America Debt Resolutions has been settling American’s debts since 2006 and has over 30 years of experience in the financial sector.
America Debt Resolutions offers a settlement program that gives hope for those who are buried in financial debt. The company offers a consultation free of charge to help potential clients determine if their service is right for them. America Debt Resolutions offers competitive rates ranging anywhere from 16 to 21% of the total debt enrolled. The company also states that no fees will be charged unless they are able to successfully negotiate the debt. For those who want to know what kind of service fees are associated with the program, they will be able to find them in the client agreement. A predetermined amount will be paid monthly to a FDIC insured escrow account, and once enough funds have accumulated, their team of professionals arbitrators will negotiate with creditors to settle the debts. After the clients and creditors have agreed to a settlement, clients pay the creditor and service fees to American Debt Solutions using the money saved in the escrow account.
One aspect of America Debt Resolutions that sets them apart from the competition is that each of their consultants is paid on salary. This allows consumers to have more confidence that they are being guided by good intentions and not by monetary incentives. The company also guarantees dedicated arbitration support after completion of the program, and upon request, they will obtain outstanding zero balance letters on the client’s behalf.
American Debt Solutions is accredited by the AFCC and FTC compliant. We appreciate them taking the time and spending the resources to obtain these endorsements. Moreover, ADR offers a dedicated team of coaches who will reach out to the clients on a monthly basis to provide updates on their accounts. America Debt Resolutions goes the extra mile by promising to clients that their personal information will be kept safe and secure. Many of the company’s competitors state in fine print that they will sell, trade, or use personal information to their 3rd party affiliates.
Pros for this company include:
- Competitive service fees starting at 16%
- 30 years of industry experience
- AFCC and IAPDA accredited and certified
- Full company transparency
- Free consultation
With debt settlement in general, there are risks involved, such as credit score hits, tax charges, and the possibility of litigation. Our team of researchers found that there was no money-back guarantee, which was a letdown. We also would have liked to see some sort of minimum debt requirement.
The Bottom Line
America Debt Resolutions is a reputable company with good transparency for their consumers and clients. They are accredited by the AFCC and IAPDA. The company does have a successful track record, but they do not provide any resources to help clients stay out of debt for life. In all, we recommend enrolling with a company that has more accreditations and a money back guarantee.