Pacific Debt Relief is a debt consolidation company that has been helping people reduce their unsecured debts since 2002. They have an A+ rating with the Better Business Bureau, and they have helped thousands of people get out of debt. So, is Pacific Debt Relief a scam? Or is this company legit? In this Pacific Debt Relief review, we will take a look at the company’s history, services, and fees to help you decide if this is the right debt relief option for you.
The debt settlement company offers debt consolidation services for unsecured debts, such as credit cards, medical bills, personal loans, student loans, and more. They have a team of debt counselors who will work with you to create a debt consolidation plan that fits your budget.
One of the things that set pacificdebt.com apart from other debt consolidation companies is its experience. They have been in business for over 20 years, and they have helped thousands of people get out of debt. Pacific Debt focuses on helping clients pay off their unsecured debts.
There are no hidden fees or upfront costs.
So, is Pacific Debt Relief a scam? No, this company is not a scam. They are a legitimate debt settlement company with many years of experience helping people reduce their unsecured debts. If you are looking for a debt relief option, we recommend that you consider Pacific Debt Relief.
- Lower debt payments: Pacific Debt Relief may be able to negotiate with creditors to reduce the total amount of debt owed, resulting in lower monthly payments.
- Single monthly payment: By consolidating multiple debts into one payment, Pacific Debt Relief can simplify the repayment process for consumers.
- Professional negotiation: Pacific Debt Relief has experienced negotiators who can deal with creditors on behalf of the client, potentially getting better terms than the client could negotiate on their own.
- Fees: Pacific Debt Relief charges fees for its services, which can be significant and may add to the total amount owed.
- Negative impact on credit score: Debt settlement can negatively impact a consumer’s credit score, as payments may be missed or settled for less than the full amount owed.
- No guarantees: Pacific Debt Relief can’t guarantee that creditors will accept their settlement offers, and there is a risk that negotiations may not be successful.
What is Pacific Debt Relief?
Debt relief is the act of reducing or eliminating debt. This can be done through various means, such as negotiation, settlement, or bankruptcy. Since 2002, The firm has helped more than 30,000 clients settle and resolve over $1 billion in outstanding debt. They are a leading provider of debt relief services and have helped thousands of people get out of credit card and medical debt.
This debt settlement company is best for consumers who are having trouble making minimum payments and are concerned about reducing the amount they have to pay. Maybe you’ve lost your job and can’t keep up with your payments. Or perhaps you’re dealing with a medical emergency and can’t work. Whatever the reason, they can help.
They’ll work with you to find a solution that fits your needs and budget. And they have a great success rate, so you can be sure they’ll do everything they can to get you out of debt.
How does Pacific Debt Relief work?
Pacific Debt Relief is a debt settlement company that works with consumers who are struggling with unsecured debt, such as credit card debt, medical bills, and personal loans. Here’s how Pacific Debt Relief generally works:
- Consultation: Consumers start by scheduling a free consultation with Pacific Debt Relief, during which a debt specialist will review their financial situation and provide an assessment of whether debt settlement is a good option for them.
- Enrollment: If the consumer decides to proceed with Pacific Debt Relief, they will enroll in the program and begin making monthly deposits into a designated account. These deposits are intended to accumulate funds that will be used to settle the consumer’s debts with creditors.
- Negotiation: Pacific Debt Relief will negotiate with creditors on behalf of the consumer to try to reduce the amount owed. The goal is to reach a settlement agreement where the consumer pays a portion of the debt owed, and the creditor agrees to forgive the remaining balance.
- Settlements: Once a settlement agreement is reached, Pacific Debt Relief will use the funds accumulated in the designated account to make payment to the creditor.
- Completion: After all enrolled debts have been settled, the consumer completes the program and is debt-free.
It’s important to note that debt settlement can have negative consequences on a consumer’s credit score and may not be the best option for everyone. It’s important to research all options and speak with a financial professional before enrolling in a debt settlement program.
Pacific Debt Summary
- Accreditation: American Fair Credit Council, Better Business Bureau, Consumer Affairs, International Association of Professional Debt Arbitrators
- Consultation: Free phone or online consultation with a customer services rep
- Costs: 15% to 25% of the total debt enrolled. Fees vary from state to state.
