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Americor

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9.2

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LAST UPDATED: April 26th, 2024

Americor is a debt relief company based in Irvine, California. The company has relieved more than $2 billion of debt. Its more than 400 employees provide debt settlement services to borrowers with at least $3,500 of debt. 

Americor offers a debt settlement program in which clients submit their information, consult with the company, and apply for a program. Then, the company assigns you a negotiator who works to settle your debts with your creditor or creditors, typically for 55 to 65 percent of the original enrolled balance.

Like most debt relief companies, Americor works with unsecured debt such as credit card debt or sometimes personal loan debt. If you have significant secured debt, such as mortgage or car loan debt, a debt relief company is probably not going to be able to help you.

Read on for more features about the company, or scroll to the bottom to find verified Americor reviews.

Video Customer Reviews

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The Good

  • Comprehensive Debt Services
  • Simple Process
  • No Upfront Fees
  • Accreditations
  • Americor Reviews

Comprehensive Debt Services

Americor’s debt relief program helps with common creditors, banks, and delinquencies including, but not limited to, credit card debt, payday loans, medical debt, private student loans, lines of credit (LOCs), and personal business debts.

While the services outlined above are typically offered by most debt relief companies, Americor sets itself apart by also offering debt relief programs for auto repossessions, mortgage debt, tax debt, and cellular debt.

Simple Process

Americor offers a simple path to debt relief. You submit how much debt you have and the company provides you with available debt relief options.

Then, the company helps you apply for the right debt relief plan, and if accepted, you are enrolled and assigned a negotiator that will work to settle your debts with your creditors. Typically, negotiators are able to settle for 50–60 percent of the original balance.

After you have completed the program, you work to pay off your remaining, lower debts, and ultimately achieve a debt-free life.

No Upfront Fees

Like many other reputable debt settlement companies, Americor doesn’t charge customers for its services until after it has settled their debt. This is a feature you should always look for in a debt relief company, and you shouldn't trust a company that does not offer a free consultation.

Accreditations

Americor has been certified by the American Fair Credit Council, the International Association of Professional Debt Arbitrators, and the Receivables Management Association.

The American Fair Credit Council is a consumer advocate group and the leading debt settlement company association. Certification by the American Fair Credit Council signifies adherence to a strict code of conduct, regulatory guidelines, and industry best practices. Additionally, all American Fair Credit Council members agree to not charge customers until after successfully negotiating their debt. 

The International Association of Professional Debt Arbitrators’ certification communicates that a debt settlement company is committed to a high level of training and certification. 

Companies that are certified by the Receivables Management Association must pass the association’s background check and adhere to industry best practices.

Americor Reviews

On BestCompany.com, 85 percent of Americor reviews are 4 or 5 stars. Satisfied customers frequently highlight the following about their experience with the company:

  • Stress-free process
  • Ease of tracking progress through email notifications and the Americor app
  • Courteous and knowledgeable company representatives — many customers remark how the reps they worked with helped them feel calm and comfortable, in addition to answering their questions and concerns.

It is worth noting that Americor has a near perfect score among clients in the service category. This bodes well for those considering working with the company. One Americor review mentions that the company is "always there" and calling back. General consensus among Americor reviews is that the company excels in customer service.

However, some customers mention receiving notifications from creditors and bill collectors after starting service with Americor, which can cause stress or concern. However, results of debt relief service aren’t typically immediate, and receiving such notifications are not necessarily an indication that your service isn’t working.

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The Bad

  • Limited Services

Limited Services

While some debt relief companies offer multiple kinds of services, Americor appears to offer only debt settlement services, and not debt consolidation or credit counseling. This limits what the company can do for you but could also mean that Americor is more specialized in debt settlement than other companies that try to handle a variety of financial issues under one roof.

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The Bottom Line

Americor offers debt settlement services in 34 states from its headquarters in Irvine, California. 

The debt relief company has numerous certifications, which speak to the company’s commitment to ongoing training, adherence to industry best practices, and compliance with regulatory guidelines. For example, Americor’s certification through the American Fair Credit Council means the company does not charge for its services in advance. Thus, Americor customers can rest assured that they won’t be charged unless and until the company successfully settles their debt.

Americor primarily offers debt settlement services. However, additional services, such as debt consolidation or credit counseling, are available to those who have been enrolled in a debt relief program for some time.

To learn more about specific programs and pricing, it is best to contact Americor directly to find out whether the company is a good fit for you and your financial needs.

