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-(844) 801-7235
Pacific Debt Inc.was founded in 2002 by Kevin Landie to help Americans manage and eliminate credit card debt, negotiate with creditors and improve consumers’ credit scores. The company offers a high level of customer service compared to many of its competitors.
The Good
Pacific Debt Highlights
- Low cost: 15-25% of total debt
- Debt settlement company that has been in business since 2002
- AFCC & IAPDA Accredited
- Average of 3 years to resolve debt
- High level of customer satisfaction
- Money back guarantee
Lower Industry Pricing
Pacific Debt Inc (PDI) brings a lot of expertise and experience to the table, reportedly being able to reduce balances owed to creditors by as much as 70% through their services. Pacific Debt Inc doesn’t charge any fees until they have received a debt settlement offer. Additionally, Pacific Debt’s fees tend to be lower than the fees and monthly payments of most debt settlement companies, charging between 15-25% of the total debt enrolled (the average is 17% – 20% in fees).
Money Back Guarantee
PDI’s debt settlement services are covered by a money back guarantee, offering both a measure of protection for customers and a show of confidence in their ability to help forgive debt in even the most complex scenarios in 2 to 4 years.
Holds Major Industry Accreditations
Of particular note is PDI’s reputation, both amongst consumers, credit card companies and 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 regarding professionalism and honesty. Online reviews from those who have used PDI’s debt settlement program include enough reported success stories across multiple sites to suggest that PDI does indeed take good care of their consumers.
Average Minimum Debt Requirement
PDI’s minimum required debt of $7,500 is on the low end of the industry average of $7,500 to $10,000.
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: CO, CT, DE, GA, IL, KS, ME, MS, NV, NH, NJ, ND, OH, OR, RI, SC, TN, VT, WA, WV, 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 it isn’t a truly national debt relief solution because they aren’t available everywhere. Ultimately, If you live within its service area and owe more than $7,500 in unsecured debt, we recommend working with Pacific Debt.
More Information on Pacific Debt Inc.
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.
Contact Information
Website: pacificdebt.com
Email: [email protected]
Hours:
Mon-Thurs: 8 am – 5 pm PST
Friday: 8 am – 3 pm PST
Address:
750 B Street, Suite 1700
San Diego, CA 92101
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 Score108 people found this review helpful!Jennifer Has been the best when dealing with all my debt. I always felt very comfortable talking with her and asking any questions I had. When I decided to finally get help with my debt I was embarrassed at how much I had and not once did she make me feel any worse than I was already was feeling she made me feel much better and that there would be light at the end of the tunnel and for that I am truly grateful.
Thank you,
Nikki WilsonWas this review helpful? YesRead More -
User Score1012 people found this review helpful!I was leery and worried at first about doing debt settlement, but have been enrolled for 7 months and have already reached 3 settlements. I cannot thank Josh enough for what he has done for me and my husband. We still have a way to go but to know at the end of the program we will no longer have credit card debt is a huge relief! I highly recommend Pacific Debt to anyone that is buried in credit card debt like we were. Thank you Pacific Debt!!!Was this review helpful? YesRead More
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User Score1010 people found this review helpful!Shonna has been very helpful in handling my account. She is very personable and professional and she has been able to get me a very good settlement on one of my accounts. I look forward to working with her to resolve the rest of my accounts.Was this review helpful? YesRead More
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User Score104 people found this review helpful!I’m glad the ratings go up to “AWESOME”, because that is exactly what my account manager Jessica has been. I feel that she has gone out of her way to keep me happy and in the know on the dealings with my creditors. After getting burned on my first attempt to consolidate my debt, I was a very hesitant to trust another company again. In the end, I’m very glad I chose this company. Thanks again!Was this review helpful? YesRead More
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User Score106 people found this review helpful!I would absolutely recommend this company to anyone who has found themselves needing some debt relief and support. I had a hassle free experience with them, cleared my debt in a short amount of time and saved myself a large amount of money in the process. I’m proud to say I won’t deal with them again which means they did their job well.Was this review helpful? YesRead More
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User Score1014 people found this review helpful!This service did what it was suppose to do. Never worried about payments getting made. They also kept me in the loop. Never left me guessing. It was wonderful. Great customer service, always courteous. Love it. Thank you for getting me out of debt.Was this review helpful? YesRead More
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User Score108 people found this review helpful!My only problem is not with Pacific Debt, but with the fact that my pride caused me to wait so long to look for help. Had I started this journey sooner, I could’ve been back on track to repair my credit by now. I’m projected to be done with the program within 6 months, but I’m doing my best to contribute funds to make the last two negotiations happen faster. Thanks again to their team for keeping me on track, motivated and more financially aware.Was this review helpful? YesRead More
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User Score106 people found this review helpful!Just wanted to give a shout out to Drew over at Pacific Debt!! I’m so happy to have 11 settlements handled by him in the last 2 years. I know he is getting me the best deal possible. Can’t wait to finish the program and work towards getting a new motorcycle and ride again!Was this review helpful? YesRead More
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User Score107 people found this review helpful!We really appreciated the way Jeremy explained the difference between their program vs some of the other options we didn’t even know about at the time. After going through our budget and our long-term financial goals they were able to come up with an affordable plan for us. We would certainly recommend them to anyone even if you just have basic questions about your debt in general.Was this review helpful? YesRead More
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User Score87 people found this review helpful!When I first started the program I was moved around from a few different client account managers and was a little unsure of what was going on. About half way through the program I started working with Julius Young and then things started to make much more sense. I never felt rushed off the phone and he always answered my questions and made me feel at ease. As much as I would have preferred to pay a bit less on some of my settlements, I have only good things to say about the service that I received.Was this review helpful? YesRead More
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User Score92 people found this review helpful!After my wife and I divorced, I was left with a large amount of her debt, which I didn’t even know existed. I’m still angry about being in this situation in the first place but I’m thankful I researched companies that help with debt problems. I thought there was no way out after being sent to collections on all of the accounts I relied on. Pacific Debt has helped me settle 2 accounts so far and continues to help me even though my program payments can be “inconsistent”.Was this review helpful? YesRead 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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239 Pacific Debt Inc. Reviews