Finding the best firm while looking around for debt consolidation companies is essential to the process. To help you make an informed choice, we chose to contrast Credit Associates vs Point Break Financial in this article.
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $10,000
- No Minimum Credit Score
- $3 billion+ debt resolved
- Minimum Debt $7,500
- No Minimum Credit Score
- $500 million debt resolved
- BBB A+ Rating
Credit Associates Review: A Fast-Growing Debt Consolidation Company
Credit Associates may be able to help if you’re having a hard time making your monthly payments. The top-rated debt relief company in America is Credit Associates, and they have assisted thousands of people in getting their finances back on track. Credit Associates will help you consolidate your debt quickly and easily to eliminate high-interest rates and streamline your monthly payments.
The National Foundation for Debt Management has accredited them, and they have an A+ rating with the Better Business Bureau. The only business that provides a money-back satisfaction guarantee is Credit Associates. In other words, you can get your money back if you’re not satisfied with their services.
Credit Associates offers a range of debt relief services, including debt consolidation, debt settlement, and debt negotiation. The company works with clients to create customized plan that fits their unique financial situation and goals.
Overall, Credit Associates has earned a strong reputation for its commitment to helping clients get out of debt quickly and efficiently. If you are struggling with debt and looking for a trusted partner to help you navigate the process, Credit Associates may be a good option to consider.
Pros of Credit Associates Debt Settlement Program:
- Reduced Debt: Credit Associates’ debt settlement program can help you reduce the amount of debt you owe by negotiating with your creditors. This can lead to a significant reduction in your overall debt burden.
- Affordable Payments: With Credit Associates’ debt settlement program, you can make affordable monthly payments that fit your budget. This can help you avoid defaulting on your debt and potentially facing legal action.
- Faster Debt Repayment: Debt settlement can help you pay off your debt faster than other methods like minimum payments or consolidation loans. This can help you get out of debt sooner and save money on interest charges.
- Professional Negotiation: Credit Associates has experienced negotiators who will work with your creditors to try to settle your debt for less than what you owe. This can be a time-consuming and difficult process, but Credit Associates professionals are skilled at navigating it.
Cons of Credit Associates Debt Settlement Program:
- Negative Impact on Credit Score: Debt settlement can have a negative impact on your credit score, as creditors may report settled debts as “settled for less than the full amount owed.” This can remain on your credit report for up to seven years.
- Potential for Increased Debt: While debt settlement can reduce the amount you owe, it’s important to note that creditors may continue to add interest and fees to your account while you’re in the program. This can lead to an increase in your debt burden.
- Fees: Credit Associates charges fees for their debt settlement services, which can vary based on the size of your debt and other factors. These fees can add up and may be higher than what you would pay for other debt-relief options.
Credit Associates: What is It?
Credit Associates is an assistance program created to aid people who are having difficulty managing their financial obligations. It works by negotiating with creditors to lower the amount of debt owed and to arrange for a feasible payment plan. This can help people to handle their debt and eventually pay it off. It is worth noting that the process can take a bit of time, and there are costs associated with the program.
Credit Associates is a well-known company in debt consolidation and gives its customers a range of possibilities. In addition, the business provides a money-back guarantee if you are not happy with its services. For people who want to consolidate their debt and start down the road to financial freedom, Credit Associates is a fantastic alternative.
Who Owns This Company?
We frequently get inquiries like this. A debt consolidation organization with over 14 years of experience is called Credit Associates. They are a privately held business, and a number of individual investors make up their ownership.
To assist you in getting out of debt, they have a staff of professionals in debt settlement. To determine if debt settlement is the best option for you, they provide a free consultation.
How Does It Work?
Credit Associates’ debt settlement program works by negotiating with your creditors to settle your debt for less than what you owe. Here’s how the process typically works:
- Free Consultation: Credit Associates will begin by offering you a free consultation to assess your debt situation and determine whether debt settlement is the right option for you.
- Customized Plan: If debt settlement is the right option, Credit Associates will work with you to develop a customized plan that fits your unique financial situation and goals.
- Monthly Payments: You will make monthly payments into a special account, which will be used to pay off your debt settlements. These payments are typically lower than what you were paying before, and they are designed to fit your budget.
- Debt Negotiation: Credit Associates’ experienced negotiators will work with your creditors to try to settle your debts for less than what you owe. This can be a time-consuming and difficult process, but Credit Associates professionals are skilled at navigating it.
