Pacific Debt Review

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Pacific Debt is arguably one of the founders of modern debt relief services in our time.

By Aleksandar Spasov | 18th December 2018

Pacific Debt was part of the pioneer pack at the dawn of debt consolidation industry. With a launching date back in 2002, the company grants customers with an array of debt solutions with adequate requirements and standard industry fees. They are dedicated to serving as many citizens in need as they can, and they surely do it in the proper manner. The brand operates in the usual way – they negotiate with creditors to lower your debt value in order to save you funds in the long run. All customer reviews here are showing a lot of potential in the establishment, and industry accreditation institutions back them up with solid reviews and visible results.

ProsCons
High savings percentagesNot available in some states
Low FeesNon-client customer support can be less efficient
Account managers for each customer
Free for use debt relief resources
Eligibility Criteria
  • $10,000 in debt minimum
How Much Does it Cost?

As one of the majors back in the day, Pacific Debt tries to keep up with the new players in town. And they are doing pretty well but competition benefits one side of the equation the most. Customers get to take advantage of as low as 15% enrollment fees on their debt settlement contracts. The upper limit is 25% due to FCA limitations.

A neat feature to mention is the lack of upfront fees with Pacific Debt. All charges from your account are installed in monthly payments building both the settlement escrow and the fee exchanges with the company. Such a structure enables customers to slowly rebuild their finances and actually be relieved of their debts.

As for savings, Pacific Debt lets you save up anything in the 20%-50% frame, with some amazing instances of over 69% in the past. As crazy as it may sound, they have managed to do it through immaculate negotiation skills and determination.

For Example

“A $15,000 debt with an APR at 14% will add up to $22,773 at the end of the debt settlement.”

What Happens After Signing Up?

Signing up at Pacific Debt comes as the general action to take when in need of financial assistance. The company’s welcome message is delivered by a personal client manager who will explain how everything works in the upcoming process.

Secondly, the initial welcoming will be continued by regular calls to check up on you. Even if you are doing great with your escrow balance, an employee will still contact you in order to track your progress further. They will also provide information on building and maintaining the trust account responsible for settling your debts in the future. Every monthly payment goes straight to it and will be used once the sum reaches a respectable amount.

One of the biggest benefits of opening a debt settlement account is the freedom of not having to pay to multiple creditors every month. With an escrow account in place, customers can forget about the many lines and possible inconveniences connected with several service vendors looking over their shoulder. All payments from now on go directly to your Pacific Debt account and stay there until needed.

A personal account helper will be available to you at all times. This happens after some months of dedicated payments and aids you in maintaining a good escrow balance. Once Pacific Debt manages to reach a satisfactory savings percentage on your debts, they will be eligible to withdraw the funds (with your permission) and pay out the creditors in question.

Trust and Reputation

One would imagine that one of the pioneers in the industry will be highly respected across all communication platforms. Pacific Debt is exactly the case as they have a sweet A+ BBB rating, along with a 9.2 Trustpilot score. All staff members there are caring, friendly, and pack enough debt settlement knowledge to tutor us in the matter.

The American Fair Credit Council (AFCC), Consumer Affairs (CA), and the Better Business Bureau (BBB) are all responsible for the proper flow of services at the company. They have put a lot of efforts in reviewing Pacific Debt since their start and continue cooperating with them with the goal of ultimate debt relief services.

Customer Support

Pacific Debts packs a dual customer support form. They have three instances of support contacts for existing members and another three for non-clients. Phone, Fax, and Email options are available in order to reach customer support employees and resolve any possible debt relief issues at hand.

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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