Pacific Debt Inc. is a debt resolution firm based in San Diego, California. It was founded in 2002 and offers debt resolution services in 27 states. The firm is an accredited member of the American Fair Credit Council (AFCC), and all its consultants are certified by the International Association of Professional Debt Arbitrators, IAPDA.

What Type of Debt Relief Services Does Pacific Debt Inc. Offer?

Pacific Debt Inc. provides debt settlement and debt negotiation services for unsecured loans, such as credit cards, personal loans, collection accounts, and medical debt.

How Does Pacific Debt Inc. Work?

Pacific Debt Inc. will first help you organize how much you owe by creditor. It then sets up a monthly payments plan based on what you can realistically afford. These payments, which are deposited in an FDIC-insured account, are determined by what the client can realistically afford. These are usually much lower than the minimum payments you were making before joining Pacific Debt Inc.’s debt negotiation program.

Pacific Debt Inc.’s debt consultants then use the money in the savings account to negotiate a settlement with the creditors. This process applies to every account in the program until each one is settled in full. Clients usually resolve their debt accounts within 24 to 48 months.

How Much Do Pacific Debt Inc.'s Services Cost?

Pacific Debt Inc.’s programs are performance based; in other words, no fees are collected until a settlement occurs.  There are no upfront fees, and all costs are included in the monthly program payment.  Fees vary from 15% to 25% of the enrolled debt depending on the amount of enrolled debt provided. When calculated over the course of a three to four-year program, it works out to an annual fee of 4% to 8% of the debt balance. 

Pacific Debt Inc. only charges clients for its services when a case is settled. Clients generally obtain a 45% to 60% reduction of their enrolled debt. 

What Is the Minimum Debt Pacific Debt Inc. Will Consider?

Pacific Debt Inc. will only consider customers with $10,000 or more in debts. Customers with less than $10,000 in debt may benefit from a debt consolidation loan or credit counseling services.

How Is Pacific Debt Inc. Better Than Other Debt Settlement Companies?

Pacific Debt Inc. provides the following advantages:

- It is accredited by the American Fair Credit Council (AFCC)

- All its debt consultants are certified by the International Association of Professional Debt Arbitrators, IAPDA.

- It offers debt negotiation and resolution services for most types of unsecured debt

- New customers receive a free initial consultation.

- Pacific Debt Inc. doesn’t charge any fees until it has settled your account.

On the other hand:

-  Pacific Debt Inc. does not accept customers with less than $10,000 in debt.

  • Minimum Debt Owed
  • Debt Type
    Unsecured Debt
  • % of Debt Fee
    15% - 25%
  • Pricing Model
    Contingency Fee (% of enrolled debt)
  • AFCC Member
  • Contingency Model
  • Free Consultation
  • IAPDA Member
  • In-House Servicing
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