Last Updated: 04/18/2025
Elite Financial Services
Unaffiliated
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +43
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Elite Financial Services Review
Key Takeaways
- Minimum debt balance of $10,000. Elite Financial Services 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.
- ACDR and IAPDA accredited. Elite Financial Services is a member of the Association for Consumer Debt Relief (ACDR), 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 company. Elite Financial Services has been in business for 19 years.
- Only considers unsecured debts. Elite Financial Services will only settle unsecured debts. These include credit card accounts and personal loans.
- Only available in some states. Elite Financial Services is only available in 21 states, and Washington, DC.
Elite Financial Services Pros & Cons
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Elite Financial Services FAQ
What does Elite Financial Services do?
- Unsecured debt, such as credit card debt, medical debt, and personal loans.
What does Elite Financial Services charge?
Does Elite Financial Services offer a guarantee?
No, Elite Financial Services does not have a money back guarantee. Some debt settlement companies advertise a money-back guarantee that typically states you won't be charged until your debt is settled. However, it is illegal for debt settlement companies to charge upfront fees before an account is settled. So these guarantees offer little added value to consumers.What is the minimum debt Elite Financial Services will consider?
Elite Financial Services 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 Elite Financial Services perform its own servicing in-house?
What accreditations does Elite Financial Services have?
- Elite Financial Services is an accredited ACDR member.
- Elite Financial Services is an IAPDA member.
Is Elite Financial Services Inc. a legit company?
Elite Financial Services Disclosure: Elite Financial Services (EFS) is a debt settlement company. EFS does not provide the following services: credit counseling, credit repair, legal advice, debt consolidation loans, tax services, account services, or loans. If you require legal advice seek the advice of a licensed attorney. EFS does not make regular monthly payments to a client’s creditors. EFS cannot guarantee that your debt will settle for any particular percentage within any particular time period. Individual results may vary. EFS services are not available in all states and the fees may vary from state to state due to individual state regulations. Information obtained through the completion of the form above will be used to contact potential consumers interested in debt settlement.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.