Debtmerica Review

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  • Immaculate customer support
  • Lower minimum debt required than some rival companies
  • Zero upfront fees
Debt Consolidation VIEW BEST RATED

Debtmerica has a decade of operating experience in the debt settlement sphere and shows incredible statistics for their efforts.

By Aleksandar Spasov | 18th December 2018

Started in 2006, Debtmerica has been reducing customers’ debt amount significantly, in many cases up to 50% of their starting volume. Accredited by most of the renowned industry review boards, this debt consolidation company is the perfect choice for customers who prefer settling their tasks by phone rather than spending time on the Internet. While the website is a bit basic on the first view, the customer support efforts are entirely enough to resolve our debts in the according way.

ProsCons
Multiple languages availableNot available in all 50 states (30)
Transparent fee informationWebsite is basic
Higher than the average debt relief rate
Excellent online community reputation
Eligibility Criteria
  • $7,500 of accumulated debt
How Much Does it Cost?

Settlement fees with Debtmerica vary through states in the United States but maintain the 18%-25% frame. These percentages are entitled to your total debt to consider. The good thing about respectable debt relief companies is that all fees are included in the ordinary monthly payments – this ensures that customers don’t miss out on any payments which would result in an increased amount to cover later on.

Additionally, all done payments can be returned to a user if they desire to – only in cases without a successful negotiation in place, of course. Once you get the first settlement (if there are more than one), this option becomes void which protects you against insensible spending and further complications.

On the bright sight, a debt reduction of up to 50% is more than splendid when it comes to clearing your debt records. A savings percentage of up to 29% is in action after all fees are conducted. Even if it seems like you are paying more than getting back, the aftermath will prove quite the opposite. Just to get an idea, you can save up to $5,000 on a $17,100 overall debt after the interference of Debtmerica. And this is excellent in our opinion.

For Example

“A $10,000 total debt at an 18% APR for 36 months can cost you an additional $7,091.40 without a reached settlement. This leaves room for $4,272.85 in maximum possible fees to Debtmerica at the end of your settlement program.”

What Happens After Signing Up?

Getting started with Debtmerica is surely among the easiest processes in the debt relief field. First and foremost, customers need to process payments to the company. A portion of those is directed to Debtmerica fees while the remaining value is redirected to a dedicated trust account. This account serves as the safe house for settling any debts when the times comes.

Debtmerica experts are quite confident in negotiating debt settlements and this can clearly be seen from their record. They will contact all of your creditors and start discussing all eventual options ahead of the situation. This process can take up to a few months as most creditors try to rule out settlement offers until they realize it is inevitable if they want to receive at least a part of the owed money back.

After this process, Debtmerica is responsible for transferring the funds from your trust account to the creditors. They will ask for permission and proceed with the transactions. After completion, the debt relief service provider receives their fees and finalizes your program.

Trust and Reputation

Debtmerica isn’t among the wildly discussed debt settlement companies on the Internet. It doesn’t come with a BBB accreditation although it has an A+ BBB rating which may be confusing to some customers. Trustpilot customer reviews place the brand at the 9.2/10 rating point which is quite satisfactory for recommendations.

As expected, IAPDA, AFCC, and ASC are all present in the reviewers’ category here. They all work together in order to guarantee eligible employees and fair customer terms at Debtmerica. In addition, feedback from hundreds of customers points to Debtmerica’s amazing customer service skills which only makes the company even more favorable in comparison with competitors.

Customer Support

The customer service at Debtmerica is entirely conducted through telephone contact. They aren’t big fans of the online support options, as we can clearly see. But this shouldn’t be a bad thing because their telephone support team is packed with solutions to any debt settlement issue we might stumble upon. Having the needed preparation and knowledge, the support crew is able to aid us even with the hardest to solve problems.

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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