Debt Point

Debt Point Review

Debt Point is a debt settlement company based in San Antonio, TX. It offers debt relief services to borrowers in 50 states (and Washington, DC). Founded in 2002, it is a well-established firm that has been in business for over 20 years.

Key Takeaways

• Low debt minimum. Debt Point 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.
• AFCC and IAPDA accredited. Debt Point 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).
• Well-established firm. Debt Point has been in business for 21 years.
• Types of debt settled. Debt Point will only settle unsecured debts. These include credit card accounts, personal loans, and payday loans.
• Available in most states. Debt Point is available in 50 states.
• Does not service its own debt relief cases. Debt Point uses a third-party company to service debt settlement accounts.
• Customer service availability. Debt Point provides customer support seven days a week.

Debt Point Pros & Cons

Pros	Cons
Lower than average fees No monthly consultancy fee Low minimum debt Has IAPDA accredited debt specialists on staff AFCC member

Debt Point FAQ

What does Debt Point do?

Debt Point offers debt relief services for the following types of debt:

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

What does Debt Point charge?

Debt Point 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.

Debt Point charges fees that range from 15% of the enrolled debt up to 30% 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 Debt Point directly to determine an accurate quote.

Does Debt Point offer a guarantee?

No, Debt Point 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 Debt Point will consider?

Debt Point 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 Debt Point perform its own servicing in-house?

No, Debt Point partners with third party service providers who negotiate on behalf of the clients they enroll.

What accreditations does Debt Point 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).

• Debt Point is an accredited AFCC member.
• Debt Point is an IAPDA member.

Is Debt Point Inc. a legit company?

Debt Point Inc. was founded in 2002, it is a well-established company that has been in business for 21 years.

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