Last Updated: 04/18/2025
SuperMoney User Recommendation Score +20
Mostly recommended15 total votes
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Highlights
Community Rating
Mostly recommended
Minimum Debt Owed
$10,000
Settlement Fee %
15% - 27%(Verified 06/21/2024)
Monthly Service Fee
$0(Verified 06/21/2024)
Number of Reviews
GreenSpot Funding Review
GreenSpot Funding is a consumer and small business finance company based in Boca Raton, FL. It offers loan services, along with a variety debt elimination programs to borrowers in 42 states (and Washington, DC). GreenSpot Funding was founded in 2017. It is an established company that has been in business for 6 years.
Key Takeaways
- Minimum debt balance of $10,000. GreenSpot Funding only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies. However, it will also only settle individual accounts if they have a balance of $500 or more per account.
- Not accredited by the ACDR or the IAPDA. GreenSpot Funding is not a member of the Association for Consumer Debt Relief (ACDR), which is the major trade association for the debt settlement industry. Furthermore, it does not invest in the accreditation of its debt resolution specialists by the International Association of Professional Debt Arbitrators (IAPDA) either.
- Established company. GreenSpot Funding has been in business for 9 years.
- Multipe types of debt settled. GreenSpot Funding settles all types of unsecured debt and business debt. Unsecured debt includes credit card debt, personal loans, and certain types of student loans.
- Available in most states. GreenSpot Funding is available in 42 states, and Washington, DC.
GreenSpot Funding Pros & Cons
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GreenSpot Funding FAQ
What does GreenSpot Funding do?
GreenSpot Funding offers debt relief services for the following types of debt:
- Unsecured debt, such as credit card debt, medical debt, and personal loans.
- Business debt.
What does GreenSpot Funding charge?
GreenSpot Funding settlement fees typically range from 15% of the enrolled debt up to 27% of the enrolled debt, depending on state regulations.
Debt relief fees and settlement terms can vary based on your state and individual circumstances, so it’s best to speak directly with GreenSpot Funding for an accurate quote.
Does GreenSpot Funding offer a guarantee?
Yes, GreenSpot Funding does advertise a program guarantee and you won't be charged any fees until your debts are settled. Charging upfront fees is illegal in the debt settlement industry anyway. Check with Premlo Inc for more details on their guarantee.
What is the minimum debt GreenSpot Funding will consider?
GreenSpot Funding is recommended for customers with an unsecured debt of $10,000 or more. Customers with less than $10,000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.Does GreenSpot Funding perform its own servicing in-house?
No, GreenSpot Funding partners with third party service providers who negotiate on behalf of the clients they enroll.
What accreditations does GreenSpot Funding 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).
- GreenSpot Funding is not an accredited ACDR member.
- GreenSpot Funding is not an IAPDA member.
Is Premlo Inc a legit company?
Premlo Inc was founded in 2017, it is a well-established company that has been in business for 9 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 6:00PM
Tuesday
9:00AM - 6:00PM
Wednesday
9:00AM - 6:00PM
Thursday
9:00AM - 6:00PM
Friday
9:00AM - 6:00PM
Saturday
Closed