Americor Reviews

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About Americor

Americor is a fintech company that helps individuals get out of debt. It partners with Credit9 to offer qualifying clients debt consolidation loans. It also has debt settlement services for clients who do not qualify for a loan. The company’s services are available in all states except Colorado, and it says that clients can become debt-free within 24 to 48 months.

Pros
  • Free debt assessment with soft credit pull
  • No upfront fees
  • Consolidates unsecured debt into one monthly payment
Cons
  • Charges fees based on percentage of enrolled debt
  • Debt settlement can lower credit score

What is Americor?

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).

How does Americor work?

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.

» RELATED: How do debt relief companies work?

Americor services

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.

» COMPARE: Debt Consolidation Companies

Americor pricing

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 FAQ

Will using Americor hurt my credit score?

Your credit score may be negatively impacted in the short term. Since you will not be paying your creditors while Americor settles your debt on your behalf, you will have negative marks on your credit. However, Americor says that 85% of its clients reported their scores being better than or the same upon graduation as it was when they first enrolled in the program.

Does Americor offer any refunds or money-back guarantees?

Americor offers a satisfaction guarantee. The company does not complete any settlement until you approve it. Additionally, if the company cannot settle your debt, you do not have to pay for Americor’s services.

What is the difference between debt settlement and debt consolidation?

Debt settlement is when you negotiate a lump-sum payoff of debt at a discount. Debt consolidation allows you to repay all of your current debts under one loan. Your debt load is not reduced, but the loan should help you to have a lower interest rate and just one monthly payment.

What debts can Americor help with?

Americor can help with most unsecured debts (i.e., debts not backed by collateral). This includes medical bills, department store cards, credit cards, personal loans and some student loan debts.

Is Americor legit?

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.

Americor Reviews

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    How do I know I can trust these reviews about Americor?
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    Customer ServiceProcess

    Reviewed May 22, 2025

    I would not recommend!! I don’t feel they were upfront with me about the whole process from our first conversation. They really sugarcoated it. I was told I could get a loan after 6 months, then came to find it is generally after 1 year. My credit score tanked immediately going down to 420 and they said it would take 3 years to get my less than $9000 debt paid off. They charged me “settlement fees” of $909 to reduce a $3300 debt by 50% and $495 to reduce a $935 debt by 30%. When I called to cancel my service with them, they cancelled the debt arrangements, but still charged me the “settlement fees” of $909.00 & $495.00.

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      Staff

      Reviewed Aug. 23, 2023

      I would like to thank Timothy ** and all the staff/employees of Americor for their excellent service and for allowing me the opportunity to pay the debt I currently owe. It would have taken me years to do what Americor is accomplishing for me now. I am almost debt free. Again thank you so much. CJ **.

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      Americor Company Information

      Company Name:
      Americor
      Website:
      americor.com