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  International Association of Professional Debt Arbitrators - IAPDA Certification Exposed

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.


  • My wife received one of these invites via mail today and called to inquire. The smooth talking lady said she’d be happy to help her reduce her payments. After asking my wife a few preliminary questions, she asked to run a soft credit check and proceeded to ask my wife for b-day & social. My wife was a bit apprehensive, but gave into the reps request. The rep said she’d call her back within 20 minutes. It was during this wait time that I discovered this thread and boy I tell you, I wish I would have read this thread before calling Credit9. After about 20 minutes, the rep called back, and went through the process of having my wife repeat her social and bday. She then proceeded to go over my wife’s credit profile, including account balances and so forth. Then, she was very smooth to say how they would go ahead and “re-negotiate” the payments to lower her monthly installments. By then, I knew they were full of shit and told my wife to cut them short! Based on this call, Credit9 used the mailer as a bait and switch to get unsuspecting people to renegotiate terms with their creditors. We were interested in a debt consolidation loan, not a negotiation of credit terms. Be aware of this company and their deceptive practices!

  • Wow, Credit9 or whoever they are must have sent out a mass campaign just before the holidays to try to capitalize on people that already struggle paycheck to paycheck, I’m glad I checked out “Get out of debt Guy” so I didn’t risk giving out my Social Security number like others have, It seems the best thing to remember when you receive these mailers, “if it sounds too good to be true, it isn’t true”.

  • I received the pre-approved, mailer that looks like a check. I went to the website and when I enter the code it did not work. Then I went to apply for a loan. When I spoke to the person on the phone, whose name was Arey Estrada. He asked me several questions, and had me agreed to a soft credit pull. Once he realize that one of the accounts I wanted to consolidate was Navy Federal Credit Union, he said he may not be able to work with me. Then he put me on hold to double-check. And then he came back and said it was against the law for him to work with a Federal Credit Union. I told him, I don’t understand if I’m trying to get a consolidation loan. He spoke fast and kept saying he was not able to work with me because it’s against the law. Then he quickly ended the call. Now I’m concerned about the fact that I gave my social security number. I know that was a dumb move. Should I freeze my credit?

  • Wow! The exact same thing just happened to me. I received a pre-approval letter for $50K. The letter has a bogus reservation code that does not work on the website, which forces you to call and have the person give you a debt consolidation sales pitch instead. It’s amazing that they can get away with this bait and switch!

  • received a mailer preapproved for $42,000 consolidation loan. Called and spoke with agent. First thing, loan was conditional on 2 step process.. She talked fast and smooth about how they were going to help me get out of debt. After asking several times she admitted they would negotiate with my creditors about the debt and then approve on the settled amount. I was not interested in debt negotiation. They mislead you.

  • My husband received one in the mail. Looks legit, sounds legit, but wait……the approval code value seems to be invalid??? The approval code is an A followed by 8-9 digits it says, but this one is 2 letters and then the digits. So, have to start from scratch and input info. Why would a company send a bogus approval/reservation code….??? Scammers!!! No company would!!!

  • Hi,
    I am currently holding a mailer that is almost identical to the one in the photo. Mine lists a call or go online to Americorfunding.com so they are aa part of them. Second I have received preapproved mailers before and when you are truly preapproved the part that looks like a check is actually a check and can be deposited in your account.

  • I just got a credit 9 mailer the other day. Called and was told I do NOT qualify for a loan but I do for qualify for a debt restructure loan and when I got the email explaining how it worked it had Americor stuff listed all over in it.

  • Hi, pretty much same story. Situation is similar. I asked about the tax consequence and was pitch that because i have not assets such as a house that I would be able to use form 982 c thru insolvency. They make is seem so easy to get good credit back again in 2 years. The skeptic in me thinks that its too easy for them to say.

  • 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.

Share a Comment / Leave a Reply

Scroll to Top
%d bloggers like this: