I’m Worried About Americor. What Can You Tell Me?


Dear Steve,

I just signed a contract with Americor to settle 6 high credit card balances.

After reading a few reviews, I am really getting nervous.

Can you tell me if you know anything about the company?



Dear Debra,

Well here are all my past posts about Americor. I encourage you to browse them.

Your question seems so easy, but it is actually a very tough question to answer. It appears you might have lept for the offer before checking out the company to your satisfaction. I get it. People do that all the time with every single company.

I publish the following free guides to help verify the company you want to work with meets your comfort level.

  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 Counseling or Settlement Company for You
  3. How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off

But Here is the Big Issue

I feel like you are asking to delegate your decision-making responsibilities to make up for your missing investigation and delegation to someone else to decide for you before you signed up.

If you give your power to others to make the best decision for you, you are going to be disappointed.

It can come as no surprise that a commissioned salesperson at any company will say what they can to close the deal and make the sale.

My bigger concern is not about Americor, but if a settlement solution is even right for you in your situation? What about bankruptcy? With bankruptcy, you can be out of debt in 90 days for less than $2,000. Then you can get back to building your credit score, and savings account to protect you moving forward.

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

A debt settlement solution works best when you are already delinquent, willing to take the credit report hit, understand there might be a tax liability, and have cash on hand to settle now. There is a time when settling debt can make sense as well given a unique personal situation. For example, the student loan cosigner that wants to be released from their obligation.

See also  Someone Asked Me About Americor Funding Personal Loan Offer

While I’m honored that you trust me enough to ask me your question, making an important life decision based on something you read on the internet is never going to be the most targeted solution.

Don’t pick the type of surgery you are going to get before you have a diagnosis.

So here is what I would suggest, talk to my debt coach friend Damon Day and have a conversation about your current situation, what you are hoping to achieve and what solutions will be best to accomplish your goals.

Think of this as a second opinion from a debt doctor.

If you come to the conclusion that a settlement approach is smart and you are comfortable with Americor, then stick with them.

With the right diagnosis, the right surgery, and the right entity helping you to conduct that surgery, you can have the outcome you desire.

Damon Day - Pro Debt Coach

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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.
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