How Credit Associates Works
- Free Consultation: You discuss your financial situation with a consultant who reviews your debts and determines if you qualify.
- Monthly Deposit Plan: You make monthly deposits into a special-purpose savings account.
- Debt Negotiation: Negotiators attempt to settle individual debts for less than the original amount owed.
- Settlement & Completion: After each settlement, the amount agreed upon is paid from the special account.
This program usually spans 24 to 36 months or longer, depending on individual circumstances.
Types of Debt Supported
Credit Associates focuses on debt settlement, not loans. Specifically, deals with unsecured debts, including:
- Credit card balances
- Medical bills
- Personal and business unsecured debt
It does not handle secured debt such as mortgages or auto loans.
Fees & Savings
- No upfront fees; clients are not charged until settlements are successful.
- Typically charges a percentage of the enrolled debt.’
- Clients who complete the program may see overall savings after fees; the results will depend on individual debt profiles and creditor negotiation outcomes.
Who Is Credit Associates Best For?
Credit Associates is a good option for U.S. consumers with significant unsecured debt (often $10,000+) who:
- Want to reduce the total owed amounts through negotiation.
- Prefer a structured monthly plan.
- Are willing to accept short-term impacts on credit scores.
Less suitable for those who:
- Need traditional debt consolidation loans.
- Have primarily secured debts.
- Cannot maintain consistent monthly contributions.
Risks & Important Considerations
- Debt settlement can negatively impact credit scores.
- Settlement success is not guaranteed; outcomes depend on creditor cooperation.
- There is a risk of continued collection activity or legal action while debts remain unresolved.
- Only unsecured debts are eligible.
Help & Support
Credit Associates provides customer service by phone, with specialists available to walk clients through their options and updates on progress. Their support line operates Monday through Friday, 7:00 AM to 8:00 PM CST.
Clients can also reach out via a secure online portal or request a callback through the website. While live chat is not available, the platform offers an extensive FAQ section and basic resources.
Phone: (800) 983-6693
Hours: Mon–Fri, 7 AM to 8 PM CST
Website: www.creditassociates.com
Address: 5050 Quorum Dr #700, Dallas, TX 75254
Conclusion
Credit Associates offers a structured debt settlement program for consumers looking to reduce unsecured debt through negotiation rather than traditional debt consolidation loans. With no upfront fees, personalized consultations, and a long-standing presence supported by a BBB A+ rating, the brand is a viable option for those who understand the risks involved. While outcomes vary and credit impact is a concern, Credit Associates remains a frequently chosen solution for debt relief in the U.S.
Disclaimers
AI was used to create this content, with human validation and proofreading.
