Americor Logo

Americor

star star star star star_half

9.2

Overall Score

error This company may not service all states.
See states serviced
LAST UPDATED: March 18th, 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

Tammy Ross Customer Review Video About Americor

Tammy Ross

Jeronimo Herrera Customer Review Video About Americor

Jeronimo Herrera

Ebi Ogbu (Ogbu) Customer Review Video About Americor

Ebi Ogbu (Ogbu)

thumb_up

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.

Visit Site

thumb_down

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.

gavel

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.

Was this content helpful?
thumb_up Yes thumb_down No

not_listed_location

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

info

4.7

star star star star star_half

6,791 Reviews

Review Breakdown

5 grade

78%

4 grade

11%

3 grade

5%

2 grade

2%

1 grade

3%

Sentiment Criteria

Value

star star star star star_half

Quality

star star star star star_half

Service

star star star star star_half

Trustworthiness

star star star star star_half
cancel

Filter by:

arrow_drop_down

Sort by:

arrow_drop_down
info
bookmark

Featured Review

check_circle

Verified Customer

check_circle

Review Source

star star star star star

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.

9 months ago

bookmark

Featured Review

check_circle

Verified Customer

check_circle

Review Source

star star star star star

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.

10 months ago

check_circle

Review Source

star star star star star

Christina Philips Akron, OH

My situation Was tough and the day I got the call it changed my thoughts on filling bankruptcy. Instead of hurting my credit for more then 7 years I will be back on track in less then three years. Americor has helped me in so many ways. I would definitely recommend them. There hospitality and explanation is perfect I wouldn't have changed a thing. Thank you for all you have done for me and my family. Job well done!

3 days ago

check_circle

Review Source

star star star star star

Kevin Jordan St Louis, MO

That's no Bull either. Thus far the people I have spoken have been professional and courteous. The Worlds not perfect a my situation is far from the usual and things may not go off exactly tly as they are scheduled and that is what happened to me. It was unintentional and I knew I would straighten thing out with a little more time because others were involved. And so I did and everything is Cool!

3 days ago

star star star star star

Matt Pacoima, CA

Great customer service. Jade the person that helped me was wonderful and provided me with great service helped me to understand the program completely. They made it very clear what situation I was in and how they would help to get me out of it. It was overall very good experience considering the stressfulness of the situation of being in debt. Compared to other companies I attempted to deal with Jade and Americor were great.

3 days ago

check_circle

Review Source

star star star star star

Kenda Stacy

I am thankful for Americor. After my husband passed, I lost his income. I hadn’t started getting my social security benefits yet. I lived off of my credit cards and it put me in a real bind. I am now debt free and feel like I can start over. Americor paid them off much faster than I could have, so that saved all that interest I was paying. My settlements were ok- but I am thankful for the saved interest.

5 days ago

check_circle

Review Source

star star star star star

Shane Shook

I had four creditors with a total debt of close to 33,000.00. Within 8 months of being with them they resolved all accounts for a little more than $10,000.00 reduced from what I owed. Initially the process is scary for those of us who make timely payments but had to use more credit than what we intended due to the economy and various reasons to then see our credit scores plummeting, after joining, but my advise is to gut it out because it pays off in the end.

5 days ago

check_circle

Review Source

star star star star star

Diane Young Columbus, GA

Representatives were very friendly and willing to answer any questions. Lots of patience!! LOL Everyone was knowledgable about the system. Each were accomodating and did not make me feel like a fool for getting into the situation I am in. They were understanding and provided what felt like genuine support. Despite my need for such help. I look forward to working with your company.

5 days ago

star star star star star

Jorge Gomez

I was in a constant state of stress because of how horrible my financial situation became. Thankfully I received great help and was given a detailed plan on how to recover. I know all my problems will not be resolved right away, but u am confident I can move forward to a better situation. Guy S was an incredible representative. It felt like I was talking to a friend that cared for me and my situation. In a moment of a financial scare, he was very reassuring and made me feel relaxed that my life isn’t truly over. I feel eternally grateful for him and his help.

