If you’re overwhelmed by unsecured debt (e.g.: credit card, personal loans, student loans, medical bills) and exploring options to settle what you owe, Accredited Debt Relief might be one of the companies on your radar. But is it the right choice for you? In this review, we’ll dive deep into this company to help you determine if they are the right choice to get you out of debt..
This review breaks down what you need to know about Accredited Debt Relief, from how their program works to what real customers are saying.
Company Overview
- Founded: 2011
- Headquarters: San Diego, California
- Website: www.accrediteddebtrelief.com
- Minimum Debt Required: $10,000 (For lower debt, CuraDebt might be a better option)
- Services: Debt settlement, debt consolidation loans (through partners), credit counseling
- Accreditations: American Fair Credit Council (AFCC), International Association of Professional Debt Arbitrators (IAPDA)
Services Offered by Accredited Debt Relief
Accredited Debt Relief offers debt settlement programs for individuals struggling with unsecured debt. Unlike lenders, they don’t issue loans, although they do offer consolidation loans through partners. Instead, their key service is that they negotiate with creditors on your behalf to reduce what you owe.
They help with:
- Credit card debt
- Medical bills
- Personal loans
- Some business debts
- Some private student loans
As we said previously, they also partner with lenders to provide debt consolidation loans, but terms vary based on your credit profile.
Accredited Debt Relief Versus Competitors
Most debt relief companies have a similar fee structure and similar minimums. However they different slightly based on the firm. Some also support IRS and tax debt, while others don’t. Here’s a quick comparison table:
| Company | Min Debt Required | Fees (% of Debt) | Types of Debt Covered |
|---|---|---|---|
| Accredited Debt Relief | $10,000 | 15–25% | Credit cards, personal loans, medical bills, some student loans |
| National Debt Relief | $7,500 | 15–25% | Unsecured debt, credit cards, personal loans, medical bills |
| Freedom Debt Relief | $7,500 | 15–25% | Credit cards, medical bills, personal loans, department store cards |
| CuraDebt | $5,000 | 15–25% | Unsecured debt, tax debt, business debt, payday loans |
| Pacific Debt Relief | $10,000 | 15–25% | Credit cards, personal loans, collection accounts |
| New Era Debt Solutions | $7,500 | 14–20% | Unsecured debt, credit cards, personal loans, lines of credit |
| Debtmerica | $10,000 | 18–25% | Credit cards, medical bills, unsecured loans |
| Century Support Services | $10,000 | 18–25% | Unsecured consumer debt, credit cards, loans |
| Guardian Debt Relief | $7,500 | 18–25% | Credit cards, unsecured loans, collection accounts |
| Beyond Finance | $10,000 | 15–25% | Credit cards, personal loans, payday loans |
| ClearOne Advantage | $10,000 | 15–25% | Credit cards, medical bills, unsecured personal loans |
| Oak View Law Group | $5,000 | 15–25% | Unsecured debt, payday loans, legal settlements |
| DMB Financial | $10,000 | 15–25% | Credit card debt, unsecured personal loans |
| Liberty Debt Relief | $7,500 | 18–25% | Credit cards, medical bills, unsecured debt |
| Resolve | $5,000 | Varies / Free DIY Help | Credit card debt, personal loans, flexible budgeting help |
| TurboDebt | $10,000 | 15–25% | Credit card, medical, payday, unsecured loans |
| Trinity Debt Management | None | Flat Fees / Donations | Credit cards, collection accounts, unsecured debts |
| InCharge Debt Solutions | None | Varies | Credit cards, student loans, housing debt |
| Money Management Intl. | None | Often under 10% | Credit cards, foreclosure prevention, student loans |
| GreenPath Financial | None | Low / Sliding Scale | Credit cards, mortgages, student loans, collections |
How Their Program Works
- Free Consultation: Discuss your financial situation with a specialist. They’ll tell whether they can help you or not, and how much it will cost. Make sure you ask them all the questions you have in mind.
- Enrollment: If you qualify, you begin making monthly payments into a dedicated account.
- Negotiation: Their team works with creditors to settle debts for less than owed.
- Resolution: You approve each settlement offer; fees are charged only after successful negotiation.
Pros and Cons of Accredited Debt Relief
👍 Pros:
- No upfront fees
- Free consultation
- Accredited by AFCC and IAPDA
- Thousands of positive reviews across platforms
- Customizable plans
👎 Cons:
- Only available for unsecured debt
- May negatively impact your credit during program
- Not available in all 50 states
- Fees can be up to 25% of enrolled debt (some competitors can go as low as 13%, so shop around!)
Customer Reviews & Ratings
- BBB Rating: A+ (4.8/5 stars from 2,000+ reviews)
- TrustPilot: 4.9/5 stars (8,100+ reviews)
- Google: 4.8/5 stars (10,000+ reviews)
Accredited Debt Relief boasts one of the highest Google Reviews ratings amongst companies we’ve reviewed on this site.
Customer sentiment is overwhelmingly positive, with many praising their customer service, communication, and results. However, some note delays in settlements or initial confusion during onboarding.
Is Accredited Debt Relief Legit?
Yes. They are a legitimate company with tens of thousands of reviews and major accreditations. But as with all debt settlement programs, results vary based on your situation and discipline. We recommend you analyze different options, such as debt consolidation, debt management plans (DMP’s), bankruptcy or other debt relief methods. Accredited Debt Relief may not always be the right choice for you, as their services comes with downsides.
Accredited Debt Relief has over 8,000 reviews on TrustPilot
Final Verdict
Accredited Debt Relief is a solid option for individuals with over $10,000 in unsecured debt who want a professional team to negotiate settlements on their behalf. While debt settlement may hurt your credit short-term, it can help avoid bankruptcy and reduce your total debt load in the long run.
If you’re ready to explore your options, a free consultation is a good first step.
Amine is an entrepreneur, investor and financial writer that covers the US economy, inflation, alternative investments, cryptocurrencies and more. He has been involved in the space for over a decade.
