Pacific Credit Inc. is a recognized Debt settlement company It has since 2002 settled more than $ 300 million in debt. The San Diego-based company offers nationwide debt settlement services.
A debt settlement service is a method that allows you to liquidate your debt that you owe. Debt settlement is not an ideal solution, but can serve as a last resort for those who have exhausted all other options and want to avoid bankruptcy. Pacific Loans connects you with one of your loan specialists to discuss the best ways to address payday loans, credit card debt and unsecured debt loans.
- Enroll a wide variety of unsecured loans.
- Loans are usually resolved in 24 to 48 months.
- Settlement fees typically range from 15% to 25% of the total loans enrolled.
- The program does not cover collateral-based loans such as car loans or home loans.
- A debt settlement may initially lower your credit score.
- Pacific Date cannot guarantee how much its program will reduce your debt balance.
Pacific Loans works with customers to deal with most types of unsecured debt, including:
- credit card debt
- Personal loan loan
- medical bill
- Defective balance on malleable vehicles
- payday loans
- Trade credit
- Some student loans
Collateral-based loans, such as car loans or home loans, are not covered by the program.
Pacific Loans does not charge an upfront fee and its service fees typically range from 15% to 25% of the total debt enrolled in its debt settlement program. The fees also vary by state. Your fee is rolled into the monthly program payment, so you’ll make one payment to cover everything
Pacific Loans typically approves customers who have at least $ 10,000 in qualified unsecured loans and are having difficulty making minimum payments. You also have to live in one of the states where Pacific Debt operates to use its relief program.
Pacific debt does not deposit money. The lender offers a debt settlement program by negotiating with your creditors that reduces the balance you owe, which may include waiving interest and fees. With the program, you make a monthly payment, including Pacific loan fees.
Pacific Credit does not require a minimum credit score. However, your credit score may be a hit after enrolling for the first time in the program because you will stop making monthly payments to creditors, while Pacific Debt makes an agreement. Making regular monthly payments through Prashant loan will help in bringing back your score.
Pacific Date holds an A + rating with the Better Business Bureau and is recognized by the American Fair Credit Council and the International Association of Professional Debt Arbitrators.
The enrollment process begins with a phone consultation with a certified debt specialist who will ask you more about your financial situation and determine if the debt settlement program is right for you. Then, a loan counselor will email you a secure enrollment packet so that you can complete the paperwork. From there, your application is submitted to the servicing for approval.
The company has certified loan specialists on staff who help you eliminate debt by compromising with creditors. You do not have to negotiate with the lender Pacific Loan – handles these conversations on your behalf.
- People who have at least $ 10,000 in unsecured loans
- People who are struggling to pay monthly loan bills
- People who want to work with a loan specialist to reduce outstanding debt balance
- People who are more concerned with getting rid of debt than improving their credit score
Question: How does Pacific loan work?
a: After calling Pacific Loans, you will connect with a loan specialist who will provide a free phone consultation to learn more about your financial situation. Then, Pacific Loans will determine if you qualify for its programs, and if so which is best suited to help you settle and terminate the debt.
Pacific debt works to eliminate your debt in 2 to 4 years depending on your circumstances. Pacific Date consists of employees who work with you and your creditors, which is to minimize the amount you are paid.
Pacific debt does not consolidate debt, which means rolling out outstanding debt into a new loan with a lower interest rate. Instead, Pacific helps settle debt by working with debt creditors to reduce fees, interest and other expenses so that your balance is reduced.
Depending on your budget you will have a monthly payment, which will include a fee for his services to Pacific loan.
Question: Is Pacific Date Legit?
a: Pacific Date has an A + rating with the Better Business Bureau, which earned 4.8 out of 5 stars. Trustpilot gives Pacific Date 4.7 out of 5 stars. The company says it has settled more than $ 300 million of debt since 2002.
Q: How are you approved for Pacific loan?
a: You must have more than $ 10,000 in unsecured debt. Pacific loans are best for consumers who are having trouble making minimum payments and are concerned about reducing the amount paid. Approval begins with a phone call to Pacific Loans for a free consultation. Then, you will receive an email packet to complete, which is processed by the Customer Service Department for approval. Pacific loan is not for consumers who can manage monthly loan payments and is good for excellent credit.