Whether you are looking for a personal loan or assistance with resolving your debt, the following Pacific Debt Relief vs Credit9 comparison review offers insight into what each company can provide you with.
Pacific Debt Relief Review: There Is A Reason They Are Ranked #1
Pacific Debt Relief has been helping people reduce their unsecured debt since 2002. Pacific Debt Relief has earned an A+ rating from the Better Business Bureau and has helped thousands of people get out of debt. Pacific Debt Relief – is it a scam? We will examine Pacific Debt Relief’s history, services, and fees in this Pacific Debt Relief review to help you determine if the company is right for you.
A debt settlement company can assist if you have unsecured debts such as credit cards, medical bills, student loans, and more. When you enroll in their program, they will negotiate lower interest rates and monthly payments with your creditors. They will work with you to develop a debt consolidation plan tailored to your budget. If you are experiencing difficulties making your payments, they will assist you in finding a solution.
Pacific Debt has been in business for over 20 years as a debt relief company, and they have helped thousands of people get out of debt. They help clients pay off their unsecured debts.
Furthermore, Pacific Debt Relief charges a one-time setup fee of $49 and then a monthly fee of $39. This includes access to their online portal, customer support, and debt counseling.
It is not a scam. Pacific Debt Relief is a legitimate debt consolidation company with a lot of experience helping people pay off their unsecured debt.
- There is no charge for the initial consultation.
- After fees, you may be able to save up to 35%.
- It is easy to monitor your account online.
- The staff is pushy and tends to rush you into making a decision.
- Consumers can save as little as 15% after fees.
- Pacific Debt’s relief program is only available to residents of states where the company operates.
What Is Pacific Debt Relief?
By negotiating, settling, or filing for bankruptcy, a debt relief process can reduce or eliminate debt. Since 2002, the firm has assisted over 30,000 clients to determine and resolve outstanding debts totaling over $1 billion. They have provided debt relief services to thousands of individuals struggling with credit cards and medical debt.
It would be beneficial for consumers who have difficulty making minimum payments and are concerned about reducing the amount they must pay to their creditors to consider the services of this debt settlement company.
The need for debt relief can arise for a variety of reasons. It may be that a person has lost their job and cannot make payments. They may also be unable to work due to a medical emergency.
Their goal is to help you find a solution that meets your needs and budget, and they have an 85% success rate, so you can be confident that they will do everything in their power to assist you.
How Does Pacific Debt Relief Work?
In addition to debt consolidation loans, Pacific Debt Relief also offers financial education to help people manage their money better and prevent becoming in debt in the future. For customers in debt, the company negotiates lower interest rates and monthly payments with creditors.
With Pacific Debt Relief, thousands of people have become debt-free by consolidating their credit card debts and unsecured loans into one low monthly payment.
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 usually are $10,000
- Free resources offered: Informative debt management blog
- Restrictions: Pacific Debt services are only available in 25 states
- Service provided: Debt settlement through direct negotiations.\o\
- Trust ratings: BBB rating of A+ and 9.3 Trustpilot score
- Turnaround time: 24 to 48 months or more
What Kind Of Loans Does Pacific Debt Relief Offer?
Pacific Debt offers debt consolidation loans and home equity investments to help you get out of debt. They provide various loan options to help you find the right solution for your financial situation.
Pacific Debt Relief works with a network of creditors to negotiate lower interest rates and monthly payments on your behalf to save you money each month.
Using your home’s equity as collateral for a home equity loan may be an option if you have equity. It is possible to obtain money from this type of loan to repay debt. Home equity loans typically have lower interest rates than credit cards and personal loans, so you do not have to pay much interest.
Pacific Debt Relief may be able to assist you, no matter what your financial situation is.
How To Qualify For Pacific Debt Relief
There are many debt relief companies out there that can help you get out of debt. However, what do you need to know about qualifying for a loan like Pacific Debt Relief?
