Eagle One Debt Solutions Review: Is It A Legit Debt Settlement Company Or A Scam?

The difficulty of repaying debts that you are unable to afford is one of the worst things you can experience. It may be possible to limp along, making minimum payments and waiting for a windfall, but it is often best to simply seek help. debt settlement is one of the many ways in which people can overcome their financial difficulties.

To keep the debt settlement process organized, you can either try to settle your debts on your own or work directly with a company like Eagle One Debt Solutions. Before collaborating with a debt settlement firm, you should ensure that the firm is a bona fide business that will not run off with your money.

Debt settlement services such as Eagle One Debt Solutions are becoming increasingly popular. However, should you place your financial future in their hands?

Let’s take a look.

See How Eagle One Debt Solutions Works Below

It is evident from a quick review of the Eagle One Debt Solutions website that there are a few red flags.

Firstly, it is not a secure site, as it does not have the “https” prefix. Furthermore, it is quite old, as evidenced by the lack of plug-in compatibility and the use of old-fashioned formatting. It is not possible to load some of the photos. There are more than ten years since the copyright was granted in 2013.

On Eagle One Debt Solutions’ debt settlement page, which primarily consists of a list of FAQs, Eagle One Debt Solutions describes how its debt settlement process works.

As soon as you have sufficient funds in your designated Special Purpose Account, the company will begin to settle your debts. They will seek your approval before paying your creditors once they have negotiated an agreement with them. Throughout the program, you will be required to settle all of your debts.

The faster a customer can pay off their debts, the sooner they will be debt-free. Eagle One encourages customers to start saving as soon as possible toward debt settlement. Eagle One tells its clients that they should keep paying their creditors every month while they are in settlement so that they don’t hurt their credit.

How Much Does Eagle One Charge For Debt Settlement?

When it comes to Eagle One’s fees, the company charges a 15% fee on the total amount of debt that is enrolled in the program. A monthly fee of $9.85 is applied to the management of the bank account. This fee is equal to $18.85 for the first month and $9.85 for every subsequent month.

All unsecured debts are accepted by Eagle One, including credit cards, medical bills, and collections accounts. Ineligible for the program are debts secured by the property.

An example of the Eagle One debt settlement process can be seen below.

As an example, Marcus wishes to settle his debt of $10,000 on his unsecured credit cards through debt settlement. To enroll his accounts in the program, he agrees to pay $250 monthly to Eagle One, which will deposit the funds into a specific bank account. In exchange for $1,500, Eagle One successfully negotiates his debts to $5,000. After 26 months, Marcus has saved $3,500 and is debt-free.

Eagle One Debt Solutions Customer Reviews

There is no guarantee that Eagle One Debt Solutions is still operational. In addition to the outdated website, there is a lack of information available on review sites such as Better Business Bureau and Trustpilot.

To begin with, Eagle One Debt Solutions has two BBB profile pages. The company’s address appears on both pages, but according to the Better Business Bureau, the organization does not hold any accreditation. Eagle One Debt Solutions does not have any reviews or complaints.

Only one other source of information is RevDex, a little-known business review site that allows business owners to create free profiles and customers to review them. Eagle One Debt Solutions has been the subject of one scathing review since 2014.

According to the customer, Eagle One settled a debt without her approval, which caused difficulties since she filed for bankruptcy on the same day. The payment was refunded to her. According to the Revdex website, the issue has been resolved between both parties.

The final check we conducted on Eagle One Debt Solutions was its domain rating. According to Ahrefs.com, the company has a very low rating of 1.3. This is likely an abandoned website, and the business is no longer active.

Is Eagle One Debt Solutions Legit?

Eagle One Debt Solutions is not recognized by the Better Business Bureau, and the public doesn’t have access to a lot of information about it. If you are looking to settle your debts on your own or if you need to find a more reputable debt settlement company to handle your financial affairs, try to do so yourself.