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Accredited In-Depth Review
In a nutshell: Accredited DR makes it easier & faster to pay off credit card debt. It offers services covering debt reduction, consolidation loans, and more.
Accredited In-Depth Review
In a nutshell: Accredited DR makes it easier & faster to pay off credit card debt. It offers services covering debt reduction, consolidation loans, and more.
Accredited In-Depth Review

Overview

Accredited Debt Relief is a debt consolidation company that helps Americans facing credit card debt by lowering monthly payments, and reducing the principal balance. New customers can start with a free consultation. Their website also hosts a calculator so that customers can view their potential savings and debt resettlement options in advance. Overall, their service helps those with debt of at least $10,000 or more come up with a sensible plan for paying off money owed.

Application Process

Accredited Debt Relief offers free consultations either by phone or through an online form. Customers interested in filling out the online form should be prepared to provide the following information: total debt owed, state of residence, first name, last name, email address, phone number. Once the consultation is complete, Accredited will provide a quote including an estimated savings plan. When both the customer and agent agree on a price, the customer will begin to make month-to-month payments.

Debt Services

Accredited Debt Relief focuses on debt reduction and debt consolidation. Their service costs range between 18%-25% of the total money owed, although pricing can vary depending on the state of residency. Although their advisors will help with debt management, they do not provide assistance in improving credit scores.

Before signing up for a free consultation, customers can go to the website to find out their savings using the debt consolidation calculator. If you have a debt of $25,000, for instance, the calculator will show an example of how to pay off debt by adjusting the repayment period and reveal overall savings. On average, repayment periods for debt resettlement range between two to four years.

Types Of Debt Covered

The company provides services in both debt management and debt consolidation. They offer multiple plans to meet the needs of individuals facing a variety of financial burdens. They will help reduce your debt as well as the lower amount you pay.

For those looking to simply lower their interest and monthly rates, Accredited has a debt consolidation service specific to their needs as well.

Customer Support

Accredited’s customer satisfaction rating is high. Many of their customer reviews online mention that representatives are friendly, patient and easily understandable. Customers can get in touch with customer support by phone or mail. Those looking to do research of their own can check out Accredited Debt Relief’s FAQ page on their website.

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Pros
  • Debt reduction & consolidation
  • Free consultation
  • Informative & friendly representatives
Cons
  • Not available in all 50 states
  • Min debt recommended is $20,000
Accredited at a Glance
8.4 Editorial Score
Application process
8.0
Application is straightforward and can be done entirely online, documentation requests are reasonable
Customer support
9.0
Phone and email support Monday through Friday from 8 AM to 11 PM ET, and Saturday and Sunday from 9 AM to 6 PM ET
Eligibility criteria
9.0
Accepts a range of unsecured debt, requires proof of financial hardship, but flexible, operates in most states
Customer rewards
7.0
No rewards
Financial tools and resources
9.0
No-risk guarantee, free consultations, personalized support, negotiate with creditors to reduce debt amount, consolidation loans
FAQs About Debt Consolidation Loans
Looking to improve your financial well-being and consolidate your debt? In addition to comparing the top debt consolidation lenders, we've compiled some of the most commonly asked questions about debt consolidation.
What is debt consolidation?
Debt consolidation refers to a financial strategy that combines high-interest debts into a single, lower-interest monthly payment. Consolidation loans have fixed terms and fixed interest rates, so you can take control of your debt, know exactly when you will be debt-free, and pay off your debt faster.
How does debt consolidation work?
Those looking to consolidate debt usually have two different options. A 0% interest, balance-transfer credit card involves transferring debts onto the card and paying the balance in full during a promotional period. Another type of debt consolidation provides a fixed-rate personal loan in which borrowers use the money from the loan to pay off debts before paying back the loan in installments according to new terms.
Does debt consolidation affect credit?
Debt consolidation can help improve credit if it helps someone make payments on time while also reducing the amount of money owed on different accounts. However, credit can suffer if the person continues to run up credit card balances again or miss payments.
What is the best debt consolidation solution?
The best debt consolidation lender for you will depend on several factors, including the amount of debt, type of debt (s), financial history, and what type of terms you are looking for. Those looking for a quality debt consolidation loan should consider these factors and review the different options using our comparison and in-depth reviews.
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