For a Pacific Debt Relief debt consolidation loan, you must have a minimum of $10,000 in debt and a maximum of $100,000.
If you meet these criteria, you may qualify for a debt relief loan from Pacific Debt Relief. The process is simple, and you will be out of debt in no time.
How To Sign Up With Pacific Debt Relief
A certified debt specialist will assess your financial situation and determine your suitability for debt settlement.
Follow these steps to schedule a free consultation:
- Visit the website of Pacific Debt Inc.
- Contact a debt specialist by clicking Free Consultation
- Click on See Savings after selecting your debt amount
- Select the amount of time you are behind in your payments
- You may choose your state of residence
- Click on the Submit button after entering all relevant contact information
How Much Does It Cost To Use Pacific Debt Relief?
As a general rule, the fees are 15-25% of the debt enrolled, so if you have $10,000, you can expect to pay $1,500-$2,500 throughout the loan.
You should note that this is just an estimate – your debt consolidation loan terms will determine your monthly payments. Pacific Debt does not charge upfront fees, so if you are looking for debt settlement without surprises, Pacific Debt may be the right solution for you.
What Could You Save With Pacific Debt Relief?
You may consider Pacific Debt Relief to save money on your debt. You could save a great deal with an average savings of 50%. Keep in mind this is before fees are charged.
Pacific Debt Relief typically saves 15% to 35% on debt consolidation when fees are considered. Pacific Debt Relief may not be the best option if you want to save a lot. However, if you are willing to sacrifice some potential savings for the convenience of working with a reputable company, Pacific Debt Relief might be an appropriate choice.
What Is The Minimum Credit Score For A Pacific Debt Relief Loan?
There is a minimum credit score requirement for Pacific Debt Relief of 660, but they may be able to work with you if you have a lower score. Their loans come with low-interest rates and flexible repayment terms.
How Long Does It Take For The Pacific Debt Relief Program To Begin Resolving Your Debt?
On the company’s website, Pacific Debt Relief claims its program is designed to help you pay off your debt as quickly as possible. Once enrolled, the company will negotiate with your creditors to negotiate a debt consolidation loan on your behalf.
The company usually resolves our clients’ debts within 12 to 36 months. They will assist you in determining a budget and payment plan that fits your financial situation. If you are having difficulty making payments, your creditor may be able to negotiate a lower interest rate or payment amount.
How Does Pacific Debt Relief Affect Your Credit?
Pacific Debt Relief can negatively affect your credit score, but you may not know how.
With Pacific Debt Relief, you can lower your monthly payments and interest rates by negotiating with your creditors on your behalf.
Once your creditors accept the settlement offer, you will make monthly payments rather than directly. They will retain these payments until we have enough money to pay off your debt.
As a result of the settlement, the credit bureaus will report your debt as “settled,” which will negatively impact your credit score. However, settling your debt is still an option that is better than declaring bankruptcy.
How To Use Pacific Debt Relief’s Website
If you are seeking debt relief, the Pacific Debt Relief website is a great resource.
Look at the “Calculate Your Savings” tool to see how much money you can save by working with Pacific Debt Relief.
Check out the “Success Stories” section to learn how Pacific Debt Relief has helped real people.
Lastly, read the “Frequently Asked Questions” section to learn more about Pacific Debt Relief.
If you follow these steps, you will be well on debt relief.
Pacific Debt Relief BBB Reviews
Suppose you are considering Pacific Debt Relief to assist you with your debt. In that case, you may be interested in knowing Pacific Debt Relief’s BBB rating and information about their complaints history.
Since 2010, Pacific Debt Relief has been accredited by the Better Business Bureau and is currently A+. Pacific Debt Relief has closed three complaints in the last three years and one in the previous 12 months. Although this is not a perfect record, Pacific Debt Relief is generally responsive to complaints.
The BBB rating of Pacific Debt Relief may be something to consider if you consider their services to revitalize your finances. Read through their complaints history for a complete picture.
