Choosing the right company is essential, whether you need a personal loan or to settle your debts. To help you make an informed choice, we have compared Credit Associates vs Monevo in this review.
- BBB A+ Rating
- Minimum Debt $10,000
- No Minimum Credit Score
- $3 billion+ debt resolved
- BBB A+ Rating
- Minimum Debt $7,500
- No Minimum Credit Score
- $500 million debt resolved
Credit Associates Review: Debt Consolidation Company With A Near-Perfect Record And Fast Growing
It may be possible for Credit Associates to assist you if you are having trouble keeping up with your monthly payments. Thousands of people have benefited from Credit Associates’ debt relief services, making them America’s #1-rated debt relief company. Credit Associates can help you get rid of high-interest rates and simplify your monthly payments through debt consolidation.
You should know a few things if you are considering using Credit Associates to consolidate your debt. Firstly, Credit Associates is a legitimate company that has assisted thousands of individuals in resolving their debt problems.
They are accredited by the National Foundation for Debt Management and have an A+ rating with the Better Business Bureau. Moreover, Credit Associates is one of the few companies that offers a money-back satisfaction guarantee. Money can be refunded if you are not satisfied with their services.
Credit Associates is the best Debt Consolidation company if you want to get out of debt quickly and easily.
Pros and Cons
Credit Associates can be trusted without a doubt. Having been in business for 14 years, they have an A+ rating with the Better Business Bureau. But what are the other advantages and disadvantages of using their debt consolidation services?
The biggest pro is that thousands of people have been able to get out of credit card debt using their services. You can reduce monthly payments and pay off debt faster with their debt relief program. In addition, they offer a free debt consultation and a money-back guarantee.
Here are some of the advantages and disadvantages to consider:
Pros:
- Debt settlement can potentially help you become debt-free faster than making minimum payments on your own.
- Credit Associates’ debt settlement program can potentially reduce the total amount of debt you owe by negotiating with creditors to accept a lower amount as payment in full.
- Credit Associates’ debt settlement program can provide a more affordable monthly payment plan by consolidating multiple debts into one monthly payment.
Cons:
- Debt settlement can potentially damage your credit score because you are not making the required payments on your debts and some creditors may report your accounts as delinquent or charged off.
- Credit Associates’ debt settlement program charges a fee, which is typically a percentage of the total debt enrolled in the program. This fee can add up to a significant amount over time.
- Debt settlement is not a guaranteed solution and some creditors may not be willing to settle or negotiate.
Credit Associates: What is It?
Credit Associates is a debt settlement company that has been providing debt relief services since 2016. They specialize in helping individuals with unsecured debt, such as credit card debt, medical bills, and personal loans.
Their debt settlement program starts with negotiating with creditors on behalf of their clients, in order to settle outstanding debts for less than the full amount owed. Clients make monthly deposits into a designated account, which are then used to pay off settled debts. Fees are typically a percentage of the enrolled debt and are charged based on the amount of debt enrolled in the program. Credit Associates is based in Texas and is dedicated to providing helpful debt relief services.
Debt Consolidation Program
Credit Associates is a debt relief business that provides a plan to support customers in reducing their unpaid debt. This plan entails Credit Associates negotiating with creditors on the customer’s behalf with the aim of settling the debt for an amount lower than what is owed. This system is for individuals who are having difficulty with unsecured debts, for example, credit card debt, private loans, medical bills, and other kinds of unsecured loans.
A client sets aside a sum of money each month to accumulate funds for their debt settlements. Credit Associates then works with the creditors to lower the debt, and once an agreement is reached, the client pays the negotiated amount with the money from their dedicated account.
It is essential to keep in mind that debt settlement can have a detrimental result on credit ratings and there are charges connected with utilizing a debt settlement company. It is essential to cautiously examine all alternatives before signing up for any debt alleviation program and to completely investigate and comprehend the terms and fees related with the program.
Who Owns Credit Associates?
It is a question that we are frequently asked. Credit Associates is a debt consolidation company with over 14 years of experience. Their ownership consists of a group of private investors and they are a privately held company.
