Coastal Debt Resolve Review: Is It a Scam or Legit?

Coastal Debt Resolve Review: Is It a Scam or Legit? 1

Disclosure: We receive advertising revenue from some partners. Learn More


Coastal Debt Resolve, a Fort Lauderdale-based company, has emerged as a noteworthy player in the realm of debt relief services, particularly for small businesses. This blog post aims to offer a comprehensive review of Coastal Debt Resolve, analyzing its services, customer experiences, and overall effectiveness in providing debt relief solutions. By delving into various aspects such as customer feedback, service offerings, and industry ratings, this review seeks to provide a balanced and informative perspective to assist businesses in making informed decisions about their debt relief needs.


Coastal Debt Resolve Review

Overview of Coastal Debt Resolve

Established in 2018, Coastal Debt Resolve has positioned itself as a significant player in the debt relief sector, focusing on aiding small businesses grappling with financial burdens. The company is headquartered in Fort Lauderdale, Florida, and operates under the business entity ABSM LLC. With a business model centered on offering specialized debt relief services, Coastal Debt Resolve has developed a niche in assisting companies in managing and reducing their unsecured debts, particularly high-payback debts like merchant cash advances.

Coastal Debt Resolve’s services are tailored to address the unique financial challenges faced by small businesses. These include debt restructuring, settlement strategies, and credit counseling, all designed to alleviate the financial pressures businesses face. Their approach is comprehensive, starting with an evaluation of a business’s financial situation and then devising a customized plan to mitigate debt and restore financial stability. This could involve negotiating with creditors to reduce the debt amount or restructuring existing debts for more manageable repayment.

Significantly, Coastal Debt Resolve is known for its partnership with MCA Resolve and First Colonial Business Solutions. This collaboration has enabled Coastal Debt Resolve to extend its reach and enhance its capabilities in delivering effective debt repayment plans, especially for businesses affected by the pandemic. With over 20 years of combined experience in the financial and business debt relief domains, Coastal Debt Resolve utilizes a network of 500+ local attorneys to handle legal motions, ensuring compliance with relevant laws and regulations while providing expert financial solutions​​​​.

Pros and Cons of Coastal Debt Resolve

Coastal Debt Resolve Review: Is It a Scam or Legit? 2
Photo Credit: Medallion Media Group


  1. Expertise in Debt Relief for Small Businesses: Coastal Debt Resolve specializes in helping small businesses manage and reduce unsecured debts, particularly merchant cash advances. This focus ensures they offer tailored solutions that meet the unique needs of small enterprises.
  2. Partnerships Enhancing Service Capability: The partnerships with MCA Resolve and First Colonial Business Solutions have significantly bolstered Coastal Debt Resolve’s ability to offer effective debt repayment plans. These collaborations enable them to leverage additional expertise and resources, providing more comprehensive solutions to their clients​​.
  3. Comprehensive Debt Solutions: Offering a range of services including debt restructuring, settlement strategies, and credit counseling, Coastal Debt Resolve tailors its approach to each business’s specific financial situation. This bespoke service aims to reduce overall debt and weekly payments, with a goal of achieving debt freedom for businesses within 12 months or less​​.
  4. Legal and Regulatory Compliance: The use of a nationwide attorney network ensures that all debt resolution strategies are compliant with relevant laws and regulations, providing peace of mind to clients​​.


  1. Customer Complaints and Mixed Reviews: Despite high ratings in some areas, Coastal Debt Resolve has received a mix of customer feedback. The company has faced complaints regarding issues with product/service, as noted in their BBB profile, which highlights three complaints closed in the last three years​​. Additionally, there have been instances of customers perceiving their practices as aggressive or misleading, as noted in individual reviews on platforms like ComplaintsBoard​​.
  2. Limited Business Longevity: Being a relatively new player in the industry (established in 2018), Coastal Debt Resolve doesn’t have the extensive track record of some of its more established competitors. This shorter period of operation may affect consumer confidence in their long-term reliability and effectiveness.
  3. Non-BBB Accreditation: While Coastal Debt Resolve holds an A+ rating from the Better Business Bureau, it is noteworthy that they are not BBB accredited. This lack of accreditation might concern some customers who look for such endorsements as a mark of trustworthiness and business credibility​​.

In summary, Coastal Debt Resolve’s strengths lie in its specialized services for small businesses and partnerships that enhance their debt relief capabilities. However, their relative newness in the market and the mixed nature of customer feedback present challenges that potential clients may need to consider.