Here are some Pacific Debt Relief BBB reviews:
Brian D 07/22/2022
Is Pacific Debt Relief Legit?
If you are wondering if this company is legit and if it settles millions of dollars in consumer debt each month, you are not alone.
There is no doubt that Pacific Debt Relief is a legitimate company that has assisted thousands of consumers in getting out of debt. They have an A+ rating with the Better Business Bureau and have been in business for over 20 years.
Moreover, they only cover half of the states nationwide. Also, you may not get the best deal. There may be a company that offers a lower interest rate or fee.
Thus, Pacific Debt Relief is an excellent option if you want a legit debt relief company.
If you have used Pacific Debt Relief, please leave a comment below.
Thank you for reading!
Credit9 Review: Is It Bait And Switch Trap?
Cross River Bank makes all loans available through Credit9 LLC, offering personal loans and debt consolidation options to meet your needs. The company has three websites: Credit9.com, Apply.credit9.com, and Loans.credit9.com.
In taking out a loan, it is vital to consider all of your options carefully. Credit9 has become increasingly popular in recent years. However, choosing the right one cannot be accessible with so many lenders available. This is why it is essential to research and make sure you choose the right lender. So that you can make an informed decision, here is a closer look at what Credit9 has to offer.
- All loans are made available by Cross River Bank through Credit9 LLC.
- APRs will range from 4.99% to 24.00%, with an origination fee of 2.5%.
- A loan with a low-interest rate of more than $35,000 is likely to be brokered.
- It is possible for the amount, term, and APR of a customer’s loan to differ depending on their credit history and state law. State laws governing minimum loan amounts may vary.
- Approval and loan terms will vary based on credit determination and state law.
State-specific interest rates may apply. To see what rates apply in your area, please visit Credit9’s licensing page.
What Is Credit9?
Credit 9 offers loans to consumers and businesses with a simple application process and quick approval. As a Delaware Limited Liability Company, they have an A+ rating with the Better Business Bureau. With 1,676 positive customer reviews, 37 complaints were filed against the company.
In addition to being located in Irvine, CA, they are affiliated with Americor and Fast Loans Funding. For more information, please get in touch with them at (800) 291-0172.
What are the fees for Credit9?
Credit9 offers a variety of low-interest loan options, so you may be tempted by the 4.99% rates advertised. Most states, however, charge an annual percentage rate (APR) ranging from 18% to 24%, including an origination fee of 2.5% on such loans. Loans over $35,000 may also be renegotiated with other lenders.
An example would be the following: Loan Amount: $4300.00, Annual Percentage Rate: 24.00%, Number of Payments: 30, Monthly Payment: $191.99
How Does Credit9 Work?
According to your credit score and where you live, Credit9 offers a variety of loans that vary in terms of interest rate and repayment term. In general, the minimum loan amount varies from state to state. Please refer to their website for more information on your area’s specific rules and regulations regarding Credit9 loans.
How To Qualify For A Credit9 Loan
To qualify for the lowest rates at Credit9, you must have good credit, a steady income, and proof of employment.
Once you meet the necessary qualifications, applying for a loan can be a quick and easy process. You need to fill out an application and wait for the approval. Additional documentation may sometimes be required, which could delay the approval process. Nevertheless, if everything appears to be in order, you may be approved within one day.
Please note that loan terms and approval will vary depending on your credit score and state regulations. Therefore, it is always a good idea to speak with your local Credit9 representative to learn about your options.
The following criteria must be met to qualify:
- You must be at least 18 years old (19 in Alabama)
- Maintain a regular source of income
- Maintain a checking or savings account in your name
- Have a valid Social Security number and be a U.S. citizen or permanent resident alien
How Much Does Credit9 Save You?
With Credit9, you may be able to reduce your credit card debts. They may assist you in getting a lower interest rate, which can save you money in the long run. Furthermore, they will be able to provide you with a loan amount that you can comfortably repay, so you will have extra money to spend on things such as your dream wedding or vacation.
