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Accredited Debt Relief: 2022 Review

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Founded in 2011, Accredited Debt Relief offers personalized debt relief programs and works to help customers reduce unsecured debt by as much as 50 percent. In addition to providing standard debt settlement plans, the company assists with debt consolidation, debt management and bankruptcy.

If you’ve accumulated $10,000 or more in unsecured debt and are looking for ways to reduce what you owe, or consolidate monthly payments and eliminate debt more quickly, Accredited Debt Relief may be able to help.

Accredited Debt Relief is best for quick results

Accredited Debt Relief claims it can settle debt in as little as 12 months, a faster turn-around than many other debt relief companies. While you are not guaranteed to finish the process this quickly, Accredited Debt Relief guarantees settlement within 46 months. If you are under a time constraint and want your settlement handled as quickly as possible, Accredited Debt Relief could be right for you.

If you decide to proceed, the company’s debt specialists will develop a customized plan based on your financial goals and budget.

Accredited Debt Relief snapshot

Type of debt relief Unsecured debt only
Fees No upfront fees. Fees are performance based and contingent upon reaching a favorable settlement with creditors. Fees range from 15 percent to 25 percent of debt balances at time of enrollment.
Minimum debt settled $10,000
Eligibility requirements Unsecured debt only that does not have collateral attached such as credit cards, medical bills and payday loans.Must be able to make monthly payments.
Customer reviews A+ rating from BBB
Credit score impact You may see a temporary drop in your credit score when starting the debt relief program

How Accredited Debt Relief works

Working with Accredited Debt Relief begins with an initial consultation during which one of its certified debt specialists assesses your finances and explains the various options available to help. If you choose to proceed, a customized plan is developed based on your goals, your total amount of debt and your budget.

Once your personalized debt relief program has been created, you will be required to start making payments to a dedicated savings account. The money accumulated in this account will ultimately be used to pay off your debts.

At the same time, you will also be asked to stop making payments to creditors, stop communicating with creditors and cease using the lines of credit, loans or credit cards that you are seeking to have negotiated.

Negotiators from Accredited Debt Relief work on obtaining settlements for your outstanding debt. When a creditor agrees to a settlement, you will be contacted to approve the terms. At that point, the money accumulated in your dedicated account will go towards paying the creditor. After the creditor is paid, that debt is considered resolved.

What types of debt Accredited Debt Relief settles

Only unsecured debts are eligible for Accredited Debt Relief’s programs. In other words, debts that are not attached to collateral like a home or a car. The company helps to settle credit card debts, medical debts and payday loans. It does not work with federal student loans, mortgages, or car loans.

Requirements and eligibility

You must have a minimum of $10,000 in debt in order to work with Accredited Debt Relief. In addition, the company only works with unsecured debt, which is debt not secured by collateral such as a house or a car. Accredited Debt Relief works with consumers who wish to address credit card debt, medical bills and payday loans.

The company also requires that you be able to make monthly payments, of an agreed upon amount, into a dedicated account.


There are no upfront fees charged by Accredited Debt Relief. Instead, the company charges performance-based fees, which are paid only after a favorable agreement has been reached with creditors on your behalf, including having reduced the overall amount of debt you owe. Once this occurs, you pay Accredited Debt Relief a fee that ranges from 15 percent to 25 percent of your debt balances at the time you enrolled in the program.

Pros and cons of Accredited Debt Relief


  • Reduced debt: It is possible to reduce your debt by as much as 50 percent when working with Accredited Debt Relief.
  • Debt consolidation without a loan: Accredited Debt Relief allows you to address unsecured debt without having to secure a consolidation loan. This can often save you money as some consolidation loans come with interest rates of 21 percent or more.
  • Tailored debt relief programs: The programs developed by Accredited Debt Relief can be customized or modified to fit your specific financial needs and monthly budget, making it easier for you to stay on track with the monthly payment program.


