Prestige Financial Solutions Reviews
Reviews of Prestige Financial Solutions from real customers
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This company is no longer in business as a debt settlement company. Click Here for Our Top Recommended Debt Settlement Providers.
The Good
This company is transparent when it comes to service fees and you can quickly get a clear understanding of how much you will pay for service. In addition, you will not pay anything unless the company successfully settles your debt.
Other highlights include:
- Free Consultation
- Money-back guarantee
The Bad
We are concerned about their government lawsuit action. Although this company is located in Colorado, they have agreed to be permanently enjoined from providing service to Colorado residents. In addition, they are not AFCC or IAPDA accredited.
The Bottom Line
Prestige Financial Solution’s recent legal issues are concerning. They are also not AFCC or IAPDA accredited. For these reasons, we do not recommend them and suggest you look into our top recommend settlement companies to see if they can fit your needs.
- 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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