AmeriDebt

Pros: They can help people who are very bad with debt management
Cons: The have many fees that are NOT disclosed, in the web site!

Is high debt starting to make you feel down? Do you have almost no cash left over, after your minimum monthly payments are made on your installment loans and your basic expenses are met? Many people find themselves in this situation. Some can discipline...

Pros: Make one payment instead of 3, 4, 5, 6, or 14.
Cons: Fees, no monthly savings.

Ameri-Debt is a non-profit debt counseling organization designed to reduce and ultimately eliminate consumer debt. Most of us have probably seen their commercials - even if we have no need for such services, but like most organizations or...

Pros: They don't harass you. Their website.
Cons: Everything else.

It has been about a year and half since I wrote my first review of AmeriDebt. It wasn't one of my best, in fact, I think it was one of my worst, but it has generated more questions and more money than any review before or since. Why is that? It's very...

Pros: makes you cancel your cards, pays all accounts on program at once
Cons: Terrible service, no follow through, barely lowered interest, RAISED interest on 1 card!!

Like many young couples we've gone out, spent some money on things we didn't need, and some we did, and got ourselves in quite the hole! Now, we're struggling to get out. So we find ourselves almost 15,000 in debt and we need HELP! So I hear about Amerid ...

Pros: None
Cons: Took our money and didn't pay anyone, broken promises, surprise fees, no cost savings, no refund, no communications

We signed up with AmeriDebt, thinking our first payment was going to help lower our balances. Instead, AmeriDebt pocketed all of that money for themselves!

We signed up in February for payments starting in March. We make our first payment....

Pros: Not a one.
Cons: Fees, don't do what they say. POOR customer service.

I am writing this opinion for my girlfriend. I have dealt with this company first hand so this is not a third person raving.

First of all if you are thinking about Ameridebt DON'T!!! If your debt is that bad call the CC companies yourself...

Pros: NONE!
Cons: Deceptive, NOT non-profit.

It is a little embarrassing to admit that we have let our debt get out of control, but it wasn't entirely our fault. However, it doesn't make a whole lot of difference how we got here, the point is that we're here now and are trying to get out...

Pros: A web site, this is used for advertising.
Cons: This company has 100's of complaints with the BBB FTC

Short History: I ended up in debt due to some bad choices and due to the economy. My yearly income has decreased over 50%. I had tried to hold my own with my creditors but the nasty unhelpful annoying phone calls I received had me searching for help. I...

Pros: some lower interest rates, much shorter payoff time great with credit cards
Cons: does not help with other debts like payday and student loans parking tickets

Debt consolidation does mean giving up the cards and not having credit available to you until the program has been resolved (we are talking about a 3-7 years commitment.) If Ameridebt was so wonderful, why would't I just refer everybody there. Very...

Pros: None
Cons: Not truthful, will hurt your situation

My husband and I got into debt while fighting for custody of his son. We won custody but were unable to pay our credit card bills and the law fees. He found Ameridebt while searching Yahoo. They sounded good; especially the non-profit part so we...

Pros: Nice Logo
Cons: They are nothing but Theives

Well Finally, I get to vent on Ameridebt. If I knew all these complaints were on this site sooner, I would have stayed away from them.

Anyway to get to the point. Remember this saying if you dont remember anything else; "A promise is a...

Pros: none
Cons: Biggest mistake I ever made

Well here's another Ameridebt complaint to add. I signed up with them about a month and 1/2 ago. If you check their web site in the faq section this is what it says:


Q: How much will it cost me to be on the Debt Management Program?...

Pros: Good for people with MAJOR credit card debt ONLY.
Cons: nOT A VERY HONEST COMPANY.

I have never had more problem in my life until I decided that my husband and I should get credit help. We chose Ameridebt because we had heard about them from a friend of the family. We thought, "Hey if they helped them, maybe they can help us." Boy...

Pros: They actually do significantly reduce your interest payments.
Cons: Shady practices, don't reduce overall payments.

Basically, Ameridebt sucks.
One thing I would like to say in their defense however, is about so many people saying they took the first payment without telling them - apparantly none of these people bothered to read the contract they signed, as it...

Pros: negotiated my CCs down to 0% interest. They do the job I expect them to do.
Cons: none

I've been with Ameridebt for about 6 months and they are okay. I guess I'm lucky because I only have 3 creditors on it, and I knew about the $6 a month charge before going into it. Also, I don't recall them telling me that the initial payment was...