Pacific Debt Relief vs Monevo: What’s The Best Option?

Pacific Debt Relief vs Monevo: What's The Best Option? 1

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You can use this comparison of Pacific Debt Relief vs. Monevo to make an informed decision, regardless of whether you need a personal loan or to settle your debt.


Pacific Debt Relief Review: Why Are They Ranked #1?

Pacific Debt Relief Inc

As a debt relief company, Pacific Debt Relief has helped thousands of people reduce their unsecured debts since 2002. They have received an A+ rating from the Better Business Bureau and have helped thousands of people resolve their debt problems. Pacific Debt Relief is a scam? We will examine Pacific Debt Relief’s history, services, and fees to determine if it is a suitable company.

Among the debt consolidation services offered by the debt settlement company are the consolidation of credit cards, medical bills, personal loans, student loans, and more. As soon as you enroll in their debt consolidation program, your creditors will be contacted to negotiate a lower interest rate and monthly payment with your creditors. Their debt counselors will work with you to develop a financial plan that meets your needs. If you are having difficulty making payments, they will work with you to find a solution.

There is an essential difference between Pacific Debt and other debt consolidation companies. Pacific Debt has helped thousands of clients pay off their unsecured debt over the past 20 years. Pacific Debt has been in business for over twenty years.

Moreover, Pacific Debt Relief charges a fee, initially $49 for the setup fee and $39 per month for the debt counseling services. There are no upfront costs or hidden costs.

Many debt consolidation companies have emerged in recent years. However, not all of them are legitimate. Pacific Debt Relief can help you reduce your unsecured debt.

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  • Consultation is free of charge, and there are no upfront costs
  • It is possible to save up to 35% after fees
  • Monitoring of your account online


  • You are rushed into making a decision by the staff
  • Fees can result in consumers losing 15% of their savings
  • Pacific Debt’s relief program is only available in states where the company operates.

What Is Pacific Debt Relief?

It is often difficult to know where to turn or how to escape from the mountain of debts and payments in terms of debt relief. The firm has assisted 30,000 clients in settling or resolving over $1 billion in outstanding debts through negotiation, settlement, or bankruptcy. They have also helped thousands of people overcome their credit card and medical debts.

Consumers struggling to make minimum payments may find debt settlement a good option as a debt settlement company can negotiate with your creditors to reduce your debt balance and monthly payments.

There are many reasons why a debtor may require debt relief. Perhaps they have lost their jobs and cannot meet their financial obligations. 

The company has an 85% success rate, so you can be sure they will do everything they can to assist you.

How Does Pacific Debt Relief Work?

Pacific Debt Relief vs Monevo: What's The Best Option? 2

Pacific Debt Relief offers debt consolidation loans to help people reduce their credit card debt and avoid future debt. The company negotiates with its creditors to lower their interest rates and monthly payments.

Pacific Debt Relief has helped many people consolidate credit card debt with unsecured loans and become debt-free.

Pacific Debt Summary

  • Memberships: American Fair Credit Council, Better Business Bureau, Consumer Affairs, International Association of Professional Debt Arbitrators
  • You may contact a customer service representative by phone or online for a free consultation
  • States charge different fees. Fees range from 15% to 25% of the total debt enrolled.
  • Support via email or telephone
  • There will be no exceptions to the acceptance of unsecured debt. Consumer finance loans, payday loans, legal judgments, and medical debts not already in collections will not be accepted.
  • Debt management blog with informative content
  • There are only 25 states where Pacific Debt is available
  • Debt settlement through direct negotiation
  • A+ rating from the Better Business Bureau and a 9.3 rating from Trustpilot
  • The turnaround time is 24 to 48 months

What Kind Of Loans Does Pacific Debt Relief Offer?

If you wish to consolidate your debt and invest in your home equity to get out of debt, is the website for you. They offer a variety of loans to tailor a debt relief solution that suits your specific needs.

Using Pacific Debt Relief’s network of creditors, Pacific Debt Relief can negotiate lower interest rates and monthly payments on your behalf, saving you money each month.

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.


This type of loan may allow you to pay off your debt and start anew. Home equity loans can save you money on interest payments compared to credit cards or personal loans.

