Pacific Debt, an accredited member of the Better Business Bureau, stands among the best debt relief companies in the industry. Our exceptional service, backed by years of experience with debt settlement, has led to recognition from numerous consumer review platforms, making us a trusted choice for debt relief.
With a range of debt relief services tailored to fit the specific needs of our clients and a personalized approach to debt management, we aim to provide the best possible solutions for debt relief. Our commitment to transparency, client satisfaction, and proven results sets us apart and reinforces our position as a leader in debt relief space.
At Pacific Debt Relief, we specialize in unsecured debt problems with real solutions that have proven results. Since getting help with paying off debt is a difficult decision, our system is set up to help you feel comfortable and to understand what is happening with your case every step of the way.
Contact us today for a FREE consultation with no obligation. We can help you understand all your debt relief options.
Our accreditation demonstrates our commitment to excellence. Among our many awards and certifications, Pacific Debt Relief earned a BBB Accredited rating. Our track record speaks for itself. We have settled over $300 million in debt for our clients since 2002. While our accreditations speak to the seriousness of our commitment to you, check out what real clients have to say about Pacific Debt, Inc.
Pacific Debt, Inc offers award winning customer service. Our debt specialists help people understand their debt solutions and debt relief options because not one solution will fit every situation. Our debt specialists make sure you feel comfortable discussing what the best route of action is for your personal situation, whether it be payday loans, credit card debt, personal loans, or any other unsecured loan debt.
Your account manager will help you create a budget that will help you live without getting back into debt. We also educate you on how to legally avoid debt collectors and debt collection companies in general.
Check out the reviews below or verified sites like Trustpilot for real comments. We are very proud that our clients give us excellent ratings and we strive to keep our rating high through excellent customer service and results.
Pacific Debt has been ranked as "One of the best debt settlement companies of 2020." We have been in business since 2002 helping people get relief from debt. We have an excellent track record and we keep our customer's best interest as our number one priority. We help settle your debts for substantially less than you currently owe, and we do all the heavy lifting while working to settle your accounts. We even work directly with your creditors so you don't have to deal with them at all.
The Better Business Bureau (BBB) trusts us and has awarded Pacific Debt with a BBB accreditation for debt relief. A BBB accredited rating means that Pacific Debt meets all the standards for quality, trustworthiness, and responsibility .
The BBB is not the only company that ranks us highly. US News and World Reports ranked Pacific Debt Inc. as one of The Best Debt Settlement Companies of 2020. You can learn about our rankings for yourself by reading our reviews. You can find a list of all our accreditations from Trust Pilot Pacific Debt reviews here. You can also read our accredited debt relief reviews from the Better Business Bureau website.
Always look for additional accreditation with The International Association of Professional Debt Arbitrators and The American Fair Credit Council.
Trying to decide which company to trust for help with debt makes the decision all the more daunting.You may hear a lot of horror stories about debt consolidation companies. Pacific Debt is not a fly-by-night company. We have been in business since 2002 and have settled more than $300 million in debt for clients just like you.
Acknowledging that you have a lot of debt, or even multiple debts can be embarrassing. Our debt specialists understand how easy it is to get into debt and how difficult it is to get out. We are not here to judge you; we are here to help you.
The following table shows the companies that we work with, the average settlement and average original balances, plus the average decreased percentage that we have negotiated on behalf of clients just like you. Please note that these are not the only companies we work with, but they are a good representation.
One of the best ways to choose from all the debt consolidation loan companies is to read real reviews from people who have been helped with our individualized debt relief program. That is why you can find verified reviews from real clients and links to independent rating sites like TrustPilot.
Always check out the accreditations. Look for an A rating with the Better Business Bureau, membership with the American Fair Credit Council and the International Association of Professional Debt Arbitrators. Check for good ratings with other independent rating companies.
And finally, give our debt specialists a call. You need to be comfortable with the person that you are speaking with and trust them to listen and understand your situation and explain all your options.
When you are ready to become debt-free, we can help you just like our BBB accredited program has helped thousands of people. Since 2002, we’ve settled over $300 million in debt for our clients. We have probably already worked with your creditor. If you are looking for one of the best debt consolidation loan companies, contact us today to see how we can help. You can start enjoying a debt-free living today!
We’ve included an informational video below to explain our services and what you can expect when you call Pacific Debt, Inc.