They have a team of debt consolidation experts that are here to help you get out of debt with the help of their team. To find out whether debt consolidation is right for you, they offer a free consultation.
How Does This Company Work?
Credit Associates offer a debt settlement program meant to assist people facing difficulty with unsecured debt, like credit cards, medical expenses, and personal loans. This is how the program operates:
- Consultation: First, you’ll schedule a consultation with a Credit Associates debt specialist who will review your financial situation and help determine if debt settlement is the right option for you.
- Enrollment: If you decide to enroll in Credit Associates’ debt settlement program, you’ll be assigned a personal account manager who will work with you throughout the debt settlement process. You’ll also need to sign a contract outlining the terms and conditions of the program, including fees and costs.
- Monthly deposits: You’ll make monthly deposits into a designated account, which will be used to pay off settled debts. The amount of the deposit is based on your individual financial situation and the amount of debt you’re enrolled in the program.
- Negotiation: Credit Associates’ debt specialists will negotiate with your creditors on your behalf to settle outstanding debts for less than the full amount owed. Once a settlement agreement is reached, you’ll need to approve the settlement offer and make a payment from your designated account.
- Debt resolution: Once all settled debts are paid off, you’ll have successfully resolved your debt with those creditors.
Credit Associates Program
Credit Associates offers a successful and productive debt relief solution for those struggling with unsecured debt. By combining payments into one account, Credit Associates can negotiate settlements with creditors to reduce the total amount owed. This program can be a fantastic way for individuals dealing with unsecured debt to get help and take back control of their finances. By taking advantage of Credit Associates, people can take steps to create a more advantageous financial future and turn things around.
See If You Qualify for Credit Card Relief
See how much you can save every month — plus get an estimate of time savings and total savings — with your very own personalized plan.
Credit Associates provides a debt settlement program that can help you become debt-free in a shorter period of time and at a more affordable expense. Once a contract is achieved, your creditor will get the arranged amount while the rest of the balance is released. Although this program can be advantageous, it is critical to think about the effect it may have on your credit score and the associated fees before agreeing to the program.
How Much Does Credit Associates Charge?
Credit Associates recognize the importance of providing excellent service for free, which is why they guarantee that no fees will be charged unless their services are used to settle the debt. However, if their expertise, help, and expertise are employed to reach a settlement, then the standard service fee will be applied.
Every situation is different, so it is important to talk to a debt consolidation expert to figure out the best option for you. Contacting them won’t cost you anything since they offer a free consultation.
How Much Can It Save You?
Sticking to a debt repayment program can be a difficult yet rewarding process. With dedication, individuals can reduce their debt by up to 55%, depending on the length of time they remain committed to their program. Although fees may be associated with the repayment plan, individuals are still likely to save around 30% of their debt. Not all debts may be eligible for such a program, yet those who are determined and stay the course will gain considerable savings in the long run.
How Long Does It Take For The Credit Associates Program To Begin Resolving Your Debt?
The Credit Associates program usually lasts 3 years, however, this timeline can be extended depending on the details of your finances. Once you sign up and begin making payments, the Credit Associates team will start negotiating with your creditors, which may take a while. If your situation is complex, the program might take more than the usual 36 months, but the Credit Associates staff will make sure you get the best possible outcome.
Realizing that it takes time to pay off debt with Credit Associates is critical. Patience, determination, and cooperation with the program are key to a successful outcome. Making regular payments into the trust account is necessary to reach an agreement with creditors. If payments are not made or are late, it can stall the resolution.
The amount of time it takes to pay off what you owe through Credit Associates may differ depending on one’s personal situation. It is critical to stay focused and work closely with the program to guarantee the best result for your finances.
Which Companies Does This Company Settle Debts With?
Credit Associates team of experts possess the expertise to negotiate with a variety of creditors, from the original lenders to debt collection agencies, to help their customers tackle their debt. They specialize in all types of debt, such as credit card debt, personal loans, medical bills, and collection accounts. Depending on the kind of debt and creditors their client has, Credit Associates may negotiate with different creditors. They are dedicated to providing their clients with the relief they need to get back on track financially.