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Americor Frequently Asked Questions

Will I owe taxes on the amount of debt that is forgiven through a successful negotiation?

Some creditors may issue a 1099c for the amount of debt forgiven over $600. If this occurs, you may be able to file form 982 with your income tax return to offset any tax liability. To learn more about the impact of cancelled debt and how to offset potential tax liability, read publication 4681 on the IRS website.

Will I be able to enroll all of my debts in Americor's program?

No. The program focuses on unsecured debt like credit cards, medical bills, and personal loans. Loans that are secured by collateral such as your home or an automobile do not qualify for our program.

Can I negotiate my own debts?

The short answer is yes. It is possible for you to contact your creditors directly and negotiate your own debts. However, Americor negotiators have years of experience and direct relationships with creditors and collection agencies. Unless you are a skilled negotiator and extremely knowledgeable about the credit and collection industry, you may not be able to negotiate agreements as favorable as the ones Americor negotiators may reach on your behalf.

Who is holding the funds I save each month?


By law, all debt resolution providers are required to use an independent third-party payment processor to hold consumer funds while the consumer is enrolled in a debt resolution program. After enrolling in Americor's debt resolution program, the company will assist you in setting up a savings account with a licensed, third-party payment processor who will hold your savings funds and distribute all negotiated payments to your creditors in a timely manner. You are the owner of this account and you control all of the funds deposited and debited from the account.

Does a debt resolution program help repair my credit once I have completed the program?

No. Americor is not a credit repair company, and it does not offer credit repair services. However, negative items remain on your credit report for up to 84 months (7 years), so the sooner you are able to resolve your debts, the sooner you will be able to rebuild your credit with new credit accounts and timely payments.

Does a debt resolution program affect my credit score?

If you do not make timely minimum payments each month, or if you allow your credit cards to go into a charge-off status after six months of no payment, your credit score will be negatively impacted. This is true whether you enroll in a debt resolution program or not. The sooner you are able to resolve your delinquent accounts or negotiate a repayment plan for less than you owe, the sooner negative items will begin to not be factored into your credit score and the sooner you will be able to begin to rebuild your credit.

How long does it take to complete a debt resolution program?

While each person’s situation is unique, and it is dependent on how much debt you enroll and how fast you can save, Americor clients are typically able to complete a debt resolution program in 24 to 48 months.

How long does it take before I typically see results?

Clients typically see their first account resolved in four to seven months.

Can Americor guarantee all of my debts will be successfully negotiated through its program?

Americor will not enroll a creditor that the company has not successfully negotiated with. Part of the enrollment process is to determine which of your creditors Americor can and can not enroll. Americor has been successful negotiating debts by most all credit card companies since 2009.

How are fees charged and paid in a debt resolution program?

Americor never charges a fee until it is able to successfully resolve one of your accounts. When the company receives an offer from one of your creditors, it will submit a written agreement to you for your review and approval. Americor's fees are then paid on a prorated basis once the settlement payment is made.

Star Rating

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4.8

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7,532 Reviews

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5 grade

79%

4 grade

11%

3 grade

5%

2 grade

2%

1 grade

3%

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Featured Review

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Pete Waterville, NY

I am personally very happy with the service that Americor has given me. I started with Americor in September 2022 with 8 accounts and by the middle of April they had successfully settled 5 of my 8 accounts and are still negotiating the other 3 accounts. I have been approved for the Credit9 loan but at this time I am waiting for another 4 - 6 months before deciding whether to accept the loan or not. I would heartily recommend Americor to anyone that is having trouble paying down on their credit accounts.

11 months ago

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Clairun Thealwy Kailua-Kona, HI

I am super grateful for Americor, they've cut my debt by half and I have more money on hand every month because of it. Timothy B was really helpful in arranging my monthly debt payoff and pulling up all of my accounts. He gave me the best option for my current situation. I already have settled with three of my accounts and have only been a client for 5 months. I am super elated for the service that I receive through Americor. I can't recommend them enough for individuals who have acquired similar conditions as I have, like having to pay too much interest on their debt which has made it difficult to pay off their creditors.

1 year ago

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Gerald Judd NA

Customer Review Video

1 week ago

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Lisa wallace

I want to thank William G. for doing everything possible to help my family get out of debt. He spent quite a bit of time going through all possible options to help get us out of debt. I couldn’t be more relieved and thankful for everything he did. I called back with a question and had to speak with a different department and the girl was also so nice and helpful. They must be happy employees because everyone I have talked to seemed to be very happy and just as excited and relieved I was getting out of debt as I was! I don’t know if he will ever see this but, Thank you William! You really helped our situation.

