Elite Financial Services is a debt settlement company based in Beverly, MA. The company was founded in 2007 and offers debt relief services to borrowers in 19 states (and Washington, DC).
Elite Financial Services offers debt relief services for the following types of debt:
Elite Financial Services 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. Elite Financial Services's fees start at 13% and go up to 23% 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 Elite Financial Services directly to determine an accurate quote.
No, Elite Financial Services does not offer a money back guarantee.
Elite Financial Services will only consider customers with unsecured debt of $5000 or more. Customers with less than $5000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.
Yes, Elite Financial Services employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.
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). Elite Financial Services is not an accredited AFCC member. Elite Financial Services is an IAPDA member.