Elite Financial Services is a debt relief company based in Saugus, MA. The company, which has approximately 35 employees, was launched in 2007 and has an A+ rating with the BBB. Elite Financial Services is a member of the IAPDA (International Association of Professional Debt Arbitrators) and the United States Organizations for Bankruptcy Alternatives (USOBA).

How Does Elite Financial Services Work?

Elite Financial Services helps clients set up an affordable monthly payment, stop harassing creditor calls, and negotiate with creditors for a debt reduction. Elite Financial Services follows the FTC law banning companies from charging fees for accounts that have not been settled. That means you don´t have to pay a cent until they have settled a debt. Elite Financial Services has helped thousands of clients repay their debts in as little as 12-36 months.

How Much Does Elite Financial Services Charge?

Elite Financial Services does not provide specifics of their fees until you go through a personalized assessment and they provide a debt relief agreement. When we called, they were unable or unwilling to provide specifics on their fee schedule. Most leading companies provide the range of fees they charge clients even though fees do change depending on the program chosen. This lack of transparency in pricing is a red flag.

How Is Elite Financial Services Better Than Other Debt Settlement Companies?

• Elite Financial Services has been in business for 8 years.
• It has an A+ rating with the BBB
• Is a member of the two debt settlement trade associations: IAPDA and USOBA
• It has a performance based fee schedule
• It provides free educational material and self-help tools.

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

I hired elite financial to assist with my debt I was having trouble with. The first 3 months I was fairly happy with them and the collections department did stop calling. From then on elite called monthly wanting more money. They sat my account with global solutions which is a complete different company. Global solutions takes the money from your checking account and somehow elite financial gets the money from them. Anyway, our agreement was 312 dollars per month for 3 years. At the end of 3 years i ... still had 3 debts that elite had not settled so they wanted me to extend for 2 additional months which i did. After the 2 additional months i still owed over 600 dollars. I told elite that were fired and I would handle the debt myself only when I called the collections company to pay the debt I was told I couldn't pay it because I had given elite power of attorney over my debt .What I mess! Please, please save yourself and just settle your debts on your own. Elite is an awful company. They have only made things worse. More Less

0 votes

I had a very positive experience as a customer with Elite Financial Services. My Client Services Representative was very effective and professional in dealing with my situation. I would certainly enroll in the program again and would recommend this firm to family members and friends. (Hopefully I will never need their assistance again though!) I am a VERY satisfied customer!

0 votes

I signed up with Elite Financial in early 2008 for 3 years. My debt was paid off in a year and a half. Elite was so helpful. Thanks to them, everything went fast and very well. I would recommend them and especially J** to any of my friends.

Thank you all!

0 votes

My sister actually referred me to Elite Financial Services after she used them a couple years ago. I was about to file bankruptcy and she told me to contact them first. I did and I'm happy to report that they've helped me resolve about 30k in credit card debt. It was the best decision to avoid bankruptcy and EFS helped me do that.

0 votes

I didn't end up using Elite Financial and I'm happy because they did not put me at ease about my debt. I felt like they were trying to sell me something over the phone and I just did not like it. They seemed to be salespeople and not a company that is supposed to help me out of debt.

0 votes

So, in my search for a debt relief firm, I put my contact info into a site that recommends companies. I soon received a call from a nice enough person who requested more info about my debt. I asked a couple questions, and the woman didn't seem to want to answer them honestly. I felt somewhat belittled. Because of this interaction, I got debt help elsewhere.

0 votes

The people at Elite delivered on what they said they would do. They helped me get rid of $20,000 in debts in about 2 years. Everyone was great to work with and very helpful.

0 votes

Couldn't be happier with Elite. The reps there are super nice and explain everything up front. Everyone was really knowledgeable and there were never any surprises. They went above and beyond for my debt resolution and I cannot recommend them more. If I ever have the need again, they will be the first company I turn to.

0 votes

I honestly couldn't believe how much Elite saved me on all of my debt. It was just over 50%, which is incredible. The representative I worked with was very nice and there along the way. After dealing with mounting debt for so long, it is such a relief to be on the right track.

0 votes

This company is a great option for saving you financially. My monthly bill from all my credit cards was just TOO much. I could not handle it with all my other bills. I went from 60,000 to 20,000. I paid that off and now I'm debt free! Elite is a great company.

0 votes

The Elite Financial Services representatives work tirelessly to find the best solution for your debt problem. I am making my last payment this month and I honestly can't believe that my debt is gone. GONE. All thanks to Elite. They are highly recommended when it comes to debt relief.

0 votes

In only eight months, my debt was settled. I feel so extremely lucky to have found this company. The two reps I worked with were wonderful and called regularly to check in. I appreciate everything they've done for me. I feel like a brick has been lifted off my shoulders.

0 votes

I had such an awful experience with Elite. I mean, from the get go, I could tell something was fishy. I ended up paying around 700 dollars a month for their services, which didn't really even help me in the long run. I've since ended my relationship with them and I have to say it's one of the best things I've done in a long time.

0 votes

If you are serious about debt relief, do not use Elite Financial Services. After a couple years with them, I have yet to see any sort of relief or consolidation for a couple of my debts. They have rude representatives, rude managers, and I very much regret giving them so much of my time and money.

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