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PROS: Some of the industry’s highest debt reduction rates.
CONS: Not fully accredited by some industry organizations, namely the AFCC.

Verdict

In terms of cost, Premier Debt Help charges industry average fees. They have some of the highest debt reduction rates in the industry. If you’re looking for a company that is able to get you the most financial benefit out of debt reduction, Premier Debt Help is one of the best options. This being said, they don’t have as much regulatory oversight as some other industry leaders.

Costs

It is important to factor in every aspect of a debt settlement company’s costs prior to choosing the best company to work with. Debt settlement fees vary depending on particular circumstances, so it is important to note that no single company is best for everyone. When factoring in costs, you should compare fees along with the average reduction rate of the company. If a company charges high fees but also has extremely high reduction rates, it could be a valuable option. On the other hand, if a company charges low fees, but has a less than stellar reduction rate track record, it could be a bad option for your debt settlement.

Premier Debt Help is one of the only debt companies that charges a flat fee – 20 percent is the fee for every client regardless of financial circumstances. This fee is applicable to the total amount owed to your lender, not the amount outstanding after a settlement is agreed. Premier Debt Help’s average reduction rate is close to 50%, meaning it is well above the industry average. This means many past clients have reduced their debt by up to 30% — or even more in certain instances. In terms of financial value, this is one of the best companies to choose from out the industry leaders in debt settlement.

Eligibility and Process

Another great benefit of Premier Debt Help is their low eligibility requirements. You only need to have $5,000 of unsecured debt to be eligible for their services. There are companies that have lower thresholds, but many competitors require up to twice as much as this for eligibility.

Once you assess if you’re eligible for their services you should get in contact with one of their customer service representatives. They’ll do a final assessment of your situation and begin the process of negotiating your debt. At this point, you will be given a FDIC insured account in which you can deposit funds. Your advisor will work with you to determine the best amount to be depositing on a monthly basis. This cash will be used to pay off your debt if a settlement can be reached. It is important to note that not all debt settlement attempts end in success – in the case of failure you will be given all of your money back.

Customer Satisfaction and Experience

Premier Debt Help appears to have great customer satisfaction records, you can find a wealth of positive reviews online on various consumer websites. In addition, they have some of the best online capabilities out of their debt settlement competitors. You can log on to your account directly through their website where will you be able to view constantly updating information on your particular settlement. This type of online platform is a rarity in the industry.

Company Information and Certification

One of the major downsides of Premier Debt Help is their lack of accreditation. They don’t have accreditation with the Better Business Bureau – a consumer watchdog group. In addition, they don’t have accreditation with the AFCC – an industry regulator. Fortunately, they do have accreditation with the IAPDA – another industry regulator. The IAPDA ensures that all of their members adhere to ethical standards and remain up-to-date with proper business practices.

Summary

If you’re looking to get the highest reduction possible and be responsible for only a small fee in return, Premier Debt Help is one of the best options. They have a proven track record of success when it comes to getting their clients value in the debt settlement process. They also require a relatively low debt threshold for eligibility – just $5000. That being said, their lack of accreditation by a few of the regulatory bodies and consumer watchdog groups is a bit of a turn off for some consumers.