Pros and Cons Explained

Pros

• Great customer support: Accredited Debt Relief offers several methods to get in touch, including phone, email, and live chat (through its partner, Beyond Finance). On sites like Trustpilot and the Better Business Bureau (BBB), many past customers describe the company’s representatives as kind and helpful.
• Excellent customer reviews: Accredited Debt Relief has over 7,700 five-star reviews on Trustpilot (with an average score of 4.8), over 2,500 on the Better Business Bureau (average score of 4.89), and an A + rating from the BBB.
• Highly accredited: Accredited Debt Relief, as the name suggests, holds accreditations and/or certifications from several prominent industry associations, including the American Association for Debt Resolution, the International Association of Professional Debt Arbitrators, and the Consumer Debt Relief Initiative (CDRI).

Cons

• Most clients are charged the high end of the fee range (25%): Although Accredited Debt Relief’s debt resolution fee ranges from 15% to 25% of the settled debt, it reports that most clients are charged 25%. 
• Savings account has setup and maintenance fees: Although your initial consultation is free, you’ll have to pay a one-time fee of $9.95 to get your savings account up and running, and monthly maintenance fees of $10.75. This isn’t unusual for debt resolution companies, but it can be costly over several years.
• Services not available in every state: Accredited Debt Relief offers services in 29 states and Washington, D.C. You’ll have to explore 澳洲幸运5官方开奖结果体彩网:other debt relief options if you live elsewhere. 

How Accredited Debt Relief Works

A🍒ccredited Debt Relief provides debt consolidation options to help you pay off unmanageable unsecured debt for less than you owe. After an initial free consultation, the Accredited Debt R🐲elief team will give you a recommendation for the best way to move forward. 

If you choose to enroll in its 澳洲幸运5官方开奖结果体彩网:debt resolution program, you'll begin by telling the company about how much debt you owe (less than $10K, $10K to $20K, or more than $20K). Next, you'l💯l submit some 🌺basic personal information to continue the process. Be aware that once you continue from here, you'll give Accredited Debt Relief permission to call or text you.

You’ll be instructed to make changes to your debt payments, consolidating what you owe each month. Instead of paying cr♌editors directly, you deposit monthly into a savings account that you own and control. While you grow the funds in your savings account, Beyond Finance will work on your behalf to resolve your debt for less than you owe.

According to Beyond Finance, it lowers your monthly payments by 40% or more on enrolled debt while it works to resolve your debt for less than you owe. On average, clients become debt-free within 24 to 48 months. Accredited Debt Relief’s fees are success based, 𒊎and it only charges a fee if it successfully resolves your debt.

Accreditations

• American Association for Debt Resolution: The AADR requires its member companies to meet high consumer protection and operation standards. Companies must renew their accreditation status annually.
• International Association of Professional Debt Arbitrators: The IAPDA certifies debt resolution companies that meet industry best practices, ensuring that company employees have been trained on topics like how settlement affects your credit and the potential for lawsuits.
• Consumer Debt Relief Initiative: This accreditation indicates that a debt resolution company adheres to certain standards, including a code of ethics.
• Better Business Bureau: The BBB requires companies to commit to its Standards for Trust, which include honest advertising, transparency, and responsiveness to customers. Companies must also have all the required licensing and no governmental ethics violations.

How to Enroll With Accredited Debt Relief

You caღn enroll with Accredited Debt Relief on its website or by phone. 

1. Get started with a free consultation: Sign up on the website or call directly to set up this free call with a consolidation specialist. If you sign up on the website you’ll provide a few basic details, such as how much debt you owe, your name, your ZIP code, and your email. A consolidation specialist will get in touch to review your finances and discuss your options. 
2. Find out your personalized options: After the Accredited Debt Relief team reviews your financial situation, they’ll let you know which strategy (debt resolution or 澳洲幸运5官方开奖结果体彩网:debt consolidation loan) would be the best fit for your needs and budget. 
3. Enroll in a program: If you find a program that works for you, you can enroll and move forward with the plan. For debt resolution, you’ll be expected to make monthly payments into a savings account while Accredited Debt Relief negotiates with your creditors. For debt consolidation, you’ll apply for a consolidation loan, use the funds to pay off your debt, and then pay off the loan over time.

Types of Debt Addressed

Accredited Debt Relief can help you d▨eal with vario🌊us types of debt, including the following. 

Credit Card Debt

澳洲幸运5官方开奖结果体彩网:Credit card debt often carries high interest rates, making it difficult to pay off. Accredited Debt Relief may be able to help you get out of credit card debt🦋 sooner. 

