Last Updated: 05/14/2025
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Highlights
Minimum Debt Owed
$10,000
Settlement Fee %
18% - 28%(Verified 06/21/2024)
Monthly Service Fee
$0(Verified 06/21/2024)
Diamond Debt Relief Review
Diamond Debt Relief is a debt settlement company based in New York, NY. It offers debt relief services to borrowers in 38 state across the USA. Diamond Debt Relief was founded in 2021. It is an established company that has been in business for 5 years.
Key Takeaways
- Minimum debt balance of $10,000. Diamond Debt Relief only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies. However, it will also only settle individual accounts if they have a balance of $500 or more per account.
- IAPDA accredited. Diamond Debt Relief invests in the training and accreditation of its debt resolution specialists by the International Association of Professional Debt Arbitrators (IAPDA). However, it's not a member of the Association for Consumer Debt Relief (ACDR), the debt settlement industry's major trade association.
- Established company. Diamond Debt Relief has been in business for 5 years.
- Multipe types of debt settled. Diamond Debt Relief settles all types of unsecured debt and business debt. Unsecured debt includes credit card debt, personal loans, and certain types of student loans.
- Available in most states. Diamond Debt Relief is available in 38 states.
Diamond Debt Relief Pros & Cons
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Diamond Debt Relief FAQ
What does Diamond Debt Relief do?
Diamond Debt 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 Diamond Debt Relief charge?
Diamond Debt Relief charges a settlement fee based on the debt handled. Instead of monthly payments or upfront fees, Diamond Debt Relief 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.
Diamond Debt Relief settlement fees typically range from 18% of the enrolled debt up to 28% of the enrolled debt, depending on state regulations.
Debt relief fees and settlement terms can vary based on your state and individual circumstances, so it’s best to speak directly with Diamond Debt Relief for an accurate quote.
Does Diamond Debt Relief offer a guarantee?
Yes, Diamond Debt Relief does advertise a program guarantee and you won't be charged any fees until your debts are settled. Charging upfront fees is illegal in the debt settlement industry anyway. Check with Diamond Debt Relief LLC for more details on their guarantee.
What is the minimum debt Diamond Debt Relief will consider?
Diamond Debt Relief is recommended for customers with an unsecured debt of $10,000 or more. Customers with less than $10,000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.Does Diamond Debt Relief perform its own servicing in-house?
No, Diamond Debt Relief partners with third party service providers who negotiate on behalf of the clients they enroll.
What accreditations does Diamond Debt Relief 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).
- Diamond Debt Relief is not an accredited ACDR member.
- Diamond Debt Relief is an IAPDA member.
Is Diamond Debt Relief a legit company?
Diamond Debt Relief was founded in 2021. It is an established company that has been in business for 5 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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Hours of Operation
Sunday
Closed
Monday
9:00AM - 6:00PM
Tuesday
9:00AM - 6:00PM
Wednesday
9:00AM - 6:00PM
Thursday
9:00AM - 6:00PM
Friday
9:00AM - 6:00PM
Saturday
Closed