- Customer Service: Phone or email
- Debts accepted: All unsecured debt except consumer finance loans, payday loans, legal judgments, and medical debts not already in collections. Minimum debts considered are typically $10,000
- Free resources offered: Informative debt management blog
- Restrictions: Pacific Debt services are only available in 25 states
- Service offered: Debt settlement through direct negotiations
- Trust ratings: BBB rating of A+ and 9.3 Trustpilot score
- Turnaround time: 24 to 48 months or more
How to qualify for Pacific Debt Relief?
To qualify for the Pacific Debt Relief debt settlement program, consumers generally need to meet the following criteria:
- Unsecured debt: The program is designed for consumers who have unsecured debt, such as credit card debt, medical bills, or personal loans. Secured debts, such as mortgages or car loans, are not eligible for the program.
- Financial hardship: Consumers must be experiencing financial hardship that makes it difficult to keep up with their debt payments. This could be due to a job loss, a reduction in income, or unexpected expenses.
- Minimum debt: Typically, consumers must owe at least $10,000 in unsecured debt to be eligible for the program.
- Ability to save: To participate in the program, consumers must be able to make monthly deposits into a designated account that will be used to settle their debts with creditors.
- Willingness to commit: Consumers who enroll in the program must be willing to commit to making regular deposits into the designated account and working with Pacific Debt Relief to negotiate settlements with their creditors.
It’s important to note that eligibility requirements may vary depending on the consumer’s specific financial situation. Pacific Debt Relief offers a free consultation to help consumers determine whether debt settlement is a good option for them.
How To Sign Up With Pacific Debt
To sign up with Pacific Debt Relief, you can follow these general steps:
- Free consultation: Start by scheduling a free consultation with Pacific Debt Relief. During this consultation, a debt specialist will review your financial situation and provide an assessment of whether debt settlement is a good option for you.
- Enrollment: If you decide to enroll in the program, you will need to provide information about your creditors and your outstanding debts. Pacific Debt Relief will use this information to develop a personalized plan for settling your debts.
To get started with Pacific Debt Relief, you can visit their website or call their toll-free number to schedule a free consultation with a debt specialist. During the consultation, the specialist will ask you questions about your financial situation and provide an assessment of whether debt settlement is a good option for you. If you decide to enroll in the program, the specialist will guide you through the enrollment process and help you get started on the path to becoming debt-free.
How much does it cost to use Pacific Debt?
Well, that depends on how much debt you have and what kind of repayment plan you’re looking at. Their fees are typically 15-25% of the enrolled debt, so if you have $10,000 in debt, you can expect to pay $1,500-$2,500 over the life of the program.
There are no upfront fees to use their services. So if you’re looking for debt settlement services with no hidden costs or surprises, Pacific Debt may be the right choice.
What Could You Save With Pacific Debt Relief?
Pacific Debt Relief could be a good option if you’re looking to save on your debt. You could save up to 50%. However, keep in mind that this is before taking into account fees.
Once you factor in fees, average savings are 15% to 35%. So, Pacific Debt Relief may not be the best option if you’re looking to save as much money as possible. But if you’re willing to sacrifice some potential savings for the convenience of working with a reputable company, Pacific Debt Relief could be a good choice for you.
How long does it take for the Pacific Debt Relief program to begin resolving your debt?
The Pacific Debt Relief claims that its program is designed to help you resolve your debt as quickly as possible. Once you have enrolled in the program, they will work with your creditors to negotiate a debt settlement that will satisfy your debt for less than the full amount that you owe.
They typically can resolve clients’ debt within 24-36 months. During this time, they will work with you to create a budget and payment plan that fits your unique financial situation. If you are struggling to make payments on your credit card debt, they may be able to negotiate a lower interest rate or monthly payment amount with your creditor.
How does Pacific Debt Relief affect your credit?
The outcome of your credit score will be based on how it looked when you first joined a debt settlement program. Generally, if you do not stick to the payment agreements you have with your creditors, your credit score will decline as you work to regain financial stability. Debt settlement involves negotiating with creditors to settle your debts for less than the full amount owed. While debt settlement can help you get out of debt, it can also have a negative impact on your credit score.
How to use Pacific Debt Relief’s website?
