Americor Review: Debt Relief Up to 50% Savings, But Takes Years
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- Minimum debt
- $7,500
- Typical turnaround
- 24 to 48 months
- Fees
- 14% to 29%
Our verdict
Debt relief for $7,500+ unsecured debt with 40–50% savings, but it can take up to four years and hurt your credit.
Americor helps clients with $7,500 or more in unsecured debt find relief through debt settlement and debt consolidation loans. The company has a strong track record, it reduces client debt by 40–50% and holds an A+ rating from the Better Business Bureau. But the program can take up to 48 months to complete, and it isn’t available to people with smaller debt amounts.
Best for: People struggling with unsecured debt, looking for clarity about the right option.
Pros
-
Debt consolidation loans up to $50,000 through Credit9
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Can save an average of 45% of enrolled debt
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Cancel anytime without penalties or fees
Cons
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Must have at least $7,500 in unsecured debt
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Can take up to 48 months to settle or reduce debt
-
Credit score will likely go down while enrolled
Is Americor legit?
Yes, Americor is a legitimate debt relief company. Founded in 1995, it has been accredited by the Better Business Bureau since 2015 and currently has an A+ rating on the site. Americor is a member of the Association for Consumer Debt Relief (formerly called the American Fair Credit Council). This industry group sets standards for debt settlement companies and requires members to follow best practices designed to protect consumers.
Americor protects customer data in a variety of ways, including limiting access to personal information and using industry-standard safeguards to keep it secure. While Americor has faced a few individual lawsuits, including one in 2023 that was later dismissed, there are no current class actions against the company.
What makes Americor shine?
Americor stands out for charging fees that start at 14% of enrolled debt, a touch lower than some competitors, such as Freedom Debt Relief and Pacific Debt Relief, which often begin around 15%. The company also has a solid track record. It has helped more than 200,000 clients resolve over $2 billion in debt.
Americor gets strong marks for credibility, too, with accreditation and an A+ rating from the Better Business Bureau plus thousands of positive reviews on sites like Trustpilot. And because it offers both debt settlement services and debt consolidation loans through its partner Credit9, borrowers have more than one option to work toward paying off debt.
Where Americor falls short
Americor’s program isn’t designed for everyone. You need at least $7,500 in unsecured debt to qualify, which leaves out borrowers with smaller balances. Even for those who qualify, getting results can take time. The process often runs two to four years, and missed payments during negotiations can lead to charge-offs that stay on your credit report.
On top of that, Americor charges fees between 14% and 29%, which are in line with what other debt relief companies charge, but still take a significant portion of your potential savings. While some borrowers describe supportive representatives, others report delays and confusion about costs, showing that customer experiences are mixed.
How much can I save?
According to the Americor website, clients typically save anywhere from 40% to 50% of their enrolled debt by the time they’ve completed the program, with 45% being the average. But keep in mind, this is your savings before program fees kick in.
How much does it cost?
Americor does not charge fees until it lowers your total debt with creditors. The fees are 14% to 29% of the debt you choose to enroll in the program. For example, if a client enrolls $10,000 in debt and the assigned fee is 15%, the client would pay $1,500 in fees to Americor after the debt is settled.
Will Americor hurt my credit?
Using Americor may hurt your credit in the beginning. The decline usually happens because you stop making on-time payments while Americor negotiates on your behalf. As a result, your payment history and overall credit profile may take a hit.
However, 85% of debt settlement clients see their credit score return to normal levels or higher once they’re done with the process.
Americor details
| Free quote or consultation | Yes |
| Services | Debt consolidation loans, debt settlement, credit counseling, bankruptcy |
| Minimum Debt | $7,500 |
| Average turnaround | 24 to 48 months |
| Fees | 14% to 29% |
| Types of debt | Unsecured debt such as credit cards, medical debt, department store card debt and personal loans |
| Accreditations | Better Business Bureau, Association for Consumer Debt Relief (ACDR), Consumer Affairs, FTC compliant |
| Direct or third-party negotiations | Direct |
| State availability | Not available in: Colorado, Oregon, West Virginia |
Before you sign up with a debt relief company
Debt relief companies typically charge a percentage of a customer’s debt or a monthly program fee for their services. And not all companies are transparent about these costs or drawbacks that can negatively affect your credit score. Depending on the company you work with, you might pay other fees for setting up new accounts or third-party settlement services, which can leave you in a worse situation than when you signed up.
Consider alternatives before signing up with a debt relief company:
- Payment extensions. Companies you owe may be willing to extend your payment due date or put you on a longer payment plan.
- Nonprofit credit counseling. Look for free debt-management help from nonprofit organizations like the National Foundation for Credit Counseling.
- Debt settlement. If you can pay a portion of the bill, offer the collection agency a one-time payment as a settlement. Collection agencies are often willing to accept a lower payment on your debt to close the account.
Americor contact info
| Phone number | 888-211-2660 |
| Customer service hours | Weekdays: 5 a.m. to 8 p.m. PT Weekends: 5 a.m. to 5 p.m. PST |
| info@americor.com | |
| X, formerly Twitter | @americorloans |
| @americorfinancial |
How to qualify for Americor
You only need to meet a couple of basic requirements to enroll in Americor’s debt relief program. They are:
- Be located in a state that the company services
- Have at least $7,500 or more in unsecured debt
How the debt settlement process works
Americor’s debt relief process typically includes the following steps:
- Receive a free debt analysis. You share details about your financial situation, and Americor creates a personalized plan.
- Open a dedicated account. Instead of paying creditors directly, you make monthly deposits into a separate account that builds funds for settlement offers.
- Proceed through negotiations. Americor contacts your creditors to negotiate reduced payoff amounts or may recommend a consolidation loan if it’s a better fit.
- Pay settlements and fees. Once agreements are reached, creditors are paid from your account. Americor then charges a fee of 14% to 29% enrolled debt after your debts have been settled.
How Americor compares to other companies
What is the Finder Score?
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Americor reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 4.73 out of 5 stars, based on 5309 customer reviews |
| Trustpilot Score | 4.7 out of 5 stars, based on 16,069 customer reviews. |
| Customer reviews verified as of | 25 August 2025 |
On the Better Business Bureau (BBB) website, customers praise the company for its debt relief solutions, debt consolidation loans and financial expertise. The same goes on Trustpilot, where reviewers give soaring reviews about helpful, knowledgeable and transparent customer service representatives.
Negative reviews are not common, but those who complain usually take issue with the length of time it takes, not saving enough, the fees charged and being sued by creditors in the meantime.
What do people on Reddit say?
Risks to debt settlement
Before you enroll in a debt settlement service, you should review the associated risks. Here are a few to begin with:
- Damage to your credit. When you settle your debt, oftentimes the amount isn’t marked paid in full on the borrower’s credit report. This means it still shows you owe the payment, which will impact your score.
- Tax implications. If your debt is canceled, forgiven or discharged for less than the amount owed, the amount of the canceled debt is taxable, according to the IRS.
- Negotiation problems. If you sign up with a debt settlement company, there’s always the risk that creditors reject their negotiation offer and you end up where you started.
- Increased costs. Debt settlement is a service that typically requires you to pay fees, most often as a percentage of the debt you enroll. These costs can reduce the overall savings you expected from debt settlement.
Frequently asked questions
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Christi Finder
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