There are two advertising approaches seen on websites for debt settlement companies. The first features a longer term for the completion of a program – usually reported at 3 to 4 years in duration. The other is shorter and is reported at 12 to 36 months.

Websites that report the shorter duration also normally post a percentage of debt that is reduced in a high amount – most often placed at 70%, whereas the others are not as optimistic and post theirs at 40 to 60%.

Debt 1 Solutions takes the more aggressive approach. Whether this is based upon experience or is driven by advertising gimmickry, it is hard to say, but it does leave one with questions about the intentions of the companies who engage in such optimistic number pushing.

Quick facts about Debt 1 Solutions:

Founded in: January 2007

Years in Business: 2

Number of employees: Not disclosed.

BBB Rating: B+

BBB complaints: None in the past 36 months.

Free Information: By perusing their website and by dialing their toll-free number or filling out the form on their website.

Escrow or Payment Plan Available: Monthly payments are placed into an account with Rocky Mountain Bank and Trust.

Source of Funds: Monthly payment plan from you.

Fee Structure: 15% of debt enrolled into the program. One or two down payments are required and then the monthly amounts are smaller. There is also a one-time application fee of $199 which is unusual for the industry.

Average Settlement: Not supplied.

Refund Policy: Not disclosed.

About the Company

Located in North Palm Beach, Florida, Debt 1 Solutions has been in business for a little over 2 years.

Beginning the Process

Contact them by calling their toll-free number or filling out the form on their website.

Types of Debt Serviced

Unsecured only

Worth Noting

Their website says two different things about how much they can reduce your debt. The main page claims up to 70% and another page called “how it works” says 40 to 60%. While this is a minor difference, it might cause some to distrust them and what they are saying overall as a debt settlement company.

Program Caution and Your Responsibilities

Be cautious of the fees. Be sure to ask about any monthly fees and charges.

Will Debt Collectors Still Call?

Yes, but they try to work with your creditors to stop them from occurring.

Other Information

Looking at the “about us” web page for Debt 1 Solutions, you will find little information about them. It is more what they will do for you. This is not necessarily a red flag for doing business with them, but you would be wise to perform further checks to see if you can find additional information about them.