Based in Arvada, Colorado, All American DSC Financial is a debt settlement company relatively new to the scene. Debt settlement is not a new process, however it is experiencing a boom in business as a result of the changes in the economy over the past two years. AADSC claims to be one on the fast track to becoming American's “most trusted choice in debt settlement”.

Here are some quick facts about All American DSC Financial (AADSC):

Company Founded: BBB opened a file on this company in October 2008

Years In Business: under one year

BBB Rating: No Rating

BBB Complaints: 0 complaints processed by BBB in last 36 months reporting period

Escrow Available: unknown

Source of Funds: client savings

Fee Structure: not disclosed

Avg. % Settlement of Amount Owed: 20%-80% savings

Refund Policy: 30 day money back guarantee

Minimum Debt Required: $15,000 is the lowest option on their online form

About the Company

The Better Business Bureau is currently unable to offer a rating for this company with the information available. They have not received any complaints however it is important to remember that the company is not quite a year old. Most debt settlement companies claim to settle debt from 12-36 months which means this company probably has few clients who have actually completed their program. They are a member of The Association of Settlement Companies.

The Program

They offer the standard debt negotiation service. Basically visitors to the site have the option to fill out an online form or contact the company for a free, no obligation consultation to determine if the program matches individual situations. Once enrolled, AADSC will contact your creditors to negotiate a reduced payoff on your accounts. There is no mention of where money is saved; in most cases clients pay one monthly payment into a third party settlement account where money is placed until settlements have been reached.

Program Cost

There is no mention of fee structure or the amount of money charged for this program. Potential clients must determine how much of their monthly “payment” actually goes toward settlement funds and how much is allocated for fees to ensure savings can build in a reasonable amount of time.

Website Experience

While attractive to view, this website offers limited information. The content that is provided is generic at best and could be found on virtually hundreds of other debt settlement websites. Since the company is fairly young, perhaps they will update their website to include important information that visitors should have available before making a decision. Fee information is often hard to find on websites since each situation is different. With that being said, most companies have a standard fee structure that although may vary from client to client, could be outlined to give visitors an idea of what it would cost to enroll in the program. Other information that would be useful would include the risks and consequences associated with the process as well as educational tools which help visitors determine whether or not this process is the best option for their situation. The website gets points for having a disclaimer of sorts on the bottom of the home page encouraging visitors to read and understand the client agreement before committing. Also in their favor is a consumer advocate page which offers information that may be useful for potential clients.

It is difficult to get a real “feel” for this company due to the lack of information on the site, reported to BBB and elsewhere on the Internet. Potential clients are encouraged to fully research the company AND the process before proceeding.