- Settlement Offers: Once your creditors agree to a settlement offer, Credit Associates will contact you to review the offer and obtain your approval before accepting it.
- Debt Repayment: Once a settlement offer is accepted, you will make a payment from your special account to pay off the settled debt. This process continues until all of your enrolled debts are settled.
It’s important to note that debt settlement is not guaranteed and it can have a negative impact on your credit score. However, Credit Associates’ debt settlement program can be an effective option for people struggling with debt who are looking for a way to reduce their debt burden and pay off their debts faster.
Credit Associates Program: What Is It?
Credit Associates’ debt settlement program is a service designed to help people struggling with debt reduce the amount they owe to their creditors. Debt settlement is a process where a third party negotiates with creditors on behalf of the debtor to reach a settlement for less than the total amount owed.
Credit Associates’ debt settlement program involves working with a team of professionals who will negotiate with your creditors to try to settle your debt for less than what you owe. The goal is to help you get out of debt faster and at a lower cost than other debt-relief options.
To enroll in Credit Associates’ debt settlement program, you will typically begin with a free consultation where the company will review your debt situation and determine if debt settlement is the right option for you. If debt settlement is a viable option, Credit Associates will work with you to develop a customized plan that fits your financial situation and goals.
Once enrolled in the program, you will make monthly payments into a special account that will be used to pay off your settlements. Credit Associates’ experienced negotiators will work with your creditors to try to settle your debts for less than what you owe. Settlement offers will be reviewed with you, and you will need to approve them before they are accepted.
It’s important to note that debt settlement is not a guaranteed solution, and it can have a negative impact on your credit score. However, Credit Associates’ debt settlement program can be an effective option for people struggling with debt who are looking for a way to reduce their debt burden and pay off their debts faster.
How Much Does This Company Charge?
Credit Associates understands the importance of providing quality service without charging a fee, so they guarantee that if they have no involvement in the settlement process, no fee will be charged. However, if they are involved in obtaining the settlement, they will charge their normal performance fee. Their guidance, experience, advice, support, and service are crucial to helping their customers get the best possible settlement, so they strive to provide the best service possible.
Of course, each circumstance is unique, so it’s crucial to speak with one of their debt consolidation consultants to determine which choice is ideal for you. You have nothing to lose by calling them because they provide a free consultation.
How Much Can You Save With Credit Associates?
For those clients who are dedicated to sticking with their debt repayment program, the rewards can be worth the effort. On average, clients are able to save a substantial amount of their debt in a 24-48 month period. Without factoring in the fees, clients can save up to 55% of their debt, and even with their fees included, customers can still save 30%. However, not all debts are eligible for enrollment, so it is important to keep this in mind when making these claims. Nonetheless, those who are dedicated to their debt repayment program can reap the rewards of substantial debt savings.
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 Program: How Long Does It Take To Begin Resolving Your Debt?
The amount of time required to finish the program is different for each person but usually takes 36 months for those who follow the plan. This is dependent on the individual’s financial situation.
Upon enrolling in the Credit Associates program and starting to make your payments each month, the business will normally begin discussions with your creditors in a few months. Though it may take a while to come to an agreement with each lender, the bargaining procedure can be difficult and lengthy.
It is essential to understand that the duration of settling your debt is subject to your capability to make payments to the Credit Associates program. The program necessitates you to make frequent contributions to a trust account, which is used to negotiate with your creditors. If you do not make payments or are not able to stay on top of the program payments, it could delay the resolution process.
In the end, the time it requires to clear your debt with the Credit Associates program can depend on your specific situation and the results of the negotiations. It is vital to remain patient and determined and to collaborate closely with the program to guarantee the best probable resolution for your financial condition.
Which Companies Does It Settle Debts With?
Credit Associates assists its clients by bargaining with a selection of creditors to resolve their debts. Depending on the sorts of debts a customer has and the creditors they owe, the particular creditors that Credit Associates negotiates with can vary. Common types of debt that the company helps settle include credit card debt, personal loans, medical payments, and collection accounts. Credit Associates may negotiate with the original creditors and also with debt collection agencies that have purchased the debt from the original creditor.
When working with Credit Associates, a debt settlement company, it should be noted that not all creditors will be open to settling debts. A few may prefer to take legal action, while some may be more open to negotiation. Credit Associates has experience dealing with different types of creditors, and their representatives will strive to get the best settlement for each customer. Nonetheless, it is important to remember that the results of the debt settlement process will depend on each person’s unique situation, and thus cannot be promised.
Who has this company 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 more.