Coastal Debt Resolve Products and Services

Coastal Debt Resolve Review: Is It a Scam or Legit? 3
Photo Credit: Medallion Media Group

Coastal Debt Resolve offers a range of services designed to assist small businesses in managing and overcoming their debt challenges. Understanding the intricacies of business finance, the company’s services are tailored to address various forms of debt that can burden a business. Here’s a closer look at their offerings:

Ads Powered By Medallion

See If You Qualify for
Debt Consolidation in
  30 Seconds

  1. Debt Restructuring: This service involves modifying the terms of the existing debt to make it more manageable for the business. It can include negotiating lower interest rates or extending the repayment period, ultimately aiming to reduce the monthly financial burden on the business.
  2. Debt Settlement: One of the primary services offered by Coastal Debt Resolve is negotiating with creditors to settle debts for a fraction of the owed amount. This process can lead to significant reductions in the total debt, providing businesses with a more achievable path to becoming debt-free. Their skilled negotiators work directly with creditors, aiming for mutually acceptable settlements​​.
  3. Credit Counseling: For businesses needing guidance on managing their finances better, Coastal Debt Resolve offers credit counseling services. This can include advising on budgeting, cash flow management, and strategies to avoid accruing additional debt.
  4. Emergency Debt Relief: Recognizing that some businesses may face urgent financial crises, Coastal Debt Resolve provides emergency debt relief services. This is geared towards swiftly identifying and implementing a debt solution that aligns with the business’s immediate financial needs​​.
  5. Handling Various Types of Business Debt: Coastal Debt Resolve is equipped to deal with a variety of debt types, including merchant cash advances, business credit card debt, vendor debt, and operational expenses. This broad scope of service is beneficial for businesses with diverse debt portfolios​​.
  6. Legal and Regulatory Guidance: Through their network of legal professionals, Coastal Debt Resolve ensures that all debt resolution strategies are compliant with relevant laws and regulations. This legal expertise is critical in navigating the complexities of debt settlement and restructuring.
  7. Personalized Debt Solutions: Emphasizing a tailored approach, the company assesses each business’s unique financial situation before recommending a specific debt relief strategy. This personalized service ensures that the solutions provided are best suited to the business’s specific needs and circumstances.

Through these comprehensive services, Coastal Debt Resolve aims to reduce the overall debt burden of businesses, improve their cash flow, and guide them towards financial freedom. Their focus on custom solutions reflects an understanding that each business’s financial situation is unique, necessitating a bespoke approach to debt relief.

Customer Reviews and Experiences

Coastal Debt Resolve Review: Is It a Scam or Legit? 4
Photo Credit: Medallion Media Group

When considering a service like Coastal Debt Resolve, customer reviews and experiences offer valuable insights into the company’s effectiveness, customer service quality, and overall trustworthiness. Analyzing the feedback from various platforms gives us a clearer picture of what clients can expect.

  1. BBB Customer Reviews and Complaints: Coastal Debt Resolve has an A+ rating from the Better Business Bureau (BBB), but it is important to note that it is not BBB accredited. They have an average customer review rating of 5/5 stars based on 10 reviews, which suggests a high level of customer satisfaction. However, they have also had 3 customer complaints closed in the last 3 years, indicating some level of dissatisfaction or issues encountered by clients. These complaints mainly revolve around problems with the product or service offered​​.
  2. ComplaintsBoard Feedback: On ComplaintsBoard, a review suggests that Coastal Debt Solutions LLC (possibly an associated or previous name) is mostly legitimate, with a 77% trust score. However, a resolve complaints rating below 0% indicates caution is advised. The platform also mentions a customer experience where the individual felt that it was a scam, leading them to cancel their card and contact their bank. This sort of feedback highlights the need for potential customers to be cautious and thoroughly research the company before engaging in any service​​.
  3. Overall Themes in Feedback: Common themes in the reviews include appreciations for the debt relief solutions provided, with some customers highlighting significant reductions in their debt obligations. On the flip side, there are concerns about aggressive marketing tactics and some dissatisfaction with the services rendered.
  4. Diversity in Experiences: It’s evident from the reviews that experiences with Coastal Debt Resolve vary significantly among customers. While some have had positive outcomes, others have faced challenges or felt misled. This variation in experiences underscores the importance of potential clients doing their due diligence and possibly seeking multiple consultations before deciding to engage with the company.

In conclusion, while Coastal Debt Resolve has received commendable reviews in some instances, the mixed nature of customer experiences and complaints warrants a careful and informed approach by businesses considering their services. Potential clients should weigh the positive reviews against the negative reviews and complaints to make a balanced decision.

BBB and Trustpilot Ratings

Coastal Debt Resolve Review: Is It a Scam or Legit? 5
Photo Credit: Medallion Media Group

Evaluating Coastal Debt Resolve’s reputation through the lens of Better Business Bureau (BBB) and Trustpilot ratings provides insights into their credibility and customer satisfaction levels. These platforms are critical for consumers seeking unbiased reviews and ratings.

