Credit Associates Reviews Plus Easy Guide 2022 : Current School News

Credit Associates Reviews Plus Easy Guide 2022

Filed in Articles, Banking by on March 17, 2022



– Credit Associates Reviews –

Have you heard anything about credit associates reviews? Credit Associates is here to assist you if you are facing insurmountable debt as a result of a job loss, divorce, illness, loss of income, or any of several other factors.

Credit Associates Reviews

Credit Associates Review Company Overview

The company is a gold accredited service with the International Association of Professional Debt Arbitrators (IAPDA), which means it has at least 25 to 99 IAPDA-certified debt advisors and is an accredited member of the American Fair Credit Council (AFCC), one of the leading professional associations serving the debt relief industry.

Although Credit Associates can deal with people all throughout the United States, its program isn’t available in every city.

While there isn’t a complete list of states where services aren’t available, CO, CT, GA, MD, MN, OH, VT, and WY are some instances of states where services aren’t available.

There were no recent legal measures taken by the government against Credit Associates at the state or federal level, according to our investigation.

Credit Associates LLC

Credit Associates is a debt reduction organization that focuses on credit card debt settlement. According to the company’s website, it has assisted thousands of consumers in settling debts totalling millions of dollars.

The length of the debt settlement program, according to the company, is determined by each client’s financial condition, although most clients can expect to be debt-free in 24 to 36 months.

Credit Associates is a debt reduction organization that focuses on credit card debt settlement. According to the company’s website, it has assisted thousands of consumers in settling debts totalling millions of dollars.

The length of the debt settlement program, according to the company, is determined by each client’s financial condition, although most clients can expect to be debt-free in 24 to 36 months.

Credit Associates can only help with unsecured debts like credit card debt and personal loans since it only offers debt settlement; it can’t help with secured debt like a mortgage, vehicle loan, or home equity loan because it only offers debt settlement.

Credit Associates Debt Relief

The purpose of Credit Associates’ debt settlement program is to assist you in reaching an agreement with your creditors that is less than what you owe.

The firm assists with unsecured debt settlements such as credit card debt, medical expenses, and unsecured business debts.

Credit Associates, like most debt settlement companies, cannot help with debt backed by collateral, such as home mortgages, home equity loans, or car loans.

Because the organization makes no mention of student loans, it’s unclear if it can assist you with this form of debt.

To be eligible for Credit Associates’ debt settlement program, you must experience a serious financial difficulty (e.g., a recent divorce, medical issue, or death in the family).

Other restrictions, such as the needed minimum debt amount, are not clearly stated by the company.

However, because its calculators have a default minimum debt level of $7,500, we believe this is the least debt amount required.


You will not be charged any upfront fees with Credit Associates because it is against the law. Only if the company is successful in reaching a deal with your creditors does it charge a fee.

The debt relief sector is known for its performance-based fee structure.

Credit Associates, unfortunately, does not reveal the average costs it charges its customers, nor does it explain the potential savings before and after fees.

All of this information is disclosed by the greatest debt relief companies in the industry.

Clients of Credit Associates can cure their debt problems in 24 to 36 months on average, which is within the industry average of 24 to 48 months.

Customer Service

Support Available Six Days a Week

If you need assistance from Credit Associates, you can reach out to a representative every day of the week except Sunday. Monday through Friday, between the hours of 8 a.m. and 12 a.m. ET, and Saturdays, between the hours of 9 a.m. and 9 p.m. ET.

Credit Associates can be reached by phone at the following toll-free number:

Customer Service for Clients


Keep in mind that you won’t be able to contact Credit Associates on Sundays, and there isn’t a live chat option. Although these are drawbacks, they are not uncommon.

It’s not uncommon for debt relief services to just give support on weekdays and very few debt relief firms offer a live chat option.

Customer Satisfaction

‣ Communication Issues are Common

We looked at a range of testimonials to get a sense of what it’s like to work for Credit Associates. Although there were many positive evaluations, many of them focused on the company’s early involvement. There weren’t a lot of testimonials from folks who have completed the training.

Many people complained about communication problems with Credit Associates in their ratings. Many reviews said that they received unsolicited mail and phone calls from the company.

In addition, several reviews stated that contacting the company’s customer service personnel was difficult.

Positive reviews have even stated that they would want to receive more frequent updates from the organization.

Credit Associates’ debt advisors, according to other bad complaints, pushed clients to sign contracts on the spot without giving them enough time to evaluate the specifics. Even if these are isolated incidents, they are disturbing.

‣ Account Management

By entering onto Credit Associates’ client portal 24 hours a day, seven days a week after you’ve signed up for services, you’ll be able to track your progress and manage your account. You’ll also be assigned a support team, which you can call for one-on-one assistance.

These features can assist with account administration.

‣ Other Features

A free debt consultation will be provided to you before you sign up for Credit Associates’ services. Your debt expert will analyze your financial position with you and discuss viable options during this meeting.

If the organization is unable to assist you, it may be able to direct you to a debt relief company that can provide the services you require.

This is a value-added service that the competitors do not always provide.


How Credit Associates Compares to Other Debt Relief Companies

National Debt Relief, a well-known debt settlement company, is one of Credit Associates’ key competitors. Both firms specialize in assisting people with unsecured debt problems, while National Debt Relief may be able to assist with private student loans on a case-by-case basis.

Credit Associates doesn’t say whether it can help with student loan debt negotiation.

