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New Era Debt Solutions

in Debt Settlement Companies from New Era Debt Solutions Inc.

Unaffiliated Visit Site Get Debt Help Now Visit Site

New Era Debt Solutions

Unaffiliated

in Debt Settlement Companies from New Era Debt Solutions Inc.

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 16% - 20%
Minimum Debt Owed $7,500

New Era Debt Solutions Review

Where does New Era Debt Solutions do business?

New Era Debt Solutions is a debt settlement company based in Camarillo, CA. It offers debt relief services to borrowers in 42 states (and Washington, DC). Founded in 1999, it is a well-established firm that has been in business for over 20 years.

Key takeaways:

  • Low debt minimum. New Era Debt Solutions stands out from the competition because it only requires clients to have a minimum balance of $7,500. Most firms require at least $10,000 of unsecured debt.
  • Performance-based fees. New Era Debt Solutions bases its fees on how much you save when a settlement is accepted and not on the total debt enrolled like most debt settlement firms do.
  • IAPDA accredited. New Era Debt Solutions invests in the training and accreditation of its debt resolution specialists by the International Association of Professional Debt Arbitrators (IAPDA). However, it's not a member of the American Fair Credit Council (AFCC), the debt settlement industry's major trade association.
  • Not accredited by the AFCC or the IAPDA. New Era Debt Solutions is not a member of the American Fair Credit Council (AFCC), 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.
  • Well-established firm. New Era Debt Solutions has been in business for 21 years.
  • Types of debt settled. New Era Debt Solutions will only settle unsecured debts. These include credit card accounts, personal loans, payday loans, and medical bills.
  • Does not charge a monthly fee. Unlike some debt relief firms, New Era Debt Solutions does not charge a consultancy fee for additional services.
  • Available in most states. New Era Debt Solutions is available in 42 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.

New Era Debt Solutions Pros and Cons:

Pros Cons
  • Lower than average fees
  • No monthly consultancy fee
  • Low minimum debt
  • Has IAPDA accredited debt specialists on staff
  • Is not an AFCC member

What does New Era Debt Solutions do?

New Era Debt Solutions offers debt relief services for the following types of debt:

  • Unsecured debt, such as credit card debt, personal loans and medical debt

What does New Era Debt Solutions charge?

New Era Debt Solutions 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.

New Era Debt Solutions charges fees that range from 16% of the enrolled debt up to 20% of the enrolled debt, depending on the amount of enrolled debt provided.

Debt relief service pricing / costs can vary greatly from one client to another so it's best to speak to New Era Debt Solutions directly to determine an accurate quote.

Does New Era Debt Solutions offer a guarantee?

No, New Era Debt Solutions 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 New Era Debt Solutions will consider?

New Era Debt Solutions will only consider customers with unsecured debt of $7,500 or more. Customers with less than $7,500 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.

Does New Era Debt Solutions perform its own servicing in-house?

Yes, New Era Debt Solutions employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.

What accreditations does New Era Debt Solutions 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).

  • New Era Debt Solutions is not an accredited AFCC member.
  • New Era Debt Solutions is an IAPDA member.

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Contact

  • Headquarters
  •   295 Willis Ave
    Camarillo, CA 93010
  •   Visit Site

Hours of Operation

Pacific Time
  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

About New Era Debt Solutions

Availability

  Available in 42 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Rhode Island
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

Monthly Fee $0
No Monthly Consultancy Fee  
% of Debt Fee 16% - 20%
Debt Type Unsecured Debt
Minimum Debt Owed $7,500
Program Length 24 - 36
Contingency Model  
Free Consultation  
IAPDA Member  
In-House Servicing  

New Era Debt Solutions 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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