Elite Financial Services Overview
Elite Financial Services is a debt relief company based in Beverly, MA. The company, which has approximately 20 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 offers a free initial consultation and charges clients a settlement fee once the company settles an enrolled account. In general, clients can expect this fee to ultimately be somewhere between 13% to 23% of their enrolled debt.
How Is Elite Financial Services Better Than Other Debt Settlement Companies?
• Elite Financial Services has been in business for 10 years.
• The company assists clients with debt totals as low as $5,000.
• The company has an A+ rating with the BBB.
• The company is a member of two debt settlement trade associations: IAPDA and USOBA.
• The company has a performance-based fee schedule.
• The company provides free educational material and self-help tools.
Minimum Debt Owed
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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Initially, I? was pleased with Elite and was excited to be on a plan to end my credit card debt.My upset came toward the end of my settlement. I? was called by a representative who offered me a settlement if I? could come up with an additional 1060. over and above my monthly payment of $468. This was difficult, and I? had done this 2 previous times. I? clearly asked how making this additional payment would effect my agreement. I? was given a date that would be my last payment. ...
This sounded good to me so I? agreed, on a recorded line, and made the 1060. payment. My last payment came out on the the date we had agreed to and I? was curious how the account is closed out, so I? gave a call. Imagine my surprise when they told me that the original date was wrong and would need to pay $468. for an additional 3 more months. I? insisted that an error had been made as I? took careful notes of our conversations. I requested a call back from the person who had given me my ending date....NOTHING! Two weeks passed and still no communication returned from this company! Finally, I? was able to reach the person who politely told me she had made a mistake, and someone should have called me months ago. I? explained that I? entered into a verbal agreement and was promised my payments would end on a given date. They kept referring to it as “an honest mistake.” When I? asked to speak to someone higher up, the manager got on the phone and said to me, “ Let me ask you, are you perfect? Have you never made a mistake?” I? was appalled!
I? asked them to honor the agreement they made with me on a recorded line, and they refused! I? am still feeling I? have not finished with this . At this point, I? could never recommend this company. I? never missed one payment and even paid extra 3 different times.For this company to not withhold their agreeament tells me exactly what type of business you are dealing with. Hard leassoned learned. Should this company make this situation right, going forward, I? will post that as well. As of now... they have refused.
Elite Financial helped me get out of almost $40,000 in credit card debt in about 3 years. They saved me over $25,000! Their program was very straight forward and they did exactly what they told me they would. I recommend them to anyone struggling with credit card debt!
Elite Financial has truly changed my life. Nobody ever chooses to be in debt. It is stressful and traumatic. When I made the decision to call Elite Financial for help I was scared, I was worried I would be judged and ridiculed; but I can honestly say I received so much support. It has been a very positive experience. My Client Service Representative Donna has been amazing! You can tell she truly cares and it is not an act. Everything she does is focused on helping my family. Even a ...
simple thank you is not enough for everything she and Elite Financial have done for me. The process has been so quick. I never thought I would see relief so soon after I contacted the company.
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.
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!
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!
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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