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CreditAssociates Debt Relief

in Debt Settlement Companies from CreditAssociates LLC

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CreditAssociates Debt Relief

Unaffiliated

in Debt Settlement Companies from CreditAssociates LLC

Net Recommendation Score +100%

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Highlights
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Community Rating

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% of Debt Fee 25%
Minimum Debt Owed $7,500

CreditAssociates Debt Relief Review

Where does CreditAssociates Debt Relief do business?

CreditAssociates Debt Relief is a debt settlement company based in Dallas, TX. It offers debt relief services to borrowers in 28 states (and Washington, DC). CreditAssociates Debt Relief is a newly formed company that has been in business for less than a year.

Key takeaways:

  • Low debt minimum. CreditAssociates Debt Relief stands out from the competition because it only requires clients to have a minimum balance of $7,500. Most firms require at least $10,000 of unsecured debt.
  • Performance-based fees. CreditAssociates Debt Relief bases its fees on how much you save when a settlement is accepted and not on the total debt enrolled like most debt settlement firms do.
  • AFCC member. CreditAssociates 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).
  • Types of debt settled. CreditAssociates Debt Relief will only settle unsecured debts. These include credit card accounts, personal loans, payday loans, and medical bills.
  • Does not charge a monthly fee. Unlike some debt relief firms, CreditAssociates Debt Relief does not charge a consultancy fee for additional services.
  • Only available in some states. CreditAssociates Debt Relief is only available in 28 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.
  • Customer service availability. CreditAssociates Debt Relief is closed Saturdays and Sundays, but users can track the progress of their settlement accounts at any time by logging onto their online account.

CreditAssociates Debt Relief Pros and Cons:

Pros Cons
  • No monthly consultancy fee
  • Low minimum debt
  • AFCC member
  • Does not have IAPDA accredited debt specialists
  • Debt relief services only available in 28 states

What does CreditAssociates Debt Relief do?

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

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

What does CreditAssociates Debt Relief charge?

CreditAssociates 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.

CreditAssociates Debt Relief charges fees of 25% of the enrolled debt.

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

Does CreditAssociates Debt Relief offer a guarantee?

No, CreditAssociates Debt Relief does not have a money back guarantee. Some debt settlement companies advertise a money-back guarantee that typically states you won't be charged until your debt is settled. However, it is illegal for debt settlement companies to charge upfront fees before an account is settled. So these guarantees offer little added value to consumers.

What is the minimum debt CreditAssociates Debt Relief will consider?

CreditAssociates Debt Relief will only consider customers with unsecured debt of $7,500 or more. Customers with less than $7,500 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.

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

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

What accreditations does CreditAssociates 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).

  • CreditAssociates Debt Relief is an accredited AFCC member.
  • CreditAssociates Debt Relief is not an IAPDA member.
CREDITASSOCIATES DEBT RELIEF Disclosure: Individual results will vary based on ability to save sufficient funds and complete the program, the creditors in your individual portfolio, and amount of debt enrolled. Statements made are examples of past performance and are not intended to be a guarantee that your debt balances will be lowered by a specific amount or percentage, that you will be debt free within a specific time period, or a guarantee of future settlement results. While our program works aggressively to reduce your debt balances, creditors are under no contractual obligation to negotiate or accept settlement offers. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice and we do not provide credit repair services. Please contact a tax professional to discuss tax consequences of debt settlement. Our services are not valid in all states CreditAssociates, LLC is not a lender, creditor or debt collector. Approval for our debt relief program is contingent on having $7500 or more in debt and a quantifiable hardship. Information used in this offer was obtained from public records and any person can opt out by going to: www.mail-opt-out.org.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  •   5050 Quorum Dr.
    Suite 700
    Dallas, TX 75254
  •   Visit Site

Hours of Operation

Central Time
  • Sunday Closed
  • Monday 3:00pm - 7:00pm
  • Tuesday 11:00am - 7:00pm
  • Wednesday 9:00am - 7:00pm
  • Thursday 9:00am - 7:00pm
  • Friday 9:00am - 7:00pm
  • Saturday Closed

About CreditAssociates Debt Relief

Message From CreditAssociates LLC

We believe you shouldn’t have to spend the rest of your life paying off credit-card debt. We understand the frustration you must have when trying to deal with debt on your own, which is why we've helped resolve over 270,000 accounts for people just like you across the country.

Availability

  Available in 28 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Washington, DC
  • Florida
  • Hawaii
  • Indiana
  • Kentucky
  • Maryland
  • Massachusetts
  • Michigan
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Oklahoma
  • Pennsylvania
  • South Dakota
  • Tennessee
  • Texas
  • Virginia
  • Wisconsin

Feature Breakdown

Monthly Fee $0
No Monthly Consultancy Fee  
% of Debt Fee 25%
Debt Type Unsecured Debt
Minimum Debt Owed $7,500
Program Length 24 - 36
AFCC Member  
Contingency Model  
Free Consultation  
In-House Servicing  

CreditAssociates Debt Relief Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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