If you’re attempting to get out of debt, this is fantastic news because it implies that there’s a good possibility Credit Associates can assist you. A fantastic approach to reducing debt is by consolidating it, and Credit Associates has a lot of expertise in doing this.
How Do They Affect Your Credit?
When signing up for Credit Associates, it is wise to think about your credit score. Generally speaking, if payments to creditors are not made as agreed, your credit rating will be negatively impacted. This is especially relevant when you are trying to get back on track financially. It is therefore essential to take the right measures to keep a good credit score, even during tough financial times.
In addition, during the debt settlement process, you usually won’t pay your creditors directly; you’ll pay Credit Associates, who will place the money in a trust account and use it to negotiate with your creditors. Still, you could have late or missed payments reported to your credit report, which could decrease your credit score.
Credit Associates Customer Service
Contact Credit Associates’ customer support by dialing 866-337-2575, which is a toll-free number.
The typical business hours for contacting customer service are Monday through Friday, 7:00 am to 11:00 pm CST.
The hours of operation for customer support representatives on Saturdays are 8:00 a.m. to 8:00 p.m. CST.
5050 Quorum Dr., Suite 700 address of the Credit Associates customer service call center is in Dallas, Texas.
Have your account number or customer ID available when you call customer support so they can help you the best they can.
How To Use The Credit Associate Website
Using the Credit Associates website is a straightforward process. Here are the steps you can follow:
- Go to the Credit Associates website: Start by going to the Credit Associates website at www.creditassociates.com.
- Explore the website: Once you are on the website, you can explore the various sections to learn more about Credit Associates and their services. You can read about their debt settlement program, the types of debt they can help with, and the potential benefits and risks of debt settlement.
- Get a free consultation: If you’re interested in Credit Associates’ debt settlement program, you can start by filling out a form to request a free consultation. You will need to provide your name, phone number, email address, and the total amount of debt you owe.
- Learn about debt settlement: Credit Associates’ website provides information on how debt settlement works, the benefits and risks, and the difference between debt settlement and other debt-relief options. You can read through these sections to get a better understanding of whether debt settlement is right for you.
- Contact Credit Associates: If you have any questions or want to enroll in their debt settlement program, you can contact Credit Associates through their website. You can fill out a form to request a callback, or call their toll-free number directly.
Overall, the Credit Associates website is a helpful resource for people looking for information on debt settlement and other debt-relief options. By exploring the website and contacting Credit Associates, you can take the first step toward getting the help you need to get out of debt.
Credit Associates Reviews
The BBB rating for Credit Associates is A+. You can feel confident selecting this company as a debt settlement option because you can trust them. Choose a firm like Credit Associates because there are many out there that don’t hold themselves to the same high standards.
Reading BBB reviews is crucial if you’re looking for a debt relief firm. You can get a sense from this of what other customers have thought of the business. It’s a good technique to assess how responsive the company is to customers’ complaints.
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: The first step is to contact Credit Associates and inform them that you want to cancel your enrollment in the debt settlement program. You can call their toll-free number or send an email to their customer service department.
- Provide your account information: To cancel your enrollment, you will need to provide your account information, including your name and account number.
- Follow cancellation procedures: Credit Associates will have specific cancellation procedures that you will need to follow. They may require you to fill out a form or provide written notice of your cancellation. Be sure to follow these procedures carefully to ensure that your cancellation is processed correctly.
- Stop making payments: Once you have notified Credit Associates that you want to cancel your enrollment, you should stop making payments to your special account. You may also want to contact your bank to cancel any automatic payments that you have set up.
- Check your credit report: After canceling your enrollment in the debt settlement program, it’s a good idea to check your credit report to ensure that your accounts have been updated to reflect your current status. If you see any errors or inaccuracies, you can dispute them with the credit bureaus.
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?
Credit Associates is a legitimate debt settlement company that has been in operation since 2016. The company is headquartered in Texas and has helped thousands of people with their debt problems.
Credit Associates has an A+ rating with the Better Business Bureau (BBB), which indicates that they have a good reputation for customer service and ethical business practices. They are also a member of the American Fair Credit Council (AFCC), a trade organization that sets high standards for debt settlement companies.
However, before enrolling in Credit Associates’ debt settlement program or any other debt relief program, it’s important to do your research, read reviews, and consider all of your options. You should also consult with a financial advisor or credit counselor to help you make an informed decision about your finances.
