Knock Out Debt does not perform debt settlement services.  Instead, they refer you to three of the debt settlement companies in their group.  This is can have its advantages in that you can choose which company that you like the most out of the three.

Quick facts about Knock Out Debt / Debt Reduction Group / Accelerize New Media:

Founded in:2002

Years in Business: 7

Number of employees:  120

BBB Rating:F

BBB complaints:  Only 2, but these are serious in that they involve agreeing to perform according to their contract.

Free Information:  The only information provided is a small basic statement about the fact that they match you up with three of their debt settlement companies.

Escrow or Payment Plan Available:  Monthly payments, but not disclosed as to who has access to the accounts.

Source of Funds:  Not Disclosed.

Fee Structure:  15% of the amount of debt that is enrolled in the program and 30 percent of the fees are incurred after the budget review is completed and your account is set up.  Then the rest is paid out monthly.

Avg Settlement:  Not disclosed.

Refund Policy:  Not disclosed.

About the Company

It is uncertain why Knock Out Debt performs business in this manner, but they are purveyors of debt settlement companies and shop your information around to those who are attached to them via company ownership. 

Beginning the Process

Fill out the form on their website.  There is not even a toll-free number that you can call.

Types of Debt Serviced

Unsecured only.

Worth Noting

You are clearly being directed to do one thing and one thing only:  fill out the form on their website.  Few other details are given about what to expect after that other than the fact that you will be contacted by three debt settlement companies.

Program Caution and Your Responsibilities

You must take extra caution in making sure that you ask all of the deep, probing questions about these businesses to insure that you do not get ripped off.

Will Debt Collectors Still Call?

Not Disclosed.

Other Information

The BBB complaints are serious in that they allege that Knock Out Debt failed to settle debts, creditors continued to make calls to customers, and there is one documented case where the creditor filed suit against the customer for failing to pay their debt.  In their defense, Knock Out Debt did offer refunds and they refuted the claims made against them.