Best Company Guarantee Americor Logo

Americor

star star star star star_half

9.1

Overall Score

error This company may not service all states.
See states serviced
LAST UPDATED: February 27th, 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

We'll Introduce You!

Call our recommended rep over at Americor below.

1-(844) 939-3291
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.
bestcompany guarantee

Best Company guarantees your satisfaction if you choose a company that has earned this distinction. If you're not satisfied after 30 days, simply let us know and we'll give you $200. Yes, it's really that simple.

Learn More About Our Guarantee

Star Rating

info

4.7

star star star star star_half

6,481 Reviews

Review Breakdown

5 grade

77%

4 grade

12%

3 grade

6%

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

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.

1 day 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 days 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 days ago

check_circle

Review Source

star star star star star

Dawn F Queens, NY

While I haven't had the opportunity to see how the company performs over the long term, my initial interactions have been extremely positive. The representative, Jason, was friendly, polite, informative and enthusiastic about the services he was able to provide. He made the process simple and quick, while making me feel confident and comfortable with my decision to utilize Americor's services.

2 days ago

star star star star star

Tim Borgeson Clearwater, MN

Great Experience! Our Consultant, Scottt was fantastic to work with. He was extremely knowledgeable and able to explain the process in detail, answering all questions we had. Which made it so easy. We have never experienced such a seamless process like this one. No hoops to jump through to get the resolution we were looking for. We HIGHLY recommend Scott, Boostify Financial and Americor.

5 days 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.

2 weeks 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

Review Source

star star star star star

Johnny Mulligan

Been with working with Americor for a good while now and trust me I had a lot of dept from my younger years. They have helped me get control of my finances and have helped take care of the dept. The employees are all super nice and very helpful and knowledgeable.

1 day ago

star star star star star

efrain vega New York, NY

I'em very satisfied and happy with the service that Americor has provided to me helping in reducing my debt guiding in the right path to accomplish my goal they have been very nice, decent and kind as well as understanding my situation

2 days ago

check_circle

Review Source

star star star star star

S B

So far so good, just began the process but Tahnee made it so easy, unpressured, and filled with empathy. She listened and laughed with me and at my dad jokes. Everything is laid out so clearly and when everything is finished Americor will potentially save me $63,000 and 28 years of payments! Take a chance, you won't be disappointed!

2 days ago

check_circle

Review Source

star star star star star

anna roepke Boardman, OR

Customer Review Video

4 days ago

check_circle

Review Source

star star star star star

Kathy O'Neal Fredericksburg, VA

Jeremy was fantastic. He talked me through everything and explained the whole process. He gave me his contact information in case I needed any further help and agreed to contact me in a few days to see if I had any new questions.

4 days ago

check_circle

Review Source

star star star star star

Donna St John Miller Place, NY

Jason was very nice and answered all my questions. He walked me through everything step by step. We reviewed my current situation, then we went through what will happen as I pay off my debts. Everyone was very professional, it made signing up easy.

5 days ago

check_circle

Review Source

star star star star star

Hildegard Kent

They were very helpful throughout this whole Process. And i like that they kept in continuous Contac, either by Phone, or E-Mail. There was always good Guidance, & helpful Tips, & it's still continuing. As a matter of fact just Today Americor send me some really good advice/help, that I can use down the Road. I highly recommend Americor.

5 days ago

check_circle

Review Source

star star star star star

Linda Walker Victorville, CA

I did not know how I was going to pay over $50,000. A friend recommended me to Americor and it has changed my life. I am so grateful I am down to around $8,000. I could have never did this on my own. My credit score has increased. Thank you God and thank you Americor.

6 days ago

check_circle

Review Source

star star star star star

Isiah Bullock

I was truly impressed by the work and efforts of my debt consultant Tylan H. He was extremely kind and understanding of my initial frustration during our call. Once I understood that he was truly trying to help me figure out how I can reduce my debt, the amount of relief I felt was thick in the air. Thank you Tylan H, if that's his real name, please show him some appreciation for his work.

1 week ago

star star star star star

Nathan Sutton Lincoln, NE

Roxanne was great! I was nervous to start the process of getting out of debt, and didn't think it would be possible for me. Roxanne explained everything I needed to do to get the ball rolling. Well, its rolling now and I'm on my way! I thought it would take forever to get out of debt, but Roxanne got me set up to be debt free in 48 months or less. It feels good to have a plan and it was easier than I thought. Thanks Roxanne and Americor!!!

