Although Rescue One Financial has only been in business for six years, they have a team of 72 debt consultants and have managed to maintain a strong rating with the Better Business Bureau in spite of their relatively high cost. 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.
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. Additionally, it also has a solid A+ with the BBB on account of the relatively low volume of complaints filed against a company of its size.
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.
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
Hours: Monday – Friday 9AM – 6PM PST
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.
They have an A+ rating.
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.
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.
Yes, they are AFCC accredited, but not IAPDA accredited.
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