Overall, Credit Associates is a legitimate company that can provide debt relief services to people struggling with debt. However, it’s important to approach debt settlement with caution and make sure that you fully understand the potential benefits and risks before enrolling in their program.
Is It The Best Debt Consolidation Company?
There are several excellent debt consolidation firms, but Credit Associates stands head and shoulders above the competition. They have a lot of happy customers and an extraordinarily high success rate. You won’t be let down!
FAQs
Q: What types of debt can Credit Associates help with?
A: Credit Associates can help with most types of unsecured debt, including credit card debt, personal loans, medical bills, and some types of business debt.
Q: Is debt settlement the right solution for everyone?
A: No, debt settlement may not be the right solution for everyone. It’s important to consider all of your options and consult with a financial advisor or credit counselor before enrolling in a debt relief program.
Point Break Financial Review: Is It Legit Or A Scam?
Have you received an offer from Point Break Financial that has been pre-approved?
Did the pre-approval code on your pre-approved offer indicate that you were personally chosen for it?
Your pre-approved offer, did it state:: “Your pre-approved for up to $50,000 at a fixed rare as low as 5.99%“
Did your pre-approved offer indicate a reduction in your interest rate from 21% to 5.99% APR?
Does your pre-approved offer indicate that your new monthly payment will be $773 instead of $1600?
Point Break Financial: Who are they? They do not act as a lender. They seem to be a lead generator who sells largely to debt settlement firms.
The website of Point Break Finance states:
This website is owned and operated by Point Break Holdings LLC. Address: 1968 S Coast Highway #1028 Laguna Beach, CA 92651. Loans are offered by Point Break Holdings LLC dba Point Break Financial affiliates. Kuber Financial, LLC dba Mobilend is an affiliate of Point Break Financial.
Almost too wonderful to be true?
You then start looking for reviews.
Summary
Point Break Financial received a 2-star rating from crixeo.com (data collected and updated as of December 27, 2021). The details provided here should aid in your decision over whether to do business with the company.
- It is not a lender.
- But not for themselves, Point Break Financial is doing a conventional bait-and-switch scheme for their lead customers. By sending you direct mail with an absurd interest rate of 5.99%, they entice you to consolidate your high-interest credit card debt.
- Point Break Financial fails to disclose that having excellent credit is a requirement for receiving a loan with such a low interest rate (which you have been supposedly pre-approved for).
- All Loan Requests are funded by a third party. The eligibility requirements for participating lenders’ creditworthiness are independent of Point Break Finance. APR/interest rates change depending on the specific terms.
- We’re interested to learn how many of the customers who received this offer in the mail truly qualify for 5.99% interest.
Point Break Financial Debt Consolidation: What is It?
In order to consolidate your debts and lower your monthly payments, Point Break Finance offers loans. Most of the time, unsecured loans don’t require collateral for approval. The business also provides debt settlement services, which entail negotiating on your behalf with creditors to reduce the amount of money you owe.
Point Break Financial Rating
It’s important to read both the positive and negative reviews while learning more about Point Break Financial’s BBB Rating. On the bright side, clients say that the business is simple to work with and offers good financial management advice. On the downside, the company’s representatives have allegedly misled some consumers or imposed exorbitant costs on them.
PointBreakFinancial.com – From Millennials to Baby Boomers: The Debt of Each Generation
The debt of each generation is depicted differently in a recent Experian research. Contrary to popular assumption, those with the most financial difficulties are neither Millennials or younger generations. The “The State of Credit” research discovered that different age groups have differing debt loads. PointBreakFinancial.com’s information can be used to better comprehend America’s financial status and develop solutions.
In particular when handling your personal finances, we strongly advise you to conduct your own research and due diligence on any organization.
Good luck, and please check out Crixeo’s Top Debt Consolidation Reviews of 2023.
Point Break Financial FAQs
Will This Company Hurt My Credit?
Does Point Break Financial affect credit reports? Your credit score won’t be harmed by Point Break Finance. In fact, if you use their services to consolidate debt and make your payments on time, it can help you raise your credit score. But, some debt reduction strategies, like debt settlement or terminating a lease, could harm your credit rating. Prior to choosing, it’s critical to comprehend the implications of any alternative.
Point Break Financial: Is It Legit?
Is Point Break Financial legit? Point Break Financial is an example of the problems facing the debt consolidation sector. Low-cost direct mail, the sale of loan leads, and bait-and-switch techniques are used to convert people into debt settlement clients. We strongly advise performing your own due diligence on Point Break Financial’s lead purchasers before engaging into any financial arrangements with them.
