Do you find it difficult to pay your bills each month? Is your debt overwhelming you? Is there a real financial hardship in your life? Then Alleviate Financial Solutions may be a good option for you. In recent years, Alleviate has gained popularity for its debt relief services. Can Alleviate Financial Solutions be trusted? Let’s take a closer look at Alleviate Financial Solutions and see if these services are right for you in this review.
The Alleviate Financial Solutions company was founded in 2018. Debt consolidation services are provided by the company. Despite Alleviate’s claim to help people get back on track with their finances, there are also many negative reviews about the company. There have been complaints that Alleviate failed to deliver on its promises, while others have called it a scam. So how true is Alleviate Financial Solutions?
Alleviate Financial Solutions has received both positive and negative reviews. Even legitimate companies can sometimes make mistakes, so it is important to keep in mind that not all companies are perfect. You should conduct your research before using Alleviate’s services and ensure that you are familiar with the terms of their contract.
Pros and Cons
You should be aware that alleviatefinancial.com has more cons than pros if you are considering using it. There are numerous allegations of bait-and-switch tactics against this company, and they have received a great deal of negative feedback online. Furthermore, they are alleged to have poor customer service.
There are other options available if you are seeking financial assistance besides Alleviate Financial Solutions.
How Does This Company Work?
The Alleviate Financial Solutions debt settlement company works in conjunction with your creditors to settle your credit card debt for a lower amount than you owe. It may seem like a great solution to your debt problems, but some risks are involved. As an industry leader in this service area, they claim that their performance-based fee structure and account management systems are designed with consumers in mind.
One of the biggest risks is that you could end up owing more than you originally thought. Creditors can settle your debt for less than what you owe, but still, report the full amount to credit bureaus. In other words, you may still experience a negative impact on your credit score.
Your creditor could also sue you. In this scenario, you may owe more than you originally owed, plus interest and fees.
Make sure you understand the risks associated with Alleviate Financial Solutions before you decide to work with them. Deb consolidation loans are not the best way to achieve financial freedom for everyone.
Alleviate Financial Solutions: What Is It?
In the United States, Alleviate Financial Solutions provides debt consolidation services. Company headquarters are located in Irvine, California, where the company was founded in 2018. Those struggling with debt can receive debt consolidation services from Alleviate Financial Solutions.
The company assists consumers in negotiating with their creditors to lower their debts. Additionally, Alleviate Financial Solutions provides consumers with educational resources and account management systems to assist them in understanding their debt and managing it appropriately.
If you decide to work with Alleviate Financial Solutions, please understand the terms of your agreement and the risks involved. If you do not take action, you may have an even worse financial situation.
How to Qualify For Alleviate Financial Solutions
To qualify for Alleviate Financial Solutions, you need to meet specific qualifications.
Alleviate Financial Solutions requires the following qualifications:
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- An income-to-debt ratio of less than 50%
- You must have at least $7500 in unsecured debt (not including mortgages or car loans)
- A minimum payment of $500 per month is required
You may be a good candidate for Alleviate Financial Solutions if you meet these requirements. You may schedule a free consultation to determine whether their services are appropriate for your needs.
How Much Does This Company Charge?
Alleviate Financial Solutions’ fees depend on the individual case, so there is no simple answer to this question. We can give you a general idea of what you can expect to pay, however.
The fee charged by Alleviate Financial Solutions for debt settlement is typically a percentage of the debt that is settled. There is usually a 15% to 20% fee associated with this service. In other words, if you have $20,000 in debt that is settled, you may expect to pay between $3000 and $4000 in fees.
Before signing up with Alleviate Financial Solutions, make sure you understand these additional costs.
Ask Alleviate Financial Solutions about all fees associated with the process if you’re considering Alleviate Financial Solutions. By doing so, you can make an informed decision regarding Alleviate Solutions.
How Does It Affect Your Credit?
You may be wondering how a performance-based fee structure will affect your credit if you are considering debt settlement as a method of getting out of debt. You should not expect an improvement in quality and performance. You may experience a negative impact on your credit score as a result.
