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Rescue One Financial
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#43
Rescue One Financial

Rescue One Financial

Rescue One Financial requires at least $10,000 in debt and charges 7% of the total debt per year.

Our Score
1.9
User Score
3.0

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Our Score
1.9
User Score
3.0
Rank this Company

Ratings Breakdown

Price

% of total debt enrolled
7% annually

Accreditations

AFCC or IAPDA
AFCC

Free Consultation

is one included?
Yes

Time in Business

total # of years
6 Years

Min. Debt

Min. debt accepted
$10,000

Guarantee

money back guarantee?
No

Number of Reviews

User reviews here on BDC
6

This Review is maintained by

Review Last Updated: March 24, 2017

Although Rescue One Financial has only been in business for six years, they have a team of 72 debt consultants. They have several financial programs on top of debt settlement, including personal loans, business loans, and debt consolidation. Check out what our experts have to say about them, or scroll to the bottom to read Rescue One Financial reviews from their clients.

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

#1

15-25%
$15,000

#2

15-25%
$7,500

#3

15-25%
$7,500

#43
Rescue One Financial

7% annually
$10,000

The Good

Industry Accreditations

We appreciate that Rescue One has managed to secure at least one major industry accreditation: AFCC, which is an indicator of its commitment to consumer-friendly business practices.

Free Account SetUp

Recsue One does a good job setting up accounts for people. The company offers a free consultation, there are no upfront fees, and you get to work with the same debt consultant throughout the entire settlement process. We should note that most debt settlement companies provide these same services.

Positive Customer Reviews

Customers have expressed appreciation for the free debt consultation offered by Rescue One, and the integrity and professionalism of their customer service representatives. There have even been cases where people reported the company steering them towards a different debt resolution option when they weren’t a good fit.

The Bad

Rescue One Complaints

There have been customer complaints regarding Rescue One’s advertising practices in mailing out “pre-qualified” loan letters to those with serious financial problems only to reject them and offer debt resolution services. Some users have reported they felt this was shady and led them to distrust the company and its business practices. These concerns are further amplified by a lack of IAPDA accreditation.

Limited Industry Experience

Rescue One hasn’t been in business very long for this industry, just over six years.

No Money-Back Guarantee and Fees

The company lacks a money back guarantee and comes with an unusual pricing mechanism that could make them more costly than some of their competitors: they charge 7% of total debt per year. In addition to this being a high price, it’s also a different price structure than other debt settlement companies. Almost every other company charges a total percentage fee, not an annual percentage fee. This makes them difficult to compare.

High Minimum Debt Requirement

Considering the relatively high minimum debt requirement of $10,000 to qualify, their service may not even be accessible to some.

  • High prices
  • Missing industry accreditations
  • Limited industry experience
  • No money back guarantee

Compare to the top rated debt settlement companies

The Bottom Line

Although Rescue’s pricing scheme seems to hide the higher-than-normal cost of the service. Additionally, their short track record and high minimum debt requirements make it difficult to justify using them. Ultimately, we do not recommend Rescue One Financial at this time. If you would like to learn about a company with more accreditations, industry experience, and lower prices, we recommend reading up on Pacific Debt.

Click Here for Our Top Recommended Debt Settlement Providers.

Contact Information

Phone: 1-855-737-2831
Hours: Monday – Friday 9AM – 6PM PST
Website: https://www.rescueonefinancial.com
Email: [email protected]
Address: 2101 Business Center Drive, Suite 120, Irvine, California 92612

Time In Business

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

Debt Education

They offer some debt education to those in debt or worried that they may end up there again in the future. Those who are interested in debt education should express so during the initial consultation.

Overall, they could offer a lot more upfront.

Types of Services Available

They offer many services including consumer loans with affordable rates, business loans, debt resolution services, debt management and debt counseling for those who want to make sure they avoid similar financial strains in the future.

Minimum Debt Accepted

The minimum amount of debt that they will work with is $7,500 total.

Online Dashboard

Yes, there is a client portal. It will show you information about your loan. The debt resolution program shows you what your old balances were and what the new balances are.

Accreditations

Yes, they are AFCC accredited, but not IAPDA accredited.

