Pacific Debt Inc Relief Reviews – Genuine or Fake?
PROS: The average fees Pacific Debt Inc. charges for service ranges between 15 percent and 22 percent of your enrolled debt that are lower than average.
CONS: Pacific Debt doesn’t have an IAPDA accreditation.
VERDICT: This company has low fees additionally lower average reductions after fees, that makes Pacific Debt Inc. less attractive than other companies on the line-up.
Editor’s Note: The provider has mentioned us that they have included a mobile management portal, joined with a debt management provider and gotten licensed with the IAPDA, since our last review.
Pacific Debt Inc. Review
Pacific Debt Inc. debt relief has the lowest overall fees, ranging from 15 percent to 22 percent of your entered debt. This implies fees paid for service are removed from the total amount of debts you enrol in the program.
Contacting customer service, we calculated this score based on our experience.
Higher is Better
- New Era Debt Solutions 90%
- National Debt Relief 85%
- Category Average 81.50%
- Accredited Debt Relief 80%
- Pacific Debt Inc. 80%
Pacific Debt Inc. – Eligibility & Application
By filling out the online form on the company homepage you can begin working with Pacific Debt Inc. Simply provide which state you live in, how much debt you have, and what types of debt you have to see if you qualify for a consultation with Pacific Debt Inc. Depending on this information, to discuss your finances and consolidation options, a personal debt specialist will contact you.
Pacific Debt Inc. – Cost & Fees
Fees for consolidation loans range around 15 and 22 percent of your overall debt; these figures are on the low end of fees for the line-up. Average savings after the fees is 30 percent, which when compared to other services on the line-up is about average.
To be qualified to work with Pacific Debt Inc., you require $10,000 in unsecured debts, including credit cards, medical bills, other lines of bills and credit that have been sent to collections. Certain debts, like student loans and payday loans, are not qualified for consolidation, however make sure to check with a debt specialist. Depending on where you live, the amount of debt you need to owe to work with this service may vary.
The consolidation program typically takes around 24 to 48 months to complete, while every situation is assessed on a case-by-case basis. This is well inside the industry average. While this may appear like an unnecessary time span, it takes time to fix your finances, and there is no quick fix. You put money into an FDIC-insured account,when your debt representative begins negotiating with your creditors. When your debt is successfully consolidated, these funds will go toward paying your creditors and Pacific Debt Inc. fees.
Pacific Debt Inc. – Company Accreditations
This bill consolidation company publicizes that it does not charge direct fees yet does not specify that it is legally prohibited from doing so. This business is AFCC authorized, which means that in its interactions with consumers,it has been surveyed by a third party and observed to be upholding FTC rules and regulations. It is not accredited with IAPDA; however, many debt consolidation services are licensed with only one of these bodies.
Pacific Debt Inc. – Customer Experience
The company website gives educational tools and useful information about debt and other financial tips. Other ways include workbooks about investing and helping you track your spending. You can call it directly or email it to contact the company. You are assigned a personal account manager and can get your information through the online portal,when you enrol in the program. Also, you do not have a mobile account management option.
Pacific Debt Inc. – Summary
Pacific Debt offers good resources for helping you deal with your accounts during and after your consolidation program is complete and charges generally low fees for service. While Pacific Debt Inc. does not charge a substantial sum in fees, it likewise has low average reductions of debt, making it less noteworthy overall.