Accredited Debt Relief Review

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Accredited Debt Relief

rating: 5
  • Vast list of reviewed vendors as partners
  • Splendid customer service
  • Low APR on debt consolidation loans

Accredited Debt Relief Debt Consolidation

BEST DEBT CONSOLIDATION

Accredited Debt Relief is surely a leading company in the debt consolidation business, working at a high level of excellence since Day One.

By Aleksandar Spasov | 18th December 2018

Accredited Debt Relief is among the best debt settlement companies dealing with debt counseling and credit consolidation out there. They aid their customers in two main ways, aiming to eliminate multiple-vendor debt by providing consolidation loans and consulting them afterwards to avoid such events in the future. They are responsible for keeping thousands of accounts debt free on a yearly basis and are pretty good at what they do.

Accredited Debt Relief provides help with collection and creditor calls, removes any unnecessary fees, lowers your interest rates and makes the entire paying process far more simple than usual, all while reducing the size of your monthly payments. The company has been presented with numerous awards, confirming their dedication to fair business practices and cementing it as one of the best debt consolidation companies in the United States.

ProsCons
Increased relief options compared to most competitorsFees depend on their partners rather than the brand itself
Incredibly helpful customer support and councillorsNot every ADR partner is as good as the top choices
Online opinion seems to favor them in many cases
Available services for 32 states
Eligibility Criteria
  • Minimum debt of $7,500
How Much Does it Cost?

Although Accredited Debt Relief will help you reduce and further eliminate your existing debts, their services don’t come free. And this is understandable. Having this in mind, the company won’t charge you with underwriting fees as none of their lenders includes them in their work process. Interest is the only expense here, and it depends on our debt amount, the frequency of payments, and our attitude towards it. If a customer doesn’t miss a monthly payment, they will pay the minimum interest in the long run. The usual APR for a debt consolidation loan varies between 5% and 7% here.

For Example

“Having a $10,000 consolidation loan on your hands at a fixed APR of 16% for 2 years will leave you with $13,742.19 as the final value of your loan (excluding any settlements).”

Types of services

When you register with Accredited Debt Relief, you have three different types of services to choose from, according to your needs:

  • Debt consolidation services
  • Debt management services
  • Debt settlement services
  • Bankruptcy

You will need to check with the company to see if your type of debt is covered by their programs. Business and personal debts as well as unsecured loans and medical bills are covered by Accredited Debt Relief, but student loans and payday loans may not be accepted. Ask your representative if your type of debt can be processed by ADR during your free consultation!

What Happens After Signing Up?

After the easy sign-up process, you will start creating your debt management plan. As credit associates at Accredited Debt Relief are connected directly to the borrower, you wouldn’t be paying the consolidation brand, rather than the lenders themselves. ADR is just the medium for our transactions so repayments are highly dependent on the preferences of the lender.

In addition, most lenders pay off your debts without involving you in the payment process. They go straight to the source leaving you free to remember just one vendor to pay off each month. Customers can even set up an AutoPay feature so that a percentage of your paycheck will automatically go towards settling your loan.

When you enter a debt consolidation program with this company, you start depositing funds into a new account. Remember, this is still your account and the money inside belongs to you, so you can withdraw it without any penalties! Once this account is filled up, the company will have negotiated the final amount and money from your new account will start flowing towards your creditors. Expect about 25% in savings when compared to managing the debt yourself.

The debt consolidation program may last anywhere from two to four years, but in that time, you won’t get any calls from debt collectors simply because they’ll be calling ADR instead! You can expect the first negotiation settlements to happen after four or five months of your participation in the debt relief program, with negotiations starting one to two weeks after you enter the program.

Sometimes, customers will have lawsuits against them for not paying their debts. If this happens, Accredited Debt Relief can bump you up to a priority list and will do everything they can to negotiate a settlement instead of going to court, as the company doesn’t provide any legal advice, even if your creditors have a full right to take you to court over owed funds.

Trust and Reputation

In the line of public opinion, Accredited Debt Relief receives praises more often than not. They carry a solid A+ BBB rating, with a close to 90% positive customer review rating. At Trustpilot, we can see a 9.4/10 grade for the brand which is quite good all by itself. Dedicated review sites like ours also rank ADR among the highest efficiency debt consolidation service providers.

The only downside for some individuals is the multiple calls coming from ADR partners once in a while, but this isn’t something to worry about as it is easily dealt with. Accredited Debt Relief also operates under the supervision of the American Fair Credit Council (AFCC) which further increases their trustworthiness and eligibility. This means that they constantly have someone looking over their shoulder to make sure they don’t use any unethical practices.

The IAPDA (International Association of Professional Debt Arbitrators) reviews Accredited Debt Relief also – they make sure the personnel at the company is properly trained and certified before accepting them as a capable employee. All consultations and negotiations you conduct with them are guaranteed to be FTC approved. There are enough eyes watching over ADR, so we place it as a solid pick if one reaches the stage of seeking debt consolidation help outside their own mind.

Customer Support

Customer support at Accredited Debt Relief can hardly be praised enough. Support employees are of great help, with a friendly attitude and the experience to resolve any issues we might have. Their knowledge base is constantly developing in line with debt consolidation companies so they will be ready to counter any problems along the customers’ way.

ADR’s extensive debt settlement lawyer base has been highly praised all over review sites on the internet, which you can check at your discretion. Also, their website offers information about different management plans such as counseling and bankruptcy but it also provides information as to the effect of debt consolidation on your credit, which can teach you a lot about managing your funds.

This company has a number of testimonials and proof of their good work on their website, which means you’re not paying for something that will turn out different than expected – customers have been going to ADR for decades and have regularly emerged happy. The company allows customers to achieve savings they didn’t think were possible, with the best negotiated settlements reaching a 70% savings margin.

ADR can be reached via a telephone contact open for customers between 7 AM and 7 PM PST on weekdays, and from 8 AM to 5 PM PST during weekends. There is an email option as well, with a quick response timer and the same professionalism value you will receive through the telephone line.

Reviewed by
Aleksandar Spasov
Aleksander is a freelancer from Bulgaria. He's travelled and is still travelling around the the world and has been writing and studying as he goes. He describes himself as a bit of a word freak and this is clear from his studies in English and Journalism.Although he is knowledgeable in a lot of areas, he has been researching and writing about anti-virus as his most recent interest. Read more.
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