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.

• 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.
• AFCC and IAPDA accredited. First Choice Credit Management is a member of the American Fair Credit Council (AFCC), 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 firm. First Choice Credit Management has been in business for 12 years.
• Types of debt settled. First Choice Credit Management will only settle unsecured debts. These include credit card accounts, personal loans, and payday loans.
• Only available in some states. First Choice Credit Management is only available in 27 states.
• Offers in-house debt relief services. Some debt settlement companies act as intermediaries for larger firms. This company uses its own staff to handle debt settlement accounts.
• Customer service availability. First Choice Credit Management LLC allows users to track the progress of their settlement online. It also provides customer support seven days a week.

Pros	Cons
Experience and ability to offer multiple programs opposed to a one-size-fits all approach No monthly consultancy fee Low minimum debt Has IAPDA accredited debt specialists on staff AFCC member	Debt relief services only available in 27 states Requires a minimum balance of $400 per account.

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 and personal loans.

What does First Choice Credit Management charge?

First Choice Credit Management 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.

First Choice Credit Management charges fees of 22% of the enrolled debt.

Debt relief service pricing / costs can vary greatly from one client to another so it's best to speak to First Choice Credit Management directly to determine 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 will only consider customers with 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 American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA).

• First Choice Credit Management is an accredited AFCC member.
• First Choice Credit Management is an IAPDA member.