1 week ago

check_circle

Review Source

star star star star star

JERRY GILLESPIE Detroit, MI

Americor has helped me to continue to work myself out of a financial situation, I put myself into with my credit. They did everything they promised in the beginning of our relationship. It not easy road to follow but it is working, and I was grateful to make the settlement with you guys with Creidut9. I'm looking forward to completing our work and my $$$ success! Thank you for your consideration. Gerald Gillespie

1 week ago

check_circle

Review Source

star star star star star

Tyler Snead Virginia Beach, VA

I think to have programs that are designed to help people who fell into debt due to life circumstances is awesome! Tyler was knowledgeable and answered all my questions and walked me through the process and this program can get me debt free. This is such a great program when you do your part. I feel like I'll finally be off the hamster wheel of revolving debt.

1 week ago

check_circle

Review Source

star star star star star

Angela Phillips Gastonia, NC

When I first entered into Americor my nerves was on high but as I continue going through the process I felt better and that was with the help of Americor CSR explaining each time I had or have questions and now all my creditors are paid in full and and now I have all smiles and will recommend friends and family to AMERICOR. Thank you guys you ROCK.

1 week ago

star star star star star

Steven

It was Working with Lydia G was an absolute pleasure. Her professionalism and patience truly stood out. Throughout the process, she took the time to thoroughly explain each step and the potential consequences involved. I eagerly anticipate our future collaboration in order to overcome my financial burdens. My ultimate goal is to restore my credit score to an impressive 765, and I firmly believe that this partnership marks a promising beginning.

1 week ago

check_circle

Review Source

star star star star star

Patricia Clark Mission, KS

At first i didn't understand how it worked i feel that in a years time i started out with 15 cards some i have ready paid off completely so i have had credit score dropped down to 300 now it's going back up almost 600 i got Credit 9 to except me and they working with me. It take it take time and patient don't let the creditors bluff You let Americor hand it after to tell them you going threw a hardship don't keep answering let it go to voice mail. The plan works i got served at my door i just fax the papers to them never went to court they handled it I say thank you glad i made this choice. Just follow the plan

3 weeks ago

check_circle

Review Source

star star star star star

Ateire Lombard Fresno, CA

Customer Review Video

3 weeks ago

check_circle

Review Source

star star star star star

Linette Maye Ithaca, NY

I’m really pleased with the woman who set up everything for me. She explained everything step by step so I could understand. I learned so much from her that I didn’t know. I was very grateful for her.

2 days ago

check_circle

Review Source

star star star star star_border

Cecelia Torrance, CA

So far, so good. They stay in touch and are very helpful each time I need to contact them. I just started and have already gotten a settlement response from one of my creditors. It's a good feeling and motivates me to keep going. So stay tuned!

3 days ago

star star star star star

Launee Wolverton

I’m very impressed with the follow through and wonderful information. I feel really excited to get this behind me and know they are with me each step of the way. Top notch company

3 days ago

star star star star star

Tim Lomita, CA

The person that I talked with about my financial situation was very knowledgeable about the program and process. Cedrick was able to answer all of my questions and help me to make the decision that I needed to make.

4 days ago

check_circle

Review Source

star star star star star

Brenda Mater\ Tulia, TX

Heather was awesome, easy to talk to and answered all my questions. If I ever need help again, definitely won't, will call her. She walked me thru everything and very patient with me.

4 days ago

star star star star star

Baraa Barakat

I have been with this company three years and still with them. I have settled 4 accounts and I still have two. I recommend them. They are professional, knowledgeable, easy going and smooth.

5 days ago

star star star star star

Brenda Pastrana Mesa, AZ

I have a good experience with Americor. Since the first contact and I spoke to Kyle he was friendly, knowledgeable and professional. I’m impressed with everybody that spoke. Thank you.

5 days ago

check_circle

Review Source

star star star star star

angela hulitt Mobile, AL

I’m in for the long haul with paying off my debt due to a pending divorce I’m pleased with pending settlements just have to be in a mind frame of waiting hurry up and wait with paid in full

6 days ago

check_circle

Review Source

star star star star star

Art La Cañada Flintridge, CA

I like the fact that they’re very detailed regarding payments and fees associated with the account given. I’m satisfied with the amount of attention that was given and how the process is moving forward.

6 days ago

check_circle

Review Source

star star star star star

Andrew Verardo

All staff members have been welcoming and professional. All questions have been answered to my satisfaction, and their handling of my debts is strategic and communicated well.

1 week ago

check_circle

Review Source

star star star star star_border

Doris

I feel that they listen and answer my questions which makes me reassured. I have no problem with how they encourage and help me to work toward the goal that has been set. I’m always able to get a person to interact with when needed. I am very grateful for their help and support during my hardship.

