Is Credit 9 a debt relief company? (2024)

Is Credit 9 a debt relief company?

Credit9 is an online lender specializing in personal loans for consolidating unsecured, high-interest debt, although it also offers personal loans for purposes other than paying off debt.

Is Credit9 the same as Americor?

Americor provides debt relief for those who are overburdened with unsecured debt including credit cards, personal loans, and medical bills. For those who qualify, we offer debt consolidation loans through our partner Credit9.

Does debt relief destroy your credit?

Debt relief services may have a negative impact on your credit score, but that impact may not be as big as you think — and in some cases, it can help your credit. How these services impact your credit depends on the debt relief option you choose.

Is the debt relief real?

Debt Relief Service and Credit Repair Scams

These operations often charge cash-strapped consumers a large up-front fee, but then fail to help them settle or lower their debts – if they provide any service at all.

Is debt relief the same as debt settlement?

Debt relief or settlement companies are companies that say they can renegotiate, settle, or in some way change the terms of a person's debt to a creditor or debt collector. Dealing with these companies can be risky.

Who is the parent company of credit9?

Americor Holdings, LLC (“Americor Holdings”), the parent company to credit9, is an Irvine, CA based debt resolution company founded in 2015. Americor Funding LLC (“Americor”), an indirect wholly owned subsidiary of Americor Holdings, has been offering debt management solutions since 2016.

How do I know if a debt relief company is legit?

They Ask for Fees Upfront

This is the most obvious sign of a debt relief scam. If the person/company offers to help get rid of your debt but first you have to pay them a fee, they're probably lying to you. Cut off contact and file a complaint with us.

What is the best debt relief program?

How long does it take to rebuild credit after debt settlement?

There is a high probability that you will be affected for a couple of months or even years after settling your debts. However, a debt settlement does not mean that your life needs to stop. You can begin rebuilding your credit score little by little. Your credit score will usually take between 6-24 months to improve.

How can I get rid of my credit card debt without paying?

Bankruptcy is your best option for getting rid of debt without paying.

Can I still use my credit card after debt settlement?

If a credit card account remains open after you've paid it off through debt consolidation, you can still use it. However, running up another balance could make it difficult to pay off your debt consolidation account.

Does the IRS have a debt relief program?

An offer in compromise lets you settle your tax debt for less than you owe. This used to be called the Fresh Start program. See if you're eligible for an offer in compromise.

How to pay off $10,000 credit card debt?

What is credit card forgiveness?

Credit card debt forgiveness is when some or all of a borrower's credit card debt is considered canceled and is no longer required to be paid. Credit card debt forgiveness is uncommon, but other solutions exist for managing debt. Debt relief and debt consolidation loans are other options to reduce your debts.

Is debt relief better than a loan?

Summary. In a debt relief program, you can move yourself out of an extremely difficult financial circ*mstance and eliminate a percentage of your debt. You'll pay less money in a shorter amount of time than with a debt consolidation loan.

What is better debt relief or debt consolidation?

For most people, debt consolidation is the better choice. When comparing the two options, here's what to consider: With debt consolidation, you'll pay less in fees. Balance transfer cards typically charge a balance transfer fee of 3% to 5%.

Is Credit9 a loan?

Credit9 is an online lender specializing in personal loans for consolidating unsecured, high-interest debt, although it also offers personal loans for purposes other than paying off debt. While Credit9's headquarters are in Irvine, California, it services loans nationwide.

Who is the best credit consolidation company?

Why consolidate credit card debt?

Debt consolidation is the act of taking out a single loan or credit card to pay off multiple debts. The benefits of debt consolidation include a potentially lower interest rate and lower monthly payments. You can consolidate your debts using a personal loan, home equity loan, or balance-transfer credit card.

Do you have to pay back a debt relief?

And, depending on the program, you may be able to get your interest rate lowered or have certain fees waived. Under the terms of a debt management plan, while you may receive more favorable interest rates or relief from fees, you still repay the entire principal amount owed.

Can I ignore debt collection agency?

Ignoring or avoiding a debt collector, though, is unlikely to make the debt collector stop contacting you. They may find other ways to contact you, including filing a lawsuit. While being contacted by a debt collector might feel overwhelming, talking with them can help you get more information about the debt.

How much do debt relief companies charge?

What is the minimum debt for debt relief?

National Debt Relief Eligibility & Requirements

There is no credit score requirement to be considered for National Debt Relief. You must, however, have at least $7,500 in outstanding, unsecured debt. Before NDR can begin negotiating your debt, you must make a deposit into an escrow account.

How can I settle my debt myself?

What is the National debt relief Hardship Program?

National Debt Relief is a debt settlement company that negotiates on behalf of consumers to lower their debt amounts with creditors. Consumers who complete its debt settlement program reduce their enrolled debt by an average of 23% after its fees, according to the company.