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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6 Rescue One Financial Reviews

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  1. User Score
    0
    December 13th, 2016
    2 people found this review helpful!
    This company gave me very bad information and said they could help with my credit. My credit was ruined because of this bad information. I would NOT recommend this company.
    Read More
  2. User Score
    0
    November 16th, 2016 New York, NY
    9 people found this review helpful!
    I spoke with an agent multiple times before going with Rescue One after receiving information in the mail. The agent made me feel like she was knowledgable and I was comfortable in my decision. Until I found out how it actually worked. You don’t pay anything on your cards. You go into financial “hardship” – creditors call you a million times a day, so you never answer your phone again. You keep seeing interest and fees pile up, and your credit score plummet. Although I had a large debt amount, my credit was in the 700s range, because I made my payments on time. After joining the company, I have one card paid off, but my credit score is in the 500s, and I am being sued by American Express. I never thought it would be this bad – and the company does not provide full disclosure of what happens during the process. I keep calling to try to see some progress being made on my debt – but this company has ruined my credit and regret the day I decided to sign up. Every single time I call, I speak with someone new. No one seems to know what’s going on, and I have no control in making requests on who I would like them to pay. If you haven’t ruined your credit already – GO WITH SOMEONE ELSE! And the fee is 20% of your dollar debt amount – very high.
    Read More
  3. User Score
    8
    October 13th, 2016
    2 people found this review helpful!
    I would love to find someone to believe in and trust what they say but I have so many calling I just don’t know what to do.you have my attention because you haven’t ask for money from me all I ask is don’t build me up and then drop me like a hot potato because when they ask me for money I don’t have at the time so thank you please help me out if you can I’m on a once a month fixed income
    Read More
  4. User Score
    0
    August 21st, 2015
    9 people found this review helpful!
    I received Rescueone’s Advertising material in the mail that said i was Pre Selected*for up to $35,000. The * had conditions like everything. So i applied. I earn over $65,000 a year and only have debt of $15,000, which is credit card debt all around 19% interest (average). In short i was rejected,. The woman could not tell me why, even admitted that it was strange because i earn much more than the loan i was asking for. I believe this material is like applying for any other loan or credit card, Because i have debt in place its rejecting me, just as if i had found a company on my own and applied. There’s NOTHING SPECIAL to what they say in the letter. Its actually misleading or false advertising because if i was pre-Selected I would have got :something. I should have read these other reviews before I applied …MY BAD. All I have now is another Hit on my Credit score. !
    Read More
  5. User Score
    0
    July 15th, 2015 Aberdeen, MD
    13 people found this review helpful!
    They are running a scam, IMO. They mail out letters to people who are in debt, promising that they are “pre-approved for a consolidation loan!”

    When you call in, they ask for information about all of your individual debts, balances, etc. This should be your first clue that it’s a scam.

    A day or two later, they call back with “sorry, you don’t meet the lending criteria (what person swimming in debt ever would?), but presto magically, we have this awesome debt relief program where we negotiate with your creditors and pay them for you.

    In other words, I suspect that they have never actually made a loan, to anyone, and the entire promise of a consolidation loan thing is a scam to recruit potential customers for their actual business – debt settlement.

    Read More
  6. User Score
    10
    June 5th, 2015 Huntington Beach, CA
    34 people found this review helpful!
    I contacted Rescue One Financial to help me with my credit card debt 2013. I was in over my head with about $36k of debt. I too noticed their website was down at one point but I was told it was due to up grades. I checked a couple weeks later and it was running just fine. One very reassuring aspect of this company is that every time I called I reached a customer service rep. that was friendly and well knowledge with my account. It is now 2015 and I’m completely debt free!!!
    Read More

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
1.9
User Score
3.0
Rank this Company

Ratings Breakdown

Price

% of total debt enrolled
7% annually

Accreditations

AFCC or IAPDA
AFCC

Free Consultation

is one included?
Yes

Time in Business

total # of years
6 Years

Min. Debt

Min. debt accepted
$10,000

Guarantee

money back guarantee?
No

Number of Reviews

User reviews here on BDC
6
Our Score
9.1
User Score
8.8
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
$15,000

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
754