Last Updated: 04/18/2025
First Choice Credit Management
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Last Updated: 04/18/2025
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Highlights
Minimum Debt Owed
$7,000
Settlement Fee %
22%(Verified 06/21/2024)
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Monthly Service Fee
$0(Verified 06/21/2024)
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First Choice Credit Management Review
First Choice Credit Management is a debt settlement company based in West Palm Beach, FL. It offers debt relief services to borrowers in 27 state across the USA. Founded in 2009, it is a well-established company that has been in business for over 10 years.
Key Takeaways
- Low debt minimum. First Choice Credit Management stands out from the competition because it only requires clients to have a minimum balance of $7,000. Most firms require at least $10,000 of unsecured debt. On the other hand, it will only help settle individual accounts with a balance of at least $400 or more per account.
- ACDR and IAPDA accredited. First Choice Credit Management 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. First Choice Credit Management has been in business for 17 years.
- Only considers unsecured debts. First Choice Credit Management will only settle unsecured debts. These include credit card accounts and personal loans.
- Only available in some states. First Choice Credit Management is only available in 27 states.
First Choice Credit Management Pros & Cons
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First Choice Credit Management FAQ
What does First Choice Credit Management do?
First Choice Credit Management offers debt relief services for the following types of debt:
- Unsecured debt, such as credit card debt, medical debt, and personal loans.
What does First Choice Credit Management charge?
First Choice Credit Management charges a settlement fee based on the debt handled. Instead of monthly payments or upfront fees, First Choice Credit Management 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.
First Choice Credit Management settlement fees are 22% of the enrolled debt.
Debt relief fees and settlement terms can vary based on your state and individual circumstances, so it’s best to speak directly with First Choice Credit Management for an accurate quote.
Does First Choice Credit Management offer a guarantee?
No, First Choice Credit Management 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 First Choice Credit Management will consider?
First Choice Credit Management is recommended for customers with an unsecured debt of $7,000 or more. Customers with less than $7,000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.Does First Choice Credit Management perform its own servicing in-house?
Yes, First Choice Credit Management employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.
What accreditations does First Choice Credit Management 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).
- First Choice Credit Management is an accredited ACDR member.
- First Choice Credit Management is an IAPDA member.
Is First Choice Credit Management LLC a legit company?
First Choice Credit Management LLC was founded in 2009, it is a well-established company that has been in business for 17 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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Message from First Choice Credit Management
Hours of Operation
Sunday
9:00AM - 2:00PM
Monday
9:00AM - 7:00PM
Tuesday
9:00AM - 7:00PM
Wednesday
9:00AM - 7:00PM
Thursday
9:00AM - 7:00PM
Friday
9:00AM - 7:00PM
Saturday
9:00AM - 2:00PM