However, it is important to be aware that not all creditors are open to settling debts. Credit Associates has a long history of working with various creditors, and their staff will do their best to get you the best deal possible. Ultimately, the success of the debt settlement process is dependent on the individual’s unique situation and cannot be guaranteed. It is important to have realistic expectations, and to be aware that not every debt can be successfully negotiated.
Who has it recently settled debts with?
Capital One, Visa, Mastercard, Chase, American Express, Citibank, Wells Fargo, Bank of America, Amazon, Macy’s, Costco, Lowe’s, Target, Kohls, Paypal, Walmart, Sam’s Club, T.J. Maxx, Bestbuy, Verizon, and many many more.
If you’re trying to get out of debt, this means you have a good chance of getting help from Credit Associates. Credit Associates has a lot of experience settling debts, which can be a great way to get out of debt.
How Does Credit Associates Affect Your Credit?
When signing up with Credit Associates, it is important to monitor your credit status. If you have not been able to pay off creditors, this could negatively influence your credit score. To stop this, it is critical to take the necessary steps to maintain your credit rating strong, even in periods of financial distress. Taking the time to analyze your credit score and taking the necessary action if needed can assist you in managing your funds and be sure your credit score stays in good condition.
Credit Associates Customer Service
866-488-6264 is the toll-free number for Credit Associates’ customer service department
Customer service representatives are available Monday-Friday from 7:00 am-11:00 pm CST
You can reach a customer service representative on Saturday between 8:00 am and 8:00 pm Central Standard Time
5050 Quorum Dr., Suite 700 is the address of Credit Associates’ customer service call center in Dallas, Texas.
If you wish to contact customer service, please provide your account number or customer ID so that they may assist you as effectively as possible.
How To Use Credit Associates Website
Credit Associates’ website is designed to provide information and resources for individuals who are seeking debt relief services. Here are some steps to help you navigate and use the Credit Associates website effectively:
- Start by visiting the Credit Associates website.
- Browse the website to learn more about the debt relief services offered by Credit Associates. The website provides information about debt settlement, credit counseling, and debt consolidation.
- If you’re interested in using Credit Associates’ debt relief services, you can fill out the contact form on the website to request a free consultation.
- You can also access resources such as blog articles and educational materials that provide insights and guidance on managing debt.
- If you have any questions or concerns about Credit Associates’ services or the website, you can contact the company directly using the contact information provided on the website.
Remember that it’s always a good idea to research and compare different debt relief options before making a decision, and to read reviews and testimonials from previous clients to get a sense of their experiences with Credit Associates or any other debt relief provider.
BBB reviews
Credit Associates has an A+ rating with the BBB. Using this debt settlement company is something you can trust and feel good about. It’s crucial to use a company like Credit Associates because many out there don’t have the same high standards.
BBB reviews are important when searching for debt relief companies. If you read reviews of the company, you’ll be able to see what others have to say about it. Additionally, it is a good way of determining how responsive the company is to complaints made by customers.
Here are some reviews:
Dennis S 01/12/2021
Johnny B 12/22/2020
Sheryl H 10/06/2020
Tone J 12/08/2019
How To Cancel Credit Associates
If you need to cancel your enrollment in Credit Associates’ debt settlement program, you can follow these steps:
- Contact Credit Associates to cancel enrollment in the debt settlement program
- Provide your account information to Credit Associates
- Follow cancellation procedures given by Credit Associates
- Stop making payments to a special account
- Check credit report to ensure accounts are updated correctly
It’s important to note that canceling your enrollment in Credit Associates’ debt settlement program may have consequences, such as the potential for your creditors to resume collection efforts. Be sure to discuss your options with Credit Associates before making any decisions about canceling your enrollment.
Credit Associates: Is It Legit?
Established in 2016, Credit Associates is a trustworthy debt negotiation firm based in Texas that is certified by the American Fair Credit Council (AFCC). They have a team of experienced debt advisors and a team of well-informed debt settlement attorneys and negotiators with many years of experience in the industry. They will work with you to reach a settlement with creditors, including speaking to creditors for you, organizing payments, and negotiating reduced interest rates and payments. All services come with a money-back guarantee.
