Last Updated: 04/18/2025
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Highlights
Minimum Debt Owed
$7,500
Settlement Fee %
Starting at 15%(Verified 06/21/2024)
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Monthly Service Fee
$0(Verified 06/21/2024)
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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 company 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.
- ACDR and IAPDA accredited. Debt Point is a member of the Association for Consumer Debt Relief (ACDR), 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 company. Debt Point has been in business for 24 years.
- Only considers unsecured debts. Debt Point will only settle unsecured debts. These include credit card accounts and personal loans.
- Available in most states. Debt Point is available in 50 states, and Washington, DC.
Debt Point Pros & Cons
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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, medical debt, and personal loans.
What does Debt Point charge?
Debt Point charges a settlement fee based on the debt handled. Instead of monthly payments or upfront fees, Debt Point only collects a fee once a settlement has been reached. Fees are calculated as a percentage of the enrolled debt and may vary by state. Across the industry, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt before fees.
Debt Point settlement fees are about 15% of the enrolled debt, though this can vary by state.
Debt relief fees and settlement terms can vary based on your state and individual circumstances, so it’s best to speak directly with Debt Point for 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 is recommended for customers with an 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 Association for Consumer Debt Relief (ACDR) and the International Association of Professional Debt Arbitrators (IAPDA).
- Debt Point is an accredited ACDR 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 24 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Message from Debt Point
Contact
Headquarters
Hours of Operation
Sunday
6:00AM - 7:00PM
Monday
5:00AM - 7:00PM
Tuesday
5:00AM - 7:00PM
Wednesday
5:00AM - 7:00PM
Thursday
5:00AM - 7:00PM
Friday
5:00AM - 7:00PM
Saturday
6:00AM - 7:00PM