  1. Better Business Bureau (BBB) Rating and Accreditation:
    • Coastal Debt Resolve holds an A+ rating from the BBB, which is a positive indicator of their business practices. The BBB rating system evaluates businesses based on factors like complaint history, transparency, and business practices.
    • It’s important to note, however, that Coastal Debt Resolve is not BBB accredited. Accreditation by the BBB signifies a commitment to customer service and ethical business practices. The absence of this accreditation does not necessarily imply poor standards but may influence consumer perception.
    • Customer Reviews: The company has received an average customer review rating of 5/5 stars on BBB, based on 10 reviews. This suggests a high level of customer satisfaction with their services.
    • Customer Complaints: Coastal Debt Resolve has had 3 customer complaints closed in the last 3 years, primarily related to product or service issues. These complaints give insight into potential areas where the company could improve​​.
  2. Trustpilot Ratings:
    • Trustpilot ratings for Coastal Debt Resolve are not explicitly mentioned in the sources reviewed. Trustpilot is another prominent platform where customers share their experiences and rate companies. The absence of data from Trustpilot in this case means we cannot draw conclusions from this platform regarding Coastal Debt Resolve’s customer satisfaction or service quality.

In summary, the BBB rating and customer reviews for Coastal Debt Resolve are generally positive, indicating a level of trust and satisfaction among their clients. However, the lack of BBB accreditation and the presence of some customer complaints highlight areas where the company could potentially improve its services or customer communication. As Trustpilot ratings were not available in the reviewed sources, prospective clients are encouraged to seek additional reviews and ratings from other platforms to get a comprehensive view of the company’s reputation.

Cost and Value for Money

debt free life excellent service consumer rights financial information
Photo Credit: Medallion Media Group

Assessing the cost and value for money of Coastal Debt Resolve’s services is crucial for businesses considering their debt relief solutions. While specific pricing details are not explicitly provided in the available sources, we can analyze the general aspects of cost and value in debt relief services.

  1. Cost Structure in Debt Relief Services:
    • Typically, debt relief companies charge fees based on the amount of debt they manage or settle for a client. This can be a percentage of the total debt or a percentage of the amount saved through their negotiations.
    • Coastal Debt Resolve likely follows a similar model, where the fees are contingent on the amount of debt handled or the savings achieved for the client.
  2. Value for Money Considerations:
    • The value for money in debt relief services is measured by the amount of debt reduction achieved versus the fees charged. A significant reduction in debt can justify the cost of the service, especially if it helps a business avoid bankruptcy or severe financial distress.
    • Coastal Debt Resolve’s services, such as debt restructuring and settlement, are designed to reduce a business’s overall debt burden, which can provide substantial financial relief and potentially offer good value for money.
    • It’s essential for businesses to carefully consider the cost of these services against the potential savings and financial goals they can gain.
  3. Evaluating Service Effectiveness:
    • When assessing the cost-effectiveness of a debt relief service, it’s important to look at the company’s track record. Coastal Debt Resolve’s success in reducing clients’ debts and the positive reviews in this aspect can be an indicator of their effectiveness.
    • However, businesses should also be wary of any potential additional costs or fees and ensure they understand the entire fee structure before engaging in services.

In conclusion, while specific cost details for Coastal Debt Resolve’s services are not readily available, the general principle in the industry is that the cost is often proportional to the amount of debt managed. The value for money should be assessed based on the amount of debt reduction achieved and the potential financial relief provided. Businesses should conduct thorough research and possibly seek consultations to understand the full cost implications before committing to any debt relief service.


Coastal Debt Resolve presents itself as a viable option for small businesses seeking debt relief solutions. With its specialized services in debt restructuring and settlement, and the added strengths from partnerships with MCA Resolve and First Colonial Business Solutions, it offers comprehensive support for businesses struggling with financial burdens​​​​. While the company enjoys positive customer feedback and an A+ rating from the BBB, potential clients should also consider the mixed nature of customer experiences and the absence of BBB accreditation in their decision-making process​​​​. Ultimately, businesses seeking Coastal Debt Resolve’s services should weigh the potential benefits against the costs and conduct thorough research to ensure that their specific needs will be met effectively.

See If You Qualify for Credit Card Relief

See how much you can save every month — plus get an estimate of time savings and total savings — with your very own personalized plan.


Frequently Asked Questions

How can small businesses effectively manage their debt? Managing debt for small businesses involves several strategies such as restructuring current debt, negotiating better terms with creditors, prioritizing debts based on interest rates and urgency, and seeking professional advice for debt settlement or consolidation.

What are the typical signs that a business needs debt relief services? Signs that a business may need debt relief services include struggling to meet minimum debt payments, facing constant cash flow issues, borrowing to pay off other debts, and experiencing increased stress over financial obligations.

How does debt restructuring benefit a business? Debt restructuring can provide businesses with lower interest rates, extended repayment terms, and potentially reduced overall debt. This can lead to improved cash flow, making it easier to manage operational expenses and invest in growth opportunities.

Is it possible to negotiate with creditors for better debt terms? Yes, businesses can negotiate with creditors for better terms. This might include requesting lower interest rates, extended payment schedules, or even debt settlement for less than the owed amount. However, negotiation often requires a solid understanding of financial positioning and negotiation skills.

What should businesses consider before choosing a debt relief service? Before choosing a debt relief service, businesses should consider the service’s track record, customer reviews, fee structure, and the range of solutions offered. It’s also important to verify the legitimacy and accreditation of the service provider.

Leave a Reply

Your email address will not be published. Required fields are marked *