With six years of experience under their belt American Debt Services is a debt settlement company that has been providing debt negotiation services to consumers years before the current economic crisis. In an industry filled with fly-by-night companies or start ups lacking experience, a company that has proven it has what it takes to provide results for six years invokes more confidence in consumers.

Here are some quick facts about American Debt Services:
Company Founded: January 3, 2003

Years In Business: 6

BBB Rating: A+

BBB Complaints: 0 complaints received

Escrow Available: yes

Source of Funds: client savings

Fee Structure: 15% of debt enrolled in program

Avg. % Settlement of Amount Owed: 40%-60%

Refund Policy: unknown

Minimum Debt Required: $15,000

About the Company:

The Program:
Upon completing a short online form or contacting the company via their toll free number your situation will be evaluated to determine if you qualify for their program. An affordable monthly payment will be determined based on your financial situation. The amount of money that you can reasonably set aside for settlements will play an important role in how long you will be enrolled in the program. Once you begin the program American Debt Services will begin contacting your creditors on your behalf to begin negotiating settlements on your current balances. To complete the process, both you and the creditor have to agree on a settlement amount at which point in time a payment will be made to close the account. This process is repeated until all debts have been successfully negotiated.

Program Cost:
American Debt Services charges the industry standard which is 15% of the total amount entered in the program. The fee structure is not disclosed on the website, however before moving forward with the program enrollment all clients are required to read, understand and approve the fee structure by signing a discloser.

Website Experience:
A great example of a website that manages to provide the necessary information needed to help make an informed decision without overwhelming the senses with too much information. While the extra bells and whistles found on some debt settlement sites can provide information that helps consumers manage their finances, in many cases the tools, articles, newsletters and video clips distract visitors from the underlying purpose of the site. The FAQ section covers all the issues often avoided by debt settlement companies. In reality there are few secrets in the industry. Therefore companies that are willing to drop the sales pitch and offer readers a chance to make an educated decision based on accurate information tend to stand out from the rest of the pack.

Based on the information available for this review, American Debt Services appears to have achieved what some would consider an impossible feat- a reliable reputation in an industry that is notorious for lacking credibility. The website is direct and to the point in the information provided. The BBB has given this company a stellar rating and a simple Internet search revealed no complaints. Each person should carefully consider all companies, programs and their own situation before moving committing to a program to ensure they are making an educated decision.