I Buy Junk Mail

Can This Credit9 Mailer Lead to a Debt Settlement Sales Pitch?

Written by Steve Rhode

At first glance, the mailer a reader just sent in for Credit9 appears to be just a vanilla personal loan mailer. However, two things caught my eye. The first was the nearly unreadable disclaimers on the bottom of the Credit9.com site.

The second quick thing was when the privacy policy said, “The Americor Financial (“We” or “Credit9”)”. So is there a direct relationship with Americor or related companies where a consumer might be flipped and pitched debt relief services instead of getting a loan?

There is also this direct link between Americor, Americor Funding, and Credit9. The Americor client login uses the same California lender registration number (CA CFL 60DBO-83965) that Credit9 uses.

A recent comment on Someone Asked Me About Americor Funding Personal Loan Offer makes some statements that would make me suggest that if any consumer is pitched debt relief services after applying for a personal loan they should take a closer look at who they are dealing with. Here are some free guides to use.

  1. The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
  2. 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
  3. How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off

This mailer was sent to me through my I Buy Junk Mail program. If you have junk mail you’d like to sell, click here. To see other mailers, click here.

Another issue that makes me furrow my brow is why does the Credit9 mailer try so hard to look like official mail?

Credit9, Inc does have an A+ rating with the BBB at the time of this post. Curiously they have a 1.5 star rating also.

I did feel like the company response to this consumer complaint on the BBB site was kind of a swing and a miss.

READ  Americor Financial - Consumer Complaint - November 19, 2018

The issue was not the credit card part.

Another comment adds to my wondering if the loan mailer may lead to something else. A BBB commenter got this response allegedly from the company.

“Once the full application is received and full credit is ran, a client may receive a modified offer. We certainly hope to provide clients with the mailed offer but if we can not we provide modified offers to serve as the best financial option based on findings in the full credit review. The Conditional Line of Credit is a pre-qualified offer. After your enrollment into our program, you receive instant approval for our Conditional Line of Credit, as low as 0% APR for 12 months. It becomes available to clients after they have made 12 consecutive payments into their dedicated accounts and have met other internal requirements, so they can pay off their remaining creditors. ”

If anyone receives a mailer from Credit9, contacts the company, and is pitched an alternative product instead of a straight loan, I’d be most appreciative if you could provide feedback in the comments section below.

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.


  • hi, I received the same thing too. They need to put down more clear instead of tricking the customer for pre-approved and it not a personal loan. When you read the fine print is small in 7 points size you need a thick glasses to read it.
    Again this is NOT a personal loan, it same as a debt relief program. in the fine print it says “we do not guaranteed that you will ultimately be approve for any type of loan.” Then they know better than trick you with CONGRADULATIONS! You have been pre-approved for $37,741 Personal Loan.”

  • Just got contacted by Credit9. Seemed legit. I have 35k in CC debt at about $900/mo pmt. Their pitch was they would negotiate a settlement and we would pay Americor $700/mo for 12 months. If we didnt screw up any of their terms, at the end of the 12, they would issue us a Americor loan and pay off the CC debts. We would then have a $650 pmt for 38 months and be done. The 12 month term would hit our credit score because we are negotiating a lower settlement with the CC companies, but Credit9 says that goes away quickly (not 7 years) because you pay the negotiated rate off in full at the end of 12 months. I’m not sure that is accurate. They say ‘paying the settled amount to 0 is not the same thing as the settlement that follows your credit score for 7 years’. Not sure.

    • If your numbers are correct you will be paying $33,100 ($8,400+$24,700) in monthly payments to resolve $35,000 in credit card debt, have a delinquent credit history, and up to seven years of reporting the delinquent history. The plan you laid out seems like it will take 50 months (12+38) and the forgiven debt may be taxable and you may face being sued.

      If that’s the path you want to follow, then great. It sounds like they explained the program in a way that seems like a good idea for you in your specific situation. Just compare that against filing a Chapter 7 bankruptcy for $1,900, discharging your credit card debt in 3 months with legal protection and no tax consequence.

      My hope is always that people research all their options and are completely confident the approach they select is best for them.

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