Skip to main content

Pacific Debt Inc. Review

Editor’s Note: Since our last review, the provider has notified us that they have added a mobile management portal, partnered with a debt management provider and gotten accredited with the IAPDA

Our Verdict

This company has low fees but also lower average reductions after fees, which makes Pacific Debt Inc. less appealing than other companies on the lineup.

For

  • The average fees Pacific Debt Inc. charges for service are lower than average, ranging between 15 percent and 22 percent of your enrolled debt.

Against

  • Pacific Debt does not have an IAPDA accreditation.
Image 1 of 5

Pacific Debt Inc. image: This image displays the eligibility requirements to enroll in Pacific Debt Inc.'s debt consolidation program.

Pacific Debt Inc. image: This image displays the eligibility requirements to enroll in Pacific Debt Inc.'s debt consolidation program.
Image 2 of 5

Pacific Debt Inc. image: Pacific Debt's website explains other debt relief options available to you so you can make an educated decision about what path to pursue.

Pacific Debt Inc. image: Pacific Debt's website explains other debt relief options available to you so you can make an educated decision about what path to pursue.
Image 3 of 5

Pacific Debt Inc. image: When you have large amounts of debt, you have multiple options for handling them, including only continuing to make the minimum payments on your debts.

Pacific Debt Inc. image: When you have large amounts of debt, you have multiple options for handling them, including only continuing to make the minimum payments on your debts.
Image 4 of 5

Pacific Debt Inc. image: It is important to understand all of your options, especially bankruptcy, which should only be considered as a last resort.

Pacific Debt Inc. image: It is important to understand all of your options, especially bankruptcy, which should only be considered as a last resort.
Image 5 of 5

Pacific Debt Inc. image: Useful resources, like textbooks and workbooks, help you track and plan your financial pathways.

Pacific Debt Inc. image: Useful resources, like textbooks and workbooks, help you track and plan your financial pathways.

Editor’s Note: Since our last review, the provider has notified us that they have added a mobile management portal, partnered with a debt management provider and gotten accredited with the IAPDA. These will be included in our next update of this site. Read also our list of the Best Debt Consolidation Loan and Service companies.

Pacific Debt Inc. debt relief has some of the lowest overall fees, ranging from 15 percent to 22 percent of your enrolled debt. This means fees paid for service are taken off the total amount of debts you enroll in the program.

Begin working with Pacific Debt Inc. by filling out the online form on the company homepage. Simply provide how much debt you have, what types of debt you have and which state you live in to see if you qualify for a consultation with Pacific Debt Inc. Based on this information, a personal debt specialist will contact you to discuss your finances and consolidation options.

Fees for consolidation range between 15 and 22 percent of your total debt; these numbers are on the low end of fees for the lineup and compare well with New Era and Debtmerica. Average savings after fees is 30 percent, which is about average when compared to other services on the lineup.

To be eligible to work with Pacific Debt Inc., you need $10,000 in unsecured debts, including medical bills, credit cards, other lines of credit and bills that have been sent to collections. Certain debts, like payday loans and student loans, are not eligible for consolidation, though make sure to check with a debt specialist. The amount of debt you need to owe to work with this service may vary depending on where you live.

While every situation is evaluated on a case-by-case basis, the consolidation program typically takes between 24 to 48 months to complete. This is well within the industry average. While this may seem like an excessive timeframe, it takes time to fix your finances, and there is no quick fix. When your debt representative begins negotiating with your creditors, you put money into an FDIC-insured account. These funds will go toward paying your creditors and Pacific Debt Inc. fees when your debt is successfully consolidated.

This bill consolidation company advertises that it does not charge upfront fees but does not mention that it is legally prohibited from doing so. This business is AFCC accredited, meaning it has been surveyed by a third party and found to be upholding FTC rules and regulations in its interactions with consumers. It is not accredited with IAPDA, although many debt consolidation services are accredited with only one of these bodies.

The company website provides useful information and educational tools about debt and other financial tips. Other resources include workbooks about investing and helping you track your spending. To contact the company, you can call it directly or email it. When you enroll in the program, you are assigned a personal account manager and can access your information through the online portal. However, you do not have a mobile account management option.

Pacific Debt charges relatively low fees for service and offers good resources for helping you manage your finances during and after your consolidation program is complete. While Pacific Debt Inc. does not charge a substantial amount in fees, it also has low average reductions of debt, making it less impressive overall.

Need a better alternative?

Best Debt Consolidation Companies 2019

Top Ten Reviews has reviewed the top Debt Consolidation Companies so that we're able to offer you the authoritative buying advice you expect.