Pacific Debt Relief works with clients to settle most types of unsecured debts, including:
- Credit card debts.
- Personal loan debts.
- Medical bills.
- Collections and repossessions.
- Payday loans.
- Business debts.
- Some student loans.
You will start by either applying for the Pacific Debt Relief program online or calling 800-909-9893 for a free consultation. Pacific Debt Relief will use a soft credit pull to develop a clearer picture of your financial situation, including types of debt and how much you owe.
If you enroll in the program, you will stop paying specific creditors and start making monthly deposits to a special purpose savings account in your name. Pacific Debt Relief will begin negotiating with creditors, and when you have enough money in your account and a creditor agrees to a settlement, you will pay off that bill. This process can take 24 to 48 months.
Your credit score will likely drop as you stop paying bills, and your forgiven debts could lead to owing Uncle Sam. Speak to a tax professional before you proceed with the settlement program.
Pacific Debt Relief does not charge upfront fees, and service fees range from 15% to 25% based on the amount of your debt and your state. Fees are rolled into your monthly payment and kick in only when you start to see results.
You will need to have at least $10,000 in unsecured debts to work with Pacific Debt Relief. The company cannot help with debts from lawsuits or judgments, IRS debts, auto or government loans, and mortgages or other secured debts.
No minimum credit score is required to enroll with Pacific Debt Relief. Note that your credit rating may be negatively affected by the program.
The effect could be significant because accounts enrolled in the program will generally be reported as delinquent until Pacific Debt Relief can obtain a settlement. If maintaining a high credit score is a priority, then debt settlement may not be right for you.
Pacific Debt Relief operates in 36 states and the District of Columbia. Check the Pacific Debt Relief website for the most up-to-date listing of states where the company is licensed to do business.
Pacific Debt Relief has an A+ rating with the Better Business Bureau and an excellent rating of 4.8 out of 5 stars from Trustpilot based on more than 1,200 customer reviews. Also, Pacific Debt Relief is accredited by the International Association of Professional Debt Arbitrators.
Contact Pacific Debt Relief by phone or email if you need help.
If you haven’t enrolled in the program, call 833-865-2028 from 6 a.m. to 6 p.m. Pacific Time Monday through Thursday, from 6 a.m. to 4:30 p.m. PT on Friday, or 7:30 a.m. to 4:30 p.m. PT on Saturday. You can also email inquiries@pacificdebt.com.
Pacific Debt Relief clients who need support should call 877-722-3328 during the same days and times. Reach out by email at cs@pacificdebt.com.
You can also contact the company directly online at pacificdebt.com. Navigate to the Company tab and from the drop-down menu, select Contact Pacific Debt. Below the map and on the right side of the page, complete the box titled Send Pacific Debt a Message and then click Send Message.
Use Pacific Debt Relief’s website to:
- Apply for the debt settlement program.
- Determine the interest you will pay if you only make minimum payments on your debts.
- Access educational resources on topics such as bankruptcy, budgeting, credit scores and credit cards, and debt relief.
- Request a free consultation.
- Watch video testimonials from clients.
- People who have at least $10,000 in unsecured debts and are struggling to repay them.
- People who want to work with a debt specialist to reduce outstanding debts.
- People who are more concerned about getting rid of debt than improving their credit score.
Pros:
- May help reduce the debt you owe.
- Gives you an actionable plan for moving forward.
- Could help you avoid bankruptcy.
Cons:
- Can damage your credit due to withheld debt payments.
- May end up costing more than paying debt off on your own.
- Forgiven debt could be taxable income.