Debt Relief A La Carte was founded by a former debt collector by the name of Jared Strauss. He built the company around what he learned in the collection industry, which was that around 80% of collection account debts are never collected because a debtor’s assets are not enough to solve their debts. Strauss personally handles each and every case that is assigned to the company, giving Debt Relief A La Carte a rare level of personalization that you just don't find in this industry.
There are companies out there that are run by individuals and some of these are a little outdated. Trinity Debt Management is one of them and one we didn't review too kindly, but Debt Relief A La Carte seem to have struck a decent balance between being a small company and doing a big job.
About Debt Relief A La Carte
To learn more about this company, keep reading. Make sure you continue to the end to read our review of Debt Relief A La Carte.
- Address: 406 S Boulder Ave STE 400, Tulsa, OK 74103-3800
- Web Address: http://www.avoidbk.com/
- Date of Founding: 1/14/2002
- Contact Number: 918) 519-5090
- BBB Accredited? Yes, since 2016.
As mentioned above, Debt Relief A La Carte is one of the most successful debt collectors in the country before he decided to setup his own business. He now helps Americans to get out of debt, and works with a small team on a small number of cases.
The Services and Prices
One of the things we really like about Debt Relief A La Carte is that they only charge when they are successful, at which point they take a percentage of the money that you save.
It's possible that you would pay Debt Relief A La Carte more than you would a major debt management company, but because the payment is based on your success and because they have a great reputation that they don't want to lose, you know that they are incentivized to save you a lot of money. It's a win-win.
For the most part, Debt Relief A La Carte is a one-man-show. There are likely a few other employees involved in the process, as we can't imagine that the owner is also the one answering the phones, replying to emails and doing all of the leg work, but Debt Relief A La Carte doesn't seem to hire too many extras (only two are listed officially) and we know that the man in charge gets involved in all areas of the business.
There are a lot of good reviews out there for Debt Relief A La Carte, essentially backing-up all of the things that we have said in our own Debt Relief A La Carte review. To see what our reviewers had to say about this company, read our review below.
Our Debt Relief A La Carte Review
There are elements of this company that our team of reviewers were very impressed by, things that they just haven't encountered before, as well as things that they didn't expect. Our reviewers have covered their fair share of smaller companies, including the likes of Debt Guru, but Debt Relief A La Carte seems to be in a different league entirely, as explained in our Debt Relief A La Carte review.
Great Customer Service
When we initially reviewed Debt Relief A La Carte there was not a single complaint filed against them over the last few years. This is very rare for any company in this industry, especially when you consider that the likes of Money Management have hundreds of complaints. But at the same time, it's a small company and when you're working on a much smaller scale, the amount of bad reviews and complaints you get will also be small.
Strauss's approach doesn’t resemble that of any other settlement company, that being he only accepts customers who have the financial resources to have their debts settled in a matter of a few months rather than the typical 1 – 4 year time frame.
This service is offered with no upfront fee, even before they were banned by the FTC in 2010. Strauss uses a 5-step process, which is outlined in greater detail on theDebt Relief A La Carte website. What sets Debt Relief A La Carte apart, besides what we have already covered above, is that clients are able to participate in each step of the process, including the negotiating phase, which is something our team of researchers has never seen.
The fees charged by Debt Relief A La Carte are 10 – 15% of what is saved on the total amount of debt enrolled. For comparison sake, other companies typically charge 18 – 25% of the total debt enrolled, or the total amount of debt resolved.
So far, this is one of the best pricing structures we have encountered, and is another thing that we have to commend Strauss andDebt Relief A La Carte for. Strauss offers his clients with a range of options if creditors are not willing to settle, and this is always a good feature as it eliminates the stress that such a situation can trigger and ensures that customers are not left in the lurch.
It's this kind of personal touch that customers often expect, but rarely get from debt management companies.
Another standout feature of Strauss’s company is the length of time required to settle a debt. Much of the competition offers services with the expectation to resolve total enrolled debt in 12 – 48 months, and some of them take as long as 6 or 7 years to clear debts entirely. While 12 months is fairly reasonable, keeping in mind a client's ability to save funds, Strauss takes a different approach which allows all of his client’s debts to be settled in 72 days.
This not only saves the client’s time but also saves the consumer extra cash by reducing the time that they need to pay interest. This method works by taking out all of the monthly fees assessed with other settlement programs and minimizes exposure to interest charged by creditors during a lengthy settlement process.
No Minimum Requirement
Additionally, there is no minimum requirement of debt to qualify and encourages potential clients to contact him to discuss delinquent accounts. Debt types which qualify for the program are unsecured, such as credit cards, private student loans, repossessions, medical bills, and collection accounts. The program at Debt Relief A La Carte can even help with some deficiency balances on foreclosures.
Highlights of Debt Relief A La Carte include:
- Best industry prices at 10% to 15% of amount saved
- Free Consultation
- Client involvement
- 72-day average completion
- Combined 20 years of industry experience
With any settlement process, there are risks involved that must be understood before continuing on. Fortunately, Strauss outlines these risks clearly on his website such as tax liability, credit score hits, and possible litigation.
Debt Relief A La Carte is a smaller, one-man-crew company, which asks consumers to use a little more cash than most consumers are able to afford, especially all at one time to allow their debts to be settled in such a short amount of time. His process is thorough, quick, and has an extremely high success rates among his clients. In fact, according to the United States Government Accountability Office (2010) the success rate at Debt Relief A La Carte is more than 88%.
This still leaves some room for improvement, but it's far greater than what many other companies offer. The success rate for the debt management plans on GreenPath, for instance, is just over 50%.
Although the company has been around for over 10 years, Debt Relief A La Carte does not have any accreditations that our team of researchers could find, this includes the AFCC and IAPDA.
The Bottom Line
Debt Relief A la Carte, which is owned and run by debt expert Jared Strauss, is a company with a lot going for them. They have low fees, complete transparency, debt settlement literacy, exceptionally high success rate, and many other positives.
Conversely, there is one cause for concern for individuals carrying a large total amount of debt, consumers will need to have access to a fairly large sum of money in order to go through with the process of settling with Strauss and creditors. Although many have found a way to make it happen, others have not had such luck.
This company comes with our recommendation, and we advise anybody looking to settle their debt to call Debt Relief A La Carte for a consultation. There is nothing to lose by contacting them and if you discover that you qualify for the program and are willing to go ahead, then you have everything to gain.