Store Credit Card Debt

If you’ve accrued debt on a 澳洲幸运5官方开奖结果体彩网:store-issued credit card, Accredited De🔥bt Relief can help with💮 that as well. 

Unsecured Personal Loan Debt

You may have borrowed a 澳洲幸运5官方开奖结果体彩网:personal loan for any number of reasons, such as paying for home renovations, covering an emergency expense, or financing another personal cost. Accredited Debt Relief may be able to help you resolve your person🅰al loan debt. 

Medical Debt

Suffering an illness or injury can leave you with sky-high hospital bills. 澳洲幸运5官方开奖结果体彩网:Medical bills are eligible for a debt 💜resolution program with Accredit꧋ed Debt Relief. 

Secured Debt

Although Accredited Debt Relief largely works with unsecured debt, it may be able to help you with 澳洲幸运5官方开奖结果体彩网:debt that’s secured by collateral. According to customer support, the borrower must indicate that they understand their collateral could be🍌 seized as part of the debt resolution. If the borrower doesn’t accept this possibility, they can’t enroll their secured debt in the program. 

Expected Cost

If it successfully resol🙈ves a debt, Accredi🐲ted Debt Relief charges a fee of 15% to 25% of the amount of resolved debt. However, it says it usually charges 25%.

You’ll also be charged♐ these fees for the associated savings account: 

• One-time account setup fee: $9.95
• Monthly account maintenance fee: $10.75

You can also opt in to services from Better Life Plans, a legal service provider ♊that can assist with any legal documentation you may receive. This optional fee is $14.95 per month. 

Expected Relief Amount

On average, Accredited Debt Relief says that its clients repay 55% of their enrolled debt. However, this amount doesn’t account for Accredited Debt Relief’s fees, which are usually 25% of the settled debt 🐈amount.

Expected Time to Complete the Program

Accredited Debt Relief says that, on average, clients become debt-free within 24 to 48 months. The exact timeline will depend on how much debt you owe and your financial situation. If you borrow a debt consolidation loan from one of Accredited Debt Relief’s affiliates, you can choose repayment terms from four to 84 months.

Additional Services

Along with its debt resolut📖ion progꦑram, Accredited Debt Relief also offers consolidation loans to qualifying clients. These loans range from $1,000 to $100,000, and APRs can get pretty steep. They also come with origination fees from 1% to 6%. Loan repayment terms range from four months to seven years. 

To be eligible for one of these consolidation loans, you must have worked with Accredited Debt Reli💦ef in a debt resolution program for at least nine months, with on-time payments for at least six months. Your account must also be in good standing.

Client Dashboard

You can track your progre👍ss toward debt resolution on the Beyond Finance app or website, or you can call Accredited Debt Relief directly with questions or concerns. 

Customer Service

Customer Satisfaction and Reviews

Ac✱credited Debt Relief has excellent reviews on two consumer review sites. 

• Trustpilot: Accredited Debt Relief gets an excellent rating of 4.8 stars out of 5 based on over 7,700 customer reviews. Many reviewers praised the company’s customer service reps for being compassionate, professional, friendly, and helpful. 
• Better Business Bureau: Accredited Debt Relief has an average BBB customer rating of 4.89 stars out of 5 based on over 2,500 customer reviews. Similar to customers on Trustpilot, most reviewers praised the customer service team for being outstanding. However, there are some complaints on the BBB website, with some customers saying the company continues to call them even after they turned down its services.

Accredited Debt Relief vs. N🍌ational Debt Relief vs. Freedom Debt Relief

Is Debt Resolution Worth It?

Debt resolution may or may not be worth it, depending on your situation. Debt resolution has the potential to let you pay off your debts for less than you owe. Debt resolution companies can communicate with creditors on your behalf, so you don’t have to deal with 🦹the negotiation process. This kind of help can be a relief when dealing with unmanageable debt. 

However, debt resolution companies can charge hefty fees that add to your financial burden. It’s likely that your credit will be severely damaged since you’ll need to stop paying off any debts included in the program. But, since companies only charge resolution fees after successfully negotiating a debt, the fees and credit damage may be worth the cost. It may be worth considering 澳洲幸运5官方开奖结果体彩网:DIY debt relief to avoid the company fees.

