This article will discuss the services that Lendvia provides and the potential associated risks. Check out our Pacific Debt Relief Review to understand what this company is all about.
Will Pacific Debt Relief Hurt My Credit?

Pacific Debt Relief Benefits And Drawbacks
Benefits:
- Lower debt payments: Using Pacific Debt Relief can help you lower your monthly payments by negotiating with creditors.
- Single monthly payment: Pacific Debt Relief simplifies the process of repaying multiple debts by consolidating them into a single payment.
- Professional negotiation: Pacific Debt Relief has experienced negotiators who can deal with creditors on behalf of clients, potentially negotiating better terms than they could on their own.
Drawbacks:
- Fees: The fees charged by Pacific Debt Relief may be significant and can add to the overall debt.
- Negative impact on credit score: As payments are missed or settled for less than the full amount owed, debt settlement can negatively affect a consumer’s credit score.
- No guarantees: There is a risk that negotiations will fail, and Pacific Debt Relief cannot guarantee creditors will accept its settlement offers.
Pacific Debt Relief: What Is It?

Debt relief is an invaluable service for those struggling to get out of debt. The firm has been providing debt relief services to consumers since 2002 and has helped more than 30,000 clients settle and resolve over $1 billion in outstanding consumer debt together. Through their negotiation and settlement services, they have assisted thousands of people in getting out of credit cards and medical debt. Their services are invaluable to those looking to manage and reduce their financial burden.
This debt settlement company is the best choice for consumers who are struggling to make minimum payments or are worried about reducing the amount they owe. Whether you’ve lost your job and can’t keep up with payments, or are facing a medical emergency that prevents you from working, the company can offer assistance. By working together, you can get back on track and start making progress on your debt.
The team at Pacific Debt Relief will work with you on your financial needs and find a solution that fits your needs and budget. With their great success rate, you can be sure they will do everything they can to get you out of debt. They understand that everyone’s financial situation is different, and they will take the time to develop a plan that works for you. You can trust them to get you the best possible results and help you get back on your feet.
Pacific Debt Relief: How Does It Work?
Pacific Debt Relief provides debt settlement services for individuals with unpaid unsecured debts, such as credit card balances, medical expenses, and personal loans. Generally, their process secured debt that works as follows:
- Consultation: The first step for consumers is to schedule a free consultation with Pacific Debt Relief, during which a debt specialist will assess their financial situation and determine whether debt settlement is a good option.
- Enrollment: As soon as the consumer decides to proceed with Pacific Debt Relief, they will enroll in the program and begin making monthly deposits into an account. The deposits will be used to settle the consumer’s debts with creditors.
- Negotiation: Pacific Debt Relief will negotiate on behalf of the consumer with creditors in an effort to reduce the amount owed. A settlement agreement involves the consumer paying a portion of the debt owed, and the creditor agrees to forgive the remainder.
- Settlements: Upon reaching a settlement agreement, Pacific Debt Relief will make payments to the creditor using funds accumulated in the designated account.
- Completion: Once all enrolled debts have been settled, the consumer is debt-free.
Debt settlement can be a viable option for those with significant debt, but it is important to consider all the potential consequences. First and foremost, the debt settlement process can have a negative impact on a consumer’s credit score. As such, it is important to research all debt relief options and consult a financial professional before enrolling in a debt settlement program. Additionally, debt settlement may not be the best option for everyone, so it is important to carefully weigh the pros and cons before making a final decision.
Pacific Debt Summary
- Accreditation: American Fair Credit Council, Better Business Bureau, Consumer Affairs, International Association of Professional Debt Arbitrators
- Consultation: Free phone or online consultation with a customer services rep
- Costs: 15% to 25% of the total debt enrolled. Fees vary from state to state.
- Customer Service: Phone or email
- Debts accepted: All unsecured debt except consumer finance loans, payday loans, legal judgments, and medical debts not already in collections. Minimum debts considered are typical $10,000
- Free resources offered: Informative debt management blog
- Restrictions: Pacific Debt services are only available in 25 states
- Service offered: Debt settlement through direct negotiations
- Trust ratings: BBB rating of A+ and 9.3 Trustpilot score
- Turnaround time: 24 to 48 months or more
Is Pacific Debt Relief Right For Me?
In order to be eligible for the Pacific Debt Relief debt settlement program, typically an individual must fulfill certain requirements:
- Unsecured debt: The program is designed for consumers who have unsecured debt, such as credit card debt, medical bills, or personal loans. Secured debts, such as mortgages or car loans, are not eligible for the program.
- Financial hardship: Consumers must be experiencing financial hardship that makes it difficult to keep up with their debt payments. This could be due to a job loss, a reduction in income, or unexpected expenses.
- Minimum debt: Typically, consumers must owe at least $10,000 in unsecured debt to be eligible for the program.
- Ability to save: To participate in the program, consumers must be able to make monthly deposits into a designated account that will be used to settle their debts with creditors.
- Willingness to commit: Consumers who enroll in the program must be willing to commit to making regular deposits into the designated account and working with Pacific Debt Relief to negotiate settlements with their creditors.
When it comes to managing debt, Pacific Debt Relief is a great option. With no minimum credit score requirement, Pacific Debt Relief can help you get back on track financially and provide the support you need to ensure your debt is paid off on time.
It’s important to note that working with Pacific Debt Relief will not affect your credit rating. In fact, with the right approach, you can use this program as an opportunity to improve your financial standing and build better credit over time.
Pacific Debt Relief offers a variety of services that can help you manage your debt more effectively. These include debt settlement, debt management plans, and loan consolidation services.
Debt settlement is one of the more popular options offered by Pacific Debt Relief because it allows you to negotiate with creditors for lower payments or interest rates on existing debts. On the other hand, if you can successfully settle all of your debts through this method, you could save money in the long run and improve your financial standing over time.
Another option available through Pacific Debt Relief is a debt management plan (DMP). This type of plan allows you to consolidate all of your debts into one monthly payment at a lower interest rate than what was initially charged on each account.
Finally, loan consolidation services are also available through Pacific Debt Relief, allowing borrowers to combine multiple loans into one single loan with one monthly payment at a fixed interest rate lower than what was previously charged on each loan account. This type of service could potentially save borrowers money in both the short-term and long-term, depending upon their particular situation.