First Choice Debt Relief started in 2008 and is headquartered in Orange, California. The financial service organization offers a variety of services, including debt consolidation services, a debt consolidation loan, debt settlement, bankruptcy services, and credit counseling. First Choice Debt Relief complies with FTC regulations and claims to act in the client's best interest above anything else.
First Choice Debt Relief claims to be able to reduce credit card debt through its debt consolidation program in as little as 12 to 48 months. Through its debt consolidation program, customers can enjoy one low monthly payment and no upfront fees.
The debt settlement program can be completed in 24 to 48 months, and customers work one-on-one with an account manager throughout the process. With debt settlement, customers can settle unsecured loans, credit card debt, collections, medical bills, and more.
The settlement program can act as a fast way to resolve debt and stay clear of bankruptcy. The company claims that its debt settlement program can provide customers with lower payments than their current monthly minimum payments.
First Choice Debt Relief also caters to Spanish speakers.
The company is AFCC and IAPDA accredited.
First Choice Debt Relief has been in the industry since 2008. The company boasts serving over 2,000 clients across the country, and it has negotiated with 89 different banks. First Choice Debt Relief claims to have resolved $30,000,000 in credit card debt.
First Choice Debt Relief customers can enjoy a debt calculator that helps them understand how long it will take to pay off their credit card debt. One can see the difference in the totals from choosing to just pay the minimum payments, or using one of the debt relief programs.
Customers can input their total unsecured debt, targeted months to pay the debt off, number of creditors, and average interest rate to discover the total cost and total time to pay off the debt. Totals can be seen for the following: First Choice Debt Relief consolidation, just paying the minimum payments, credit counseling, and other consolidations loans.
Though prices are not explained in depth, customers who have made all of the payments for the program saved an average of 50 percent before fees, and 25 to 35 percent with First Choice Debt Relief fees. These savings are pretty average for the industry. Costs vary from state to state. Those who complete the program can possibly settle their debt for 40 to 60 percent of what is owed.
The company's services are backed by a money-back guarantee. First Choice Debt Relief stands behind its services and includes a service fee money-back guarantee with all of its debt relief programs.
At the end of the program, if one has paid back the total amount to their creditors (including the service fee), and the total exceeds the original balance, First Choice Debt Relief will refund the difference. However, it is important to note that the guarantee doesn't apply to customers enrolled in an attorney-based debt settlement program.
Additionally, the money-back guarantee does not promise balances will be lessened by a specific balance or timeline.
First Choice Debt Relief doesn't charge any fees for its debt relief program until after the customer's debt has been resolved.
The company does not do anything to help its customers if legal action is filed against them. Since First Choice Debt Relief is not a team of attorneys, it does not provide legal assistance; the company will, however, negotiate accounts with creditors, collection agencies and collecting attorneys.
The company's website states that First Choice's debt relief services are not available in all states.
First Choice's website lacks a lot of key information.
It does not elaborate on necessary information on fees. While the company does not charge upfront fees, it is unclear whether or not First Choice Debt Relief charges late or cancellation fees. The company also does not explain the specifics of its monthly fee.
Additionally, the website does not clarify whether the company has a minimum debt requirement. While there are debt settlement examples and testimonials on their website, there are no examples or testimonies of First Choice's debt consolidation loan on third-party sites.