- 1 Alleviate Financial Solutions Pros and Cons
- 2 How does Alleviate Financial Solutions work?
- 3 What is Alleviate Financial Solutions?
- 4 How to qualify for Alleviate Financial Solutions?
- 5 How much does Alleviate Financial Solutions charge?
- 6 How does Alleviate Financial Solutions affect your credit?
- 7 How do you pay back Alleviate Financial Solutions?
- 8 How to cancel your Alleviate Financial Solutions Reviews?
- 9 Alleviate Financial Solutions BBB Reviews
- 10 Alleviate Financial Solutions Review – Advise Caution
Having trouble paying your bills each month? Feeling overwhelmed by your debt? Do you have true financial hardships? If so, then Alleviate Financial Solutions may be a solution that you should consider as a means of getting help. The company Alleviate Financial Solutions offers debt relief services, and they have been on the rise in recent years. However, does Alleviate Financial Solutions really exist, or is it just a scam? This Alleviate Financial Solutions review will help you decide if its services are right for you.
There are many negative reviews on Alleviate Financial Solutions, but the company claims to have helped many people get back on track with their finances. Alleviate Financial Solutions is a debt consolidation company that was founded in 2018. Alleviate Financial Solutions has been criticized for not delivering on its promises, and it’s been called a scam. But what’s the truth?
Although Alleviate Financial Solutions has both positive and negative reviews, it’s important to remember that not every company is perfect, and even legitimate ones can make mistakes sometimes. Don’t be afraid to do your research and make sure you understand Alleviate’s terms if you’re considering their services.
Alleviate Financial Solutions Pros and Cons
A good tip for anyone thinking about using alleviatefinancial.com is to be aware that this company has more cons than pros. Their bait-and-switch tactics and accusations are well-documented, and the company has a lot of negative reviews online. Also, the customer service is alleged to be bad.
If you are seeking financial assistance, there are a few other options out there that you can look into besides Alleviate Financial Solutions.
How does Alleviate Financial Solutions work?
With Alleviate Financial Solutions, you will be able to get your debt settled with your creditors by signing a settlement agreement for less than you owe on your credit card debt. It may seem like a great solution to your debt problems, but you have to be aware that there are some risks involved. The company claims that in this industry-leading service area, they have designed their fee structure and account management systems according to consumer needs.
A major risk you face is that, after paying off your debt, you may end up owing more money than you originally owed. There is a possibility that the creditor will agree to settle your debt for less than what you owe, but they will still report the full amount of debt to the credit bureaus. Consequently, you may still suffer a negative impact on your credit score.
In addition to this, you should also be aware that you could be sued by your creditor. If this happens, you may end up having to pay more than you originally owed, as well as interest and fees.
As you consider whether to work with Alleviate Financial Solutions, be sure to review the risks involved. Debt consolidation loans as a means of achieving financial freedom are not suitable for everyone.
What is Alleviate Financial Solutions?
It is the company’s intention to provide debt consolidation services to consumers throughout the United States. The company was founded in 2018 and is based in Irvine, California. Its purpose is to help consumers who are struggling with debt by offering them debt consolidation services.
With the help of Alleviate Financial Solutions, consumers are able to negotiate with their creditors to lower the amount of debt they owe. The company also develops educational resources and account management systems to help consumers understand what debt is and how to manage it.
There are a number of risks associated with working with Alleviate Financial Solutions and you need to be aware of them before making a decision. If you do not understand these risks, you may be in a worse financial situation than when you started.
How to qualify for Alleviate Financial Solutions?
Alleviate Financial Solutions has a wide range of qualifications that can be found below.
If you are interested in Alleviate Financial Solutions, you need to meet the following requirements:
- You should have a debt-to-income ratio of no more than 50%
- It is recommended that you have at least $7500 in unsecured debt, which does not include mortgages or car loans.
- You must be able to make monthly payments of at least $500 per month in order to qualify
Regardless of whether you meet these qualifications or not, Alleviate Financial Solutions may be able to help you. They offer a free consultation to see if their services are right for you.
How much does Alleviate Financial Solutions charge?
It is difficult to answer this question precisely because Alleviate Financial Solutions’ fees vary depending on the particular circumstances of each case. However, we can give you a rough estimate of what you can expect to pay if you hire them.
There are usually a set of fees that Alleviate Financial Solutions charges as part of the debt settlement process. These fees are typically between 15% and 20% of the settled debt. For example, if you owe $20,000 in debt and the debt is settled, you can expect to pay between $3000 and $4000 as part of the debt settlement process.
Despite the fact that these additional costs can quickly add up, it’s important that you are aware of them before you choose to work with Alleviate Financial Solutions.
Whenever you are considering Alleviate Financial Solutions, be sure to ask about all of the fees associated with the process. By doing this, you can make an informed decision about whether Alleviate Solutions will be right for you.
How does Alleviate Financial Solutions affect your credit?
If you are considering debt settlement as a way to get out of debt, you may be wondering how a performance-based fee structure may impact your credit score and your credit report. Don’t expect performance and quality improvements. In fact, it may have a negative impact on your credit report.
In a debt settlement, the creditor agrees to accept less than the entire amount you owe because they believe you are in a very difficult financial situation. This is reported to the credit bureaus as a “settlement” and is considered a negative entry on your credit report.
