Eagle One Debt Solutions Review: Is It A Scam Or Is It Legit?

Debt settlement is a process by which a debtor negotiates with their creditors to settle their debt for less than what is owed. It can be a useful tool for individuals struggling with overwhelming debt. However, navigating the debt settlement process can be tricky, which is why many people turn to debt settlement companies for help. One such company is Eagle One Debt Solutions. In this article, we will explore the legitimacy of Eagle One Debt Solutions and whether it is a good option for individuals looking to settle their debts.

What is Eagle One Debt Solutions?

Eagle One Debt Solutions is a debt settlement company that claims to help individuals struggling with overwhelming debt. According to their website, they offer a variety of debt settlement services, including credit card debt settlement, medical debt settlement, and debt settlement for collections accounts. They state that their goal is to help their clients become debt-free as quickly and efficiently as possible.

How does Eagle One Debt Solutions work?

According to their website, Eagle One Debt Solutions follows a simple debt settlement process. Once a client has enrolled in their debt settlement program, they will be asked to start saving as much money as possible toward debt settlement. The client will then make monthly payments into a special-purpose account that Eagle One Debt Solutions will manage. Once sufficient funds have accumulated in the account, Eagle One Debt Solutions will begin negotiating with the client’s creditors on their behalf. Once an agreement has been reached, the client will be required to pay the agreed-upon amount to settle the debt.

What fees does Eagle One Debt Solutions charge?

Eagle One Debt Solutions charges a 15% fee on the total amount of debt that is enrolled in their program. In addition, they charge a monthly fee of $9.85 for the management of the bank account. This fee is equal to $18.85 for the first month and $9.85 for every subsequent month.

What debts are eligible for Eagle One Debt Solutions’ program?

Eagle One Debt Solutions accepts all unsecured debts, including credit cards, medical bills, and collections accounts. However, debts secured by property are not eligible for their program.

Has Eagle One Debt Solutions been involved in any legal issues?

There is no public record of Eagle One Debt Solutions being involved in any legal issues. However, the lack of information available online about the company makes it difficult to determine if they have had any legal issues in the past.

Is debt settlement ethical?

Debt settlement is a controversial topic, and some individuals and organizations argue that it is not ethical. Critics argue that debt settlement companies take advantage of vulnerable individuals by charging high fees and making promises they cannot keep. Supporters of debt settlement argue that it is a legitimate option for individuals struggling with overwhelming debt.

What happens if my creditors refuse to settle with Eagle One Debt Solutions?

If your creditors refuse to settle with Eagle One Debt Solutions, you may be required to continue making payments toward your debts. It is important to keep in mind that there is no guarantee that your creditors will agree to settle your debts for less than what is owed. If debt settlement is not a viable option, it may be worth considering other debt-relief options, such as debt consolidation or bankruptcy.

Eagle One Debt Solutions Customer Reviews

When considering any debt settlement company, it is essential to read customer reviews to get an idea of their reputation. Unfortunately, in the case of Eagle One Debt Solutions, there is a lack of information available on review sites such as Better Business Bureau and Trustpilot.

To begin with, Eagle One Debt Solutions has two BBB profile pages. However, according to the Better Business Bureau, the organization does not hold any accreditation. Furthermore, Eagle One Debt Solutions does not have any reviews or complaints on the BBB site.

The only other source of information is RevDex, a little-known business review site that allows business owners to create free profiles and customers to review them. Eagle One Debt Solutions has been the subject of one scathing review since 2014. According to the customer, Eagle One settled a debt without her approval, which caused difficulties since she filed for bankruptcy on the same day. The payment was refunded to her, and according to the Revdex website, the issue has been resolved between both parties.

The final check conducted on Eagle One Debt Solutions was its domain rating. According to Ahrefs.com, the company has a very low rating of 1.3. This is likely an abandoned website, and the business is no longer active.

FAQs

What services does Eagle One Debt Solutions offer?

Eagle One Debt Solutions offers debt settlement services to individuals struggling with overwhelming debt. They specialize in settling unsecured debts, such as credit card debts, medical bills, and collections accounts.

How does Eagle One Debt Solutions negotiate with creditors?

Eagle One Debt Solutions negotiates with creditors on behalf of their clients by offering a lump-sum payment in exchange for settling the debt. The company will negotiate with the creditor to try and reach an agreement that reduces the total amount owed.

What types of debts are eligible for Eagle One Debt Solutions’ program?

Eagle One Debt Solutions accepts all unsecured debts, including credit cards, medical bills, and collections accounts. However, debts secured by property are not eligible for their program.

How long does it take to settle a debt with Eagle One Debt Solutions?

The length of time it takes to settle a debt with Eagle One Debt Solutions will depend on the individual’s financial situation and the amount of debt they owe. However, the company encourages clients to start saving as soon as possible toward debt settlement to expedite the process.

Is Eagle One Debt Solutions a reputable debt settlement company?

It is difficult to determine whether Eagle One Debt Solutions is a reputable debt settlement company due to the lack of information and customer reviews available online. It is crucial to do your due diligence before working with any debt settlement company.

What should I look for in a reputable debt settlement company?

When looking for a reputable debt settlement company, it is essential to look for accreditation from organizations such as the Better Business Bureau, as well as positive customer reviews. Additionally, a reputable company should be transparent about its fees and its debt settlement process.

Is debt settlement the right option for me?

Debt settlement may be a good option for individuals struggling with overwhelming debt who are unable to keep up with their minimum payments. However, it is essential to weigh the pros and cons of debt settlement and consider other options, such as debt consolidation or bankruptcy.

What are the risks of debt settlement?

Debt settlement can negatively impact your credit score, as missed payments and settled debts will remain on your credit report for several years. Additionally, there is no guarantee that your creditors will agree to settle your debts for less than what is owed.

Can I settle my debts on my own instead of working with a debt settlement company?

It is possible to settle your debts on your own by negotiating with your creditors directly. However, this process can be challenging and time-consuming, and it may be beneficial to work with a reputable debt settlement company that has experience negotiating with creditors.

Is Eagle One Debt Solutions legit?

Based on the information available, it is difficult to determine whether Eagle One Debt Solutions is a legitimate debt settlement company. They do not hold any accreditation with the Better Business Bureau, and there is a lack of customer reviews available online. Furthermore, the fact that their website has a low domain rating suggests that the company may no longer be active.

Given the lack of information and reviews available, it may be best for individuals to seek out a more reputable debt settlement company or attempt to settle their debts on their own. It is crucial to be cautious when working with debt settlement companies, as there have been instances of scams in the industry.

Some red flags to look out for when considering a debt settlement company include:

• Promises of guaranteed debt reduction: No debt settlement company can guarantee that they will be able to settle your debts for a specific amount.
• High upfront fees: Some debt settlement companies may charge high upfront fees, which can be a sign of a scam.
• Lack of transparency: A reputable debt settlement company should be transparent about its fees and its process.

Conclusion

The decision to work with a debt settlement company is a personal one, and it is essential to do your due diligence before making any commitments. While Eagle One Debt Solutions may have been a legitimate company at one point, the lack of information and customer reviews available make it difficult to determine whether they are still operational.

If you are considering debt settlement, it may be best to seek out a reputable company with a proven track record of helping individuals settle their debts. Additionally, it is essential to be cautious and aware of potential scams in the industry. By doing your research and being vigilant, you can take control of your financial future and become debt-free.