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PCS-Debt-Relief
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#15
PCS-Debt-Relief

PCS Debt Relief

Less Expensive Than Most Companies

Our Score
4.9
User Score
--

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Our Score
4.9
User Score
--
Rank this Company

Ratings Breakdown

Price

% of debt saved
15%-20%

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
6 Years

Min. Debt

Min. debt accepted
$20,000

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
0

This Review is maintained by

Review Last Updated: December 21, 2016

With over $25 million in settled debts, PCS brings proven expertise to the table. Although they lack key industry accreditations we look for, they also boast a much lower cost than most of the competition.

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

#1

15-25%
$7,500

#2

15-25%
$7,500

#3

15-25%
$7,500

#15
PCS-Debt-Relief

15%-20%
$20,000

The Good

PCS Debt Relief has a broad offering, as reported on their website. They provide a wide array of services related to debt management and relief. Although they offer several product options, company representatives reported that they mainly handle debt consolidation, rather than settlement services.

Their debt settlement program was designed to help clients reduce the amount of their total unsecured debt to be paid back to creditors. Consumers may take advantage of a free consultation where a debt analyst will review the financial situation to determine a plan and budget suiting the unique financial needs of each candidate.
Settlement services prices vary and fees will be charged anywhere between 15 to 20 percent of the total amount clients save during the settlement process. They guarantee 100% satisfaction to each of their clients and work strictly on a performance based model, as regulated by the FTC.

What sets this company apart is their lack of requirement to open a trust or dedicated savings account in order to save funds. This allows clients to be completely independent with their finances while an experienced advisor guides them attain the financial literacy needed to remain financially independent. When a settlement is reached clients will be expected and held fully responsible to pay back the settled amount after the agreement is made.

On average clients see their first settlement resolved between 3 to 6 months, although this varies and is dependent on the total amount of debt along with the status. For example, the amount of the debt, the last payment made, or the length of time debts have been in collections, among other factors. The objective is to have all the enrolled amounts settled within 18 months.

PCS Debt Relief has a highly informative website with FAQ and company model videos, educating the prospective and current client about their process and procedures. These are relatively short in length and full of helpful information. We enjoy the transparency provided within their readable FAQ page, which outlines procedures, how fees are assessed, what to expect, and the potential risks in enrolling with a debt relief company.

Highlights to this company include:

  • 15% to 20% of amount saved
  • Free consultation
  • Transparency
  • $25 million in debt settled

The Bad

One of our biggest concerns with the company is their minimum $20,000 required amount of debt to be enrolled into their settlement program. Alongside this factor, consumers are not required to open a trust or dedicated account to save funds for negotiation. While this leaves clients with full independence of where their money goes, with $20,000 minimum and a reduction by up to 50 percent, this would require clients to come up with a quick $10,000 if they have not proven financial responsibility to set away funds.

This company also lack professional accreditation such as those with the AFCC and IAPDA.

The Bottom Line

Although PCS Debt Relief claim a 100% customer satisfaction guarantee, we have some concerns about their lack of accreditations and their clarity on the no forced escrow policy. Also their minimum debt requirement of $20,000 is higher than most. We like the company transparency but overall, we suggest researching our top recommended companies which may not require such a high enrollment amount and who specialize in debt settlement over debt consolidation.

Free Consultation

 

Time in Business

5 years. They’ve been in business since 2010.

Debt Education

There is a lot of space taken on the website to explain the pros and cons of each of PCS Debt Relief’s products and services.  The videos are well done and informative, without being the latest cure for insomnia.  The information is accurate and honest. This company is transparent with their customers and acknowledges the hard reality of debt and its effects on people’s lives.  This approach is refreshing when compared to many other companies who feel as though they must only share the sunshine and rainbows, rather than including the rainstorm which caused the rainbows in the first place.

Mobile-Friendly Site

No. Their website is not mobile friendly.

Contact Information

Email Address:

[email protected]

Address: 

16024 Manchester Rd

Ste 102

Ellisville, MO 63011-2195

Business Hours: 

Monday – Friday 9:00am – 5:00pm

Central time

Minimum Debt Accepted

$20,000

Online Dashboard

No, there is no customer portal to access any information, features or account statuses. We were told however, that they send out frequent emails to keep their clients abreast of what is going on with their accounts, as well as clients having contact information for their counselor at all times.

Accreditations

No, they do not have an AFCC or IAPDA accreditations, though we were told that they have all licensing required and they are bonded.

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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
4.9
User Score
--
Rank this Company

Ratings Breakdown

Price

% of debt saved
15%-20%

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
6 Years

Min. Debt

Min. debt accepted
$20,000

Guarantee

money back guarantee?
Yes

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