No matter what your financial situation is, Pacific Debt Relief may be able to assist you.

How To Qualify For Pacific Debt Relief

If you have debt problems and need assistance getting back on track, a debt relief company could be a good option for you. Pacific Debt Relief’s eligibility requirements can be found below.

In order to qualify for a debt consolidation loan through Pacific Debt Relief, applicants must have a minimum of $10,000 in debt and a maximum of $100,000 in debt.

The process of reducing your debt is straightforward. Unlike other debt relief companies, Pacific Debt Relief offers debt relief loans to those who meet the criteria.

How To Sign Up With Pacific Debt

In order to determine if you are a good candidate for the debt settlement program, a certified debt specialist will ask you about your financial situation.

If you would like a free consultation with Pacific Debt, please follow these steps:

  • Visit Pacific Debt Inc.’s website
  • For a free debt consultation, click on Free Consultation
  • When you have selected the amount of your debt, click on the See Savings button
  • It is up to you to determine how far behind you are
  • Select your state
  • Provide all of your contact information

How Much Does It Cost To Use Pacific Debt?

If you have $10,000 in debt, you will pay between $1,500 and $2,500, depending on your repayment plan.

Pacific Debt does not charge any upfront fees for its services. If you are looking for debt settlement services without hidden costs or surprises, Pacific Debt may be the best option for you.

How Much Could You Save With Pacific Debt Relief?

You could save a lot of money if you choose Pacific Debt Relief. They offer an average savings of 50% on their debt consolidation services.

Pacific Debt Relief usually saves between 15% and 35% after fees are taken into account. If you are looking to save the most money, Pacific Debt Relief might not be the best option. If, however, you are willing to sacrifice some potential savings in favor of the convenience of working with a reputable company, Pacific Debt Relief could be an option for you.

What Is The Minimum Credit Score For A Pacific Debt Relief Loan?

To qualify for a Pacific Debt Relief loan, you will need a credit score of at least 660. However, they may be able to work with you if you have a credit score below 660. Their loans have low interest rates and flexible repayment terms.

How Long Does It Take For The Pacific Debt Relief Program To Begin Resolving Your Debt?

By using Pacific Debt Relief, you can eliminate your debt quickly and easily. They work with your creditors to negotiate a debt consolidation loan, so you can pay off your debt completely.

In order to resolve your debts within 12 to 36 months, they will collaborate with you to create a budget and payment plan tailored to your unique financial situation. Your creditors may be able to negotiate a lower interest rate or monthly payment if you are having difficulty paying off your credit card debt.

How Does Pacific Debt Relief Affect Your Credit?

Your credit score can be adversely affected by debt relief. However, you might not be aware of the direct impact Pacific Debt Relief has on your credit score.

In the event that you decide to enroll in a debt relief program, Pacific Debt Relief will negotiate on your behalf with your creditors in order to reduce your monthly payments and interest rates.

Upon your creditors’ acceptance of your debt settlement offer, you will be required to make monthly payments to them instead of directly to them. They will hold onto these payments until sufficient funds have been collected to repay your debt.

If you settle your debts, your credit score will suffer. However, settling your debts is still a better option than declaring bankruptcy.

How To Use Pacific Debt Relief’s Website

Below are some tips for making the most of Pacific Debt Relief’s website.

It will be possible to determine how much money you can save if you use the “Calculate Your Savings” tool.

The next step is to review Pacific Debt Relief’s “Success Stories” section. Seeing real-life examples of Pacific Debt Relief’s work is an invaluable learning experience.

Last but not least, if you have any questions concerning debt settlement or Pacific Debt Relief, please refer to the “Frequently Asked Questions” section.

You will be well on your way to debt relief in just a few easy steps.

Pacific Debt Relief BBB review

The BBB rating and complaints history of Pacific Debt Relief may be an important consideration if you are contemplating Pacific Debt Relief as a solution to your debt issues. Here is a brief summary of Pacific Debt Relief’s BBB rating and complaints history.

The Better Business Bureau has accredited Pacific Debt Relief since 2010 and has given it a rating of A+. It has closed three complaints in the past three years and only one in the previous 12 months. Although this is not a perfect record, it does indicate that they are generally responsive to complaints lodged against them.