1 week ago

check_circle

Review Source

star star star star star

Jenesia Girl Cleveland, OH

Trustworthy and they are honest when they state they will work with your credit card companies to settle your debt owed at an affordable rate. Americor allows you to pay off one credit card at a time

1 week ago

star star star star star

Johnny R Los Angeles, CA

Recent interest rates made it really hard to get by. Thank you americor for the help, I feel like I can finally breathe and get a good night of sleep not having to worry about saving enough to buy my babies the formulas they need

1 week ago

check_circle

Review Source

star star star star star

AC Martin NC

Easy to contact and get answers. Have already paid off three cards and have another in the works. I feel very confident and a huge weight has been lifted off of my shoulders. I know someone is working their hardest to help me!

1 week ago

check_circle

Review Source

star star star star star

Robert Ponte Hoffman, NJ

It has been about 4 months now since I enrolled. Everyone and the systems, texting, emailing, etc have been experienced and their systems are easy to follow. I was a little tense at first, but having easily accessible resources has made the process so far easy and painless. A little ways to go looks good so far. thx.

1 week ago

check_circle

Review Source

star star star star star

Rhonda Beckstead Sun City, AZ

Gina was spot on! She was kind, considerate, compassionate, extremely knowledgeable and very helpful. She answered all of my questions and was there for me every step of the way! I highly recommend doing business with company! 😊

1 week ago

check_circle

Review Source

star star star star star_border

Jason Lord Portsmouth, NH

Overall pretty decent company. Only complaint I have is when they send you an offer they show you the percentage deduction of the balance you'll have to pay, but they show you the higher percentage deduction from current balance not at time of enrollment. Usually your creditors have been charging you past due fees and over limit charges reaching up your total balance owed. Other than that they do ask the negotiations for you and you will save tons of money not paying interest anymore

1 week ago Edited February 15, 2024

check_circle

Review Source

star star star star star_border

Howard Powers Tacoma, WA

They gave me piece of mind when i was fielding debt callers and missing payments. Ea situation is different but 8 months in and I have accepted the loan to clear my debts, no settlements remain. Fee structures are mentioned but may surprise some. In the end I think paying them to manage what I couldnt, and leaving me with a better outcome than I could achieve solo is worth fees, interest, and the tension of waiting.

1 week ago

check_circle

Review Source

star star star star star

Carrie Young Portland, OR

Very good customer service. Communicate has always been top notch. I feel that my needs in resolving my credit card debt has been very important to Americor. They strive to resolve these issues in as timely and very effective way. Very happy with Americor

1 week ago

check_circle

Review Source

star star star star star

Simon Topov

Customer Review Video

2 weeks ago Edited February 9, 2024

star star star star star

Emillz Brooklyn, NY

Fantastic service with no smoke and mirrors. Very clear and transparent communication of what the program entails and was given good advice on how to continue to grow my credit score after some extenuating circumstances. Thanks Jay you were a pleasure to talk to I appreciate all of the attention to detail you took with my case. Will definitely be recommending Americor to family and friends in need of lightening their financial loads.

2 weeks ago

check_circle

Review Source

star star star star star

june keeseman Gettysburg, PA

Americor worked with me to figure out how to consolidate my debt, and at a good monthly amount that I could afford. I also was able to speak to the same representative every time I called. That is very nice. I did not have to repeat my situation over and over and over again to someone new. A hardship is hard enough. Not having to repeat repeat repeat. It over and over again was wonderful. Now I'm on my way to being debt free.

2 weeks ago

check_circle

Review Source

star star star star star

Rakesh Thapar Queens, NY

So far it’s going great the staff at Americor is Awesome they started on the settlements within three months which is really fast I’m happy they are helping me get out of debt have saved me a lot of stress. I even saved over $10k on the whole settlement. Americor is the best place consolidate your debt they help through all the major steps to have financial freedom. Thank you again Americor!!!!

2 weeks ago

check_circle

Review Source

star star star star star

Lisa Patterson

I’ve been in the program with Americor since May 2023, so 9 months. They have settled 5 accounts, 2 of those 5 are paid off. I started with over $16,000 in debt, my remaining debt is under $4,800. The part I like most about this is that it’s one small payment a month and I will be done with the program in 4 years. I was offered the credit 9 loan, I chose not to do it because I am on a tight budget and the monthly payment would have been more than I could afford.

3 weeks ago

check_circle

Review Source

star star star star star

Kirstia Lenton Detroit, MI

Customer Review Video

3 weeks ago