Credit Associates Review: A Scam or a Savior?

Credit Associates Review

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Credit Associates is a widely recognized name in the debt settlement industry. With bold promises of helping consumers eliminate debt in as little as 24-36 months, the company has aroused curiosity, interest, and a fair share of skepticism. That’s why we’ve created this comprehensive Credit Associates review, to help you determine whether this company is a scam or a savior.


Credit Associates Review: A Scam or a Savior? 1

Understanding Credit Associates

Credit Associates is a debt settlement company that has been in operation since 2006. They claim to offer a lifeline to consumers struggling with unmanageable debt, providing services that include negotiating with creditors to lower the total debt owed.

Their process begins with a free consultation, where a debt consultant reviews the client’s financial situation. If the client qualifies, they are enrolled in a debt settlement program where they make monthly payments into a dedicated savings account. Once enough funds have accumulated, Credit Associates negotiates with the client’s creditors to settle the debt for less than the full amount owed.

The Debate: Scam or Savior

There are arguments on both sides of the fence. Critics argue that Credit Associates uses high-pressure sales tactics, makes unrealistic promises, and charges exorbitant fees. They also point to the fact that not all clients are successful in reducing their debt.

On the other side, proponents of Credit Associates argue that the company provides a valuable service to those drowning in debt. They assert that the company’s negotiations can result in significant savings and that their services provide a structured, manageable way for consumers to pay off their debts.

Customer Reviews

Reviews of Credit Associates from customers are mixed. Some clients claim that the company is a scam, citing poor customer service, lack of transparency, and failure to deliver on promised debt reductions. Others praise the company as a savior, sharing stories of substantial debt reductions and improved financial situations. In general, reviews seem to be polarized, with little middle ground between the extremely satisfied and the extremely dissatisfied.

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Credit Associates Operations

Credit Associates operates by negotiating with creditors on behalf of their clients. The time it takes to see results varies greatly and is largely dependent on the client’s ability to make monthly payments into their dedicated savings account. The company’s fees are based on the amount of debt enrolled in the program and typically range from 18% to 25% of that amount.

Comparison with Other Debt Settlement Companies

Compared to other debt settlement companies, Credit Associates advertises more aggressive time frames for debt elimination. They also tend to charge slightly higher fees. Their customer service, according to customer reviews, seems to be a hit or miss.

Expert Opinions

Financial experts generally caution against using debt settlement companies, Credit Associates included. They argue that these companies’ business models, which involve stopping payments to creditors and letting debts go into default to force settlements, can have severe negative impacts on consumers’ credit scores.

Tips for Potential Users of Credit Associates

Potential clients should be aware that success with Credit Associates is not guaranteed. It’s critical to understand the full implications of enrolling in their program, including the potential for lawsuits from creditors and damage to your credit score. To get the most out of their services, clients should stay in regular contact with the company and keep a close eye on their program progress.


In conclusion, labeling Credit Associates as a scam or a savior is not as simple as it seems. While there are certainly customers who have had negative experiences, there are also many who credit the company with helping them navigate out of crippling debt.

Our final verdict? Credit Associates offers a service that may be beneficial to some, but it’s not a one-size-fits-all solution. We recommend thoroughly researching and considering all options before deciding to enroll in their program.

Frequently Asked Questions

Credit Associates Review: A Scam or a Savior? 2

What is Credit Associates?

Credit Associates is a debt settlement company that negotiates with creditors on behalf of its clients to reduce the amount of debt they owe.

Is Credit Associates a scam?

Many reviews suggest that Credit Associates is a legitimate company that has helped many people reduce their debt. However, like any company, they have received a mixture of positive and negative reviews.

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What kind of debt does Credit Associates handle?

Credit Associates primarily deals with unsecured debt, such as credit card debt, medical bills, and personal loans.

How long does the debt settlement process take with Credit Associates?

The length of the debt settlement process varies depending on the client’s specific circumstances, but it typically takes between 24 to 36 months.

Does Credit Associates charge upfront fees?

No, Credit Associates does not charge any upfront fees. They only charge a fee once they’ve successfully negotiated a debt reduction for you.

Are there any negative reviews about Credit Associates?

Yes, there are some negative reviews about Credit Associates. Some customers have complained about poor customer service, while others have said that the company was unable to negotiate their debt as much as they had hoped.

How does Credit Associates compare to other debt settlement companies?

Credit Associates generally has positive reviews and is considered one of the top debt settlement companies. However, it’s always a good idea to compare multiple options before choosing a debt settlement company.

What is the average debt reduction that Credit Associates achieves for its clients?

Based on customer reviews, the average debt reduction achieved by Credit Associates is around 50%, although this can vary depending on the client’s specific circumstances.

Are there any risks associated with using Credit Associates?

As with any debt settlement company, there are risks involved. These can include damage to your credit score, potential tax implications, and the possibility that creditors may not agree to a settlement.

Does working with Credit Associates guarantee that my debt will be reduced?

No, working with Credit Associates or any other debt settlement company does not guarantee that your debt will be reduced. The company will negotiate on your behalf, but it is ultimately up to your creditors whether they agree to a settlement.


  1. Credit Associates: A debt settlement company that negotiates with creditors to lower the total amount of debt owed by a client.
  2. Debt Settlement: The process of negotiating with creditors to reduce the overall amount of debt owed.
  3. Creditors: Banks, credit card companies, or other entities to whom money is owed.
  4. Scam: A fraudulent scheme performed by a dishonest individual, group, or company in an attempt obtain money or something else of value.
  5. Savior: In the context of this blog post, a savior is a solution or service that can greatly help or rescue someone from a difficult financial situation.
  6. Credit Score: A numerical expression based on a level analysis of a person’s credit files, to represent the creditworthiness of an individual.
  7. Debt Relief: The reorganization of debt in any shape or form, so as to provide the indebted party with a measure of relief.
  8. Collection Agencies: Companies that creditors contract to collect money that is owed on delinquent accounts.
  9. Bankruptcy: A legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
  10. Interest Rates: The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
  11. Financial Hardship: A situation where a debtor cannot meet the repayment obligations for their debts.
  12. Unsecured Debt: A type of debt that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation.
  13. Secured Debt: A debt backed or secured by collateral to reduce the risk associated with lending.
  14. Debt Negotiation: An approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
  15. Fair Debt Collection Practices Act (FDCPA): A federal law that limits the behavior and actions of third-party debt collectors who are attempting to collect debts on behalf of another person or entity.
  16. Credit Counseling: A type of advice-giving provided by professional counselors regarding how to manage debt and credit issues.
  17. Debt Consolidation: The process of combining several loans or liabilities into one loan.
  18. Debt Management Plan (DMP): A repayment plan that helps borrowers pay off their outstanding debts by combining their debts into one monthly payment.
  19. Monthly Installments: Regular, fixed payments that a borrower agrees to make to a lender.
  20. Financial Stability: A state in which a person or household can comfortably meet their current financial obligations and have the financial freedom to make choices that allow them to enjoy life.
  21. Debt relief company: A debt relief company is a business that offers services to help people reduce or eliminate their debts.
  22. Business debt: Business debt refers to the money borrowed by a company to finance its operations, purchase equipment, expand the business, or cover other expenses.
  23. Debt relief companies: Debt relief companies are firms that offer services to help individuals manage, reduce or eliminate their debt.

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