1 week ago

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Terry Roberts

I like Americor in his they made you feel and sure things will be taken care of. They explained everything perfectly including what to do when you got collection letters and was so impressed with the client portal that you could review what’s going on. I’m so impressed with this company and recommend this to all my friends who has credit card issues! THEY ARE AWEDOME!

1 day ago

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Stacy Davis

I have been dealing with debt and so much stress from not being able to make payments each month. Reaching out to Americor was one of the best decisions I have ever made! Six months in and I have accumulated enough in my bank, as well not suffering each month to make payments, to get my first settlement at 53%. I am VERY happy - trust the process! Looking forward to staying the course and getting my last two settlements.

2 days ago

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Marsha Breitling

Americor has been very helpful is calming my nerves regarding the process of working with my creditors. I have never had a bad credit rating and the process can be very anxiety producing. Someone has been there so far along the way to answer my questions in a reasonable time factor. Always offering more contact if needed. One creditor settlement has been accomplished. Greatly appreciated.

2 days ago

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Patricia Salgado

While hesitant as I'd had a bad experience with another agency in the past, the rep for Americor explained how they could help me in less time than on my own. I was sent NY plan in writing so I could see how I would progress. In less than half the six months I was to see that progress, one of my debtors made an offer that was great for me to settlle.. it was a big relief.

2 days ago

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susanne ferguson

Mr Miles H ,was very very good with me and guided me every step of the way,I was very scared and nervous in the beginning but after talking with him with his guidance and being Patient with me I had the upmost Confidence in it all.i never had that kind of experience with anyone in anything,he took the time to here me and listened to me.thanks for the beautiful amazing experience.

3 days ago

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J Williams

Vanessa M. Is DEFINITELY an irreplaceable asset to the Americor corporation. She is knowledgeable & genuine with her concern for the client's ability to comprehend debt relief. She's extremely passionate & was willing to answer ALL of my questions & explained step by step the process, what to expect & was completely upfront & transparent about how the program works. I trusted her & she made me feel comfortable with my decision to get my financial situation back on track. I would definitely recommend AMERICOR!

3 days ago

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Sarah Anderson

Americor is awesome and very professional! Everyone that I spoke to was very nice and patient! Brandon D. is mostly who I dealt with and he is the best! He made me feel very comfortable! He still calls me from time to time to check on me! He's amazing! Americor might not give you a loan but they will help you grt.out of debt! Don't freak out if they don't hand you over money. Just listen because what they have to offer is worth it! Very helpful company! Thank you Americor and keep on rocking Brandon! You should get a raise!

1 week ago

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David Derring

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1 week ago

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David Alcindor

I had been struggling with multiple debts and high interest rates for years, feeling like I was drowning in financial stress. That's when I decided to turn to Americor, and it was truly a life-changing decision. From the very beginning, the team at Americor, was incredibly understanding and supportive. They took the time to listen to my concerns and thoroughly assess my financial situation. After carefully reviewing my debts, they presented me with a customized consolidation plan that fit my needs and budget perfectly. Working with Americor, was seamless and hassle-free. They handled all the negotiations with my creditors on my behalf, allowing me to focus on rebuilding my financial stability. Thanks to their expertise and professionalism, I was able to consolidate my debts into a single, manageable monthly payment with a much lower interest rate. The relief I felt knowing that I was on the path to financial freedom was immeasurable. With Americor's help, I could finally see a light at the end of the tunnel. They not only helped me get out of debt but also provided valuable financial education and support to ensure I stay on track in the future. I cannot recommend Americor enough to anyone struggling with overwhelming debt. Their compassionate approach, personalized solutions, and dedication to client success make them the go-to choice for anyone looking to regain control of their finances.

1 week ago

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Claudia McTaggart

Hello America! I'm a primary school teacher who got caught up in bureaucracy when I moved from Florida to Hawaii to teach. I was told that Florida's teacher's license had full reciprocity with the state of Hawaii, which was not the case. My life was destroyed as well as my perfect credit score. I work as a substitute teacher to make ends meet. I never received the Hawaiian teacher's license and now looking to return to Florida. I did not miss a payment and was always on time with my bank of 25 years, Americore rescued me and I'm very grateful for their assistance. Life can sometimes throw you a screwball, but it's companies like Americore that help when there is no one to turn to. Thank you Americore! Best!

