
Alleviate Reviews
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About Alleviate
- Easy enrollment process
- Transparent service explanations
- Debt management services
- Doesn't help with secured debt
- A few reports of password reset issues
Our editor's take
Alleviate is a good option for individuals drowning in debt. This can mean that the individual has over $10,000 in debt, multiple credit cards at or near the credit limit or is on the brink of declaring bankruptcy. Additionally, if someone has suffered unexpected financial hardship, such as a job loss or medical emergency, using Alleviate can help you get your finances back on track and avoid piling on more debt.
However, if your debt-related issues are related to secured debts, such as car loans or mortgages, or are mandatory debts, like alimony or student loan debt, Alleviate will not be able to help you.
Alleviate services
Alleviate services works with individuals to reduce the debt they owe. After a consultation, you will be given an estimate of how long your process will take.
You will need to stop paying your creditors and instead deposit an agreed-upon amount to a Federal Deposit Insurance Corporation-insured account administered by Debt Pay Gateway. Once you have enough money to settle your first debt, then Alleviate will contact your creditor to negotiate the debt payoff. The whole debt repayment process will vary per individual but typically takes 24 to 48 months.
Alleviate requirements
To qualify, you must have at least $10,000 in unsecured debt or $500 in unsecured debt per creditor. Additionally, you must prove significant financial hardship, which is done by ceasing payments to your debts. Your credit score may be impacted, and enrolled accounts may become delinquent or go to collections.
You’ll open a dedicated account with a third-party administrator and make monthly deposits. These funds are used to pay negotiated settlements, and negotiations typically begin once enough funds have accumulated.
Alleviate costs
Alleviate doesn't charge for a consultation, and you will not be charged a fee until your debt is settled. Alleviate does not list the percentage fee it charges, stating that fees vary from state to state. Compared to similar debt settlement companies, you can expect to pay a 15% to 25% fee on the amount of debt settled.
Alleviate FAQ
What is Alleviate?
Alleviate is a debt relief company that helps people in economic hardship manage their debts. It works with creditors and negotiates a reduced rate of the amount of money owed.
How does Alleviate Financial Solutions work?
When you hire Alleviate for debt relief, you'll stop paying your debt as a way of showing financial hardship. Instead, you'll open a savings account and make monthly payments, and when sufficient money has accrued, Alleviate will talk to creditors on your behalf.
Where is Alleviate Financial Solutions available?
Alleviate is available in 31 states throughout the United States.
Is Alleviate legit?
Yes, Alleviate has been in business since 2018 and reports helping clients settle over $300 million in debt. While a couple of reviewers reported issues with password resets and voiced some concerns about program effectiveness, customer feedback is overwhelmingly positive, with the majority of reviewers highlighting knowledgeable representatives, responsive support and clear, consistent communication throughout the debt settlement process.
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- 4,863,102 reviews on ConsumerAffairs are verified.
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- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
Alleviate Company Information
- Company Name:
- Alleviate Financial Solutions
- Website:
- alleviatefinancial.com
