| Debtmerica Relief Review |
 There is a lot of information thrown at you on the website of Debtmerica Relief www.debtmerica.com. On their main website you will see a toll-free number and a web form to fill out for more information. Plus there are a few testimonials (photographs used are not the actual clients!). They claim to be able to settle your debt for between 40 to 60 percent of what you owe. They are members of NetCheck Commerce Bureau, Dunn & Bradstreet listed, and a member of The Association of Settlement Companies. Quick facts about Debtmerica Relief: Founded in: May 2006 Years in Business: 3 Number of employees: Not disclosed. BBB Rating: F BBB complaints: They have had 11 complaints against them in the last 36 months. Three of these were about a refund issue, one was a partial refund issue and 7 were for concerns over agreeing to perform according to the terms of their contract. Free Information: Can be found at their website www.debmerica.com. Escrow or Payment Plan Available: Monthly payment plan. Source of Funds: Your monthly payments into your “trust” or “special purpose” account. Fee Structure: 15% of the total amount of debt that you enroll into the program. No other fees are disclosed or could be found on independent review websites. Avg Settlement: Not disclosed. Refund Policy: They offer a “Money Back Service Fee Guarantee” on their main web page. There is an asterisk next to it and a long paragraph at the bottom of the page that spells out in legal jargon what stipulations exist regarding the honoring of that guarantee as well as their services in general. About the Company 
Debtmerica is based out of Santa Ana, California and has been in business since 2006. The BBB called them into question on the “guaranteed debt reduction” statement on their website and also requested substantiation along with documentation of settlement claims along with testimonials. Debtmerica has so far refused to respond and they are a BBB member as well. Beginning the Process by calling their toll-free number or filling out the form on their website. Types of Debt Serviced Unsecured only. Worth Noting They claim that they want no repeat customers of their program and that they try to educate about debt as well as help those who are in debt to get out through debt settlement. They also have a page on their website that purportedly shows sample settlements. Whether these are actual cases or just made up is not clear. Program Caution and Your Responsibilities You must perform your due diligence in checking this company out fully before you sign up for their program. Will Debt Collectors Still Call? They say that it is impossible to get this done, but they work with your creditors to get them to stop. Other Information The number of complaints is not overly high, but does raise a red flag in doing business with them. They appear to be more on the giving of information side of things than not, and that is a good sign, too. Related Articles: |
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