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Americor Debt Consolidation Review: Will It Work For You?

Dena Standley | October 27, 2023

Dena Standley
Legal Expert, Paralegal
Dena Standley, BA

Dena Standley is a seasoned paralegal with more than 20 years of experience in legal research and writing, having received a certification as a Legal Assistant/Paralegal from Southern Technical College.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: Americor promises its clients they will be out of debt within 24–48 months. Various consumers have written reviews affirming this result. But some have taken longer while others haven't had a good experience with the company. Read on to learn more about Americor and how they operate.

Debt consolidation has saved thousands of debtors from drowning in debt and filing for bankruptcy. In your search for a debt consolidation company, you may have encountered Americor. It is a recent addition to the many debt relief companies that help consumers pay off their debts without accruing excessive late fees and interest rates.

Americor has attractive low-interest rates that pull in debtors desperate to reduce their debt balance. But as you consider them, it is crucial to carefully research their loan terms to ensure you are not caught off-guard.

In this article, we’ll break down what Americor is, how its debt consolidation services work, and what previous customers think about their services..

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What is Americor?

Americor is a California-based debt relief company that started and was incorporated on 3/18/2008. It has been accredited by the Better Business Bureau since 11/16/2015 and has an A+ rating. Americor partners with Fast Loans Funding and Credit9 to offer loans to debtors who qualify for debt consolidation. They also provide other debt relief services.

Below is the Americor debt consolidation phone number and other contact information:

  • New Client Consultations Phone: 888-211-2660
  • Client Services Phone: 866-333-8686
  • Address: 18200 Von Karman Ave, Suite 600, Irvine, CA 92612
  • Email: info@americor.com

How does an Americor debt consolidation loan work?

Even though Americor offers consumers relatively good debt consolidation services, you must read through their terms of service and consider some crucial factors that are not made clear when applying for debt consolidation. For instance:

  • Fees range from 15% to 25% and are calculated based on the % of your enrolled debt when you started the program.
  • You may still be contacted by debt collectors or sued while working with them.
  • Your credit score may be altered depending on your approach to consolidating and paying off each debt.

Now, let’s take a look at an example.

Example: Ann took a loan with Americor after she read that the amount she would borrow had a 0% interest rate. The hidden information was that the 0% applied only in the first year she took the loan. After the twelfth month, the interest rate changes depending on her performance in paying back the debt.


Before working with Amerior to consolidate your debt, confirm how much you owe the creditor by sending a Debt Validation Letter.

How does Americor debt consolidation work?

Americor debt consolidation services aim at helping debtors pay off their debt without adversely impacting their credit score. If you are considering using Americor to consolidate your debt, then these are the steps you will follow:

  1. You initiate the process by contacting Americor and requesting a free consultation they offer interested parties.
  2. Provide the agent with your debt information, and they will determine if debt consolidation will help you manage your debt.
  3. If they believe that debt consolidation will work for you, the agent will enroll you in the program, but you must provide your personal, debt, and financial details.
  4. Americor will contact your creditors to request a new repayment plan by asking for a lowered interest rate, reduced monthly payment, or extended repayment period.
  5. Once they get a deal with all your creditors, you'll begin making a single payment to Americor instead of multiple payments to all your creditors.

Americor states that you can become debt free in 24–48 months, but if you have a huge debt, it may take several more months or years.

Americor debt consolidation reviews

In the fifteen years that they have been in business, Americor has received excellent five-star customer review ratings, as seen in their BBB profile (4.71 from more than 1,500 reviews) and Trustpilot (4.9 from more than 15,000 reviews). Consumers have praised their customer services, the ease of application for the program, and manageable service charges.

On the other hand, some debtors haven't had a great experience with them, as seen in their BBB profile, where dozens of consumers have raised complaints. Here is an example of a real, recent complaint:

“I started a financial consolidation program with Americor, and I made 26 payments. They promised (I have the paperwork) that everything would be paid off in full by June 2023. They told me to stop paying the debtors and stop communicating with them. As of now, they only paid two of the accounts, and the debts will not be settled by June 2023. They screwed up my accounts. I get collectors calling me, my credit score went down, and financial charges have been accumulating since no payments have been made. I am really upset about this, and they are not helpful when I call them, even when I talked to a supervisor. Please help. I think they are scammers.”

You can avoid this type of frustration by settling your debt on your own. SoloSuit makes it easy to do just that. Keep reading to learn more.

Settle debt on your own

SoloSuit helps consumers like the one above settle their debts directly with the consumer with our SoloSettle service. The SoloSettle software helps you send and receive settlement offers on your own, so you don’t have to rely on a debt settlement company to do it for you.

In addition, our debt specialists monitor the entire process to ensure creditors do not scam you. SoloSuit will also protect your information and ensure you get all the documentation needed to prove the agreement. Learn more from the following video.

What is SoloSuit?

SoloSuit makes it easy to fight debt collectors.

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SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.

>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)

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