Countrywide Debt Relief

Countrywide Debt Relief Review

Countrywide Debt Relief is a debt settlement company based in Santa Ana, CA. It offers debt relief services to borrowers in 19 states (and Washington, DC). Founded in 2008, it is a well-established company that has been in business for over 10 years.

Key Takeaways

• Minimum debt balance of $10,000. Countrywide Debt Relief only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies.
• AFCC member. Countrywide Debt Relief is a member of the debt settlement industry's key trade association -- the American Fair Credit Council (AFCC). However, its debt resolution specialists are not accredited by the International Association of Professional Debt Arbitrators (IAPDA).
• Well-established firm. Countrywide Debt Relief has been in business for 15 years.
• Types of debt settled. Countrywide Debt Relief will only settle unsecured debts. These include credit card accounts, personal loans, and payday loans.
• Only available in some states. Countrywide Debt Relief is only available in 19 states.
• Offers in-house debt relief services. Some debt settlement companies act as intermediaries for larger firms. This company uses its own staff to handle debt settlement accounts.

Countrywide Debt Relief Pros & Cons

Countrywide Debt Relief FAQ

What does Countrywide Debt Relief do?

Countrywide Debt Relief offers debt relief services for the following types of debt:

• Unsecured debt, such as credit card debt and personal loans.

What does Countrywide Debt Relief charge?

Countrywide Debt Relief operates on a contingency fee basis. Companies operating under a contingency fee model charge fees that are based upon a percentage of the debt at the time the consumer enrolled; occasionally they are based on a percentage of the savings negotiated by the debt-settlement company. Across the industry in general, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt.

Countrywide Debt Relief charges fees up to 20% of the enrolled debt depending on the amount of enrolled debt provided.

Debt relief service pricing / costs can vary greatly from one client to another so it's best to speak to Countrywide Debt Relief directly to determine an accurate quote.

Does Countrywide Debt Relief offer a guarantee?

Yes, Countrywide Debt Relief does advertise a money back guarantee. Money back guarantees in the debt settlement industry typically state you won't be charged any fees until your debts are settled. However, charging upfront fees is illegal in the debt settlement industry anyway. Check with Countrywide Debt Relief LLC for more details on their guarantee.

What is the minimum debt Countrywide Debt Relief will consider?

Does Countrywide Debt Relief perform its own servicing in-house?

Yes, Countrywide Debt Relief employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.

What accreditations does Countrywide Debt Relief have?

The two main trade associations in the debt relief services space are the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA).

• Countrywide Debt Relief is an accredited AFCC member.
• Countrywide Debt Relief is not an IAPDA member.

Is Countrywide Debt Relief LLC a legit company?

Countrywide Debt Relief LLC was founded in 2008, it is a well-established company that has been in business for 15 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.