Last Updated: 04/18/2025
SuperMoney User Recommendation Score +78
Strongly recommended9 total votes
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Highlights
Community Rating
Strongly recommended
Minimum Debt Owed
$10,000
Settlement Fee %
19% - 25%(Verified 06/21/2024)
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Monthly Service Fee
$0(Verified 06/21/2024)
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Number of Reviews
Simple Debt Solutions Review
Simple Debt Solutions is a debt settlement company based in Los Angeles, CA. It offers debt relief services to borrowers in 36 states (and Washington, DC). Simple Debt Solutions was founded in 2020. It is an established company that has been in business for 6 years.
Key Takeaways
- Minimum debt balance of $10,000. Simple Debt Solutions 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 $450 or more per account.
- IAPDA accredited. Simple 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 Association for Consumer Debt Relief (ACDR), the debt settlement industry's major trade association.
- Established company. Simple Debt Solutions has been in business for 6 years.
- Multiple types of debt. Simple Debt Solutions settles private student loans, business debt, and all types of unsecured debt, such as credit cards and personal loans.
- Available in most states. Simple Debt Solutions is available in 36 states, and Washington, DC.
Simple Debt Solutions Pros & Cons
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Simple Debt Solutions FAQ
What does Simple Debt Solutions do?
Simple Debt Solutions offers debt relief services for the following types of debt:
- Unsecured debt, such as credit card debt, medical debt, and personal loans.
- Business debt.
- Private student loans.
What does Simple Debt Solutions charge?
Simple Debt Solutions charges a settlement fee based on the debt handled. Instead of monthly payments or upfront fees, Simple Debt Solutions 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.
Simple Debt Solutions settlement fees typically range from 19% of the enrolled debt up to 25% 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 Simple Debt Solutions for an accurate quote.
Does Simple Debt Solutions offer a guarantee?
Yes, Simple Debt Solutions 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 Simple Debt Solutions for more details on their guarantee.
What is the minimum debt Simple Debt Solutions will consider?
Simple Debt Solutions 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 Simple Debt Solutions perform its own servicing in-house?
No, Simple Debt Solutions partners with third party service providers who negotiate on behalf of the clients they enroll.
What accreditations does Simple Debt Solutions 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).
- Simple Debt Solutions is not an accredited ACDR member.
- Simple Debt Solutions is an IAPDA member.
Is Simple Debt Solutions a legit company?
Simple Debt Solutions was founded in 2020. It is an established company that has been in business for 6 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
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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 Simple Debt Solutions
Hours of Operation
Sunday
Closed
Monday
6:00AM - 7:00PM
Tuesday
6:00AM - 7:00PM
Wednesday
6:00AM - 7:00PM
Thursday
6:00AM - 7:00PM
Friday
6:00AM - 7:00PM
Saturday
6:00AM - 4:00PM