Pacific Debt Relief’s website is designed to provide consumers with information about their debt settlement program and to help them get started on the path to becoming debt-free. Here are the general steps for using Pacific Debt Relief’s website:
- Visit the website: Start by visiting Pacific Debt Relief’s website.
- Learn about the program: Explore the website to learn more about Pacific Debt Relief’s debt settlement program. You can read about how the program works, the benefits of debt settlement, and the eligibility requirements.
- Schedule a free consultation: If you’re interested in learning more about the program, you can schedule a free consultation with a debt specialist by clicking on the “Get Started” button on the homepage or the “Free Consultation” link in the navigation menu.
- Read customer reviews: Pacific Debt Relief’s website features customer reviews and testimonials that can give you an idea of what it’s like to work with the company.
- Frequently Asked Questions: The website also includes a section with frequently asked questions about the program, which can provide additional information about the program.
- Contact information: If you have any questions or need help, the website includes contact information for Pacific Debt Relief, including a toll-free phone number and an online contact form.
Overall, Pacific Debt Relief’s website is designed to provide consumers with the information they need to make an informed decision about whether debt settlement is the right option for them. If you have any questions or need help, don’t hesitate to reach out to Pacific Debt Relief’s customer service team for assistance.
Pacific Debt Relief BBB review
If you’re considering using Pacific Debt Relief to help you with your debt, you may wonder about their BBB rating. We’ve got the scoop on Pacific Debt Relief’s BBB rating, plus information on their complaints history.
Pacific Debt Relief has been accredited by the Better Business Bureau since 2010 and currently has an A+ rating. In the last three years, they’ve had three complaints closed, and 1 complaint closed in the last 12 months. While this isn’t a perfect record, it does show that Pacific Debt Relief is generally responsive to complaints filed against them.
So if you’re considering using Pacific Debt Relief to help get your finances back on track, their BBB rating is something you can consider. Remember to read through their complaints history to get a fuller picture of the company.
Here are some Pacific Debt Relief BBB reviews:
This company is amazing! Highly recommend. Shoutout to **** and ****** for working with me during my hectic work day! Yall are the best. -the crazy ?? dog groomer lady ????
***** is amazing, although this happens to many of us it’s still very much an embarrassing thing to say out loud, but ***** made me feel great about this. He was very attentive to my concerns! Thank you *****!!
I had 1-hour Thorough conversation with *************************, what I can tell is that I have been under constant stress for almost a year because of my credit card debt, and at the end of the call I felt a deep deep relief. ******* went through every detail of my debt, answer all my questions, was attentive to every word, and finally got me an extraordinary offer. Thank you ******* and thank you Pacific Debt for a Great Job.
Is Pacific Debt Relief legit?
Yes, Pacific Debt Relief is a debt settlement company based in San Diego, California that aims to help consumers struggling with unsecured debts. With Pacific Debt Relief’s program, consumers can consolidate their debts into a single monthly payment, potentially reducing the total amount owed. The company operates with an emphasis on transparency and offers an online platform for consumers to access their account information, track their progress, and communicate with their debt negotiators.
Pacific Debt Relief doesn’t charge upfront fees and its terms and fees are clearly outlined for consumers to review. While debt settlement companies like Pacific Debt Relief can’t guarantee results, their services can be helpful for consumers who need assistance in negotiating with creditors and ultimately eliminating their debts. Additionally, Pacific Debt Relief doesn’t just focus on personal debts, but can also help with business debts. Overall, if you’re looking for a debt relief company with online features and a clear pricing structure, Pacific Debt Relief is a good choice to consider.
It is also a member of the American Fair Credit Council (AFCC), which is an organization that promotes best practices in the debt settlement industry and works to protect consumers from fraudulent companies. As a member of the AFCC, the company is required to adhere to strict standards of conduct and transparency.
It’s important to note that debt settlement is not the right solution for everyone, and it’s important to carefully consider all of your options before enrolling in a debt settlement program. Pacific Debt Relief offers a free consultation to help consumers determine whether debt settlement is a good option for them and to provide information about other debt-relief options that may be available.
Still, if you’re looking for a legit company to help you get out of debt, then Pacific Debt Relief is a good option. Pacific Debt Relief is a great choice, we recommend it.
Thank you for reading!