Are you struggling to pay off over 10,000 dollars in credit cards or personal loans? At Pacific Debt, we know what it’s like…and we’re here to help! Since 2002, we’ve helped consumers like you become debt free in as little as 24 to 48 months with one affordable monthly program payment. …And, our proven program doesn’t just reduce interest rates, we also negotiate with creditors to reduce the principal amount owed! Pacific Debt is accredited with the BBB and maintains a stellar A+ rating. Best of all, we charge absolutely no upfront fees! Getting started with Pacific Debt is easy: First, call us for a free consultation. One of our Debt Specialists will review your situation and budget, and develop a customized plan to have you out of debt in 24 to 48 months. Once enrolled, you’ll be assigned a personal account manager to guide you through the settlement process. We’ll keep you updated throughout the process until all your debt is settled! Still not sure Pacific Debt can resolve your financial difficulties? See what our other satisfied clients have to say. We have thousands of 5-star reviews from trusted sites like BestCompany, Google, and TrustPilot – to name a few! Call 877-722-3328 or fill out the form at www.pacificdebt.com for your free consultation today! Click here to watch the “How the Pacific Debt program works” video.
Debt consolidation can include unsecured debt like unsecured loans. Unsecured personal loans can include payday loans, credit card debt, medical expenses, and other unsecured debt. Most Americans have multiple debts including medical expenses, credit card debt, and student loans.
Unsecured loans are those that do not have an asset backing it. For instance, credit card debt is unsecured while a mortgage is a secured loan. While student loans are technically unsecured personal loans, they do not fall into the unsecured debt category that Pacific Debt can help with. However, one of our student loan partners may be able to help you.
You can even include failed debt consolidation loans by acquiring unsecured personal loans to pay off the debt.
There are four basic types of debt relief services available. Here is a breakdown of the four and their potential pros and cons.
In debt consolidation, you roll all your high interest debts into one personal loan with a better interest rate. You then focus on paying off the personal loan. The main concern is finding a personal loan with a better interest rate. Since interest rates are based in part on your credit score, it may be difficult to find a loan with decent interest rates if you are in poor financial condition.
Debt consolidation loan rates must be lower than your existing debts in order for you to see any benefits. At present, personal loan rates range between 3% and 36%. The better your credit score the lower the interest rate you will be charged.
There are minimum credit score requirements of 600 or 620 to usually get the best interest rates. If you can not meet that minimum credit score requirement, you may want to focus on improving your credit score until you reach the minimum credit score requirement or even achieve excellent credit scores.
Taking out a personal loan requires several years of regular monthly payments and usually do not have flexible repayment options. There is usually not a prepayment penalty, but make sure to always read the fine print.
If you are considering debt consolidation, you first need to decide how much you need to pay off. Choose the highest interest debt and add it all up. You now know how much you need to apply for and what interest rates to look for.
Look for personal loans from credit unions, online personal loan lenders, secured loans like a home equity loan, and online lenders like P2P groups. Keep in mind that these debt consolidation lenders will charge origination fees and these origination fees decrease the amount available to repay your debts.
The best debt consolidation loans have low interest rates and hopefully flexible loan terms. You will have to apply for a debt consolidation loan and that will temporarily affect your credit score. You may be able to find debt consolidation loan companies who specialize in debt consolidation loans.
Ask for a soft credit check while looking for loans. A soft credit check does not affect your credit score.
When you get the loan proceeds, use it immediately to make your debt payments.
Read this article if you'd like more information about getting debt consolidation loans, especially if you have bad credit.
Taking out a secured loan to repay your debts is usually problematic. A secured loan has something guaranteeing you will repay the loan. This is commonly your house (home equity loan). Because the loan is secured, interest rates are lowered than unsecured personal loans. However, if you fail to repay this loan funding source, you may lose your home or other guarantee.
Only take out secured loans if you have a concrete plan to repay the debt.
Besides taking out a personal loan, you may be able to use credit card debt consolidation. In this method, you find zero balance transfer credit cards for consolidating credit card debt. You then can focus on making every monthly payment to pay off the zero balance transfer credit cards within the time limit. If you fail to pay off the consolidated debt within the time limit, the subsequent interest rates can be very high.
There is usually no prepayment penalty on balance transfer credit cards. Just always make your monthly payment on time.
Settlement involves negotiating with your creditor to lower interest rates and/or total debt amount and thereby save money. Once the debt is negotiated, the creditor is usually then paid off. This settlement technique can be used in conjunction with a low interest rate personal loan. At Pacific Debt Relief, you save money into a savings account with monthly payments. The negotiated debt is paid through this savings account and means that you do not have to qualify for a personal loan and there are no origination fees.
