Pacific Debt Relief offers consumers several ways to manage high debt. The company has cut clients’ debt in half, has had some of it resolved, or created more manageable payment plans. The company claims that its clients can get out of debt 5 times faster, which means less interest accumulation. The company has an A+ rating from the Better Business Bureau and has been in business for over 20 years.
What is Pacific Debt Relief?
Pacific Debt Relief is a company that offers debt relief services. The company caters to consumers with significant debt and few ways to make current payments. Some consumers get a portion of their debt resolved, and the remaining balance turns into a more reasonable debt consolidation loan. You can see how a debt consolidation loan can impact your monthly payments with Pacific Debt Relief’s debt calculator. You can input several numbers to see how changes to the principal, interest rate, monthly payments, and term impact your finances. Pacific Debt Relief will negotiate with your creditors on your behalf to create scenarios like the ones described.
What Types of Debt Can Pacific Debt Relief Help With?
Pacific Debt Relief can help with several types of debt, such as loans and credit card debt. If your debt has gone to a debt collection agency or is on the verge of doing so, Pacific Debt Relief can help. The company assists with credit counseling, filing bankruptcy, debt consolidation loans, minimum monthly payments, and debt settlement. The company can help you before a fallout begins and guide you on the path to the best-case scenario if you are receiving calls from a debt collector.
Pacific Debt Relief’s 3-Step Program: How It Works
Pacific Debt Relief uses a three-step program to attract clients and guide them through the process of debt relief.
1. Free, No Obligation Debt Consultation
Pacific Deal Relief offers a free, no-obligation debt consultation to all of its prospects. A professional will request information about your debt and what goals you seek. The professional will give advice along the way and share how Pacific Debt Relief can help. You don’t have to pay for the call, and you are not obligated to work with Pacific Debt Relief. However, some people become clients after this call and proceed to the next step of the process.
2. They Negotiate Your Debt Down
At this point, Pacific Debt Relief gets to work and does its best to reduce your debt. Debt relief companies cannot offer guarantees since they specialize in negotiating. It takes two to tango in a negotiation, but Pacific Debt Relief’s 20 years of history makes them well-equipped to navigate these conversations. Pacific Debt Relief will call your creditor or debt collector and explain the situation.
3. Your Debt Balance Decreases
The final step involves a successful negotiation. After Pacific Debt Relief and your creditor strike a deal, you will get a new debt structure. You may end up with a lower debt balance and lower monthly payments through a debt consolidation loan.
Can Pacific Debt Relief’s Program Really Reduce Your Debt?
Pacific Debt Relief can reduce your debt. The company has wiped off thousands of dollars of debt from consumers’ balances without pursuing bankruptcy. Pacific Debt Relief can advise on bankruptcy and if it makes sense for your financial situation, but the debt relief company prefers to use this route as a last resort. The company explains that bankruptcy can stay on your credit report for over a decade but is the only option for some consumers. If Pacific Debt Relief can find a path for your finances that does not involve bankruptcy, they will utilize it.
What are Customers Saying About Pacific Debt Relief?
Pacific Debt Relief has received a lot of love from its customers. The company holds an exceptional 4.93-star rating on the Better Business Bureau among over 1,100 reviews. Trustpilot reviews tell the same story. Pacific Debt Relief has an average of 4.9 stars across over 1,200 reviews.
How Can You Qualify with Pacific Debt Relief?
Pacific Debt Relief doesn’t work with everyone. To qualify, you must have at least $10,000 in unsecured debt. Unsecured debt includes credit card debt, payday loans, personal loans, medical bills, business debts, and others. You can reach this number through multiple debt obligations. Some student loans apply to this total.
You must also demonstrate difficulties with making payments and keeping up with late fees. If you have $50,000 in debt on credit cards and other unsecured loans but you can comfortably make the monthly payments, Pacific Debt Relief isn’t the right choice for you. During the negotiations, Pacific Debt Relief has to demonstrate that you are a distressed borrower. Someone who can comfortably keep up with their payments isn’t a distressed borrower.
Finally, you have to be in one of the qualifying states to work with Pacific Debt Relief. The company isn’t licensed to work with clients in every state. Here is a list of states where Pacific Debt Relief currently offers services:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, District of Columbia, Florida, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maine, Massachusetts, Maryland, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Dakota, Oklahoma, Pennsylvania, South Dakota, Texas, Utah, Vermont, Virginia, Wisconsin, and Wyoming
Is Pacific Debt Relief Right for You?
Pacific Debt Relief is optimal for consumers who are struggling with unsecured debt. These consumers may be worried about a debt collection agency receiving their balances. Some people who use Pacific Debt Relief are considering bankruptcy. The company can suggest ways to avoid bankruptcy or guide you through the process if there is no other alternative.
Pacific Debt Relief is not the best for people with smaller financial obligations. You need at least $10,000 in qualifying debt to qualify for the company’s services. You also have to live in a state where Pacific Debt Relief operates to work with them. If you are frustrated with your debt and are tired of receiving calls from debt collection agencies, Pacific Debt Relief may be right for you.
How to Get Started with Pacific Debt Relief
The first step is to request a free initial consultation. You will have to fill out this quick questionnaire on their website before getting the initial consultation. This questionnaire allows the professional to be better prepared when you get on the phone. During this call, you can get better clarity on how Pacific Debt Relief can assist you through the debt relief process. After this call, Pacific Debt Relief will walk you through how to get started.