There have been some claims of Clear Coast Debt Relief being a scam, but it is important to note that not all negative reviews are necessarily accurate or reflective of the financial relief company’s overall reputation. It is always important to be cautious when dealing with any financial company, but as long as individuals do their due diligence, Clear Coast Debt Relief can be a valuable resource for those struggling with debt. Ultimately, the decision to work with Clear Coast Debt Relief should be based on individual circumstances and careful consideration of the company’s services and fees.
What Debt Settlement Services Does Clear Coast Debt Relief Offer?
Clear Coast Debt Relief does offer debt settlement services as part of its debt relief program. The show freedom debt relief program aims to negotiate with creditors on behalf of the clients to settle their debts for a lower amount than what they owe. Clear Coast Debt Relief provides a free consultation to assess the client’s financial situation and customize a debt relief plan that fits their needs. The debt settlement service is available for credit card debt, medical bills, personal loans, and other unsecured debts. Clear Coast Debt Relief charges a fee for their services, but they offer a money-back guarantee if they cannot settle the client’s debts.
Frequently Asked Questions
What is Clear Coast Debt Relief and what services do they offer?
Clear Coast Debt Relief is a debt settlement company that claims to help consumers resolve their debt issues by negotiating with creditors on their behalf without attorney costs. They offer debt settlement programs and educational resources to help consumers manage their finances.
Is Clear Coast Debt Relief a legitimate company?
Yes, Clear Coast Debt Relief is a good debt relief company that is registered with the Federal Trade Commission (FTC) and has been in business since 2008.
How does Clear Coast Debt Relief work?
Clear Coast Debt Relief works by negotiating with creditors on behalf of their clients to reduce the amount of debt owed. Clients make monthly payments into a dedicated account, which is used to pay off outstanding balances through negotiated settlements with creditors.
What fees does Clear Coast Debt Relief charge?
Clear Coast Debt Relief charges a fee based on the amount of debt enrolled in their program. The fee ranges from 18% to 25% of the total debt enrolled, depending on the client’s state of residence.
Is Clear Coast Debt Relief a scam?
No, Clear Coast Debt Relief is not a scam. They are a legitimate, debt resolution and settlement company that has helped thousands of consumers resolve their debt issues.
How long does it take Clear Coast Debt Relief to settle a debt?
The timeline for settling a debt with Clear Coast Debt Relief varies depending on the amount of debt enrolled, bank account and the client’s creditors. On average, it takes between 24 and 48 months to settle all enrolled debts.
Will using Clear Coast Debt Relief hurt my credit score?
Yes, using Clear Coast Debt Relief may hurt your credit score. Debt settlement can have a negative impact on your credit score, as it involves not paying your credit card debt in full and may result in late payments or charge-offs.
Can I cancel my enrollment with Clear Coast Debt Relief?
Yes, clients can cancel their enrollment with Clear Coast Debt Relief at any time without penalty or legal fees. However, they will not receive a refund of any fees paid up to that point.
Does Clear Coast Debt Relief have any accreditations or certifications?
Clear Coast Debt Relief is a member of the American Fair Credit Council (AFCC) and is accredited by the Better Business Bureau (BBB) with an A+ rating.
How can I contact Clear Coast Debt Relief Services?
Clear Coast Debt Relief can be reached by phone at 1-888-340-4697 or through their website. They also have a live chat feature on their website for quick assistance.
1. Clear Coast Debt Relief – A legitimate debt relief company, that offers debt settlement services to consumers struggling with debt.
2. Debt Settlement – A debt relief method in which a debtor negotiates with their creditors to settle their debts for less than the full amount owed.
3. Scam – A fraudulent or deceptive scheme or operation.
4. Consumer Financial Protection Bureau (CFPB) – A government agency that regulates financial products and services in the United States.
5. Federal Trade Commission (FTC) – A government agency that enforces consumer protection laws and investigates fraudulent business practices.
6. Better Business Bureau (BBB) – A non-profit organization that rates businesses based on customer satisfaction and complaint history.
7. Debt Relief Services – Companies or organizations that offer assistance to individuals struggling with debt.
8. Debt Consolidation Loan – A debt relief method in which multiple debts are combined into one monthly payment.
9. Debt Management Plan (DMP) – A debt relief method in which a third-party organization negotiates with creditors to lower interest rates and create a repayment plan for the debtor.
10. Credit Counseling – A service provided by non-profit organizations that helps individuals manage their finances and create a budget.
11. Debt Relief Scams – Fraudulent businesses that offer debt relief services but do not provide any actual assistance to consumers.
12. Debt Relief Industry – The market of businesses and organizations that provide debt relief services to consumers.
13. Debt Settlement Companies – Companies that specialize in negotiating settlements with creditors on behalf of consumers.
14. Debt Relief Programs – Programs offered by debt relief companies that aim to help consumers become debt-free.
15. Debt Negotiation – The process of negotiating with creditors to settle a debt for less than the full amount owed.
16. Debt Relief Options – Different methods of reducing or eliminating debt, such as debt settlement or bankruptcy.
17. Debt Relief Attorney – An attorney who specializes in debt relief and can provide legal assistance to consumers struggling with debt.
18. Debt Relief Reviews – Customer reviews and feedback regarding debt relief companies and services.
19. Debt Relief Fees – The costs associated with debt relief services, such as consultation fees or settlement fees.
20. Debt Relief Success Stories – Positive experiences and outcomes from consumers who have used debt relief services to become debt-free.
21. Mortgage Lender – A financial institution or individual who provides loans to individuals or businesses to purchase real estate, with the property serving as collateral for the loan.
22. Tax Professional – A person who is knowledgeable and experienced in tax laws and regulations and provides tax-related services to individuals or businesses.