Is It The Best Debt Consolidation Company?
There are indeed a lot of great debt consolidation companies out there, but Credit Associates has a leg up over its competitors. There is no doubt that their success rate is incredibly high, and they have a large number of satisfied customers. It will not disappoint you at all!
Monevo Review: A Marketplace For Debt Consolidation Loans That Is Award-Winning
In the San Diego area of California, the company is called Monevo and operates as a personal loan marketplace. Known as the largest marketplace for personal loans in Europe, it serves consumers throughout the continent. It is possible to find low-interest rates in just a few minutes with Monevo because it offers a wide range of lenders.
Monevo Loan Key Aspects
Amounts of loans: $500 to $100,000
Interest rate: 3.49% to 35.99%
There is no minimum credit score
- Personal loans with fixed interest rates
- A repayment term of three months to seven years is available
- A direct lender or a marketplace: A marketplace
- The turnaround time varies according to the lender
- The best loan for: Those who are looking for a good deal on a loan
Pros & Cons
Pros
- Various loan amounts are available
- Online form for quick submission
- Consumers’ credit scores are not negatively affected by the online form at Monevo
- Being upfront and transparent about their partners
- In 2013 they were recognized as the fastest-growing financial technology company in the UK by the Sunday Times Tech Track 100, and in 2017 we won The Queen’s Awards for Enterprise in Innovation.
Cons
- They are only able to lend to their network of lending partners
- You can expect to receive a lot of phone calls and emails from lenders.
- Underwriting can be done manually or automatically
How Much Does Monevo Loan Cost?
In the end, Monevo’s lender partners determine the amount of the loan, the interest rate, the penalties, and the fees. Consumers need to communicate directly with lenders to determine the actual cost of a loan. Monevo advises that rates will fall between 3.49% and 35.99% depending on the lender’s credit requirements since there are multiple lenders on the platform.
How To Qualify For Monevo
There are several criteria you must meet to get started with Monevo:
- A minimum age of 18 is required
- A bank account is necessary
- Nationality or residency in the United States
- The minimum credit score of 450
In addition to accessing the following information, you will need to apply for Monevo:
- The amount of your income before taxes
- Numbers associated with your social security card
- A score of your credit
You can begin working with Monevo as soon as you have met all the qualifications:
- You will need to enter your credit score, loan amount, and loan purpose.
- You will need to enter your social security number, annual income, etc.
- The terms of Monevo should be read and accepted
- You can submit your form by clicking “Get Your Results.”.
With the information you provide, Monevo will locate a suitable partner for you within their network. The service can be approved within one day and you will receive your funds within seven days if you decide to take advantage of it.
Monevo Reviews
Monevo has an A+ rating with the Better Business Bureau
Customer reviews for Monevo are generally positive. According to Feefo, it has received a Gold Trusted Service Award. It has received a very respectable 4.5 out of 5 stars based on 249 verified reviews on Feefo. Generally, Monevo’s negative reviews are because some people were unable to contact lenders or, sometimes, they were matched with lenders but were unable to find anything that met their needs
Monevo: Is It Legit?
- While Monevo will not affect your credit, you should expect your lender to eventually do a credit check, which will temporarily lower your score. Your credit score will not be affected by using Monevo to connect with lenders.
- You will be sharing your personal information with Monevo’s partnered lender, but there is no need to worry. You should, however, consider applying directly to a lender of your choice if you are concerned about this.
- There is no funding associated with Monevo which is an online personal loan marketplace. Assisting you in finding and comparing lenders, can help you find a suitable lender.
- You will receive your funds within a few days. A lender may be able to process it within one business day, but it can also take longer. Within 7 days of being approved, you can expect to see money in your account.
- Your lender will provide you with a repayment schedule, as well as any additional fees you may have to pay.
- If you have any questions, don’t hesitate to contact Monevo or your lender.
- In addition to having a presence in the UK, Monevo has major technology partners all over the world.
