Approved debt relief: 2022 review

Founded in 2011, Accredited Debt Relief offers personalized debt relief programs and strives to help clients reduce their unsecured debt as much as possible. 50 percent. In addition to providing standard debt settlement plans, the company helps with debt consolidation, debt management, and bankruptcy.

If you’ve accumulated $10,000 or more in unsecured debt and are looking for ways to reduce what you owe, or consolidate your monthly payments and eliminate debt faster, Accredited Debt Relief can help.

Accredited Debt Relief is Best for Free Consultations

Accredited Debt Relief offers free consultations for people interested in debt relief. Its Certified Debt Specialists will review your unique financial situation, give you an overview of the company’s programs, and discuss how they might work for you.

If you decide to continue, the company’s debt specialists will develop a personalized plan based on your financial goals and budget.

Overview of Approved Debt Relief

Type of debt relief

Unsecured debts only


No upfront costs. The fee is performance-based and contingent upon reaching a favorable settlement with creditors. Fees vary from 15% to 25% of the debt balance at the time of registration.

Minimum debt settled


Eligibility criteria

Only unsecured debt that has no collateral attached like credit cards, medical bills and payday loans.

Must be able to make monthly payments.

Customer Reviews

A+ rating from BBB

Impact on credit score

You may see a temporary drop in your credit score when starting the debt relief program

How Approved Debt Relief Works

Working with Accredited Debt Relief begins with an initial consultation where one of its Certified Debt Specialists assesses your finances and explains the different options available to help you. If you choose to continue, a personalized plan is developed based on your goals, your total amount of debt, and your budget.

Once your personalized debt reduction plan has been created, you will need to start making payments into a dedicated savings account. The money accumulated in this account will ultimately be used to pay off your debts.

At the same time, you will also be asked to stop making payments to creditors, to stop communicating with creditors, and to stop using any lines of credit, loans, or credit cards you seek to negotiate. .

Accredited Debt Relief negotiators work to get settlements for your outstanding debt. When a creditor agrees to a settlement, you will be contacted to approve the terms. At that time, the money accumulated in your dedicated account will be used to pay the creditor. Once the creditor is paid, this debt is considered resolved.

What Types of Debt Accredited Debt Relief Rule

Only unsecured debt is eligible for Accredited Debt Relief programs. In other words, debts that are not attached to collateral like a house or a car. The company helps settle credit card debt, medical debt and payday loans. This does not work with federal student loans, mortgages, or auto loans.

Requirements and Eligibility

You must have a minimum of $10,000 in debt to work with Accredited Debt Relief. In addition, the company only works with unsecured debt, that is, debt not secured by collateral such as a house or a car. Accredited Debt Relief works with consumers who want to settle credit card debt, medical bills and payday loans.

The company also requires you to be able to make monthly payments, in an agreed amount, into a dedicated account.


There is no upfront fee charged by Accredited Debt Relief. Instead, the company charges a performance-based fee, which is only paid after a favorable agreement has been reached with creditors on your behalf, including after reducing the overall amount of debt you must. Once this happens, you pay Accredited Debt Relief a fee ranging from 15-25% of your debt balance at the time of enrollment in the program.

Advantages and disadvantages of approved debt relief


  • Reduced debt: It is possible to reduce your debt by up to 50% when you work with Accredited Debt Relief.
  • Debt consolidation without a loan: Accredited Debt Relief lets you settle unsecured debt without having to get a consolidation loan. This can often save you money, as some consolidation loans come with interest rates of 21% or more.
  • Tailor-made debt relief programs: Programs developed by Accredited Debt Relief can be customized or modified to meet your specific financial needs and monthly budget, making it easier for you to stay on track with the monthly payment program.

The inconvenients:

  • Charges 15-25% of your debt: Although you only pay a fee if the company reaches a favorable settlement on your behalf, which includes reducing your debt, you will need to be prepared to pay a significant fee for this assistance. The exact amount paid is based on your debt balance at the time of enrollment, not the reduced debt amount negotiated on your behalf.
  • There is no guarantee that all debts will be resolved: Although Accredited Debt Relief claims it can achieve resolution in most cases, there may be creditors who refuse to settle, which means you will still have to manage these debts on your own.
  • Minimum of $10,000 debt required: You will need a substantial amount of unsecured debt to qualify for help from Accredited Debt Relief.

Reviews from Accredited Debt Relief Clients

Accredited Debt Relief has an A+ rating with the Better Business Bureau, which is the highest score awarded. The rating is based on BBB research and takes into consideration all complaints filed against Accredited Debt Relief by customers. However, BBB ratings are not meant to be a guarantee of a company’s reliability. In addition, the letter rating does not take into account customer reviews. About 19 complaints have been filed with BBB against Accredited Debt over the past three years, all of which have been closed.

The company received an “Excellent” rating from third-party ranking site Trustpilot, which ranks Accredited Debt Review 15 out of 36 best companies in the debt relief services category. Of the 3,749 consumer reviews of the company posted on Trustpilot, 88% rate Accredited Debt Relief as “excellent” and 10% give the company an “excellent” rating.

Debt settlement risks

There are various disadvantages associated with debt settlement that are important to consider before taking this approach to your financial challenges.

To get started, working with a debt settlement company usually requires you to stop paying your unsecured debts altogether and start depositing money into a debt settlement account instead. Once you stop making monthly payments, your credit score will drop as accounts will be flagged as overdue. These types of delinquent accounts can stay on your credit report for as long as seven years.

It should also be noted that there is no guarantee that your creditors will settle or that an agreement will be successfully reached on your behalf. Worse still, you could face legal action from creditors or debt collectors.

Alternatives to Approved Debt Relief

There are various alternatives to settling your debt that do not include working with a company such as Accredited Debt Relief. Some of the debt consolidation options to consider include:

  • Balance transfer credit card: A balance transfer credit card may be an option as long as you are able to get a card with a high enough limit to cover all the debt you want to consolidate. Additionally, it’s important to find a card that offers a competitive annual percentage rate (APR) for the transfer to make sense financially. Do your research and look for a card that offers zero interest or a low introductory rate.
  • Home equity loan or line of credit: If you own a home and have built up equity, and you also have good credit, it may be possible to borrow some of that equity and use it to pay down or consolidate your debt. Options include a home equity loan and a HELOC. A home equity loan is a lump sum of money provided at a fixed interest rate, while a HELOC is a line of credit often with a variable interest rate.
  • Peer-to-peer lending: The loan between individuals is another option to solve the problem of debt. Platforms like Upstart, Prosper and SoFi will connect borrowers with individual investors who provide loans ranging from $25,000 to $50,000. Because these are unsecured loans, your credit history will affect the rates and terms provided.

Key points to remember

Accredited Debt Relief will work to reduce your debt by up to 50% and can help consolidate multiple payments into one, allowing you to pay off your debts faster. After a free consultation and analysis, the company creates a personalized plan to help you achieve your financial goals. For those who have accumulated $10,000 or more in unsecured debt and need help managing or paying off the debt, Accredited Debt Relief may be able to help.

Robert J. King