Is Americor Funding A Scam? This is a question that many people have asked in recent years. With so many debt relief companies out there, it can be difficult to know which ones are legitimate and which ones may not be. The good news is that Americor Funding has been around since 2008 and has an A+ rating from the Better Business Bureau (BBB). Our Americor Funding Review provides an overview of the program.
Is Americor Funding A Scam?
Americor offers debt consolidation and debt settlement services, as well as other financial solutions. They have received positive reviews from customers who have used their services, with many praising their customer service and the results they achieved. On Trustpilot, Americor has a 4-star rating with 42% of negative reviews being replied to within one month.
However, some customers have reported that Americor charges high fees for their services and does not always negotiate the best deals for them. It is also important to note that Americor does not guarantee any specific results or outcomes when using their services.
How much does Americor save you?
Americor may be able to help you save a significant amount of money on your debt. On average, their clients who make all their monthly program payments save 40-50% of their enrolled debt upon successful completion of the program, This is before any program fees are taken into account. Fees could be as high as 15% to 25%.
How much debt can you enroll in Americor?
To consolidate your debts with Americor, you’ll need at least $10,000 in unsecured debt. This includes credit card debt, medical bills, and personal loans. If you have less than $10,000 in debt, you can still enroll in Americor’s debt consolidation program.
If you’re unsure whether debt consolidation or debt settlement is right for you, Americor offers a free consultation to help you decide. During the consultation, a certified credit counselor will review your finances and help you choose the best option.
How does Americor affect your credit?
To ascertain which offers you may be qualified for, Americor will carry out a “soft credit pull.” This credit pull will not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft power is not a tradeline entry and, thus, will not be reported against your score. debt settlement companies debt settlement company debt consolidation loans american fair credit council debt settlement program
How to use Americor website?
Americor is a website that helps you with your finances. You can use it to consolidate your debt, get a lower interest rate, or even eliminate it. It’s an excellent resource for anyone who wants to get their finances in order.
Americor BBB Reviews
Americor, a debt relief company, has been the subject of 145 complaints filed with the Better Business Bureau (BBB) in the last three years, 46 of which were closed in the previous 12 months.
Here are some Americor Funding BBB Reviews:
Paul A 04/04/2022
I guess I will start this out by saying, buyer, beware. This company is in the habit of not telling you everything upfront. I was never told that the reduction in amounts owed would result in me paying taxes on all of those amounts. They convent leave things out of the conversation and then tell you to ask a tax preparer.
They tell you that your credit score will take a little bit of a hit, well, mine went down over 150 points, and now there is a chance that I will have to come up with thousands of dollars to pay for the taxes on what they negotiated. Make sure you have them explain everything in the contract. Every letter. This company will not explain everything to you. They will miss leading you. Beware. I would leave zero starts, but you have to indicate at leave 1
Alison D 03/28/2022
My husband has had to deal with lawyers alone because the company did not do what they said they would do.
Mark G 08/18/2022
The customer service is outstanding, and the people are eager and excited to help. Anu is my representative, and she is fantastic to work with. It’s a little tough at first to trust someone with your future, but they came thru with flying colors. Thank you very much.
Final Thoughts
Overall, it appears that Americor is a legitimate company offering debt relief services but it is important to do your research before signing up with them or any other debt relief company. Make sure you understand all of the fees involved and read customer reviews to get an idea of what kind of experience you can expect if you decide to use their services.
