americor funding logo

Total Score

1

User Score

1.0 rating

Woman makes payment with credit card

Settlement

Settlements are commonly negotiated by third-party agencies who help to discuss your dues with a creditor. In a settlement, it is usually discussed and agreed upon that the borrower pays the creditor a lump sum amount. This amount is usually less than what the borrower originally owes.

Pros

  • Helps you quickly fix your financial problems
  • Might be more costly in comparison to paying the actual amount that you owe

Cons

  • An immediate but a makeshift solution to your debt issues
  • Some lenders might not accept your settlement offer

Consolidation

To consolidate debt is to collectively combine all of your accounts and form them into one enormous, single debt. In debt consolidation, borrowers usually take out a big loan with a more affordable payment option or more moderate interest rates and use it to pay off several other creditors.

  • PROS:

  • Does not require collateral

  • More attainable payment options

  • Instantaneous and straightforward process

  • CONS:

  • May potentially decrease your credit score rating

  • Will accumulate a larger interest rate of up to 15-20%

  • More extended payment terms

Businesswoman Calculating Bill
Couple With Documents Calculating Finance At Home

Personal Loans

A personal loan is a process of borrowing money from banks, credit unions, online lenders, friends, or relatives with a set interest rate and payment plan. Personal loans can be categorized into a Secured or Unsecured Loan. Secured Loans are loans that require collateral or down payment while Unsecured Loans do not require any of it.

While applying for a personal loan can be a viable option, it is also crucial to consider the proposed interest rates and repayment plans being offered to you.

  • PROS:

  • A quicker method for clearing debts

  • Viable for a short-term solution

  • CONS:

  • Lengthy approval time

  • May have higher interest rates

Americor Funding

americor funding logo

Ideal Customer: Over $15,000 in debt

Total Score

1

User Score

1.0 rating

Total Score

1

User Score

1.0 rating

Price - % of Debt
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Accreditations
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Free Consultation
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Min. Debt Accepted
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Money-Back Guarantee
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Number of Reviews
3
3

WARNING:

A pattern of consumer complaints and/or regulatory actions prevents us from recommending this company.

Contact Information

Website: americor.com
Email: Contact Form
Address: Americor Funding, 18200 Von Karman Ave, Suite 600, Irvine, CA 92612
Client Support Hours: Monday - Friday: 9am to 5:30pm PST

WARNING

A pattern of consumer complaints and/or regulatory actions prevents us from recommending this company.

1
1.0 rating
1 out of 5 stars (based on 3 reviews)
Excellent0%
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americor funding logo

Americor Funding

WARNING: A pattern of consumer complaints and/or regulatory actions prevents us from recommending this company.

WARNING:

A pattern of consumer complaints and/or regulatory actions prevents us from recommending this company.

I’m not sure what the product is so I ask him for more details.

1.0 rating
April 5, 2019

I’m not sure what the product is so I ask him for more details. As soon as I asked this, the rep became very dodgy and rude and wouldn’t answer anything about the product. Very sketchy and rude. I received a letter through the mail and set up a call. The rep calls and goes into asking me a bunch of financial questions and quickly sets up a follow-up call. No thank you.

Nate B

It went well at first, with some low balance cards being settled.

1.0 rating
March 13, 2019

It went well at first, with some low balance cards being settled. My Husband kept getting calls from Discover, so we asked them what to do. Just ignore them, so we did. Then we got served papers, and now Discover is suing us. We get some clueless rep who says “Well, there isn’t much money in your account for a settlement, wait until next month and we’ll talk to them.” Really? In 30 days they will have a default judgment and it will be too late. The guy said they don’t handle litigation! Lawsuits that never should have come to be in the first place if these people did their jobs.

Myra T

Americor is the worse company I’ve came across in a longtime.

1.0 rating
February 28, 2019

Americor is the worse company I’ve came across in a longtime. This company gives you a false pretense they are helping you to become debt free. What they fail to tell you is how much money they take from the front end of yours.
I can save the next person from experiencing the same heartache. I could go on but I believe my point has been made.DO NOT USE THEM. BEWARE THEY WIll LIE AND RIP YOU OFF!!!

Avani W

Settlement

VS

Consolidation

VS

Personal Loans

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