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Debt relief is a way for you to get out from under overwhelming credit card debt, and you’re all for it. Now you’re looking for a company that can help you pull it off. You’ve heard about Credit Associates but you’re unsure if it’s a good or even legit company. Well, here’s what you can learn from Credit Associates reviews.
What Is Debt Relief?
Let’s start there. This financial strategy is one in which you’ll hire a company like Credit Associates to see whether your creditors would be amenable to letting you pay a portion of what you owe, in a one-time payment in full, to have your debts marked as “settled” on your credit reports. You’ve got a good shot since debt relief is usually a step away from bankruptcy. If you file that, your creditors know they’ll likely come away empty-handed.
What’s The Process Like?
The company will go over your situation with you and come up with a repayment plan. After that, you’ll have to set up a savings-type account into which you’ll make monthly deposits. The amount you’re to save depends on your debt load and income. Once you hit that mark, your company’s negotiators will approach your creditors to see if they can work out settlements, using that account as leverage. After each agreement is struck and approved by you, settlement payments will come from said account.
What Does That Do To My Credit?
The process of debt relief will cause a temporary drop in scores. But never fear: those scores will rebound nicely once you’ve completed the debt relief program and have begun rebuilding your credit. And anyway, aren’t your scores depressed as we speak?
How Long Does Debt Relief Take?
With Credit Associates at the helm, you can expect to complete your program in an average of 36 months – much less time than it would take for you to clear your decades by making minimum payments. That could take years, if not decades. For further insight check out credit associates reviews.
Can You Tell Me More About Credit Associates?
The Dallas-based company, which serves every state except New Jersey, has been helping customers for more than 14 years and has resolved more than $1 billion in debt.
How Much Can Credit Associates Save Me?
Say you have $10,000 in credit card debt that carries a 15% interest rate. Your monthly payment will be $178. Credit Associates can likely negotiate that debt down to $6,400, saving you $3,600.
Is There Anything Particularly Special About Credit Associates?
Well, it’s established, for one thing. That’s nothing to sniff at in this time of fly-by-night scam companies. It also uses a proprietary debt relief software program.
What About Credit Associates Reviews?
Credit Associates is accredited by Consumer Affairs, which gives it a score of 4.5 out of five stars based on client ratings.
What’s more, the Better Business Bureau has awarded the customer a top rating of “A,” while Trustpilot gives the company 9.6 out of 10 stars. In reviews, lots of clients reported that Credit Associates gave them a comprehensive explanation of its debt relief program and that they were treated respectfully by company employees. There were some complaints about unsolicited calls and mailed communication from the company, but those are relatively minor quibbles.
You’ve learned from Credit Associates reviews that the debt relief firm is a reputable one that’s easy to work with and that aims to satisfy its customers by satisfying their debts. The company treats its clients with dignity and offers the transparency they deserve. And that’s what you want in a debt relief firm.