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Americor Debt Relief review

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Minimum debt
Typical turnaround
24 to 48 months

Our verdict

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

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.

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask an expert
  • Best for people who have both unsecured debt and overdue bills.
  • Pick something else if you want clear, transparent info before you sign up.


Product details

Free quote or consultation Americor will call you after you submit your contact details
Services Debt settlement
Minimum debt $10,000
Typical turnaround 24 to 48 months
Direct or third-party negotiations Direct
Types of debt Unsecured debt, personal and business debt
Accreditations AFCC member, IAPDA member, BBB accredited
Ratings A+ BBB rating
Free resources or tools Financial tips blog
Customer service Email:
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

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
BBB customer complaints119
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.

Compare debt relief companies

Use our table to compare debt relief companies by cost and requirements. Hit Go to site to sign up, or select the link with the company’s name to read our full review.

1 – 5 of 5
Name Product Costs Requirements
Freedom Debt Relief
Not rated yet
Freedom Debt Relief
Monthly payment based on enrolled debt, no upfront fees
Must have at least $7,500 in unsecured debt, have a hardship is preventing the ability to pay creditors, and live in a serviced state.
Freedom Debt Relief works to help people with unmanageable, unsecured debt get back on their feet.
Consolidated Credit
Not rated yet
Consolidated Credit
Fees regulated by client’s state of residence, can range from$0 to $69 with an average monthly fee of $35. No upfront or contingency fees.
Debt must not be payday loans or secured loans.
This debt settlement alternative can help you find a path to financial freedom.
Accredited Debt Relief
Charges and fees vary by the company you’re ultimately connected with
Must be at least 18 years old and a legal US resident; additional terms may apply based on services and products used.
This A+ BBB-rated service offers free consultations to lower your monthly payments help you get out of debt faster.
National Debt Relief
15–25% of total enrolled debt
Must have a legitimate financial hardship which is preventing the ability to pay creditors and a minimum of $7,500 in debt.
Get back on your feet with a top-rated company that works with multiple types of debt.
Pacific Debt
Not rated yet
Pacific Debt
15%–25% of total debt enrolled. Fees vary by state of residence.
Reside in a state where PDI’s services are available and have $10,000+ of debt to enroll

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