American Credit Card Solutions Reviews

There are many reasons why someone may work with a debt settlement company, including wanting to avoid bankruptcy, having unsecured debt of $10,000 or more or having multiple credit cards that are maxed out. If you’re in any of these situations, you may benefit from American Credit Card Solutions’ debt settlement program.

Note that secured debts, like mortgages or car loans, are not eligible for debt settlement through ACCS.

American Credit Card Solutions offers debt settlement to eligible customers. If you enroll, you make a monthly payment into an account. Once there are enough funds, the company negotiates on your behalf to lower the amount you owe to creditors. The process with ACCS starts with a free consultation.

To qualify for a debt relief program, you need to show financial hardship. To show you have difficulty paying, you'll stop paying your creditors, which can have negative consequences. Expect your credit score to take a dip and for creditors to move your accounts into delinquency and collections. Instead of paying your creditor, you will deposit a monthly payment in a Federal Deposit Insurance Corporation-insured savings account through American Credit Card Solutions.

When a sufficient amount of money is in the savings account, American Credit Card Solutions will negotiate with creditors on your behalf to reduce the amount owed. The money in the savings account will be used to pay down the debts.

American Credit Card Solutions does not charge any fees to enroll in its debt relief program and provides a free initial consultation. If you do choose to work with this company, expect to pay a one-time payment for its debt settlement program.