Some of the other key differences between Credit Associates and National Debt Relief are:

1. Credit Associates does not provide information about its normal cost structure.

2. National Debt Relief states that its fees typically range from 15% to 25% of total enrolled debt (the industry average).

3. Credit Associates doesn’t say how much debt you need to qualify for its program, although National Debt Relief says you need more than $7,500 in qualified debt to participate.

4. Credit Associates has a reputation for having communication issues, according to reports from a variety of sources.

Reviewers, on the other hand, claim that National Debt Relief will communicate with you on a regular basis.

credit associates reviews

Credit Associates Reviews: Top Features

1. Established Company

Credit Associates has been in operation since 2007 and operates a debt settlement service in 42 states.

2. Short Program

They structure the debt settlement program at Credit Associates on a 24-to-36-month payment schedule. This is a demanding technique that requires you to build a monthly cash flow in order to fast negotiate your debt.

A wide selection of unsecured debt: Credit Associates appears to have a $10,000 minimum enrollment requirement. Credit card debt, corporate debt, and medical/hospital expenses are all areas of expertise for them.

They do not, however, negotiate secured debt such as mortgages or vehicle loans, as do some other debt settlement companies.

3. Several Certifications in the Field of Business

Credit Associates is a member of the business team who has been accredited by the American Fair Credit Council (AFCC).

They have the emblem of the International Association of Professional Debt Arbitrators (IAPDA), although Credit Associates is not a member of the IAPDA.

4. Free Consultation

They offer a free debt consultation to evaluate your financial status and determine whether you are a good fit for their program.

5. Zero Upfront Fees

Credit Associates, like other legitimate debt settlement companies, does not charge any upfront fees.

6. Competitive Fees and Results

Credit Associates reviews do not include any disclaimers or information about its savings and costs. Their savings estimate tool shows a sample effect, with savings of around 35% of the initial debt.

They are aware, however, that this is a conventional example, and the results may not apply to your own scenario or circumstances.


Credit Associates Review: Qualifying for a Debt Relief Program

National Debt Relief offers a debt settlement program to help consumers who are struggling with their bills. Similar to other debt relief companies, here are their major requirements:

1. Financial Hardship

Credit Associates relies on your certification that you are in financial difficulty. They work with you before and during the program to substantiate your financial hardship.

2. Behind in Payments

To qualify for a debt settlement program, you need to be at least several months behind in your payments.

3. Ability to Make a Monthly Payment

You need to make a monthly payment to the program. Credit Associates notes that this is a savings oriented program.

Instead of paying your creditors, you must make monthly payments to a specially designated account in your name that will be used to pay off your debts. Credit Associates bases its program on a 24-36-month time frame.

If you owe $10,000 in credit card debt, for example, expect to pay around $208 per month for a three-year program versus minimum payments of around $250.

4. Sufficient Debt to Warrant the Program

Although they don’t publish a minimum debt, it seems as if Credit Associates requires you to enrol at least $10,000 in debt.

Paying Off Debt with Credit Associates Reviews

Call Credit Associates for a no-obligation consultation to discuss your financial situation and goals. Your consultant will walk you through the debt settlement process to see if it is a good fit for your needs.

After you sign a contract with Credit Associates, the company will begin the debt resolution process by contacting your creditors to begin negotiations. Negotiating a debt settlement typically takes six to nine months.

If you haven’t already, you stop making payments to the creditor. Unpaid bills give companies the impression that you are unable to pay, giving them an incentive to accept a lower amount.

Each month, you deposit a reasonable sum into a Special Purpose Savings Account. Credit Associates returns to work for you once you have accumulated a target lump sum that can be used to pay a settlement.

During the negotiation process, Credit Associates offers the creditor a lump sum from the savings account. Creditors are frequently willing to accept payment in exchange for removing your debt from their books.

Debt settlements typically have a negative impact on your credit score, and interest and penalties accrue on the amount you owe a creditor during the negotiation process.

People working out debt relief agreements typically have a low credit score prior to working with CreditAssociates due to unpaid bills. If the negotiations are successful, the settlement plus CreditAssociates’ fee will be less than the total amount you owed to the creditor.

Credit Associates Reviews Debt Settlement Cost

Credit Associates does not charge any upfront fees for working with you. Instead, you only pay the company if you accept a debt settlement that has been negotiated on your behalf.

Your settlement payment and the cost of services are deducted from your Special Purpose Savings Account. The company does not provide sample costs, which vary depending on the regulations of each state.

During the free consultation, discuss the fees for debt settlement services.

We recommend you consult with a financial advisor about any taxes that you may owe on the amount of debt forgiven. Your circumstances may qualify you for a tax exclusion or exemption on passive income.

FAQs about Credit Associates Reviews

1. Is Credit Repair a Scam?

Credit repair is a legal service, and there are many legitimate credit repair companies out there.

Unfortunately, there are a lot of fraudulent credit repair companies out there that take advantage of customers and make promises they can’t keep.

2. Do you think Dovly Credit is a legit credit repair company?

Overall, Dovly is a low-cost entry-level credit repair company that can help you get disputes off your record and see a modest (but quick) increase in your credit score.

If you want a comprehensive debt reduction and credit score plan, you will most likely need to combine this service with another.

3. Are Credit One Credit Cards Legit or a Scam?

Credit One Bank is a legitimate bank that has been providing unsecured credit cards to people with poor credit and limited credit since 1984.

Credit One Bank has an A- rating from the Better Business Bureau and is regarded as a major credit card provider by market research firm J.D. Power.

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