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Americor Debt Relief review

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This debt settlement company doesn't have many details online, but it's highly rated.

  • Best for people who have both unsecured debt and overdue bills.
  • Pick something else if you want clear, transparent info before you sign up.

$10,000

Minimum debt

24 to 48 months

Typical turnaround

Americor Debt Relief details

Free quote or consultationAmericor will call you after you submit your contact details
ServicesDebt settlement
Minimum debt$10,000
Typical turnaround24 to 48 months
Direct or third-party negotiationsDirect
Types of debt Unsecured debt, personal and business debt
AccreditationsAFCC member, IAPDA member, BBB accredited
RatingsA+ BBB rating
Free resources or toolsFinancial tips blog
Customer serviceEmail: info@americor.com
Phone: 866-333-8686
Fax: 800-536-2207
Hours: Monday through Friday from 6 a.m. to 7 p.m. PT, Saturday from 6 a.m. to 5 p.m. PT
Mail: 18200 Von Karman Ave, Suite 600, Irvine CA 92612

Expert review

Kellye Guinan

Review by


Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

Expert review

Americor is a highly rated and accredited debt settlement service and may be best for those who already have relatively low credit. It works with both unsecured debts and some types of overdue bills, and the process takes 24 to 48 months.

But there isn’t much information about Americor’s services available on its website. There’s no list of states serviced, and when we reached out to customer service multiple times, we weren’t able to pin down specific details about fees. We also received different information based on the customer service rep we got. You’ll also have to contend with worsened credit and potential lawsuits, which are common with any debt settlement service.

Before you sign up, compare it to other debt settlement companies to make sure you’re working with the best service.

How does Americor work?

The debt settlement process typically takes 24 to 48 months. Americor accepts a variety of unsecured debt, including personal loans, credit cards, medical and hospital bills, overdue rent and past due utility bills. Like most debt settlement companies, you must have at least $10,000 in debt to get started.

When we contacted a sales representative, we were told there are no refunds or money-back guarantees available. Other details — like how your savings will be set up and how Americor will handle your payments to your creditors — will depend on your state laws.

How much does it cost?

Americor doesn't charge any upfront fees. Like most debt relief services, its fee is a percentage of the amount it saves you. The rep we spoke with said that Americor typically charges 25%, although it varies by state. For example, if it's able to settle $25,000 worth of debt for $15,000, you would be charged a 25% fee on the settled amount — or $3,750.

How much could I save with Americor?

Americor states that it saves its customers 50% on average. But keep in mind that the exact amount it's able to save you will vary based on the type of debt you have and how willing your creditors are to negotiate.

Is Americor legit?

Americor is a legitimate debt settlement company with multiple accreditations from multiple trade organizations, including the American Fair Credit Council (AFCC) and International Association of Professional Debt Arbitrators (IAPDA). Its privacy policy covers how Americor collects and uses your personal information, and its website is secure. However, it doesn't state what type of encryption its website uses. If you're curious, reach out to customer service before submitting any sensitive personal information over the Internet.

What are the pros and cons of Americor?

Americor functions like a typical debt settlement company, which means it has many of the normal pros and cons — including a negative impact to your credit score.

  • Accredited by multiple trade organizations
  • Overall positive customer reviews
  • Works with overdue bills in addition to unsecured debt
  • Limited information available online
  • Fees due when first settlement is reached
  • Inconsistent information from customer service

Americor reviews and complaints

BBB accreditedYes
BBB ratingA+
BBB customer reviews4.6 out of 5 stars, based on 1579 customer reviews
Trustpilot score4.6 out of 5 stars, based on 3,334 customer reviews
Customer reviews verified as of15 October 2020

Americor receives a plethora of positive reviews — but many have been submitted within the past few months. While this can reflect positively on its recent customer service, it's important to consider what the complaints have to say: The majority cite that their credit was negatively impacted and that they were sued by their creditors. Unfortunately, this is a common occurrence with all debt settlement companies. Consider this carefully before using Americor or any debt relief service.

How do I get started?

To get started with Americor's debt settlement program:

  1. Visit Americor's website, select the amount of debt you have and click See your options.
  2. Reselect the amount of debt you have, then enter your full name, phone number and email address.
  3. Enter your ZIP code and full address.

Americor will reach out to you by phone to discuss your next steps.

I’ve signed up. What happens next?

Americor sets up a trust account in your name that you will begin making payments toward. It may instruct you to stop paying your creditors to make it easier to settle your debts, but do this at your own risk: Your creditors may still choose to sue you.

Once it reaches a settlement, you'll need to review and agree to it. Americor will then expect you to pay a percentage of the debt settled in the form of a fee — sometimes as high as 25%. You may also need to pay taxes on the amount your creditor has forgiven.

The process usually takes 24 to 48 months, but Americor states that it has an average debt reduction of 50% — relatively high for a debt relief company.

Americor may have a high average savings, but there are more debt relief options you should consider before signing up.

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