Ensure that you can afford the monthly payments before taking out a loan. Missing a payment or defaulting on the loan may affect your credit score.
How Does Credit9 Affect Your Credit?
You should know the loan process and how it affects your credit score. Most lenders will begin with a soft credit check to determine the interest rates and loan terms you might qualify for. This does not affect your credit score.
As soon as you apply for a loan, the lender will need to make a hard credit inquiry to obtain a complete picture of your credit history, which can negatively affect your credit score.
Who Is Credit9 Affiliated With?
The company is affiliated with Americor and Fast Loans Funding and uses the name Credit9 Holdco Inc. as an alternate name
Credit9 Customer Reviews
Here are some BBB reviews:
Laona D 12/06/2022
Lacey P 12/06/2022
Lee W 12/05/2022
Initial Complaint 11/04/2022
Complaint Type: Problems with Product/ServiceStatus: AnsweredMore info
I want to state that I have never contacted this company, nor have I ever requested to be contacted by this company. For the past few months, I have received multiple calls a week and sometimes even multiple in a day. They call and ask for someone I do not know and request to be put on the do not call list every time. Employees are also very rude; some hang up before I can even state to place myself on a do not call list.
Is Credit9 A Debt Settlement Company?
In contrast to debt settlement companies, Credit9 is a company that provides personal loans and debt consolidation loans. The company assists its customers in consolidating their debts and lowering their monthly payments, but it does not settle debts for less than the amount owed.
Some people attempt to negotiate with their creditors independently, while others use third-party companies. Many debt relief methods exist, but selecting the best one can be challenging. All lenders may not accept a debt settlement, which can lead to more harm than good in some cases. Credit9 assists you in consolidating your debts and reducing your monthly payments without settling for less than you owe.
Possible Risks Of Unsecured Personal Loans
To take out a loan, you must consider several factors, including how much you can afford to repay, the interest rate, and whether you can make payments on time. Furthermore, there are other factors to consider, such as what happens if you cannot repay the loan. For this reason, you must understand the risks associated with the various types of loans before signing any contracts.
- A personal loan‘s interest rate can range from as low as 10% to as high as four times this amount. Lenders often have a wide range of leeway when setting interest rates. Understanding how interest rates work is essential before taking out a personal loan. Your credit score will affect what interest rate you are offered.
- When it comes to prepaying a loan, different lenders have different policies. Some may charge a fee, while others may not. It will depend on the type of personal loan you have. If you intend to pay off your loan prematurely, you must read the fine print and determine what, if any, penalties you will incur.
- The lender may charge fees when you take out a loan. These fees can vary significantly from one lender to another, so you must shop around to ensure you get a fair deal. You do not need to go with the first lender you are approved for, as there are many different loan providers.
- People’s concerns regarding sharing personal information have increased as more people use online banking. While data protection laws exist for banks and credit unions, other lenders may not be bound by such legislation. As a result, consumers cannot discern which provider is trustworthy with their personal information.
- When you take out a personal loan, you may be offered additional insurance to protect your loan in case of disability or death. This type of insurance can be beneficial, but you should compare rates and coverage before you commit. If you compare general disability insurance with what your lender offers, you may find it is cheaper and provides a better range than your lender.
Is Credit9 Legit Or A Scam?
There have been many reports of individuals finding credit9.com to be a helpful resource for financial assistance. However, there have also been reports of some individuals having difficulty working with the company. Credit9.com is a legitimate company that helps many people obtain financing.
When taking out a loan, it is essential to consider a few factors. It would help to compare rates from different lenders to ensure you get the best deal possible. It would help if you also read customer reviews to get an idea of what you are getting into. Taking out a loan can be a big responsibility, so you must be able to afford it.
If you have any experience with Credit9, please share it in the comments below.
Thanks for taking the time to read this!