Features

Debtmerica LLC is a debt resolution firm based in Orange County, California. It was founded in 2006 by Jesse Stockwell and Harry Langenberg, both graduates of the Wharton Business School at the University of Pennsylvania.

The firm is an accredited member of the American Fair Credit Council (AFCC), and all its consultants are certified by the International Association of Professional Debt Arbitrators, IAPDA. It has a BBB rating of A+, the highest rating possible. Since it was established, Debtmerica has helped over 20,000 clients resolve their debt problems.

What Type Of Debt Relief Services Does Debtmerica Offer?

Debtmerica provides debt settlement and debt negotiation services for unsecured loans, such as credit cards, personal loans, business loans, collection accounts, and medical debt. In certain cases, Debtmerica will also accept private student loans.

How Does Debtmerica Work?

First, debtors voluntarily stop making monthly payments to their creditors. Instead, they deposit monthly payments to an FDIC-insured savings account controlled solely by the client. These payments are determined by what the client can realistically afford and are usually much lower than minimum payments customers made before joining Debtmerica’s debt negotiation program.

For example, a typical Debtmerica client will owe around $30,000 in unsecured debt. This amounts to minimum payments ranging from $900 to $1,200 a month. Once they join Debtmerica’s debt settlement program, monthly payments will likely be reduced to $500 to $700.

Debtmerica’s debt consultants then use the money in the savings account to negotiate a settlement with the creditors. This process applies to every account in the program until each one is settled in full. Clients usually resolve their debt accounts within 24 to 48 months.

How Much Do Debtmerica's Services Cost?

Debtmerica’s programs are performance based; in other words, no fees are collected until a settlement occurs.  There are no upfront fees and all costs are included in the monthly program payment.  Fees vary from 20% to 24% of the enrolled debt depending on the amount of enrolled debt provided. When calculated over the course of a three to four-year program, this works out to an annual fee of 6% to 8% of the debt balance. 

Debtmerica only charges clients for its services when a case is settled. Clients generally obtain a 45% to 60% reduction of their enrolled debt. 

To illustrate, if you owe $30,000, and Debtmerica reduces your debt by 50%, you will pay your creditors $15,000 and Debtmerica $6,300 (average fee of 21%). A total saving of $8,700.

What Is the Minimum Debt Debtmerica Will Consider?

Debtmerica will generally only consider customers with $10,000 or more in debts. Although in some cases, clients with as little as $7,500 in debt are accepted.

How Is Debtmerica Better Than Other Debt Settlement Companies?

Debtmerica provides the following advantages:

- It is accredited by the American Fair Credit Council (AFCC)

- All its debt consultants are certified by the International Association of Professional Debt Arbitrators, IAPDA.

- BBB A+ Rating (Highest rating possible)

- Has helped over 20,000 clients since it was founded in 2006

- It offers debt negotiation and resolution services for most types of unsecured debt

- New customers receive a free initial consultation.

- Debtmerica doesn’t charge any fees until it has settled your account.

On the other hand:

-  Debtmerica does not accept customers with less than $7,500 in debt.

  • AFCC Member
  • IAPDA Member
  • Debt Reduced Fee
    18% - 24%
  • Money Back Guarantee
  • No Monthly Consultancy Fee
  • Min Debt Owed
    $10000
  • Debt Type
    Unsecured Debt
  • Contingency Model
  • Free Consultation
  • In-House Servicing
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0 votes

It was the best experience to deal with debt merica for they made getting out of debt and settling into the habit of saving money the most practical.


0 votes

I am very please with Debtmetica. I was able to used this company and helped a famlily that was paying so much in credit cards for many years, Debtmerica was able to put them on a plan that the family is very grateful and soon be debt FREE! The Staff is very helpful and always there to help.. I truly recommend Debtmerica I used their service for all my clients .


0 votes

Make sure you know that you owe taxes on your relieved debt according to what year it occurred! Debtmerica let me know and I'm glad they did, or else I'd be in tax debt now, too. They delivered on all of their promises and helped me out with a budget. I'd recommend them.

0 votes

After being laid off I was going to keep my good credit because potential employers won't hire dead beats. So I paid on my almost $30,000 worth of credit card debit like a good debtor. Well during that time there was a period where the government was trying to decide if they were going to extend unemployment. That lasted about eight weeks. Some happened during that time I could not pay my bills any more and I discovered that it did not hurt to not have good credit. That's when ... I decide that I need help. I am now in the finaly stretch of payin off everything. The feeling of knowing that in 2014 will be the first time since 1990 I will not have any more credit card debit. Oh what a beautiful feeling. More Less


0 votes

It was a really tough decision paying a company to relieve our debt, but I am glad we decided to do it with Debtmerica. They not only helped us with debt, they also helped us figure out a budget for every month and also helped us get into the habit of putting some money into savings.


0 votes

Debtmerica is the solution to your finacial debt problems. They are honest professionals with your your best interest in mind. They don't help consoldate your debts, they help eliminate your debt once and fo all. The best part is the interest on your debt problems stops with them. They set up an affordable plan for you without any continuing interest. Yes you can actually get out of debt in a very short time.


0 votes

So far, I think Debtmerica is a great company to work with for debt relief. Although, I do wish they would check in more often, just to see if anything has changed or updated. Other than that, I respect their services and cannot wait for the day I am completely debt free.


0 votes

The best part of Debtmerica is that you are no longer paying high interest on your debt. For me, that was the worst part. I ended up paying more in interest than in principle every month. They still charge interest, but it was always lower than what I was paying before. They are a caring group of individuals that actually wants to help you. I couldn't have asked for more.


0 votes

To be honest, I was skeptical that a company could completely relieve my debts. When they gave me the monthly payment, it was super affordable and based on my budget. A year later, and my debt is significantly paid down. I have a lot more to go, but I am pleased with the progress Debtmerica has allowed me to make.


0 votes

I was knocking on bankruptcies door when I contacted DebtMerica. I just couldn't handle the high interest payments anymore. Their efficient work allowed me to pay off the debt in a lot shorter period of time, and I couldn't be more relieved. The stress has lifted off my shoulders!

0 votes

My consultant was so easy to talk to. He really made it easy for me to talk about the difficult subject like credit. I learned so much! He was very informative and best of all, he save me money, in a very real way. Now I have breathing room, and I didn't have to declare BK! I just wanted to get my credit in order and they really took care of me. I cant stop telling my friends or family about them!

0 votes

Debtmerica made was there to help coach me through the entire process and my consultant was able to ease our concerns and kept me informed the entire process. I was in the program for 3 years and ave referred my friends to the same consultant also. Thank you for helping us avoid having to file for Bankruptcy.

0 votes

Debtmerica came through for my family in a huge way. They were very successful in reducing our credit card debt and helped us get through a very tough time without having to file for Bankruptcy. Thank you for all your help.


0 votes

I work in the financial field and have referred many clients to DebtMerica. After using them many years back, I knew they could help some of my current clients. Every person comes back and tells me how great they are. Expectations are usually met, and customer service is excellent.


0 votes

I put my trust into another debt relief company before, but I was SO SICK of the unexpected fees and ever-changing monthly payments. Fed up, I called Debtmerica as a last resort. They are completely different from the other companies I've tried. They do what they say, and I've never been charged anything extra. I always recommend Debtmerica to friends and family in need.


0 votes

I like that DebtMerica offers straightforward, to the point services. They also make sure that your expectations are realistic. No fluff here. No fog and mirror tricks. Only honest answers from people who want to help you. I'm working toward becoming debt free and it would not have been possible without this company.


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