PCS Debt Relief has a combined experience of 30 years with $50 million in settled debts, offering consumers a variety of services including debt settlement, consumer credit counseling, debt consolidation, credit repair, bankruptcy, loan modification, tax relief, and pre-paid legal. For the purpose of this review our focus will be on the debt settlement services provided by this company.
Potential customers can call PCS Debt Relief Monday through Friday, 9 AM – 5 PM. Because the company is involved in so many different types of debt relief, PCS can find the program that best suits you. During a free consultation, a PCS financial counselor will offer unbiased advice and create a plan for becoming debt free.
- Cost of 15 to 20 percent saved
- Available in all 50 states
- Money back guarantee
Right out of the gate, the first thing to know about PCS is that they only charge 15 to 20 percent of the debt saved with their service, considerably less than most of the competition.
We appreciate that PCS Debt Relief shows us what they can typically save you when working with major creditors. Below is a sample of what they have settled accounts for:
- Bank of America: 25 percent of what was owed
- American Express: 50 percent of what was owed
- Discover: 38 percent of what was owed
- Chase: 28 percent of what was owed
Free Debt Advice
Almost every debt settlement company offers a free consultation over the phone. PCS’s free debt phone call seems to go above and beyond the average advice offered. Included in the free advice is: an overview of your debt relief options (not just debt settlement), a budget analysis, and a debt relief plan tailored to you. All of these services are provided with one debt advisor who will work with you throughout the process.
Available in Every State
In addition, they are available in all 50 states, offering a nationwide service area that is rare in the industry. It is rare to find a debt settlement company that is licensed in every state.
Clients seem to appreciate that they offer free consultations and easy account setup covered by a money back guarantee, showing confidence in their service.
- Lacks the major industry accreditations we look for in a settlement company
- People must have a minimum of $20k debt to enroll (very high for the industry)
- Limited industry experience – only in business since 2010
Limited Industry Experience
PCS hasn’t been in business for as long as most of their competitors. Although they boast 30+ combined years of industry experience amongst their staff, the business itself has only been running since 2010.
No Industry Accreditations
As an additional cause for concern, PCS Debt Relief has no IAPDA or AFCC industry accreditations. Companies that are accredited have to uphold industry standards that produce quality services. A potential customer should consider accreditations when choosing a company to work with. We were unable to tell if the company is 100 percent FTC compliant.
High Debt Requirement to Sign Up
Last, but not least, PCS does require clients to owe at least $20,000 in debt to qualify for their services. This minimum debt requirement is much more than than the industry standard of $7,500. This requirement keeps those who might otherwise qualify from taking advantage of their offerings.
Frequently Asked Questions
How Much Does PCS Debt Relief Cost?
PCS Debt Relief charges a fees between 15 to 20 percent, fees vary based on amount of debt and where you live.
Can I Get a Free Consultation?
Yes. This consultation is called the Debt Relief Strategy Session – it includes a tailored debt relief plan.
What Types of Debt Does PCS Debt Relief Work With?
Unsecured debts, credit cards, and collection accounts.
What Is the Minimum Debt Amount I Can Sign Up With?
The minimum amount of debt you must enroll to work with PCS is $20,000.
About PCS Debt Relief
PCS Debt Relief has a broad offering, as reported on their website. They provide a wide array of services related to debt management and relief. These include: debt settlement (negotiation), consumer credit counseling, debt consolidation, credit repair, bankruptcy, loan modification, tax relief, and pre-paid legal services.
You will pay a fee of 15 to 20 percent of the total debt you enroll
- Free consultation: Yes
- Personal consultant during the settlement: Yes
- AFCC accredited: No
- IAPDA accredited: No
Time in Business
Minimum Debt Requirement