Signature Servicing is a trusted debt settlement company that has been helping borrowers throughout the US since 2011. Based in Woburn, MA, and operating in 34 states as well as Washington, DC, Signature Servicing has developed an excellent reputation for providing clients with the debt relief they need to regain financial stability. Signature Servicing has a wealth of experience in the debt settlement industry and their team is committed to finding a solution that is tailored to each individual’s financial situation. Whether you are dealing with credit card debt, medical bills, or any other type of unsecured debt, Signature Servicing can help you get debt-free.
Signature Servicing: Overview
Signature Servicing has strict requirements for potential clients in order to ensure they are able to provide comprehensive and effective debt relief services. In order to be considered for their services, an individual or company must have a minimum debt balance of $10,000 and a minimum balance of $500 per individual account. This ensures that Signature Servicing can provide the necessary services to help its clients get out of debt and achieve financial freedom.
Performance-based fees are a unique approach taken by Signature Servicing, a debt settlement firm, to charge fees based on how much a client saves when a settlement is accepted. Unlike other debt settlement firms that charge fees based on the total debt enrolled is settled, Signature Servicing’s approach incentivizes them to work harder for their clients by negotiating better settlements. This approach also benefits clients as they only pay fees when a settlement is accepted, giving them peace of mind that they are not paying for services that may not yield results. Overall, performance-based fees are a win-win for both the firm and the client.
Signature Servicing is a debt settlement company that is dedicated to providing quality and ethical services. Their commitment to their clients is evident in their accreditations by two respected organizations – the American Fair Credit Council and the International Association of Professional Debt Arbitrators. With these accreditations, Signature Servicing is able to provide the highest level of service and ensure that clients receive the best possible outcome when it comes to settling their debts. With its commitment to ethical practices, Signature Servicing is a great choice for anyone looking for debt settlement services.
- This company provides debt relief services that are handled by their own staff, unlike other debt settlement companies that serve as middlemen for larger firms.
- Signature Servicing can be found in the majority of states, specifically 34.
- Signature Servicing has the capability to settle various kinds of unsecured debt and business debt, which encompass credit card debt, personal loans, payday loans, and some categories of student loans.
- Signature Servicing is a firm that has been operating for 12 years.
Signature Servicing Pros And Cons
- It’s a member of the AFCC.
- Employs debt specialists who have been accredited by the IAPDA.
- There is no fee for monthly consultancy.
- Each account needs to have at least $500 in balance.
- Clients who have a debt balance of less than $10,000 will not be considered.
Signature Servicing Frequently Asked Questions (FAQs)
What Debt Relief Services Does Signature Servicing Offer?
Signature Servicing provides assistance to creditors to settle the following kinds of debts through their debt relief services: Credit card debt, personal loans, and business debt.
How Much Does Their Services Cost?
Signature Servicing uses a contingency fee system, which means they charge consumers a percentage of the debt or savings negotiated by the debt settlement company at the time the consumer enrolls. Generally, clients in the debt settlement industry see a reduction of 45% to 60% of their enrolled debt.
Signature Servicing levies a fee amounting to 25% of the debt.
The cost of debt relief services may differ significantly depending on the client, therefore it is recommended to contact Signature Servicing directly to obtain an exact estimate.
Does Signature Servicing offer a guarantee?
No Signature Service does not offer refunds. Some lenders offer a Money Back Guarantee, which usually says that the payment will not be charged until the debt is settled. However, there’s a law prohibiting debt settlement companies from collecting upfront payments for settling borrowers. The guarantee also has minimal value to the consumer.
What is the minimum debt Signature Servicing will consider?
Signature Services only considers customers that have debts exceeding $10,000 in value. Clients with more than $105,000 in unsecured debt can receive credit consolidation and other services for debt consolidation.
Do They Have Any Accreditations?
The American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA) are the primary trade organizations in the field of debt relief services.
Signature Servicing Review: Final Thoughts
Signature Servicing, LLC has been operating for over a decade and is a reputable company within its industry. Unfortunately, there are few customer reviews available to gauge the level of customer satisfaction with the company. In the absence of reviews, potential customers must rely on other factors such as the company’s reputation, industry experience, and any certifications or awards when considering a service provider. Despite the lack of community reviews, the fact that Signature Servicing, LLC, the website has been in business for over a decade implies that they have been successful in providing quality services and retaining customers.