Overview

Americor offers a variety of services to help consolidate and settle unsecured debt. The company is not a direct lender, but they’ll work with creditors on your behalf to help get relief from your debts. Americor lists debt consolidation loans as one of its services on the company’s website, however, Americor mostly focuses on debt settlement and debt management services. Be sure you understand the difference between taking out a debt consolidation loan and enrolling in a debt consolidation program before signing up for Americor’s services.

Application Process

There are no eligibility requirements for debt consolidation services listed on the Americor website. The best way to determine which services you qualify for is to provide your information through the form on the Americor website. A debt relief counselor will reach out to you to discuss your options and help you create a plan to get your debt paid off.

To get started, use the website form to indicate how much debt you have and to provide your contact information. Once you’ve submitted the form, you’ll be contacted by a debt specialist who will go over your loans and other debts and answer any questions you may have about debt relief and debt consolidation. They’ll help you determine what the best strategy is to handle your debt, whether it be consolidation, settlement, or filing for bankruptcy.

After speaking with a specialist about your debt, they’ll create a debt plan unique to your situation and guide you through the process of applying for their services. Once you’re approved to work with Americor the company will negotiate with creditors on your behalf to consolidate or settle your debt.

Debt Services

Americor is not a direct lender, but the company will work with you to help you find the best strategy for your debt consolidation. You’ll partner with a debt specialist to explore all of your options to help you decide if a debt consolidation loan is the right solution for your situation. Americor debt specialists will discuss the pros and cons of debt consolidation loans and help you understand everything you need to consider before taking out a loan to consolidate your debt.

The company also offers a debt consolidation program if you don’t want to take out a new loan to consolidate your debt. Your debt will be consolidated into one monthly payment that you make to your credit service counselor. Your counselor then deals with dispersing payment to your creditors. The company’s debt consolidation program includes counseling services to help you examine your spending habits and learn more about your debt.

In addition to debt consolidation, Americor provides debt settlement services for those seeking other options for debt relief. The company will negotiate with your creditors to help reduce your debt and create a payment plan that works with your financial situation. Americor advises that they typically settle with creditors for 55%-65% of the original debt balance.

Types Of Debt Covered

The debt consolidation and settlement services provided by Americor are for credit card debt and other types of unsecured debt. Unsecured debt is any type of debt that isn’t backed by some sort of collateral. Types of unsecured debt include personal loans, student loans, and medical bills. Americor cannot assist with debts related to mortgages or auto loans.

Customer Support

The Americor website features a “Financial Tips & Information” page with a blog containing helpful information on a variety of topics related to debt and debt consolidation. You can learn about creating good financial habits, get a better understanding of different types of debt, and get tips for how to manage your money once you’re debt free. The Americor website also has a page dedicated to explaining how the company’s debt relief program works.

You can reach Americor by phone, email, or on social media. Customer service by phone is available Monday through Friday from 10 AM ET until 9 PM ET. The company also offers new customer consultations by phone Monday through Friday from 9 AM ET until 10 PM ET and Saturday from 9 AM ET until 8 PM ET. Americor has pages on Facebook, Twitter, LinkedIn, and Instagram where they can be contacted by direct message.