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Pros / This service is accredited by IAPDA and the AFCC.

Cons / To qualify for this program, you need at least $10,000 of unsecured debt.

 Verdict / Debtmerica offers debt relief, including payday loan debt consolidation and settlement, if you have at least $10,000 in debt. It has accreditations and a solid reputation.

If you are in payday loan debt so badly that you are thinking of consolidating your payday loans in order to more easily pay them off, chances are you have other debts as well. If you do, you might want to consider a debt relief settlement service that can help with all your credit card, medical and other consumer debts.

Debtmerica provides debt settlement services that can include payday loan debt relief. However, in order to qualify for this program, you must have at least $10,000 in qualified, unsecured debt. This can include unsecured loans, credit cards and medical bills. An agent for this company told us they can also include payday loans.

You begin by consulting with an agent to see if you qualify. Once you enroll, the arbitrator starts contacting your creditors to negotiate settlements. Meanwhile, you'll start putting an agreed-upon amount into an FDIC-insured trust fund. This fund will pay the creditors and Debtmerica once the negotiations are settled. While you are putting money into this fund, you are still responsible to your creditors, however. Debtmerica cannot stop creditors from calling you, nor can it exempt you from late fees, disconnections or interest during the negotiations. It also cannot compel a creditor to negotiate. This is typical of all payday loan and debt settlement services. The average period for a debt settlement program with Debtmerica is between 24 and 48 months, which is typical for most companies like this.

This service usually manages a debt reduction of about 50 percent of your total debt. Its fees run between 20 and 24 percent of your enrolled debt, which results in an overall average reduction of about 29 percent. If, for example, you enrolled $10,000 in debt, you pay back around $7,100, including the fees you pay to Debtmerica.

This payday loan debt relief service has a solid reputation with excellent scores from business-rating services, plus IAPDA and AFCC accreditations. The International Association of Professional Debt Arbitrators trains and certifies professionals in the debt settlement, while the American Fair Credit Council ensures its members comply with all regulations laid out by the Federal Trade Commission.

The website has useful information about paying off debts beyond its own debt settlement service, and it provides resources, including articles about credit card debt and consolidation. You can contact customer support by phone or email if you have questions. It does not have an online portal for tracking your progress like many other debt settlement services do.


Debtmerica has a solid reputation and encouraging accreditations in the debt settlement world, and will handle your payday loan debt along with other unsecured debts. Its fees are higher than many of the companies in our lineup, but it may still assist you in an average reduction in debt.

Debtmerica Visit Site