6 days ago

star star star star star

Peggy Helton Corbin, KY

Americor is providing excellent service for those in debt way over their head. I appreciate their outstanding assistance and will not take it for granted. I plan to do everything I can to work with Americor to get my debts settled. This program is already a great relief and is taking a heavy weight off my shoulders. I am so thankful for Americor!

6 days ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Brenda sue allen Tampa, FL

Customer Review Video

2 weeks ago Edited March 1, 2024

check_circle

Review Source

star star star star star

Sandra Webb GA

Customer Review Video

1 week ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Trystan Wirebaugh North Webster, Indiana

Customer Review Video

1 month ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Starla

She’s very knowledgeable and she took her time to explain to me what was going on it made it so much easier to understand

5 days ago

star star star star star

Martin Palmieri Bloomfield, CT

Glenn was a terrific onboarding representative for Americor. Super helpful and kind, he took the time to explain all my options and spoke to me like a human being. So glad I've found Americor; they've been great from start to finish.

1 day ago

check_circle

Review Source

star star star star star

Ray Neault Thomaston, GA

Though it took a while to settle the first account once it started it was nonstop. But to be honest you have to build up enough in the dedicated account to be able to pay the account off in case that's what the settlement required.

1 day ago

check_circle

Review Source

star star star star star

Sheronda Stigler Westland, MI

I was very skeptical at first, but I really like the professionalism and knowledgeable details that I received in starting this process. It has been such an easy process dealing with my representative and he has been there every step of the way and that has been much appreciated.

2 days ago

check_circle

Review Source

star star star star star

jeanne booth Greenville, SC

After trying to use 3 different companies who did nothing for me but take my money, it has been so refreshing to be taken care of! Americor , has been been amazing and gotten me in a great position to straighten out the mess I had made with my credit!

2 days ago

star star star star star

Rembert Pitts Hattiesburg, MS

Your Sales Rep.Maia M, Wss Amazing, Professional, thorough wonderful help of understanding the program made it simple and complete. I appreciate her loyalty not only to the company but to me as a new client helping us to get set up in your program. Thank you, Maia , We are forever grateful to you and your Company

3 days ago

star star star star star

Mari Guerrero Torrance, CA

Juel C assisted in explaining the process and was very patient with my millions of questions. He laid out my debt and explained the amount of money that needed to be deposited. The call lasted an hour and was painless. Mr. C was an angel in disguised in solving my financial situation.

3 days ago

star star star star star

VERONNA J BELL CA

The friendly, courteous and professional way they handled my situation. They explained the program very well and answered all of questions in a way I could understand. I referred my son and he should be coming on board as well.

3 days ago

check_circle

Review Source

star star star star star

Thomas Skogland

I got my first settlement today I received an offer of 50% from the creditor.I wasn't supposed to negotiate For 3 or 4 months but, Americor is a answer to all my trouble Thanks Americor I'm looking forward to more settlements.

5 days ago

check_circle

Review Source

star star star star star

Susan Burdge Lewistown, PA

Customer Review Video

5 days ago Edited March 13, 2024

check_circle

Review Source

star star star star star

Courtney Newcomb Conshohocken, PA

Belinda was an absolute delight to work with! She put my mind at ease and was able to answer all questions that I had for her about the process. I don't know that I would have gone through with things as quickly as I did if it wasn't for her, and I really felt taken care of

1 week ago

star star star star star

Dr. Gabe Quintero Miami, FL

I called from a place of no hope; Yvette and Americor gave me hope again! Friendly, understanding, efficient, and reassuring - in the middle of powerful challenges, Yvette and Americor were a blessing and, I pray, a partner in helping my family and me through these challenges!

1 week ago

check_circle

Review Source

star star star star star

Jayashree Thakur Dublin, CA

"Americor Debt Consolidation exceeded expectations. With their expertise, they streamlined my debts and saved me $9k. Exceptional service, prompt responses, and genuine care made the process seamless. Grateful for their commitment to financial well-being.

1 week ago

check_circle

Review Source

star star star star star

Indira M Atlanta, GA

I have been so thankful with Americor they are professional team, all the time in communication with me, I had 9 accounts in debt more than 26k today I just paying all my settled accounts in a year I will be free of best. Thank you Americor and Advantage Law!

