Debtmerica Relief

Debtmerica Relief Review

Debtmerica Relief is a debt settlement company based in Santa Ana, CA. It offers debt relief services to borrowers in 27 states (and Washington, DC). Founded in 2006, it is a well-established company that has been in business for over 10 years.

Key Takeaways

• Minimum debt balance of $10,000. Debtmerica Relief only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies.
• AFCC and IAPDA accredited. Debtmerica Relief 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. Debtmerica Relief has been in business for 17 years.
• Types of debt settled. Debtmerica Relief settles all types of unsecured debt and business debt. Unsecured debt includes credit card debt, personal loans, payday loans, and certain types of student loans.
• Only available in some states. Debtmerica Relief is only available in 27 states.
• Does not service its own debt relief cases. Debtmerica Relief uses a third-party company to service debt settlement accounts.
• Customer service availability. Debtmerica Relief 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.

Debtmerica Relief Pros & Cons

Debtmerica Relief FAQ

What does Debtmerica Relief do?

Debtmerica Relief offers debt relief services for the following types of debt:

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

What does Debtmerica Relief charge?

Debtmerica 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.

Debtmerica Relief charges fees that range from 18.25% of the enrolled debt up to 25% 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 Debtmerica Relief directly to determine an accurate quote.

Does Debtmerica Relief offer a guarantee?

Yes, Debtmerica Relief 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 Debtmerica Relief LLC for more details on their guarantee.

What is the minimum debt Debtmerica Relief will consider?

Does Debtmerica Relief perform its own servicing in-house?

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

What accreditations does Debtmerica 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).

• Debtmerica Relief is an accredited AFCC member.
• Debtmerica Relief is an IAPDA member.

Is Debtmerica Relief LLC a legit company?

Debtmerica Relief LLC was founded in 2006, it is a well-established company that has been in business for 17 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.