Pacific Debt Relief Review

If you’re struggling to make monthly debt payments, have poor credit, and are having trouble staying afloat, a debt settlement program like Pacific Debt relief can provide a lifeline. Founded in 2002 with a mission of helping people overcome debt, Pacific Debt offers a customized debt settlement program to resolve your debt in 24 to 48 months. It features personal attention for customers from an assigned Account Manager and Certified Debt Specialist who guides you through every step of the process.

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In this article

    Pacific Debt at a glance

    CompanyMin. DebtAverage SavingsFeesBBB ScoreKey Benefit
    Pacific Debt$10,000Not listed15-25% of enrolled debtA+High customer satisfaction reviews

    What we like about it

    If you’re on the verge of bankruptcy and need help getting back on your feet financially by settling your debts, Pacific Debt relief is a reliable option. You can expect to resolve your debt completely within two to four years, potentially breaking an endless cycle of debt accumulation and minimum payments. Pacific Debt relief charges no up-front fees and can help you develop a plan to get out of debt for good.

    Pacific Debt relief also offers personalized customer service through every step of the process, and experts will work directly with you to negotiate with creditors and reduce your debt burden. It also offers excellent customer support and can answer any questions or concerns you have along the way.

    Things to consider

    Debt settlement isn’t for everyone. If you decide to work with Pacific Debt relief, your credit may take a hit. Part of the debt settlement process involves stopping making minimum payments on all your debts. While this can save you money in the long run, you may also have to deal with bills being sent to collections and the potentially stressful calls, emails and letters that may ensue.

    is also only available for certain qualified applicants. The program is only available in 30 states, so you may not live in a service area. It also requires the applicant to have over $10,000 in unsecured debt such as credit card debt, medical debt or personal loans. In most cases, Pacific Debt relief doesn’t cover student loans, IRS debt, debt from lawsuits or secured debt like auto loans and mortgages.

    In most cases, debt settlement should be viewed as a last resort. Pacific Debt relief isn’t a good option if you’re trying to raise your credit score or if you already have good credit. Depending on your financial situation, a debt consolidation loan may be a better option that can secure you lower interest rates without damaging your credit.

    Fees and savings

    Pacific Debt relief doesn’t charge any upfront fees. Instead, there is a 15% to 25% fee depending on your debt amount and your state of registration. In most cases, the company can save customers a much higher percentage than that by negotiating with creditors to lower the total amount owed. Once your debt has been settled, Pacific Debt relief provides a low monthly debt relief payment program based on your budget.

    The average savings isn’t listed on the debt settlement company’s website, although it does provide a chart of recent settlements it has closed for customers. The percentage listed varies between 20% and 55%, which is a good indication of how much you might be able to save through Pacific Debt relief.

    The process

    To begin working with Pacific Debt relief, you should enroll in their program and take advantage of a free consultation. Working with an advisor, you’ll be able to select the best debt solution for your situation and enroll in the company’s national debt relief program.

    Once you’re enrolled in the program, you’ll have to stop making minimum payments on your debt. This may result in your debt being sent to collections, and you might have to deal with unpleasant letters and phone calls. However, this is a necessary step in the debt settlement process, and Pacific Debt relief will help you deal with any issues that come your way.

    When you stop making minimum payments, you then begin to put money into an FDIC insured Special Purpose account that will be used to pay your creditors when the debts are settled. You’ll be able to access your account at any time online. Your account manager will begin negotiating with your creditors to reduce your debt to an amount that you can reasonably pay. This process may take a while, but a representative is in touch with you every few weeks to update you on their progress.

    Within 24 to 48 months, your debt could be settled and you’ll be on your way to being debt-free.

    Check Your Personal Loan Rates

    Answer a few questions to see which personal loans you pre-qualify for. It’s quick and easy, and it will not impact your credit score.

    Get Started

    with our trusted partners at Bankrate.com

    Margaret Wack

    Contributing Writer

    Margaret Wack writes about personal finance, health, wellness, arts and culture, among other topics.