In addition to the possibility of financial freedom, debt consolidation can also lead to other problems, such as wage garnishment and legal action from your creditors. As a result, if you’re considering consolidating your debt, make sure to weigh all of the advantages and disadvantages before making a decision. If you would like more information on debt consolidation, you may want to consult with a financial advisor or credit counseling service.
How do you pay back Alleviate Financial Solutions?
It should be noted that there are some drawbacks to using Alleviate Financial Solutions. A major disadvantage is thew fact that you will have to pay back the full amount of the debt, plus all fees, within a certain time frame. It can be difficult for some people to do this, especially if they are still experiencing financial hardship.
You will also experience a decrease in your credit score when you use such a company to get a personal loan. You will notice that the debt will appear on your credit report as having been settled for less than the full amount due. However, if you are able to successfully pay off the debt, it will eventually boost your credit score again.
It seems that Alleviate might not be the right choice for everyone. However, if you are struggling to make ends meet and are at risk of defaulting on your debt, it may be worth considering. Just make sure that you do your research and understand all of the potential risks involved before making a decision.
How to cancel your Alleviate Financial Solutions Reviews?
There are a few steps you need to follow in order to cancel your enrollment with Alleviate Financial Solutions if you decide that it is no longer the perfect debt settlement program for your financial situation, fiscal freedom, and financial stability.
You will need to send Alleviate Financial Solutions a written notice informing them of your intention to cancel your account. This notice can either be sent by certified mail, return receipt requested, or delivered in person.
Secondly, you will need to cease making payments to Alleviate Financial Solutions. Once you have given notice of cancellation, any payments made by you will be applied to your outstanding debt balance and not held in escrow for future settlement negotiations, so there is no need for you to stop making payments.
Lastly, if you have already paid any money into escrow with Alleviate Financial Solutions, you will need to contact the program to request a refund. Refunds can take up to 60 days to be processed by the program.
In the event that you have any questions or need assistance with canceling your enrollment in Alleviate Financial Solutions, you may contact their customer service department directly.
Alleviate Financial Solutions BBB Reviews
A business that meets the standards of trustworthiness and transparency can receive accreditation from the Better Business Bureau. Alleviate Financial Solutions has been accredited by the BBB since 2019. Despite this, 42 complaints have been closed with Alleviate Financial Solutions in the past three years. As a result of multiple complaints about Alleviate Financial Solutions, the BBB has determined that they do not meet the standards set by the organization.
18 of these complaints were closed during the last twelve months, which represents a substantial increase from the previous year, which raises even more concerns. It is important that potential customers are aware of these complaints before doing business with Alleviate Financial Solutions.
The following are some of the BBB’s reviews:
Complaint Type: Billing/Collection Issues
Status: Answered 04/28/2022
I am paying Alleviate financial solutions to pay off my debt’s but upon checking on the one creditor payment site the account has been sold to a collection agency and it seems like the account is being paid thru a collection agency instead of the company itself.
All of the other accounts I am receiving numerous calls about the debts being over due and it seems the companies have not been contacted about having a settlement reached and late fee’s are being added for each missed payment and the balance on the accounts are increasing instead of being paid off. It seems like no work has been done to contact these creditors and to get the accounts settled and to start paying these accounts off.
Complaint Type: Billing/Collection Issues
Status: Answered 04/25/2022
They have WRECKED my credit and refuse to explain why. I enrolled 4 credit accounts to their debt relief program. 3 accounts totaling about 3k of debt apiece, and the 4th account itself was a credit card with 13k debt. I signed on to pay a fixed amount per month, for ***** June 2020: Close the accounts and stop making payments.me: NO payments? them: We’re getting these debts settled on the basis of your financial hardship. *If you make payments, the creditors will use that to argue that you don’t have financial hardship.
* This is what they tell desperate people!!!!I did as I was told. That was 2 years ago. Every month they’d call me and say ‘everything looks good, keep it up, you’re gonna be debt free!’
So I left a massive 13k debt entirely unpaid for 2 years, on their expert advice. IN two years they reached settlement amounts with 3 of those 4 accounts. The last one, for 13k from Chase, they simply ignored. They didn’t call the creditors. They didn’t bring up the account in our phone calls. They led me to believe it was being dealt with. They also told me “if any of the creditors tries to pursue legal action, don’t even worry, our attorneys represent you for free”. What they mean is, when ********** gets sick of waiting for their money and sends you a court summons, one of their lawyers will tell you “you’re screwed” pro ****.
I was told that my ************ are to A) DOUBLE my monthly payments to Alleviate or B) remove the Chase account and pay it off with them directly. I chose option B, and no one from Alleviate has contacted me since. The lawyer I was assigned has not responded to me for a month. *************************************************** is not monitored. Despite having requested many times to have this account removed, Alleviate is still auto-debiting the full monthly payment from my bank account and refusing to answer questions about where the money is going. I was shocked to see they are BBB-accredited.
Why Do We Focus On Alleviate Financial Solutions’ Negative Reviews?
There is no better way to determine the quality of authenticity than by doing your own research and due diligence. You do need to read what consumers are saying in their very detailed complaints and reviews and put the negative ones next to the positive ones in order to determine whether they are credible or not.
Alleviate Financial Solutions Review – Advise Caution
It is important to note that Alleviate Financial Solutions is an example of what is going on in the debt consolidation industry today. They use direct mail to offer low rates and to use bait and switch tactics. It is important to carry out your own due diligence on Alleviate Financial Solutions before entering into a financial relationship with the company.
Alleviate Financial Solutions Review
Alleviate Financial Solutions