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Americor

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6.0

Overall Score

Author: Jenna Vasquez

LAST UPDATED: March 10th, 2022

Americor is a debt relief company based in Irvine, California. The company has relieved more than $2 billion of debt. Its more than 400 employees provide debt settlement services to borrowers with at least $3,500 of debt. 

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The Good

  • Accreditations
  • No Upfront Fees
  • Simple Process

Accreditations

Americor has been certified by the American Fair Credit Council, the International Association of Professional Debt Arbitrators, and the Receivables Management Association.

The American Fair Credit Council is a consumer advocate group and the leading debt settlement company association. Certification by the American Fair Credit Council signifies adherence to a strict code of conduct, regulatory guidelines, and industry best practices. Additionally, all American Fair Credit Council members agree to not charge customers until after successfully negotiating their debt. 

The International Association of Professional Debt Arbitrators’ certification communicates that a debt settlement company is committed to a high level of training and certification. 

Companies that are certified by the Receivables Management Association must pass the association’s background check and adhere to industry best practices. 

No Upfront Fees

Like many other reputable debt settlement companies, Americor doesn’t charge customers for its services until after it has settled their debt. 

Simple Process

Americor offers a simple path to debt relief. You submit how much debt you have and the company provides you with available debt relief options.

Then, the company helps you apply for the right debt relief plan, and if accepted, you are enrolled and assigned a negotiator that will work to settle your debts with your creditors. Typically, negotiators are able to settle for 50–60 percent of the original balance.

After you have completed the program, you work to pay off your remaining, lower debts, and ultimately achieve a debt-free life.

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The Bad

  • Limited Services
  • Lack of Website Information

Limited Services

While some debt relief companies offer multiple kinds of services, Americor appears to offer only debt settlement services, and not debt consolidation or credit counseling. 

Lack of Website Information

The information available on the Americor website is scant and doesn’t include specifics such as how much the company charges for its debt settlement services.

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The Bottom Line

Americor offers debt settlement services in 34 states from its headquarters in Irvine, California. 

The debt relief company has numerous certifications, which speak to the company’s commitment to ongoing training, adherence to industry best practices, and compliance with regulatory guidelines. 

In particular, Americor’s certification through the American Fair Credit Council means the company does not charge for its services in advance. Americor customers can rest assured that they won’t be charged unless and until the company successfully settles their debt.

Americor appears to offer only debt settlement services. Those who are interested in debt consolidation or credit counseling services will need to look elsewhere.

Unfortunately, the company’s website doesn’t offer much additional information. Interested customers should contact Americor directly to find out whether the company is a good fit for their financial situation.

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1-(844) 939-3291

Star Rating

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4.5

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113 Reviews

Review Breakdown

5 grade

77%

4 grade

12%

3 grade

4%

2 grade

1%

1 grade

6%

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Verified Customer

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Review Source

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Jamie Lynn Poole Bourbon, MO

They wernt honest about how negatively this process would affect my credit

4 years ago

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Reply from Americor

We' sorry to hear about your experience and also want to thank you for sharing your concerns with us. Unfortunately, We are unable to locate you in our system based on the information provided in order to better understand and hopefully resolve your concerns, please email us directly at pr@americor.com so we can help you resolve this.

Dec. 21st, 2021