Last Updated: November 01, 2023
Pacific Debt Relief is a debt relief company based in San Diego, CA. Founded in 2002, they help consumers settle credit card, medical, and other unsecured debt through debt settlement programs. Their licensed professionals negotiate with creditors to reduce balances and create affordable payment plans.
I'm satisfied with my decision of going with them. They've kept me informed of all my old charges. We speak regularly about what's going on and I can look up a report online on how my accounts are doing. I can do that anytime I need to. They're excellent. They've just resolved everything and thanks to them, instead of owing all my credit cards, I just have one left to pay.
Pacific Debt Relief specializes in settling unsecured debt like credit cards, medical bills, personal loans, and more. They do not handle secured debt like mortgages or auto loans.
Savings vary depending on your specific debt situation. Most Pacific Debt clients save between 25%-50% off their total owed by settling for less than the full balance.
Your credit score will likely drop initially when accounts go into delinquency. However, debt settlement can allow you to pay off debt faster which helps your credit in the long run.
The debt settlement process typically takes between 24-48 months. Accounts are usually settled within 12-24 months. The remainder of the program is making monthly payments.
Pacific Debt charges an initial consultation fee of $99-149. If enrolled, fees are 15-25% of your total enrolled debt balance. There are also monthly account fees.
You can try to negotiate debt on your own but having a professional makes the process much easier and more effective. Pacific Debt has the experience, tools, and resources needed for the best settlements.
After reading Zhanna's review, you may be wondering if Pacific Debt Relief is the right choice for your debt situation. The best way to find out is to speak with one of their knowledgeable debt consultants for a free consultation.
750 B Street Suite 1700 San Diego, CA 92101
Mon-Thurs: 6am - 7pm PST
Friday: 6am - 4:30pm PST
Saturday: 7:30am - 4:30pm PST
Phone: (877) 722-3328
Fax: (619) 238-6709
cs@pacificdebt.com
Phone: (833) 865-2028
Fax: (619) 238-6709
inquiries@pacificdebt.com
Phone: (833) 865-2028
Fax: (619) 238-6709
creditorinquiries@pacificdebt.com
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*Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes.
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*Clients who make all their monthly program deposits pay approximately 50% of their enrolled balance before fees, or 65% to 85% including fees, over 24 to 48 months (some programs lengths can go higher). Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. We are not a credit repair firm nor do we offer credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. We are licensed where we engage in business. NMLS # 1250953. The use of our services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S. 12-03825.