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CreditAssociates Debt Relief Review


ConsumersAdvocate.org Rating: 4 / 5 (Very good)
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CreditAssociates is a debt settlement company that helps its clients reduce how much they owe in unsecured debt so they can pay their debt off faster. The company is a member of the American Fair Credit Council and is headquartered in Plano, Texas.
 
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How is CreditAssociates rated?

Breakdown

4.0/5
Reputation
4.0/5
Qualification
4.0/5
Pricing & Fees
4.0/5
Services

Overall Rating: 4 / 5 (Very good)

CreditAssociates is a debt settlement company that can help you significantly reduce the amount of credit card debt you owe so you can pay off your debt faster. CreditAssociates is a reputable company to work with and has received largely positive reviews from clients. To date the company has settled over 270,000 accounts resulting in hundreds of millions of dollars in debt resolved. Potential clients can request a free, no-obligation consultation.

Debt settlement programs are most commonly used by people who are struggling to make their monthly payments due to financial hardship. When a customer enrolls with a debt settlement company, they begin making affordable monthly deposits, into a special savings account that is used to negotiate with creditors to lower the amount paid below what is owed. This approach can negatively affect credit scores. So we usually recommend the debt settlement option as an alternative to bankruptcy for those who already have bad credit and are willing to let their credit suffer in the short term in order to get out of debt fast. Credit Associates is transparent about this process in the FAQ section of their website.

CreditAssociates Services

Services - 4 / 5

CreditAssociates offers debt settlement services and a free professional consultation for new customers. The company advertises that most clients can become debt free in 24 - 36 months, paying "a fraction" of their original debt. The website has a handy savings calculator which allows customers to input their debt load and average interest rate in order to see how much debt settlement can save them compared to debt consolidation, credit counseling, or doing nothing.
Services Offered
Debt Settlement
Professional Consultation
Program Length
24-36 months

Qualification

Qualification - 4 / 5

CreditAssociates can help you settle most types of unsecured debt, including personal loans and credit card debt. According to the company, clients must have a minimum of $7,500 in credit card debt in order to qualify for the program.
Minimum Debt Amount
$7,500
Debt Solutions For
All Unsecured Debt
Personal Loans
Unsecured Loans
Credit Cards

Pricing: How much does CreditAssociates cost?

Pricing & Fees - 4 / 5

CreditAssociates doesn't share any details about its fees, but charges no upfront fees for its services. Your actual savings, repayment time or monthly payment may vary. Ask about costs and savings when you have your free CreditAssociates consultation for a personalized estimate.
Up-front Fees?
No

Reputation

Reputation - 4 / 5

CreditAssociates is very reputable, they have received largely positive reviews from Trustpilot and maintains an A rating from the Better Business Bureau. It's also a member of the American Fair Credit Council. All of these things indicate that this is a solid company you can trust, though as with all debt settlement companies, you should be aware of the way the program works and the possible implications for your credit score before signing up.

Company Details

Year Founded
2015
Number of Accounts Settled
270,000
Amount of Debt Settled
$1,000,000,000

Compliance & Accreditations

AFCC Membership
Member
IAPDA Accredited
No
FTC Compliant
Yes

Online Reviews

Trust Pilot Rating
9.6 out of 5
BBB Rating
A+
Number of BBB Positive Reviews
0
Number of BBB Neutral Reviews
0
Number of BBB Negative Reviews
0
Date Collected
2021-07-27

Contact & Additional Information

Homepage URL
https://www.creditassociates.com/
Headquarters Address
5050 Quorum Dr., Ste. 700, Dallas, TX, 75254
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Our #1 Choice: Free consultation, 100% Confidential

  • Fast and easy application process
  • No upfront fees
  • One-on-one evaluation with a debt coach
  • Become debt-free in 24 to 48 months
  • For people with $7,500 in unsecured debts and up
  • Rated A+ by Better Business Bureau
  • AFCC Accredited
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