The BBB rating of Pacific Debt Relief can provide you with some insight into the company. It may be a good idea to consider hiring Pacific Debt Relief to help you improve your financial situation. You can gain an understanding of their customer service approach by reviewing their complaints history.

Is Pacific Debt Relief Legit?

The legitimacy of this company has been questioned by many. Many are wondering whether this company is capable of settling millions of dollars in consumer debt each month.

They have been around for over 20 years, and their Better Business Bureau rating is A+. Pacific Debt Relief is a legitimate company that has helped thousands of people overcome debt.

They only cover half of the states, and you may not get the best deal. You might find a company that offers a lower interest rate or fee.

Despite this, Pacific Debt Relief is a legitimate debt relief company that can assist you in getting out of debt.

Monevo Review: A Personal Loan Marketplace with Awards

Pacific Debt Relief Vs Monevo

As the largest personal loan marketplace in Europe, Monevo enables consumers to find the best rates from a variety of lenders. Based in San Diego, California, Monevo offers low rates and rapid approvals.

Monevo Loan Fast Facts

Loan amounts can range from $500 to $100,000, depending on the amount of the loan

The APR ranges from 3.49% to 35.99%

It does not matter what your credit score is

  • Unsecured personal loans with fixed interest rates
  • The terms range from 3 months to 7 years
  • Direct lender or marketplace:  Marketplace
  • Depending on the lender, turnaround time may vary
  • People who are looking for a good deal should consider it

Monevo Pros & Cons

Pacific Debt Relief vs Monevo: What's The Best Option? 3


  • The amount of the loan varies
  • The form is easy to use
  • Credit scores are not affected by Monevo’s online form.
  • The company is transparent and upfront with its partners.
  • According to the Sunday Times Tech Track 100, it was named the fastest-growing financial technology company in the UK in 2013 and was awarded the Queen’s Awards for Enterprise in Innovation in 2017.


  • The company does not have a large number of lending partners.
  • Lenders will contact you frequently.
  • Underwriting methods

Monevo Cost Of Loan

Monevo works with a variety of lenders, so loan costs, interest rates, penalties, and fees may vary. For an accurate estimate of the cost of your loan, you should contact your preferred lender directly. Monevo’s lenders typically offer interest rates ranging from 3.49% to 35.99%, depending on the borrower’s credit profile.

Monevo Qualification

Pacific Debt Relief vs Monevo: What's The Best Option? 4

In order to begin, you must meet the following criteria:

  • There is a minimum age requirement of 18 years old
  • A bank account is required
  • Citizen or resident of the United States
  • It is necessary to have a credit score of at least 450

To apply for Monevo, you must also have access to the following information:

  • Pre-tax income
  • Social Security number
  • Credit score

You will be guided through the following steps once you have met all the requirements for getting started with Monevo:

  • You must enter your credit score, loan amount, and loan purpose.
  • Your social security number, as well as your annual income, will be required.
  • It is necessary to accept the terms and conditions of Monevo.
  • If you click on “Get Your Results,” you will be able to submit your form.

If you proceed with the service, they will find a suitable partner within their network. If you are approved in one day, you will receive your funds in seven days.

Monevo Reviews And Ratings

The Better Business Bureau has given Monevo an A+ rating

Based on 249 verified reviews, Monevo has achieved a Gold Trusted Service Award from Feefo, earning a very respectable rating of 4.5 out of 5. Most complaints are attributed to people not being able to contact a lender or being matched with lenders but not finding an appropriate one.

Is Monevo Legit? Remember This…

  • Your credit score will not be affected when using Monevo to connect with lenders. However, your lender will eventually perform a credit check, temporarily lowering your credit score.
  • Applicants who are concerned about the security of their personal information should consider applying directly to the lender of their choice.
  • There is an online marketplace for personal loans that you can use to find and compare lenders and find one that is suitable for you. They are not a lender; they are a marketplace that helps you find and compare lenders.
  • After approval, you will receive your funds within seven business days. Depending on the lender, it may take as little as one business day, but sometimes it may take longer.
  • The lender will provide you with a repayment schedule and any additional fees you may be required to pay.
  • Feel free to contact your lender with any questions you may have.
  • Around the world, they have significant technology partners.

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