American Credit Card Solutions
5.0
6.8
Overall Score
Author: Kaitlyn Short
American Credit Card Solutions offers debt settlement services in 17 states. Ideal candidates for American Credit Card Solutions debt settlement services have at least $10,000 in unsecured debt. If you have lower amounts of unsecured debt, you can use the free consultation to see if you qualify for the company’s services.
Top Ranked Companies
The Good
- Follows Federal Trade Commission Rules and Regulations
- Accredited with IAPDA
- 24/7 Access to Account
Follows Federal Trade Commission Rules and Regulations
American Credit Card Solutions follows the standards set by the Federal Trade Commission (FTC) for debt settlement. These guidelines include providing free consultations and charging no upfront fees.
The company’s commitment to these standards demonstrates its dedication to treating clients well.
Accredited with IAPDA
American Credit Card Solutions is accredited with the International Association of Professional Debt Arbitrators (IAPDA), one of the main organizations that sets industry standards for debt relief. We always like to see companies with this accreditation as it shows they are committed to maintaining a standard of ethical behavior in business.
24/7 Access to Account
If you enroll your debt with American Credit Card Solutions, you’ll have full access to your account with your debt settlement savings through the online client portal. The company’s customer service representatives will also contact you with updates on your case.
The Bad
- Cost
- Credit Score Impact
- Limited Availability
Cost
Debt settlement services can be expensive. Debt settlement companies typically charge a set percentage of the total debt you enroll in their program. Fees for debt settlement are regulated by law, so the costs will vary based on your location. Ask questions and be sure you understand how much settlement will cost during the free consultation.
Credit Score Impact
Debt settlement usually has a negative effect on your credit score because clients generally stop making payments on their debts. Have a plan to rebuild your credit score before entering debt settlement.
The debts listed on your credit report will be marked as “settled” once you’ve reached and paid the settlement with creditors.
Limited Availability
American Credit Card Solutions only offers services in 17 states. If its services are not available in your area, you’ll need to consider other debt relief service providers.
The Bottom Line
If you’re interested in debt settlement, American Credit Card Solutions is a good company to consider. Take advantage of the free consultation to ask questions about the process, its costs, and ways to mitigate the risks.
