PCS brings a great track record of experience with over $25 million in settled debts. Although they lack key industry accreditations, they make up for it by offering a much lower cost than most of the competition.

The Good

As reported by PCS’s website, they have a broad offering. They offer a wide array of services related to debt management and relief. The company mainly handles debt consolidation (rather than settlement services), although they offer several product options. Their debt settlement program works by reducing the amount of their total unsecured debt to be paid back to creditors.

Consumers may take advantage of a free consultation where a debt specialist will go over the financial situation to determine a plan that will fit the unique financial needs of the candidate. Settlement service prices vary and fees will usually fall somewhere between 15 and 20 percent of the total amount the client saves during the settlement process. The company offers a 100% satisfaction guarantee to each customer and works strictly on a performance based model that is regulated by the FTC.

One major selling point for this company is that there is no requirement to open a trust or dedicated savings account in order to save funds. This option allows the customer to be completely independent with their finances while a specialist guides them to the financial understanding needed to financially independent. Once a settlement is reached, it will become the client's own responsibility to pay back the settled amount after the agreement is made. The settlement time varies between clients with different amounts of debt (and other factors), but the average time for settlement to be resolved takes around 3 to 6 months. Other factors that affect the time to settlement are time debts have been in collections and other factors.

The overall objective for the company is to have all enrolled debts settled within 18 months. PCS Debt Relief has a super informative website with a FAQ page and company model videos that educate the potential client about their process and procedures. The videos are relatively short in length but are extremely informative and helpful. Our team enjoyed the transparency proved by the FAQ page, which outlines procedures as well, how fees are determined, what to expect overall and the potential risks associated with debt relief.

Pros for this company include:

  • 15% to 20% of amount saved
  • Free Consultation
  • Transparency
  • $25 million in debt settled

The Bad

One of the biggest downsides to the company is that they require a minimum of $20,00o of unsecured debt to qualify for their services. On the other hand, consumers are not required to open a trust or dedicated account to save funds for negotiation. Although this allows customers to be fully independent, a minimum of $20,000 of debt and a reduction of up to 50% would require the client to come up with a quick $10,000. This company also lack professional accreditation such as those with the AFCC and IAPDA.

The Bottom Line

Although PCS Debt Relief offers a 100% satisfaction guarantee, our team of reviewers has some concerns about their lack of accreditations and their clarity on the no escrow account policy. There is also a minimum requirement of $20,000, which is higher than most of their competitors. Overall we are pleased with the company’s transparency, but we suggest researching our top recommended companies where some may not require such a high minimum and most will specialize in debt settlement and not consolidation.