PROS / Premier Debt Help has a higher than average reduction rate.
CONS / This service lacks AFCC accreditation.
VERDICT / Premier Financial Help charges average fees and reduces your debt more than the average debt settlement company, which makes it a good choice to help negotiate your debt to a manageable figure.
Premier Debt Help specializes in settling debt, including unsecured loans and lines of credit, credit cards, medical bills, and tax debt settlement. If you have $5,000 or more in debt, you may be eligible for a debt settlement program to help reduce your total debt within 12 to 42 months. You can call or complete an online form to start your free debt relief analysis.
Once enrolled in a program, this debt reduction service begins negotiations with your creditors to reduce the total amount of your debt. Those fees are a flat 20 percent of your enrolled debt, which means if you have $10,000 of debt, your fee will be $2,000. However, the service can only legally charge you fees after it reaches a settlement with each creditor. Further, creditors are not obligated to reduce your debt or stop collection calls for missed payments. In the best-case scenario with $10,000 debt, you may be responsible for as little as $5,000.
As mentioned above, programs with this debt settlement company generally last between 12 and 42 months depending on your financial situation, including your total debt and the amount you can save in your account each month. While your personal debt arbitrator negotiates with your creditors, you put money away each month into a trust account managed by Reliant Account Management. Even though you enrolled in a program, you are still responsible for your debt, including monthly payments, late fees and accrued interest, and your creditors may still send your debt to collections for non-payment.
With the risks involved with debt settlement, you want to make sure you chose a company you can trust. This service is not accredited with the Better Business Bureau, but it is accredited with the IAPDA.
Premier Debt Help charges 20 percent of your total enrolled debt. You don't pay monthly or upfront fees, and you do not pay settlement fees until the company reaches an agreement with each creditor. The fee is typical, and on average, this company settles at a higher rate than other companies on our lineup, making Premier Debt Help one of the best debt settlement companies.