1 week ago

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Teresa Carrigan

I have only been with Americor for short period of time. However, they have done a tremendous job and are very organized. They have already negotiated with one of my vendors. It is a relief to have somebody have my back.Terri

2 days ago

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Denise Harrell

Very professional staff that explain the program very well to me I start in the end of January and I'm now have had my first settlement but it looked like a good deal so I approved it I don't know if I should have called and talked to somebody but it was exactly what we had laid out in the negotiation plan so thanks for helping me appreciate it

2 days ago

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Claudia Leyva

One of my accounts finally got settled. I’m so thankful. This process is so stressful but everyone I talk to is so supportive and helpful. They answered all my questions and continued to put me at ease about the decision I made and the process of it all. Thank you to the team.

2 days ago

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Eugenah Fieffe

A big congratulations to all Americor members. honestly At first I was really freaked out. Because I knew nothing about this great company, but after 6 months of experience with them I noticed it is a blessing for all those who find themselves in a financial situation like me……without forgetting all the agents are kind and comprehensive .

2 days ago

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Freddy Elmore

I just got through making two of my eight settlements on my account. I am not truly satisfied with the settlement I received but is a lot better than I could have done by myself. Thank you Americor. Keep up the good work!!!

2 days ago

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Loran Butler

So far, so excellent! Things have been swell from the first call. Communication has been great. I believe, if you do what's been asked of you, then anyone should have success with this company. I expect continued excellence!!

2 days ago

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Annette Valenzuela Fuson

I have had nothing but positive experiences with everyone that I have spoken to thus far. It helps stress and embarrassment that I am already going through, to have someone on the other end of the phone being respectful to my needs!

3 days ago

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Paul Premazon

I appreciate the opportunity I have to to clear debt yet when I expected it to all be cleared through Credit9 I was denied after being told I was approved. I have stayed with Americor due to their showing me that they are putting my accounts into settlement yet I am unsure on the timeliness of this process. My credit score took a plunge began the program yet it is slowly coming back back up.

3 days ago

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Karen

My initial contact was with Alison C. and she was extremely understanding, knowledgeable and very helpful. She walked me through the program step by step and was a very genuine person. Thank you for all your help and time you took with me.

3 days ago

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David Mendez

Americor dose help with credit card debt and other loans been 10 months for me and have 3 credit cards paid off and personal loan in progress. Just takes time got to have patience. Still have 2 other cards to pay off and some times I add more money to my dedicated account

3 days ago

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Erika Washington

Americor has helped me tremendously. Although it was a struggle at first, they did not lie to me about what was to come. I like the fact that they partner with Credit 9, and after being in the program for 6 mom you have the option to switch over . I can’t thank them enough .

4 days ago

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Maygene Jimenez

Everyone at Americor has been very helpful in working with me. They are very informative and available at anytime I have had questions. They have reached out to me to update me on different offers that are available to close anaccount.i have appreciated everything they are doing to get my credit back on track.

5 days ago

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Rita Ackley

I'm new in this and already seeing positive results. They have addressed my concerns and made me feel better. I've not done this before, so I have panicked. They have lead me in the right direction and have calmed my nerves.

6 days ago

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Debra Schilling

Americor explained everything to me and my advisor was so nice and did not show any judgement on my ridiculous amount of credit card debt. They figured everything for me and all I have to do is make sure my payments are in my account on time and just sit back and watch my debt disappear. Thank you Americor.

1 week ago

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Dennis Radzik

I spoke with Enrollment Specialist Shelley for a scheduled consult call. Together we discussed important information about the program, and she checked to see how I was doing. At the end of the call, she gave me time to ask questions and bring up any concerns. It's easy to see that I am important to Americor. Great customer service.

1 week ago

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Angela Smirniotis

Americor is there for me all the way. I was sued by one of the creditors but they stepped in, settled and more importantly settled for much less than what the creditor was asking for. Thank you so much -- you are truly a lifesaver. Highly recommend if you are going through tough times.

1 week ago

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Jessica Jacobs

I appreciated the follow up on my decision to pursue and explanation given about the program details. When asked for clarification during the enrollment process, the consultant, Alex, was able to explain and provide factual statistics on various scenarios and discussed a solution on how to address. Feeling financially burdened is scary enough; this process did help to provide a bit of relief and solidify a plan out of financial burden, forward. My company trustworthiness scale may change/increase once negotiations are finalized.

1 week ago

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Raven Lang

I have been enrolled with Americor for a year and a half. I was skeptical at first but, they are legit helping people become dept free. Customer service is very professional and helpful. I love the no guilt feel regarding my horrible spending habits when speaking with them. No scam no tricks, just make sure you ask all the questions you need if you are not sure of something. I would definitely recommend their program to anyone.

