PROS: The average fees Pacific Debt Inc. charges for service
ranges between 15 percent and 22 percent of your enrolled debt that are lower
than average.
CONS: Pacific Debt doesn’t have an IAPDA accreditation.
VERDICT: This company has low fees additionally lower
average reductions after fees, that makes Pacific Debt
Inc. less attractive than other companies on the line-up.
Editor’s Note: The provider has mentioned us that they have
included a mobile management portal, joined with a debt management provider and
gotten licensed with the IAPDA, since our last review.
Pacific Debt Inc.
Review
Pacific Debt Inc. debt relief has the lowest overall fees,
ranging from 15 percent to 22 percent of your entered debt. This implies fees
paid for service are removed from the total amount of debts you enrol in the
program.
Contacting customer service, we calculated this score based on
our experience.
Higher is Better
1.
New Era Debt Solutions
90%
2.
National Debt Relief
85%
3.
Category Average
81.50%
4.
Accredited Debt Relief
80%
5.
Pacific Debt Inc. 80%
Pacific Debt Inc.
– Eligibility & Application
By filling out the online form on the company homepage you can
begin working with Pacific Debt Inc. Simply provide which state you live in,
how much debt you have, and what types of debt you have to see if you qualify
for a consultation with Pacific Debt Inc. Depending on this information, to
discuss your finances and consolidation options, a personal debt specialist
will contact you.
Pacific Debt Inc. –
Cost & Fees
Fees for consolidation loans range around 15 and 22 percent of
your overall debt; these figures are on the low end of fees for the line-up.
Average savings after the fees is 30 percent, which when compared to other
services on the line-up is about average.
To be qualified to work with Pacific
Debt Inc., you require $10,000 in unsecured debts, including credit
cards, medical bills, other lines of bills and credit that have been sent to
collections. Certain debts, like student loans and payday loans, are not qualified
for consolidation, however make sure to check with a debt specialist. Depending
on where you live, the amount of debt you need to owe to work with this service
may vary.
The consolidation program typically takes around 24 to 48 months
to complete, while every situation is assessed on a case-by-case basis. This is
well inside the industry average. While this may appear like an unnecessary
time span, it takes time to fix your finances, and there is no quick fix. You
put money into an FDIC-insured account,when your debt representative begins
negotiating with your creditors. When your debt is successfully consolidated,
these funds will go toward paying your creditors and Pacific Debt Inc. fees.
Pacific Debt Inc. –
Company Accreditations
This bill consolidation company publicizes that it does not
charge direct fees yet does not specify that it is legally prohibited from
doing so. This business is AFCC authorized, which means that in its
interactions with consumers,it has been surveyed by a third party and observed
to be upholding FTC rules and regulations. It is not accredited with IAPDA;
however, many debt consolidation services are licensed with only one of these
bodies.
Pacific Debt Inc. –
Customer Experience
The company website gives educational tools and useful
information about debt and other financial tips. Other ways include workbooks
about investing and helping you track your spending. You can call it directly
or email it to contact the company. You are assigned a personal account manager
and can get your information through the online portal,when you enrol in the
program. Also, you do not have a mobile account management option.
Pacific Debt Inc. –
Summary
Pacific Debt offers good resources for helping you deal with
your accounts during and after your consolidation program is complete and
charges generally low fees for service. While Pacific
Debt Inc. does not charge a substantial sum in fees, it likewise has
low average reductions of debt, making it less noteworthy overall.
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