite sure how the program worked at first, but with the help of the team, I learned all I needed to know about how great they take care of their clients. After getting through the initial steps of the program, I was assigned to Josh, and couldnt be happier with his level of service. I really appreciated how Josh was able to “dumb down” the process when he was explaining to me how debt and repayment worked with some of my debtors. Im really lucky to have found and worked with, and want to thank Josh and PDI for a successful program completion!Was this review helpful? YesRead More
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User Score104 people found this review helpful!Our experience with Pacific Debt, has been great from the very beginning which has been approximately 2 yrs. Every interaction with them have been respectful, knowledgeable and with immediate response. Our case worker was Josh H, always helping us, guiding us, along the way. He was respectful and we always felt he was working in our best interest. We can’t say enough about Josh. Along the way, we saved approximately $32,000 with his help. We couldn’t have got out of debt without Josh and Pacific Debt.Was this review helpful? YesRead More
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User Score101 people found this review helpful!My experience with Pacific Debt, Inc. was very positive. My rep, Armando DR was very knowledgeable and he was an instrumental force in helping me get out of the debt I had been in for so long. This was a very good process and I would highly recommend this company and especially my rep to anyone wanting to clear up debt issues.Was this review helpful? YesRead More
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User Score103 people found this review helpful!I contracted with Pacific Debit in February, 2015 to assist me in settling credit card debt exceeding $40,000. To date, they have saved me close to $25,000 in credit card fees, late charges, and interest. In addition to the savings, they took a huge load off my shoulders by helping me pay what I could afford to the creditors, instead of filing a bankruptcy. I remain grateful.Was this review helpful? YesRead More
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User Score105 people found this review helpful!I started the program 7/ 7/28/14. at the time is was over $24,000 in credit card debt and literally drowning.I was only able to make minimum payments on these 4 credit cards.. The balances was of course going nowhere.I was at my wits end when one day I received an e-mail from Pacific Debt saying they could help me get out of this mountain of debt. I was at first skeptical of this but I deceided to contact them. As of today 5/9/17 I’m totally debt free thanks to Quiana Matthews and Kimberly Becker my accounts managers.These ladies were wonderful every step of the way and I’m forever grateful to them.I’m sure I’m not the first client that they have helped and I know I’ll not be the last,but from this very grateful client i want to say thank you LadiesWas this review helpful? YesRead More
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User Score106 people found this review helpful!I’ve been with Pacific debt for 8 months and they have been wonderful to deal with. They have settled 2 of my account already and my credit score has already gone up. My account manger Kimberly Becker has been great to work with and keeps me informed on everything that goes on with my accounts, could not ask for nicer person to work with.Was this review helpful? YesRead More
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User Score93 people found this review helpful!I’ve only been with Pacific Debt for about 7mos, but so far it has been a great way for me to settle my debt. My contact person Kimberly Becker really seems to know her stuff and couldn’t be more helpful and enthusiastic about helping me. I would definitely recommend them to anyone looking to get their life/finances in order.Was this review helpful? YesRead More
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User Score92 people found this review helpful!I have only been enrolled since Nov/Dec 2016 and Pacific Debt has settled one so far. It has been great but lots of upkeep and phone calls. Everyone has been super helpful though and I can’t wait to settles the rest of my debt!!! Thank you for all the help!Was this review helpful? YesRead More
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User Score05 people found this review helpful!my crefitors6were still calling me months after they said they would stop. they lied and said their percentage would be collected after my debt was paid. they kept over 1000. and didn’t pay a damned thing. don’t trust them. .
Amelia Howard ex client. with the money they collected6from me I could have paid them myself.Was this review helpful? YesRead More -
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User Score1016 people found this review helpful!I did not think my situation financially could be repaired in the time I was told when I enrolled. Then I met Nicole who explained the process and the difference in my accounts and how they settle. Hard not to be nervous or worried when going through this type of process.
Nicole was able to answer my questions and calm me down (not easy). My 1st settlement she got me 40cents on the dollar which is not the norm but somehow she over dilvered. I would not want to deal with anyone else and if it was not for Nicole I would of gave up and filed BK.Was this review helpful? YesRead More -
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User Score108 people found this review helpful!I have had nothing but a great experience with Pacific Debt. My account manager Kimberly Becker has been very understanding, professional and walked me through this entire process. I started in January of 2016 and I settled my first two major credit cards at 50%, I am almost half way through, and it is very rewarding to be able to see my debt decreasing .Pacific Debt exceeded my expectation, Thank you Kimberly for all you have done for me!Was this review helpful? YesRead More
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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