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First Choice Credit Management

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First Choice Credit Management

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Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

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Highlights
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Community Rating

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% of Debt Fee 22%
Minimum Debt Owed $7,000

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. First Choice Credit Management is a newly formed company that has been in business for less than a year.

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.
  • 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).
  • Types of debt settled. First Choice Credit Management will only settle unsecured debts. These include credit card accounts, personal loans, payday loans, and medical bills.
  • 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 allows users to track the progress of their settlement online. It also provides customer support seven days a week.
First Choice Credit Management Pros & Cons
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.
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, personal loans and medical debt

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.

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Contact

  • Headquarters
  •   1665 Palm Beach Lakes
    Suite 800
    West Palm Beach, FL 33401
  •   Visit Site

Hours of Operation

Eastern Time
  • 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

About First Choice Credit Management

Availability

  Available in 27 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Florida
  • Idaho
  • Indiana
  • Kentucky
  • Maryland
  • Massachusetts
  • Michigan
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Mexico
  • New York
  • North Carolina
  • Oklahoma
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Wisconsin

Feature Breakdown

Monthly Fee $0
% of Debt Fee 22%
Debt Type Unsecured Debt
Minimum Debt per Account $400
Minimum Debt Owed $7,000
AFCC Member  
Contingency Model  
IAPDA Member  
In-House Servicing  

First Choice Credit Management Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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