Accredited Debt Relief is a well-established company that helps people manage and reduce their unsecured debt. This implies that the loan can be negotiated without any assets committed in case of non-payment. Accredited Debt Relief focuses on helping people solve their financial problems by offering debt consolidation and settlement options. As a client advocate, the organization provides structured services that go beyond just communicating with creditors to reduce the total amount owed to a more reasonable and manageable amount, depending on the customer’s financial circumstances.
Types of Accepted Unsecured Debt
Accredited debt relief is mostly concerned with unsecured debts, meaning that anyone with debts in the United States can contact the company for financial assistance. These include:
Credit cards
Credit card debt, especially when it is high interest, can easily reach a point where it becomes impossible to handle. Accredited debt relief helps find ways and means to decrease the amounts owed and make the terms more manageable.
Medical bills
Other expenses include medical bills, which can be very demanding on an individual’s financial standing. The company provides services that bring down the balances to more reasonable levels.
Personal loans
Personal loans can be non-collateralized and tend to have higher interest rates, which Accredited Debt Relief can help reduce.
Payday loans
Although payday loans are designed to be short-term, they can trap borrowers in a cycle of debt. This is where Accredited Debt Relief steps in, offering their services as a settlement agent to help break this cycle.
Private student loans
Even though federal student loans are bordered, private student loans can be negotiated to lessen the burden of the money paid.
Fees
Accredited Debt Relief imposes service fees for debt settlement, which are generally 15-25% of the total registered debt amount. This fee depends on the successful settlement of the debt, which means clients participate in payment only if they achieve a settlement. The structure of these fees forces the company to work hard and develop the best deals to present to their clients.
When it comes to debt consolidation loans, Accredited Debt Relief requires origination fees of 1% to 6% of the amount financed. The disclosed annual percentage rates (APRs) range from 4.9 % to 35.99 for each payment due, depending on the borrower’s solvency and other conditions agreed upon between the lender and the borrower.
Services Provided by Accredited Debt Relief
Debt consolidation: This service involves consolidating different debts into a single one. This approach can often result in a lower interest rate, reducing the overall cost.
Debt settlement: Many debt relief companies such as this one offer to negotiate with different creditors to determine the total interest owed, which would reduce debt.
Credit counseling: The business offers advice on dealing with debt, essential financial planning, and strengthening one’s economic situation.
Credit card consolidation: This involves bundling several credit card balances to pay an agreed amount, which is usually affordable, with a lower interest rate.
How Accredited Debt Relief Works
The debt relief process with Accredited Debt Relief involves several key steps:
1. Free consultation
People interested in the services are offered a complimentary analysis of their financial situation and information on how to resolve and consolidate debt problems.
2. Opening an FDIC-insured savings account
Clients are required to set up a separate account where they deposit money each month. This money is used to pay off their debts as part of a settlement process, as well as cover any other expenses related to managing their debt.
3. Negotiation with creditors
Accredited Debt Relief works under the policy of seeking proper agreements with creditors to modify the loan terms and prevent the loan amount from increasing.
4. Payment of fees and debt settlements
Clients take the sum agreed upon and pay for services or products from their personal savings account, including the company’s fee.
Customer Service
Accreditation involves ensuring that the company operates professionally to avoid client complaints. That is why Accredited Debt Relief customer service is available seven days a week. Phone and email help are available Monday through Friday from 8 AM to 11 PM EST and on weekends from 8 AM to 10 PM EST; these hours may vary. It’s important to keep in mind that Beyond Finance’s live chat support is available 24/7.
Another factor that proves the company is customer-friendly is their due diligence in adhering to regulating authorities and reporting. They are always ready to provide support through the different means available, and the client can seek help whenever the need arises.
Conclusion
The services provided by Accredited Debt Relief are aimed at enabling debtors to enjoy a debt-free life and have a better quality of life. Since the fees have been set in such a manner that they are pegged on the successful debt settlement resolution, this has to do with the company’s merit in offering the best deal. Due to the company’s specialization in personal unsecured debt relief, they ensure that their approach is customer-oriented, making this company valuable for people who want to fight for their financial stability. Debt can be a problem for anyone, and trying to pay the bills every month may become difficult without help.