1 week ago

check_circle

Review Source

star star star star star

Diane Eldora, IA

I liked that at my calls end I felt confident that all my questions were satisfactorily and promptly answered. My representative was very knowledgeable, courteous and easy to speak with. This was my first experience with this type of thing and he made me feel very comfortable while asking all my questions.

1 week ago

check_circle

Review Source

star star star star star

jake bollinger Bellevue, OH

I started this about 5 months ago and they have already taken care of three accounts, one that was a decent size and they cut the original offer close to half on all. Not going to lie at first. I was super hesitant but after being in the program for a bit I realize I should have done this earlier. Always professional and very prompt of any changes from Americor employees or the advantage law firm. All are awesome! Appreciate each and every one of you

1 week ago

star star star star star

Austine Fennema

Michael R was awesome! He was a wealth of information in regards to my credit position, and told it to me straight. Mike was great in finding the right solution for my debt consolidation, clearly explained what the program entailed, and was more than willing to answer any questions I had. I would highly suggest contacting Americor if you are in need of help getting your debt consolidated and paid off!

1 week ago

check_circle

Review Source

star star star star star

Donna Edwards Ormond Beach, FL

Americor has been a wonderful company to work with. Once everything is set up Americor does all of the work. All you have to do is check online or through the mobile app to see if there are any new updates. The portal is a wonderful tool and the community is the best. Everyone is real and they tell all of their experiences while in the program. So if you are doubting the program or your decision there is a lot of positive support not only from Americor but everyone that is going through the program as well. Well done Americor!

1 week ago

check_circle

Review Source

star star star star star

NanaD7755 Riverside, CA

What I like most about this company is that no matter who I speak with in Customer Service, they are always patient, they allow me to finish what I am saying and always respond professionally. Each individual is very knowledgeable about the program, and consistent information is provided. This is across the board; everyone is so helpful. and truly care about their clients becoming debt free. Doing exactly what they say and work the program, be patient and communicate with the team has definitely kept me on track. It's always a pleasure collaborating with my team on this journey.

1 week ago

star star star star star

Phill Pomona, CA

They have helped me so much in the last few months of being in the program! I couldn't be happier. They were able to negotiate new terms for a loan that I had made and was unable to pay. They were able to negotiate them to accept HALF of what I was loaned out for with the same monthly payments I make now! They also offer a loan to completely pay off whatever debt you have to appease the creditors.

1 week ago Edited March 8, 2024

star star star star star

Marilyn Ross Smithtown, NY

Sylvia A was very understanding, pleasant, personable, listened to what happened to me and reassured me that the company had options for me. She patiently went through my finances and explained how things work with the company. She even waited as I took a zoom call and called me back. I feel very comfortable with this company and look forward to doing the work with you. Thank you for your service to help the people and thank you for hiring Sylvia A. It is so refreshing to get good customer service in these days and times.

1 week ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Patsy Glendive, MT

I appreciated very much my original register person. Since then I’ve been a little disappointed. Although we have managed to settle all my debt but for 2. remaining it has been a tumultuous relationship . It’s sometimes hard to get a hold of my spokesperson and they don’t always have answers. Maybe it’s just the process. The bills are being settled which is the desired outcome.

1 month ago

star star star star star

Braden Franklin Lake Worth, FL

I felt the program had a fair resolution to my sudden change in employment. I do not want to default on my debts, but this program does pay the creditors a fair share of the money that I owe them. Their fees might be considered high, but they are lower than the 'default' interest rate of most of the credit cards when I get behind. ALL of my questions were answered honestly and clearly. If there is any way they could deceive me, would be if they do not adhere to their agreement. While on the phone with them I did check with the BBB and they do not have a negative history, which is surprising when it comes to debt settlement. The agent I spoke to was very patient and understanding of my situation. I have not started the program yet, but if it completes as agreed, I believe this was my best option in resolving my loss of employment.

3 weeks ago

star star star star star

Heidi R. San Luis Obispo, CA

Dallas P and Bryon R are so Knowledgeable and were so patient with me in explaining everything and even went through all the steps I needed to take to help me access their Apps and Portal because I am not “Tech Savy” but they made it easy! I have never been treated so respectfully by any business representative as I have been through them! They are both Highly Knowledgeable, service oriented and an asset to American and all who are privileged enough to work with them! I am blessed to have this amazing opportunity to have their Expertise and Americor’s help in Finally digging me out of this financial pit! Thank you so much!

