If you have at least $10,000 in unsecured debt, you may be eligible for Accredited Debt Relief’s services. To start the process, call 800-497-1965, or follow these steps to fill out the form online:
- Visit Accredited Debt Relief’s website.
- Click to “Get Started.”
- Enter the current amount of debt you owe.
- Provide your name, phone number, email address and state of residency, then click to get your quote.
- Wait for a debt relief specialist to contact you.
Once you complete your call, you can decide if you want to move forward based on your specialist’s recommendations.
Note that Accredited Debt Relief services residents of 31 states and Washington, D.C. Check its website for an updated list on which state residents can enroll.
What Fees Does Accredited Debt Relief Charge?
Accredited Debt Relief works on a “performance-based” structure, meaning you pay a fee only if the company successfully reduces your monthly payments. This fee ranges from of your total consolidated debt.
For instance, say you have $20,000 in enrolled debt and Accredited Debt Relief successfully consolidates one-quarter of it—meaning $5,000. If the fee is 25%, you could owe up to $5,000 (25% of $20,000).
The company deducts this fee from your dedicated account once you and your creditor(s) have agreed on a new resolution that’s less than what you owe and you’ve made at least one payment toward it. If the company is unable to reduce a specific monthly payment, it’ll remove it from your dedicated account and adjust your fees accordingly.
Will Using Accredited Debt Relief Affect My Credit?
It’s highly likely that your credit score will go down when you start using any debt relief company, including Accredited Debt Relief. That’s because you’re typically advised to stop making payments on your enrolled debts while they’re being negotiated. This can temporarily tank your credit score, send some of your debts into collections and, in extreme cases, result in lawsuits.
But over time, if Accredited Debt Relief is successful in reducing the total amount of debt you owe, your credit score should tick back up as you pay off debts and make on-time payments.
