Credit Nova

Credit Nova Review

Credit Nova is a debt settlement company based in , . It offers debt relief services to borrowers in 50 states (and Washington, DC). Credit Nova was founded in 2020. It is an established company that has been in business for 3 years.

Key Takeaways

• Low debt minimum. Credit Nova stands out from the competition because it only requires clients to have a minimum balance of $8,000. Most firms require at least $10,000 of unsecured debt. On the other hand, it will only help settle individual accounts with a balance of at least $500 or more per account.
• Not accredited by the AFCC or the IAPDA. Credit Nova is not a member of the American Fair Credit Council (AFCC), which is the major trade association for the debt settlement industry. Furthermore, it does not invest in the accreditation of its debt resolution specialists by the International Association of Professional Debt Arbitrators (IAPDA) either.
• New firm. Credit Nova has only been in business for 3 years.
• Types of debt settled. Credit Nova will only settle unsecured debts. These include credit card accounts, personal loans, and payday loans.
• Available in most states. Credit Nova is available in 50 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.

Credit Nova Pros & Cons

Credit Nova FAQ

What does Credit Nova do?

Credit Nova offers debt relief services for the following types of debt:

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

What does Credit Nova charge?

Credit Nova charges fees for their service but they do not disclose their specifc rates.

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

Does Credit Nova offer a guarantee?

Yes, Credit Nova 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 Credit Nova for more details on their guarantee.

What is the minimum debt Credit Nova will consider?

Does Credit Nova perform its own servicing in-house?

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

What accreditations does Credit Nova 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).

• Credit Nova is not an accredited AFCC member.
• Credit Nova is not an IAPDA member.

Is Credit Nova a legit company?

Credit Nova was founded in 2020. It is an established company that has been in business for 3 years.

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