Last Updated: 04/18/2025
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Highlights
Minimum Debt Owed
$10,000
Settlement Fee %
25%(Verified 06/21/2024)
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Monthly Service Fee
$0(Verified 06/21/2024)
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Signature Servicing Review
Signature Servicing is a debt settlement company based in Woburn, MA. It offers debt relief services to borrowers in 34 states (and Washington, DC). Founded in 2011, it is a well-established company that has been in business for over 10 years.
Key Takeaways
- Minimum debt balance of $10,000. Signature Servicing 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.
- ACDR and IAPDA accredited. Signature Servicing is a member of the Association for Consumer Debt Relief (ACDR), 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 company. Signature Servicing has been in business for 15 years.
- Multipe types of debt settled. Signature Servicing 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. Signature Servicing is available in 34 states, and Washington, DC.
Signature Servicing Pros & Cons
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Signature Servicing FAQ
What does Signature Servicing do?
Signature Servicing 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 Signature Servicing charge?
Signature Servicing charges a settlement fee based on the debt handled. Instead of monthly payments or upfront fees, Signature Servicing only collects a fee once a settlement has been reached. Fees are calculated as a percentage of the enrolled debt and may vary by state. Across the industry, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt before fees.
Signature Servicing settlement fees are 25% of the enrolled debt.
Debt relief fees and settlement terms can vary based on your state and individual circumstances, so it’s best to speak directly with Signature Servicing for an accurate quote.
Does Signature Servicing offer a guarantee?
No, Signature Servicing 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 Signature Servicing will consider?
Signature Servicing 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 Signature Servicing perform its own servicing in-house?
Yes, Signature Servicing employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.
What accreditations does Signature Servicing 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).
- Signature Servicing is an accredited ACDR member.
- Signature Servicing is an IAPDA member.
Is Signature Servicing a legit company?
Signature Servicing was founded in 2011, it is a well-established company that has been in business for 15 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Message from Signature Servicing
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 - 4:00PM
Saturday
Closed