Simple Debt Solutions is a comparatively new but fast growing debt settlement company that provides debt relief services to borrowers in 36 states, including Washington, DC. Founded in 2020, the company is headquartered in Los Angeles, CA. With three years of experience in the industry, Simple Debt Solutions has garnered the attention of clients across the country who are in need of a good debt solutions company.

Simple Debt Solutions follows a standard industry requirement where they consider clients who have a minimum of $10,000 in debt. Additionally, they have a specific threshold for settling individual accounts, requiring a balance of $450 or more per account in order to proceed with the settlement process. This approach aligns with the practices commonly seen in the debt settlement industry.

Simple Debt Solutions does offer a money-back guarantee, which is a notable feature. In the debt settlement industry, money-back guarantees typically indicate that clients will not be charged any fees until their debts are successfully settled. This gives clients peace of mind, knowing that they will only pay fees once they start seeing results in the form of settled debts.

It is important to note that charging upfront fees is generally prohibited in the debt settlement industry due to legal regulations. To obtain more information about Simple Debt Solutions’ specific guarantee and further details, it is recommended to reach out to them directly.

Simple Debt Solutions based its fees on the amount saved when a settlement is accepted, rather than on the total debt enrolled. In the debt settlement industry, clients typically experience a reduction of their enrolled debt ranging from 45% to 60%.

Simple Debt Solutions operates on a contingency fee basis, which means their fees are calculated as a percentage of the debt at the time the consumer enrolls in their services. In some cases, the fees may be based on a percentage of the savings negotiated by the debt-settlement company. This fee structure ensures that clients pay fees proportional to the amount of debt being addressed or the savings achieved through the settlement process.

Regarding Simple Debt Solutions, the company’s fees are based on a percentage of the enrolled debt and vary depending on the amount of enrolled debt provided. The fees charged by Simple Debt Solutions range from 19% to 25% of the enrolled debt.

The two main associations in the industry are the International Association of Professional Debt Arbitrators (IAPDA) and the American Fair Credit Council (AFCC) and the. Unfortunately, Simple Debt Solutions is not an accredited member of the AFCC, meaning it does not hold membership with this industry association.

Meanwhile, Simple Debt Solutions is an IAPDA member, signifying its affiliation with the International Association of Professional Debt Arbitrators.

Simple Debt Solutions offers exceptional debt consultation services, providing guidance through various steps and options tailored to your needs. The ultimate decision rests with you as they empower you to make informed choices. They facilitate communication with compatible lenders, allowing you to repay the borrowed amount gradually over time. The company has garnered positive reviews, solidifying its reputation as a trustworthy organization in the United States.