CreditAssociates

CreditAssociates Review

CreditAssociates LLC is a debt settlement company based in Dallas, TX. It offers debt relief services to borrowers in 31 states (and Washington, DC). CreditAssociates was founded in 2015. It is an established company that has been in business for 8 years.

• Minimum debt balance of $10,000. CreditAssociates only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies.
• Performance-based fees. CreditAssociates 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 and IAPDA accredited. CreditAssociates is a member of the American Fair Credit Council (AFCC), which is the largest trade association for the debt settlement industry. It also employs debt resolution specialists that have been trained and accredited by the International Association of Professional Debt Arbitrators (IAPDA).
• Established company. CreditAssociates has been in business for 8 years.
• Types of debt settled. CreditAssociates will only settle unsecured debts. These include credit card accounts, personal loans, and payday loans.
• Available in most states. CreditAssociates is available in 31 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 LLC Users can track the progress of their settlement accounts at any time by logging onto their online account. It is strongly recommended by SuperMoney users for its customer service.

What does CreditAssociates LLC do?

CreditAssociates LLC offers debt relief services for the following types of debt:

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

What does CreditAssociates LLC charge?

CreditAssociates LLC 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 LLC 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 LLC directly to determine an accurate quote.

Does CreditAssociates LLC offer a guarantee?

Yes, CreditAssociates LLC 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 CreditAssociates LLC for more details on their guarantee.

What is the minimum debt CreditAssociates LLC will consider?

Does CreditAssociates LLC perform its own servicing in-house?

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

What accreditations does CreditAssociates LLC 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 LLC is an accredited AFCC member.
• CreditAssociates LLC is an IAPDA member.