1 week ago

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Melissa Taylor Hopewell, VA

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1 month ago Edited March 22, 2024

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Brenda sue allen Tampa, FL

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1 month ago Edited March 1, 2024

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Russ

During one of the most challenging periods in my life, I found myself drowning in debt and feeling helpless with no one to turn to. It was then that I discovered Americor, and I can honestly say that they were a true life saver for me. Their team of experts not only helped me get out of debt but also guided me towards financial stability and peace of mind. Their personalized approach and commitment to my well-being made all the difference. Today, I am grateful for their invaluable help during those difficult moments, and I highly recommend Americor to anyone else who may be struggling with debt.

2 weeks ago

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Joi

Guy patiently and thoroughly explained how the debt relief program worked; the differences between it and a debt consolidation loan; and the advantages, taking into account my specific circumstances. He was a very good listener, answering all of my questions and taking me step-by-step, clarifying any points as I requested. He was professional, friendly, positive, and encouraging. I felt like I was put back into the "driver's seat" taking the courage to repair my financial situation in a way that was most beneficial. With Americor doing all the heavy lifting (negotiating on my behalf), I am expecting to see this debt PAID IN FULL a lot sooner than I would have if I continued trying to pay it off without their assistance. Thank you, Americor!

2 weeks ago

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Cheryl Dickens

Absolutely wonderful customer skills. To them it is not strictly a job but they actually care and are as thorough in their explanations. EXTREMELY patient. Great teamwork so you have to consider the whole business was that efficient...it was not singled out to one person only. By the time I was done, my spirit was elevated. It was difficult in that my landline batteries kept going dead but they were patient and persevered. Would be happy to spread the good news to others who also might need this level of professional help. Too often, people are swept out the door quickly but they listened, answered .

3 weeks ago

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Rebecca Smith

I just did my initial sign up with Americor and felt very comfortable with the process. Gary J. took his time explaining everything and never made me feel pressured. I am excited to start my journey of becoming debt free.

2 days ago

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Farida Paris

I like the Americor calls me to inform me of changes, when I'm not looking in my portal every day. The information is time sensitive, and they make sure that I'm not missing out on deals!!

3 days ago

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Mary Curtis

This was a stress free experience. Austin made me comfortable and I did not feel judged for my bad decisions/choices in the past. Thankful that I made an appointment and then answered the phone when Austin called.

3 days ago

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Ethel Pinzon

I was very satisfied with the support of the team. I felt at “peace” after the completion of the whole process. The consultants were very helpful and encouraging. More power to you👍👍👍

3 days ago

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Dennis Hylton

Their commitment to communicate and being transparent and to keep clients informed on the progress of their program helps to make the process easily understandable. It allows for seeing a happier ending.

3 days ago

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Warner Mason Jr.

Today was wonder with an update with Americor , all was nice and all questions was well placed and replies was nice. I have no complaints and hopeful that the next time will be as wonderful as today. THANK YOU.

3 days ago

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Roy Saenz

I’m just getting started with Americor and so far they are on top of the entire plan. There web page is very easy to maneuver around with a monthly declining amount payment.

4 days ago

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John Dunn

Americor is straight forward with explanations of services and follows through quickly. I have seen results in as little as 3 weeks and I am very impressed with this company and their representation of me.

4 days ago

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Ruth V Rivera

Thoroughness is very important to me and Americor representatives were all extremely helpful. I am excited to begin this journey and look forward to being debt free in a relatively short space of time. Thank you.

6 days ago

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Wayne Hinshaw

I learned a lot about credit card companies that I did not know before. Everything was explained to me through the whole process. James was a big and very knowledgeable about everything.

6 days ago

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Brittney henson

The representatives that I spoke with were very knowledgeable and helpful in regard to my account setup and concerns that I had, they were able to answer all of my questions and their rates were very manageable compared to what I already pay on a couple of my accounts that were included in my account.

1 week ago

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J Mac (Firewater)

They were polite, professional and knowledgeable in helping me clear my debt and kept my monthly payments at a more than reasonable amount. They didn't contact you unless it was necessary and did not bog down my email with unnecessary mail.

1 week ago

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Leland Parker

I had a previous credit company and they had my account for two years. They allowed multiple accounts to be sold. I have Ben with Americor for less than a month and already have one settlement offer. I love the customer service! From the very start I have been informed and included in all decisions and details.

1 week ago