Americor Reviews

Americor’s debt settlement program is available for individuals with more than $7,500 of unsecured debt. Americor negotiates with creditors on your behalf to lower your overall debt load. Debts covered include medical bills, credit cards, department store cards and personal loans.

For those who wish to tackle their debt through consolidation, Americor partners with Credit9, an online lender, for debt consolidation loans from $2,500 to $45,000. You can sign up for a free debt assessment online with only a soft credit pull (that won’t impact your credit).

After a free consultation with one of Americor’s certified debt specialists, you choose the debt repayment path that seems best for you. If you select Americor’s debt settlement program, you will stop paying your creditors and instead make a monthly payment to Americor. These funds will be held in a special account until you have enough money for negotiations.

Americor states you can get your first settlement within three to six months of starting the program and that it can negotiate your original debt down to 40% to 50% less than what you owe. In total, you could become debt-free within 24 to 48 months.

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Americor’s main service is its debt settlement program, in which the company uses its negotiation skills to help clients reduce their debt significantly. Keep in mind that debt settlement can lower your credit score, so make sure you understand the potential consequences before enrolling.

Americor also partners with Credit9 for debt consolidation loans. These loans are an option instead of debt relief or after you’ve been in the debt settlement program for six months, as a way to pay off the rest of the creditors and improve your credit score.

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Americor does not disclose exact pricing for its debt settlement program. However, it doesn’t charge any fees upfront. This means you will not pay a signup or cancellation fee.

Once your debt is settled, then you will pay a percentage of the total debt enrolled — this number varies by state but typically ranges between 14% to 29%, according to the company. Americor’s “Pay-No-Fee” guarantee means you will not have to pay anything to the company unless it settles your debt.

Interest rates on debt consolidation loans from Credit9 can vary, typically ranging from 6% to 20%. You will also have to pay an origination fee of between 1% and 10% of the loan amount.

Americor is a legitimate company that says it has helped over 200,000 people with their debt situation. To date, the company says it has relieved over $2 billion in debt. Americor is also a member of the Association for Consumer Debt Relief (ACDR), which promotes standards in the industry.