Many or all of the companies featured here provide compensation to us. This is how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below. Advertiser Disclosure

Many or all of the companies featured here provide compensation to us. This is how we maintain our free service for consumers. Advertiser Disclosure

Many or all of the companies featured here provide compensation to us. This is how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below. Advertiser Disclosure

Many or all of the companies featured here provide compensation to us. This is how we maintain our free service for consumers. Advertiser Disclosure

Signature Servicing is a debt settlement company based in Woburn, MA, that has been providing debt relief services since 2011. With over a decade of experience, they specialize in the process of helping clients reduce their debt and regain financial stability, regardless of what type of debt they have.

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ethical debt settlement companies

Signature Servicing: Brief Overview

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Signature Servicing requires potential clients to have a minimum debt balance of $10,000. This is a standard requirement to ensure the company is able to make a profitable agreement and provide effective debt relief services to its clients. Additionally, each individual account must have a balance of $500 or more in order to be eligible for settlement. These requirements may seem strict, but they are necessary to ensure the company is able to provide the best service to its clients.

Signature Servicing, a debt settlement firm, has taken a unique approach to charge fees by basing them on the amount of savings that a client receives when a settlement is accepted. This performance-based fee structure not only incentivizes the firm to work harder for the client but also ensures that clients do not pay for services that may not yield results. This approach is beneficial for both the firm and the client, and it provides clients with the peace of mind that they are only paying for results.

Signature Servicing is a debt settlement company that is held to the highest standards in the industry. They are accredited by the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA). These accreditations are proof of their commitment to ethical practices and the level of training their debt resolution specialists have received. They strive to provide trustworthy and effective debt settlement services to their clients, and their accreditations signal that they are a reliable source for debt resolution.

  • This company provides debt relief services that are handled by their own staff, unlike other debt settlement companies that serve as middlemen for larger firms.
  • Signature Servicing can be found in the majority of states, specifically 34.
  • Signature Servicing has the capability to settle various kinds of unsecured debt and business debt, which encompass credit card debt, personal loans, payday loans, and some categories of student loans.
  • Signature Servicing is a firm that has been operating for 12 years.

Benefits & Drawbacks

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Pros

  • A member of AFCC.
  • Employs debt specialists who have been accredited by the IAPDA.
  • There is no fee for monthly consultancy.

Cons

  • Each account needs to have at least $500 in balance.
  • Clients who have a debt balance of less than $10,000 will not be considered.

Frequently Asked Questions (FAQs)

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What Services Do They Offer?

Signature Servicing provides assistance to settle the following kinds of debts through their debt relief services: Credit cards debt, personal loans, and business debt.

How Much Does Their Services Cost?

Signature Servicing uses a contingency fee system, which means they charge a percentage of the debt or savings negotiated by the debt settlement company at the time the consumer enrolls. Generally, clients in the debt settlement industry see a reduction of 45% to 60% of their enrolled debt.

Signature Servicing levies a fee amounting to 25% of the debt.

The cost of debt relief services may differ significantly depending on the client, therefore it is recommended to contact Signature Servicing directly to obtain an exact estimate.

Do They Offer A Money Back Guarantee?

Signature Servicing does not offer a refund policy. While some debt settlement companies may promise a money-back guarantee, this usually means that they will not charge you until your debt is resolved. However, it is against the law for such companies to collect upfront fees before settling an account. Therefore, these guarantees are of minimal benefit to customers.

How Much Is The Minimum Credit Score For Qualifying?

Signature Servicing is only interested in serving customers who have unsecured debts of $10,000 or above. If a customer has less than $10,000 of unsecured debt, it is recommended that they consider applying for a

Do They Have Any Accreditations?

The American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA) are the primary trade organizations in the field of debt relief services.

Signature Servicing Review: Final Thoughts

Signature Servicing, LLC has been in business for more than a decade and is considered a reputable company in its industry. Unfortunately, due to the lack of reviews from customers, it is difficult to determine the level of satisfaction they have experienced with the company. Without these reviews, potential customers have to rely on other factors such as the company’s reputation, industry experience, and any awards or certifications they have earned. Despite the lack of customer reviews, their longevity in the industry indicates that Signature Servicing, LLC has been successful in providing quality services and retaining customers.

Signature Servicing
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Signature Servicing Review

Over a decade in business, Signature Servicing, LLC has established itself as a reputable company. It’s hard to tell how happy their customers have been, even though the company has been around for a long time, suggesting that they keep customers and provide good services. When there are no customer reviews, potential customers may have to rely on other factors, such as the company’s reputation, experience, and certifications or awards. Inspite of this, Signature Servicing, LLC has been providing high-quality services for a long time.

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Paolo Jones is an accomplished writer with a specialization in tax-related topics. His extensive experience and expertise in the field have made him a sought-after authority on all things tax. Paolo earned his bachelor's degree in economics where he developed a keen interest in taxation. Paolo began his professional career as a tax consultant where he advised clients on tax planning, compliance, and risk management. His technical expertise and attention to detail soon earned him a reputation as a top-notch tax professional.

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