Debtmerica Relief specializes in settling unsecured debt and has been in the industry for over a decade. The company has programs aiming to resolve debt within 24 to 48 months, and try to settle the first account in just 4 to 6 months. According to Debtmerica Relief’s website, clients will get a 50 percent reduction on their enrolled debt without fees if they make their monthly payments. They will experience a 29 percent reduction after fees.

Rank Chart
Fee
Debt Requirement
Our Score
#1
15-25%
$7,500
9.4
#2
15-25%
$7.5k
9.3
#3
15-25%
$7.5k
8.9
#12
Debtmerica Relief Reviews | Bestcompany.com
20-24%
$10k
5.4

The Good

  • Offers a free consultation
  • Transparency
  • Industry accreditations
  • Offers a money back guarantee

Free Consultation

Debtmerica Relief encourages potential customers to set up a free debt consultation for a quote. The company advertises a low monthly payment price. These two practices are standard in the debt settlement industry.

Transparent

Debtmerica Relief lays out all fee information, as well as legal facts on litigation and bankruptcy. We like that the company provides essential information you need to know when choosing a debt settlement program. They are direct and honest about answering questions.

Accredited

Debtmerica Relief is IAPDA, and AFCC accredited, which is important because it shows that the company is committed to the industry by employing best practices. The website does not indicate if the company is 100 percent FTC compliant.

The Bad

  • Higher minimum debt requirement
  • Unknown state availability
  • High total price

Minimum Debt Requirement

The company has a higher than average minimum debt requirement of $10,000. This factor alone may disqualify those who are interested but are looking to settle a much smaller amount of unsecured debt.

State Eligibility

Debtmerica does not share what states they provide services to on their website. A potential client would need to call in and talk to a representative before knowing if their state is eligible.

High Fees

Fees with Debtmerica Relief are slightly higher than average. Those who choose this company should expect to pay 20 to 24 percent of their total debt enrolled. The lower the debt amount, the higher the rate. For example, for a $20,000 settlement, you are charged 24 percent ($4,800). For a $30,000 settlement, you are charged 23 percent. ($6,900).

Compare to the top rated debt settlement companies

The Bottom Line

Debtmerica Relief is IAPDA and AFCC accredited. We love that this company is more transparent than most, and freely provides information on its fees. However, you could find lower fees with other debt settlement programs, and the company is not transparent about which states it offers services to. We recommend looking into one of the top debt settlement companies to find one with lower fees that provides services in your state.

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Frequently Asked Questions

How Much Does Debtmerica Relief Cost?

The customer is generally charged 20 to 24 percent of the negotiated settlement, depending on the amount. The lower the settlement amount, the higher the rate. For example, a settlement of $20,000 would be charged a 24 percent rate, or $4,800; a settlement of $30,000 would be charged 23 percent, or $6,900.

Can I Get a Free Consultation?

Yes. There is a free quote module on the website available to users who enter their information. When you call the toll free number, you will be connected to a representative who is both an advisor and a debt negotiator.

What Types of Debt Does Debtmerica Relief Work With?

Debtmerica only works with unsecured debt.

What Is the Minimum Debt Amount I Can Sign Up With?

To enroll with Debtmerica’s services, you must have at least $10,000 in unsecured debt.

More Information

About Debtmerica Relief

Debtmerica Releif was founded over 12 years ago by students attending the Wharton Business School at the University of Pennsylvania. The company’s mission is to “eliminate your financial strain so that you may get back on the right track to true financial freedom and personal fulfillment.” Debtmerica works to lower your unsecured debt balances by providing a low monthly payment program. The company is an accredited member of the Association of Settlement Companies and is certified by the International Association of Professional Debt Arbitrators.

Price

20 to 24 percent of the debt you enroll

Account Set-Up

  • Free consultation: Yes
  • Personal consultant during the settlement: Undisclosed

Accreditations

  • AFCC accredited: Yes
  • IAPDA accredited: Yes

Time in Business

2006

Minimum Debt Requirement

$10,000

States Available

Undisclosed

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