3 weeks ago

check_circle

Review Source

star star star star star

Nadine Jackson North Hollywood, CA

My agent, Heather, has always answered my questions and calmed my nervousness in how working with Americor would impact my credit score. I saw successful results from her negotiations with my creditors were evident within two weeks. I started receiving notices (emails) from my Americor portal to confirm the renegotiated amounts (approximately 50% less than previously owed!) and payment schedules. I was more than amazed at how quickly creditors started coming to terms with Americor. Although I was technically only a day or week late on my original payment due date and amount to a creditor, they were calling, texting, and emailing me for payment. One creditor even called me at work and left a ‘personal issue’ message with the receptionist for me to call back. Needless to say I was embarrassed. Americor immediately stepped in and instructed me on how to respond to this illegal activity and the harassing phone calls to my work stopped. Thank you again! :-)

3 weeks ago

star star star star star

Dwane Hankins Ocala, FL

amazing company they did everything they said they would do. They got me to the title line loan now all my data is paid off. I will have one payment to them and then I will be debt-free before you know it.

17 hours ago

check_circle

Review Source

star star star star star

Aimee Falk Mount Pleasant, PA

Have Not going through the program yet, but I can tell you as soon as I talked to them to get signed up. I felt so comfortable felt like I'm going to be out of debt in no time. Great company, so far. Very happy 5 stars....

2 days ago

check_circle

Review Source

star star star star star

raquel winter Charleston, SC

They understand that when you are trying to get back on your feet you might need the same information more than once. They work with you if re- scheduling a payment is needed and they have a great customer service team.

3 days ago

check_circle

Review Source

star star star star star

Amanda Hovey Houston, TX

They are very friendly. They answer your question right away. They didn't make me feel ashamed about my debt. Everything was easily accessible on the App, I can see my progress. So far I am very pleased.

4 days ago

check_circle

Review Source

star star star star star

Anthony Jacques West Columbia, SC

Explained most of the process in understandable terms and was quick to respond if i forgot or didnt completely grasp the process. So far they have settled a few accts ,very happy with customer service

5 days ago

check_circle

Review Source

star star star star star

Tiawanna Glover Lithia Springs, GA

Zach, the representative, who assisted me in signing up was very pleasant to work with. He was extremely patient with me and was available to help me when I was ready to start my Americor journey to becoming debt free.

6 days ago

star star star star star

Lucy Gillens

I am very pleased with Americor. They have been working diligently to reach settlements on six of my nine accounts and are in negotiations for two others at this time. It is projected that I will be debt free by 2026.

1 week ago Edited March 15, 2024

star star star star star

Stacie Redden Cottonwood, AZ

I appreciate the fact that they talked me through every step of this process and took my fear away. They gave me my alternatives for future, how it’s going to benefit me, and just made me feel safe and general, and the gentleman who helped me was amazing and patient.

1 week ago

check_circle

Review Source

star star star star star

Shannon Hilsgen

Making the call was difficult. Like admitting defeat. I was struggling to keep afloat after the loss of my son, I made some poor financial decisions that I never thought I couldn't handle. The gal I spoke with instantly made me feel less stressed. She walked me through my fears with ease.

1 week ago

check_circle

Review Source

star star star star star

Robert Yetman Las Vegas, NV

So far so good , its working of the 8 or so creditors i was having big problems with 5 have already been resolved , 3 to go ! Yes my credit is devastated but now its managable and i will rebuild now that i have a chance . No bankrupcy creditors have made deals and i am paying my debts as i should , i made them . Americor has been a blessing .

1 week ago

star star star star star

Mike LaFata Sorento, IL

They went through the on boarding process well and I really like them taking the time to explain everything to me. I hope it’s going to be a process that works out great for me and my wife and appreciate all that they’re doing.

1 week ago

check_circle

Review Source

star star star star star

ehawkins5 Houston, TX

I was very on edge about the idea of using a debt consolidation company, but after joining Americore, my stress levels immediately dropped. Lower payments that actually go TOWARDS your debt, and not the APR. Best decision I ever made.

1 week ago