This does not require a minimum credit score, but does require a minimum annual income that allows you to make a fixed monthly payment to your savings account.
Settlement does come with some potential tax liability and credit score decreases. Always understand what may happen.
For more information on debt settlement taxes, read our article 1099 C Cancellation Of Debt Common Questions.
Credit counseling involves learning how to better manage your finances and budget. You may be asked to develop a debt management plan that will help you repay your bills. It can include settlement and debt consolidation. You will also learn how to build a good credit score and credit report.
Credit counseling is best for people who are just beginning to get into debt. However, even if you choose settlement or debt consolidation, credit counseling can help you stay out of debt in the future.
Bankruptcy is the last option to consider. Beside being expensive and time consuming, bankruptcy will damage your credit and carries a lot of social stigma.
Click the link for more information on Chapter 7 bankruptcy.
Look for accreditation, how long the debt consolidation company has been in business, and reviews from real clients. The American Fair Credit Council is one such important accreditation.
Yes, qualified borrowers can usually get debt consolidation loans without providing collateral.
Applying for a personal loan will temporarily decrease your credit score. However, paying off outstanding debts, especially if you are behind on monthly payments, will help to improve your credit score.
Paying down credit card debt will also help your credit score. If you fail to repay the debt consolidation loan, your credit will be damaged. For more information on credit scores and how to build excellent credit, follow this link.
Many people find value in a BBB accreditation. The company must apply and then have their internal and public records examined by the BBB. The BBB also tracks the number of complaints and whether the complaint is settled.
If you can get a personal loan with a decent interest rate and you have a solid plan to repay the debt consolidation loan, yes, it is a good idea.
In order to get a low-interest rate loan, you will need a minimum credit score of 620 and an excellent credit score will decrease interest rates even more.
However, if you do not, it can become another source of debt stress. Keep in mind that debt consolidation loans come with origination fees that decrease the amount available to use to consolidate debt.
As long as you repay the loan and then continue to pay your bills on time, there could be a very little negative effect on your credit score.
In fact, by paying your bills on time, you can work on an excellent credit score.
Call Pacific Debt today for a free consultation. We'll help explain to you all your options so you can fully understand them.
If you can get a low-interest rate loan thanks to an excellent credit score and make the monthly payments on your debt consolidation loan, you may be a good candidate.
Look for a debt consolidation loan with no prepayment penalty and possibly flexible repayment options. Always make your monthly payments on time and use your debt consolidation loan for your debt payments.
The entire goal for a debt consolidation loan is to repay your existing debt. So, yes, you do get money, but the loan proceeds have a dedicated purpose.
If you blow the money elsewhere, you now have the existing debt and the debt consolidation loan to repay.
One of the easiest ways is to find a low-interest rate personal loan using an excellent credit score and use the loan proceeds to repay your debts.
Basically, your credit report and credit history are measures of how well you repay your debts. If you have not been able to maintain a good credit score, you will be considered less responsible with credit.
By improving your bad credit score, your credit history will improve and your interest rates will drop.
A credit report is a list of all your debts within a 7 to 10-year time period and how well you have done repaying your debts.
The credit score is generated based on a formula applied to your history of debt payments. The credit score weights timely monthly payments most heavily.
It then looks at your debt to income ratio and debt to credit ratio. These compare how much debt you have compared to your income and how much of your revolving debt (credit card balances) you are using.
The lower your debt to income ratio, the better you are at managing your money. The last three include multiple debts in a variety of forms - revolving, car, mortgage, etc, the age of your debt - the older the better, and how many times you have applied for new credit.
In order to fix your credit score, you really need to make all monthly payments on time and in full.
Improve your debt to income ratio by paying down credit card balances. Don't apply for new credit or take out credit cards at big box store checkouts.
Check your credit history for incorrect information and ask to have any errors corrected.
The best debt consolidation loans are those that offer qualified borrowers a lower interest rate than their current debt interest rates, an affordable monthly payment, and a low origination fee.
Check with credit unions for more flexible lending terms. Shop around for the best personal loans available. If you have a bank account, you may be able to get better rates.
750 B Street Suite 1700
San Diego, CA 92101
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Phone: (877) 722-3328
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Email: cs@pacificdebt.com
Phone: (833) 865-2028
Fax: (619) 238-6709
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*Clients who make all their monthly program deposits pay approximately 50% of their enrolled balance before fees, or 65% to 85% including fees, over 24 to 48 months (some programs lengths can go higher). Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Pacific Debt is not a credit repair firm nor do we offer credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S. 12-03825.