  • Fees of 15 to 25 percent of your debt: While you only pay a fee if the company reaches a favorable settlement on your behalf, which includes a reduction in your debt, you will need to be prepared to pay a sizable fee for this assistance. The exact amount paid is based on your debt balances at the time of enrollment, not on the reduced debt amount negotiated on your behalf.
  • There is no guarantee all debts will be resolved: Though Accredited Debt Relief says it can achieve resolution in most cases, there may be some creditors who refuse to settle, meaning you will still have to deal with those debts on your own.
  • Minimum $10,000 in debt required: You will need a substantial amount of unsecured debt in order to be eligible for assistance from Accredited Debt Relief.

Accredited Debt Relief customer reviews

Accredited Debt Relief has an A+ rating with the Better Business Bureau, which is the highest score awarded. The rating is based on BBB research and takes into consideration any complaints filed against Accredited Debt Relief by customers. However, BBB ratings are not meant to be a guarantee of a business’s reliability. In addition, the letter rating does not take customer reviews into consideration. About 19 complaints were filed with BBB against Accredited Debt over the past three years, all of which have been closed.

The company received an “Excellent” score from third-party ranking site Trustpilot, which ranks Accredited Debt Review 15 out of 36 best companies in the category of debt relief services. Of the 3,749 consumer reviews about the company posted on Trustpilot, 88 percent classify Accredited Debt Relief as “excellent” and 10 percent gave the company a “great” rating.

Risks of debt settlement

There are various drawbacks associated with debt settlement that are important to consider before proceeding with this approach to tackling your financial challenges.

To begin with, working with a debt settlement company generally requires that you stop making payments on your unsecured debts altogether and instead begin depositing money into a debt settlement account. Once you cease making monthly payments, your credit score will decline because the accounts will be reported as delinquent. These types of delinquent accounts can remain on your credit report for as long as seven years.

It is also worth noting that there is no guarantee that your creditors will settle or that an agreement will successfully be reached on your behalf. Even worse, you may face lawsuits from creditors or debt collectors.

Alternatives to Accredited Debt Relief

There are various alternatives to addressing your debt that do not include working with a company such as Accredited Debt Relief. Some of the debt consolidation options to consider include:

  • Balance transfer credit card: A balance transfer credit card can be an option as long as you are able to secure a card with a limit high enough to cover all of the debt you wish to consolidate. In addition, it is important to find a card that offers a competitive annual percentage rate (APR) so that the transfer makes sense financially. Do your research and look for a card that offers zero interest or a low introductory rate.
  • Home equity loan or line of credit: If you own a home and have built up equity, and you also have good credit, it may be possible to borrow some of that equity and use it to pay off or consolidate your debt. The options include a home equity loan and a HELOC. A home equity loan is a lump sum of money provided at a fixed interest rate, while a HELOC is a line of credit that often comes with a variable interest rate.
  • Peer-to-peer loans: Peer-to-peer lending is another option for addressing debt. Platforms like Upstart, Prosper, and SoFi will match borrowers with individual investors who provide loans from $25,000 to as much as $50,000. Because these are unsecured loans, your credit history will impact the rates and terms provided.

Key takeaways

Accredited Debt Relief will work to reduce your debt by as much as 50 percent and can help consolidate multiple payments into one, allowing you to pay off debt more quickly. After a free consultation and analysis, the company creates a customized plan to help you reach your financial goals. For those who have accumulated $10,000 or more in unsecured debt and need assistance managing the debt or paying it off, Accredited Debt Relief may be able to help.

Written by
Mia Taylor
Contributing Writer
Mia Taylor is a contributor to Bankrate and an award-winning journalist who has two decades of experience and worked as a staff reporter or contributor for some of the nation's leading newspapers and websites including The Atlanta Journal-Constitution, the San Diego Union-Tribune, TheStreet, MSN and
Edited by
Loans Editor, Former Insurance Editor