Where does Debtmerica Relief do business?
Debtmerica Relief is a debt settlement company based in Santa Ana, CA. The company was founded in 2006 and offers debt relief services to borrowers in 40 states (and Washington, DC).
What does Debtmerica Relief do?
Debtmerica Relief offers debt relief services for the following types of debt:
- Unsecured debt, such as credit card debt, personal loans and medical debt
- 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's fees start at 18% and go up to 24% 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 offers a money back guarantee. Visit their website for more details.
What is the minimum debt Debtmerica Relief will consider?
Debtmerica Relief will only consider customers with unsecured debt of $10000 or more. Customers with less than $10000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.
Does Debtmerica Relief perform its own servicing in-house?
Yes, Debtmerica Relief employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.
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.
How does Debtmerica Relief describe itself?
The Debtmerica Relief team has had one vision since inception – to help Americans nationwide attain financial independence.
Minimum Debt Owed
- Unsecured Debt
- Business Debt
* Clients that are able to make the monthly program payments generally experience a 50% reduction of their enrolled balance before fees, or approximately a 29% reduction after payment of fees over a 24-48 month period. Individual results may vary based on ability to save sufficient funds and complete the program, the creditors in your individual portfolio, and amount of debt enrolled. Statements made are examples of past performance and are not intended to be a guarantee that your debt balances will be lowered by a specific amount or percentage, that you will be debt free within a specific time period, or a guarantee of future settlement results. Debtmerica, LLC is a front-end service provider and you will be enrolled in one of its affiliate’s debt settlement programs, in accordance with the program’s qualification requirements. If you are enrolled in one of Debtmerica, LLC’s, affiliate’s performance based programs, Debtmerica, LLC and/or its affiliate will not receive any fees until the terms of your debt have been altered with one or more of your creditors. However, if you are enrolled in one of Debtmerica, LLC’s, affiliate’s attorney-based debt settlement programs, then Debtmerica, LLC and/or its affiliate may receive fees prior to any settlement being obtained with a creditor. While our programs work aggressively to reduce your debt balances, creditors are under no contractual obligation to negotiate or accept settlement offers. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice and we do not provide credit repair services. Please contact a tax professional to discuss tax consequences of debt settlement.
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