If you settle a debt, the creditor agrees to accept less than the full amount you owe because they believe you are experiencing financial hardship. As a “settlement,” this is reported to the credit bureaus as negative information.
After debt consolidation, you may also face wage garnishment and legal action from your creditors. Be sure to weigh all the pros and cons of consolidating your debt before deciding. For more information, you may want to contact a financial advisor or credit counseling service.
How Do You Pay Back It?
The use of Alleviate Financial Solutions has some drawbacks. A major disadvantage is the need to repay the entire debt, plus fees, within a certain period. Some people may find this difficult, especially if they are struggling financially.
In addition, this type of personal loan company will negatively affect your credit score. The debt will appear on your credit report as “settled for less than the full balance.”. Nevertheless, if you are successful in paying off the debt, your credit score will eventually improve.
Some individuals may not be able to benefit from Alleviate. You may want to consider this option if you are struggling to make ends meet and are at risk of defaulting on your debt. It is important to do your research and to understand all of the potential risks before making a decision.
How To Cancel Alleviate Financial Solutions?
Upon deciding that Alleviate Financial Solutions is not the right debt settlement program for your financial situation, fiscal freedom, and financial stability, there are a few steps you need to take to cancel your enrollment.
The first step in canceling is to notify Alleviate Financial Solutions in writing of your intention to do so. If you would like to send this notice by certified mail, return the receipt requested, or deliver it in person, you can do so.
The next step is to cease making payments to Alleviate Financial Solutions. Your payment will be applied to your outstanding debt balance once you have given cancellation notice and will not be held in escrow for future settlement negotiations.
To request a refund, you must contact Alleviate Financial Solutions if you have already paid money into escrow. It can take up to 60 days for a refund to be processed.
If you have any questions or need assistance canceling your enrollment in Alleviate Financial Solutions, you can contact their customer service department directly if you have any questions or concerns.
Will Alleviate Financial Solutions Hurt Your Credit?
Is Alleviate Financial Solutions likely to damage my credit rating? Even though the process may improve your financial situation in the long run, it may still negatively impact your credit score because any debt you settle will appear on your credit report as a negative item.
Alleviate Financial Solutions Reviews
Businesses that meet the BBB’s standards of trustworthiness and transparency are accredited by the organization. BBB accreditation has been granted to Alleviate Financial Solutions since 2019. Despite this, 42 complaints have been resolved within the last three years. According to the BBB, Alleviate Financial Solutions has received multiple complaints and does not meet its standards.
There were 18 closed complaints in the last twelve months. An increase of this magnitude is even more concerning than the previous year. Before doing business with Alleviate Financial Solutions, potential customers should be aware of these complaints.
Here are some reviews:
Complaint Type: Billing/Collection Issues
Status: Answered 04/28/2022
Complaint Type: Billing/Collection Issues
Status: Answered 04/25/2022
Negative Reviews of Alleviate Financial Solutions: Why We Do Focus On Them?
In the case of any company, we encourage you to conduct your research and due diligence. If you wish to evaluate the quality of authenticity for yourself, you should pay attention to what consumers have to say in their very detailed complaints and reviews and place them side by side with the positive ones.
Alleviate Financial Solutions: Is It A Scam?
Alleviate Financial raises several red flags. As an example, the company has been accused of charging high fees for services that rarely produce results. The fees charged by debt relief companies should be kept in mind when considering debt relief. Alleviate Financial Solutions charges a fee for its services, like many other debt relief companies. Signing up for this service can be expensive, so you must know what you’re getting into.
Research alleviatefinancial.com before you decide to work with them. See if any complaints have been filed about the company in the past and read the reviews from previous clients. If you are unable to find any information online about the company, it is probably best to stay away from it.
Alleviate Financial Solutions
Alleviate Financial Solutions
Alleviate Financial Solutions Review
Alleviate Financial Solutions has been accused of charging high fees for services that rarely produce results. The fees charged by debt relief companies should be kept in mind when considering debt relief. Signing up for this service can be expensive, so you must know what you’re getting into.