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#46
PremierDebtHelp

Premier Debt Help Reviews

Reviews of Premier Debt Help from real customers
(0 verified)

Our Score
1.5
User Score
--

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Our Score
1.5
User Score
--
Rank this Company

Ratings Breakdown

Price

% of total debt
20%

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
Unknown

Min. Debt

Min. debt accepted
$7,500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
0

Overall Score

Based on ranking criteria
1.5 /10

Freedom Debt Relief

Compared to industry leader
9.1 /10

This Review is maintained by

Review Last Updated: November 15, 2018

Premier Debt Help has been offering consumers debt relief services since 2008, specializing in debt settlement services to help debtors find the path to financial freedom.

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

#1

15-25%
$7,500

#2

15-25%
$7,500

#3

15-25%
$7,500

#46
PremierDebtHelp

20%
$7,500

The Good

Premier Debt Help seems to understand the financial burden many Americans suffer from and has provided debt settlement services available to each consumer within the 50 states.

The company provides a staff member who works with the clients’ creditors to negotiate a settlement reducing the total amount of debt owed. No upfront fees are charged, or should ever be charged from a debt settlement company, as the federal government rule now bans upfront fees. The process requires the debtor to set up a third-party escrow account where the funds necessary to negotiate a debt will be saved, along with the funds required to pay for the company’s assistance. The company charges 20% of the total debt being settled. Their aim is to help clients settle debts at under half of what they owe.

Founded by an attorney, the company understands the complexities associated with debt and has the expertise and influence necessary to execute debt settlements. They claim excellent debt negotiation results, reasonably quick debt resolutions, and the success debtors are seeking, all backed by a money back guarantee (minus the monthly amount charged by the bank itself to hold the funds).

The company requires clients choosing to enroll in their program to have at least $7,500 in unsecured debt, which is reasonable, as we have seen many companies requiring a minimum of $10,000.

Premier Debt Help offers a free consultation with a debt relief professional. In this consultation, you will be presented with an explanation concerning the debt settlement process. Factors concerning each unique financial situation will be assessed to determine if Premier Debt Help’s services may be of benefit to each consumer. If it is determined that debt settlement is not the best solution for the debtor’s financial strain, staff members will politely point them in the right direction.

Premier Debt Help other service highlights include:

  • Free consultation
  • $7,500 minimum debt
  • Price is 20% of original debt amount
  • Money-back guarantee
  • Services offered in 50 states

Best Debt Settlement Companies

The Bad

In today’s market, we see a broad range of debt settlement companies each with their own marketing technique and sales tactic. Other than services being provided in 50 states, they do not have many attributes setting them apart.

Although they communicate how their staff members are highly trained, we would like to see some company dedication by getting their team members accredited with AFCC (American Fair Credit Council) and IAPDA (International Association of Professional Debt Arbitrators). It provides consumers with assurance that their financial representative is backed with the certification training required to handle such business.

Aside from the lack of certifications and accreditation to team members, nor do they have a rating, further raising questions as to what consumers have to say about the company and their services; positive or negative.

The company website does little to provide educational tools to their site visitors and lacks many of the educational materials we have seen within some of their competitor’s sites. From our experience, the staff is exceptionally professional and prompt to respond to any questions or concerns, but it seems some of the general information concerning debt relief and the process, fees, prices, etc. could be listed on the website to save time and hassle on both ends. Although they do provide a blog, it is severely outdated, with the last post being on March 2, 2015, and many of the links are unavailable or broken.

Compare to Top-Ranked Companies

The Bottom Line

Premier Debt Help provides a service many Americans long for a path to financial freedom. Although they offer their services across all 50 states, there are not many other attributes setting them apart. A few factors are influencing us to lean away from their services, such as their lack of accreditation within several fields, such as the AFCC, and IAPDA. Taking advantage of their free consultation may not render an unpleasant experience, but we recommend looking at other, higher rated companies in the industry to help you with debt settlement.

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Contact Information

Website: premierdebthelp.com
Email: [email protected]
Phone: 1-877-235-3878
Address:
Premier Financial Debt Help
4400 Route 9 South – Suite 2100
Freehold, NJ 07728

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  • 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
1.5
User Score
--
Rank this Company

Ratings Breakdown

Price

% of total debt
20%

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
Unknown

Min. Debt

Min. debt accepted
$7,500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
0

Overall Score

Based on ranking criteria
1.5 /10

Freedom Debt Relief

Compared to industry leader
9.1 /10
Our Score
9.1
User Score
9.0
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
15 Years

Min. Debt

Min. debt accepted
$7,500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
955

Overall Score

Based on ranking criteria
1.5 /10