There’s no guarantee that a debt resolution company will be able to settle your debts for significantly less than you owe. There’s a chance that you could wind up in more debt, and potentially facing lawsuits, if resolution negotiations fail. Before deciding on debt resolution, speak with a 澳洲幸运5官方开奖结果体彩网:trained credit counselor and consider other options, like debt management plans and 澳洲幸运5官方开奖结果体彩网:bankruptcy.

Is Debt Relief Through Debt Resolution Taxable?

Yes, if the savings from debt resolution are more than $600 it is considered taxable income. The amount you owe will depend on your tax bracket and filing status, and any tax credits and deductions you qualify for.

The Bottom Line

Accredited Debt Relief c𓄧ould be a good fit for your needs if you’re struggling to manage your debt. According to the company, its clients end up paying back an average of 55% of their enrolled debt amount. However, the company’s fee is up to 25% of your enrolled debt, which could cost you hundreds or thousands of dollars. Before enrolling in an Accredited Debt Relief program, take advantage of its free consultation call to get answers to all your questions about fees, debt payoff timelines, and other details of its program. 

Frequently Asked Questions (FAQs)

Do You Have🌼 to Close 🐲Your Credit Cards With Accredited Debt Relief?

Yes, like with other 澳洲幸运5官方开奖结果体彩网:debt resolution companies, you must stop using any credit cards enrolled in a program with Accredited Debt Relief. You may be able to omit a credit card from the pro🎐gram for emergencies, but the company will not work to resolve any debt on that card.

Does Accredited Debt Relief Work With Tax Debt?

No, Accredited Debt Relief does not help resolve tax debt. If you need this service, take a look at 澳洲幸运5官方开奖结果体彩网:Cu🦹raDebt's debt settlement services. CuraDebt is our top-rated debt relief company ꦕfor tax debt re🐻lief.

Is Accredited Debt Relief a Legitimate Company?

Yes, Accredited Debt Relief is a legitimate 澳洲幸运5官方开奖结果体彩网:debt relief company. It’s bee🎐n in business for more than a decade, it’s accredited by the AADR and certified by the IAPDA, and it has overwhelmingly positive reviews f💦rom past clients.

How Much Does Accredited Debt Relief Cost?

When you begin a debt resolution program with Accredited Debt Relief, you’ll need to pay for a savings account for your monthly deposits that come with a one-time set-up fee of $9.95 and a monthly maintenance fee of $10.75. Then, if Accredited Debt Relief is successful in resolving your debt, it charges a fee of 15% to 25% of the settled debt, which is on par with the typical 澳洲幸运5官方开奖结果体彩网:debt relief options cost. The company says most clients end up paying 25%. This fee💞 will be c💜harged as part of your monthly payment as you go through the program. 

Does Accredited Debt Relief Hurt Your Crꦡedit Score?

Using Accredited Debt Relief or any other debt resolution service is likely to 澳洲幸运5官方开奖结果体彩网:hurt your credit score, which the company clearly states on its website. Debt resolution generally requires that you make changes to your monthly debt payments, which will adversely affect your payment history and therefore your credit score. It may take several years to come back f🍎rom this negative impact.

How Reliable Is Accredited Debt Relief?

According to customer reviews and institutional accreditations, Accredited Debt Relief seems to be a reliable company within the 澳洲幸运5官方开奖结果体彩网:debt relief industry. It receives largely positive reviews from thousands of customers on trusted consumer review sites like Trustpilot and the BBB. According to Accredited Deb𝔉t Re🌠lief, the average client who completes a debt resolution program ends up paying back 55% of their debt, although this is before the company’s fee, which is usually 25% of enrolled debt.

How We Determine the Best Debt Relief Companies

To determine the best debt relief companies, we reviewed various databases, competitive analyses, consumer behavior, and more, ultimately narrowing down the list to 40 companies that offered debt ꦐsettlement and/or credit counseling services. We developed a quantitative model in which we identified 53 important criteria across five categories. We weighted each category as follows for this article:

• Costs and fees: 41.00%
• Availability: 22.50%
• Reputation and stability: 19.00%
• Customer experience: 9.50%
• Services: 8.00%

We then gathered data for the 53 criteria directly from companies📖 via websites, media contacts, and existing partnerships. Data was collected between Oct. 19, 2023, and Dec. 18, 2023. This resulted in over 2,000 data points in our rubric, which we used to score and determine the best debt relief companies (including debt settle𓃲ment and credit counseling services) for people looking to manage and get out of debt.

To learn more about our process for finding the best debt relief companies, read our 澳洲幸运5官方开奖结果体彩网:full methodology.