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Signature Servicing

in Debt Settlement Companies from Signature Servicing, LLC

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Signature Servicing

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in Debt Settlement Companies from Signature Servicing, LLC

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Highlights
% of Debt Fee 25%
Minimum Debt Owed $10,000

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). Signature Servicing was founded in 2011. It is an established company that has been in business for 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.
  • Performance-based fees. Signature Servicing 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.
  • AFCC and IAPDA accredited. Signature Servicing 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).
  • Established company. Signature Servicing has been in business for 10 years.
  • Types of debt settled. Signature Servicing settles all types of unsecured debt and business debt. Unsecured debt includes credit card debt, personal loans, payday loans, and certain types of student loans.
  • Available in most states. Signature Servicing is available in 34 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.
Signature Servicing Pros & Cons
Pros Cons
  • No monthly consultancy fee
  • Has IAPDA accredited debt specialists on staff
  • AFCC member
  • Only considers clients with a minimum debt balance of $10,000
  • Requires a minimum balance of $500 per account.
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 and personal loans.
  • Business debt.

What does Signature Servicing charge?

Signature Servicing 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.

Signature Servicing charges fees of 25% of the enrolled debt.

Debt relief service pricing / costs can vary greatly from one client to another so it's best to speak to Signature Servicing directly to determine 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 will only consider customers with 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 American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA).

  • Signature Servicing is an accredited AFCC member.
  • Signature Servicing is an IAPDA member.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Signature Servicing

The senior professionals at Signature Servicing have been in the debt settlement business for 15+ years and have helped reduce the debt of over 50,000 clients. Our Financial Wellbeing consultants walk you through a proprietary process to assess where you are now and where you want to be financially. From there, we offer you the best options to get where you want and need to be in order to revive your financial wellness.

Contact

Hours of Operation

Eastern Time
  • 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

About Signature Servicing

Availability

  Available in 34 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Washington, DC
  • Florida
  • Georgia
  • Iowa
  • Indiana
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • Nebraska
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Wisconsin

Feature Breakdown

Monthly Fee $0
% of Debt Fee 25%
Debt Type
  • Unsecured Debt
  • Business Debt
Minimum Debt per Account $500
Minimum Debt Owed $10,000
AFCC Member
Contingency Model
IAPDA Member
In-House Servicing

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