United Debt Settlement Review: Is It A Scam Or Is It Legit?

Debt can be a significant burden, causing stress and financial strain for individuals and families. Fortunately, there are debt settlement companies like United Debt Settlement LLC that aim to provide relief and assistance in resolving outstanding debts. In this review, we will delve into the details of United Settlement, examining its services, benefits, drawbacks, and accreditations to help you determine if this company is the right choice for your debt settlement needs.

Who is United Debt Settlement?

United Settlement is a well-established debt settlement company based in New York, NY. With eight years of experience in the industry, the company has built a strong reputation for providing a debt relief program to borrowers across 39 states and Washington, DC. Since its establishment in 2015, United Debt Settlement has helped numerous individuals regain control of their financial situations by negotiating with creditors on their behalf.

Range of Debt Relief Services

One of the key aspects of United Settlement is its ability to handle various types of debts. Whether you’re struggling with private or federal student loans, business debt relief, or unsecured debts such as credit cards and personal loans, United Debt Settlement has the expertise to assist you. Their experienced team of debt resolution specialists can work with your creditors to negotiate favorable settlement terms, potentially reducing the overall amount you owe.

Commitment to Education and Certification

United Debt Settlement places a strong emphasis on the education and certification of its debt resolution specialists. They invest in the training and accreditation of their staff through the International Association of Professional Debt Arbitrators (IAPDA). The IAPDA is a reputable organization that provides comprehensive training and certification programs for professionals in the debt resolution industry. By partnering with IAPDA, United Debt Settlement demonstrates its commitment to delivering quality debt resolution services to its clients.

Benefits and Drawbacks

Before making a decision about working with United Debt Settlement, it’s essential to consider the benefits and drawbacks associated with their services.

Benefits:

• Fees below the average: United Debt Settlement offers fees that are below the industry average, providing cost-effective solutions for individuals seeking debt relief.
• No monthly fee: Unlike some debt settlement companies, United Debt Settlement does not charge a monthly fee. This can be a relief for individuals who are already facing financial difficulties.
• IAPDA accredited specialists: United Debt Settlement has IAPDA accredited specialists on their staff, ensuring that you receive professional and knowledgeable assistance throughout the debt settlement process.

Drawbacks:

• Not a member of the AFCC: While United Debt Settlement is not a member of the American Fair Credit Council (AFCC), the major trade association for the debt settlement industry, its IAPDA accreditation still attests to their commitment to quality service. However, some individuals may prefer to work with a company affiliated with the AFCC for added assurance.
• Minimum debt requirement: United Debt Settlement has a minimum debt requirement of $10,000. This means that they only accept clients who have a significant amount of debt to settle. While this requirement may initially seem daunting, it’s important to understand that debt settlement is most effective when dealing with larger debts. Settling smaller amounts may not be as cost-effective.

Can United Debt Settlement help me with my business debt?

Answer: Yes, United Debt Settlement offers services for alleviating business debt. Whether you’re struggling with loans, lines of credit, or other business-related debts, their experienced team can negotiate with creditors on your behalf to potentially reduce the amount you owe.

What sets United Debt Settlement apart from other debt settlement companies?

Answer: United Debt Settlement stands out due to its commitment to education and certification. The company invests in training and accreditation through the International Association of Professional Debt Arbitrators (IAPDA), ensuring that their debt resolution specialists are knowledgeable and equipped to provide quality service.

Can United Debt Settlement help me with my federal and private student loans?

Answer: Yes, United Debt Settlement can assist with both federal and private student loans. Their team can work with your loan servicers to negotiate more favorable terms or settlements, potentially reducing the overall burden of your student loan debt.

Does United Debt Settlement charge a monthly fee?

Answer: No, United Debt Settlement does not charge a monthly fee. This can be a relief for individuals who are already facing financial difficulties, as it eliminates the additional expense of a monthly fee for their debt settlement services.

What happens if I don’t meet the minimum debt requirement?

Answer: If your unsecured debt is less than $10,000, you may explore alternative options such as debt consolidation loans or credit counseling services. While United Debt Settlement’s services require a minimum debt amount, there are other potential solutions available for individuals with lower levels of debt.

Frequently Asked Questions

To provide further clarity about United Debt Settlement’s services, here are answers to some frequently asked questions:

1. What Services Do They Offer?

United Debt Settlement offers services for alleviating debt in several categories, including business debts, federal and private student loans, and unsecured debts like credit card debt or personal loans. Their expertise extends to various types of debts, allowing them to cater to a wide range of clients.

2. How Much Do Their Services Cost?

The fees charged by United Debt Settlement vary between 15% and 24% of the enrolled debt, depending on the amount of debt being settled. It’s important to consult with United Debt Settlement directly for an exact quotation, as the costs of debt relief services can vary significantly based on individual circumstances.

3. Do They Offer a Money-Back Guarantee?

United Debt Settlement does not offer a money-back guarantee. Some debt settlement companies promise a refund policy that ensures customers will not be charged until their debts are settled. However, charging upfront fees before settling an account is illegal for such companies. Therefore, these guarantees do not provide significant benefits to consumers.

4. What Is the Minimum Debt Required for Qualifying?

To qualify for United Debt Settlement’s services, individuals must have unsecured debt amounting to $10,000 or more. Those with less than $10,000 of unsecured debt may explore alternative options such as debt consolidation loans or credit counseling services.

Conclusion

United Debt Settlement is a reputable debt settlement company that has been assisting borrowers in resolving their debts for eight years. With its comprehensive range of services and commitment to customer satisfaction, United Debt Settlement can be a valuable partner for individuals struggling with overwhelming debt. While there are some drawbacks, such as not being a member of the AFCC and the minimum debt requirement, their fees below the industry average, lack of monthly fees, and the presence of IAPDA-accredited specialists make them an attractive option for those seeking debt relief.

When considering any debt settlement company, it’s crucial to thoroughly research and compare offerings to make an informed decision. Review customer testimonials, seek independent reviews, and evaluate the company’s track record. Ultimately, each individual’s financial situation is unique, and finding the right debt settlement partner requires careful consideration.