What is Credit Associates
Credit Associates is a well-known and reputable debt relief firm. It has been operational since 2007 and deals with a debt settlement program throughout 42 states. Since 2007, Credit Associates has been a respectable debt settlement firm.
Additionally, the company is part of the American Fair Credit Council (AFCC) that includes members dedicated to following a code of conduct within the industry.
So, if you are looking for a debt relief company but wondering what is Credit Associates, worry no more. Credit Associates can negotiate unsecured debt like medical debt, credit card debt, business debt, and more. This insightful piece highlights everything about them. So keep reading.
Credit Associates short program
The construction of Credit Associates’ debt settlement program includes approximately 24 to 36 payments per month. This feature means that it is a highly aggressive program that requires you to commit to making monthly payments so that Credit Associates representatives can rapidly negotiate your debt.
Qualifications
So, whom is Credit Associates serving? Credit Associates is clear on who qualifies for their debt settlement services and who does not. So, to be eligible for the debt settlement program that the firm offers, you must be in the middle of a genuine financial hardship like death in the family, a recent divorce, or a medical issue. Besides that, Credit Associates does not explicitly disclose additional requirements like the minimum level of debt required.
But apparently, the firm integrates a minimum enrollment of around $7500 to $10,000. In fact, the company’s calculators include a built-in minimum of $7500. So, we presume that this figure could be the minimum debt level that Credit Associates requires.
Who is Credit Associates accredited to?
As mentioned earlier, Credit Associates is an accredited member of the AFCC. AFCC is among the leading professional associations that serve the debt relief industry. Credit Associates also includes the International Association of Professional Debt Arbitrators (IAPDA) logo, indicating that it features a minimum of 25 to 99 IAPDA-certified debt advisors.
Credit Associates debt relief options
Credit Associates’ debt settlement program’s ultimate goal is to help you negotiate settlements with your creditors in a less amount than you owe. The firm specializes in credit card debt, business debt, and hospital/medical bills.
Typically, like the rest of the debt settlement firms, Credit Associates does not negotiate auto loans, mortgages, and other secured debts. Additionally, since this debt settlement provider doesn’t mention student loans, it remains unclear whether it can assist you with this loan type.
What about fees?
Luckily, Credit Associates will not ask you for any upfront fees following the law. But who is Credit Associates charging? And how does it request payment? The only time this debt settlement provider will ask for a fee is when its representatives successfully negotiate and come into an agreement with your respective creditors. But as good as it may sound, this performance-based fee strategy is typical to almost the entire debt relief industry.
However, Credit Associates has not yet disclosed the average fees that it usually charges. Additionally, the firm does not disclose the savings that a customer might encounter before and after applying the charges. This is an area of improvement for Credit Associates since, as, among the best debt relief firms, it should be transparent about all these data.
Final word
We hope this piece responds to your concern on what is Credit Associates. Another good thing about this debt relief firm is that it provides free consultation through the phone. Credit Associates also offer phone service to existing customers and are operational six days a week.
The Credit Associates online portal is a platform where clients can track their accounts and progress. Sadly, the company does not feature a chat service or a mobile app. But the company boasts a “B” rating with the BBB and a very high consumer review rating.
