Signature Servicing Review: Is It A Scam? Find Out Here

If you are looking for a reliable debt relief company to help you get out of debt and back on the path to financial stability, look no further than Signature Servicing. This reputable debt solution provider has been helping borrowers across the United States since 2011 and has built a solid reputation for its commitment to providing customized solutions that fit each individual’s unique financial situation. Signature Servicing operates in 34 states and Washington, DC, and has over a decade of experience in the industry. Whether it is credit card debt, medical bills, or other forms of unsecured debt, Signature Servicing can help you find the right solution to fit your needs.

Overview Of Signature Servicing

Signature Servicing requires that potential clients have a minimum debt balance of $10,000. This ensures that they will be able to successfully settle the debt and make a profit. Additionally, if a client has multiple accounts, each must have a balance of at least $500 in order to be eligible for settlement. These strict requirements are designed to ensure that Signature Servicing can provide the most effective debt relief services possible.

Signature Servicing, a debt settlement firm, has taken a unique approach to fees by charging based on the amount a client saves with a settlement. This performance-based fee system incentivizes the firm to work harder to negotiate better settlements for their clients, as well as provides a sense of security for the client, as they only pay fees when a settlement is accepted. This performance-based fee approach is beneficial for both Signature Servicing and its clients, as it allows for greater savings for the client and greater rewards for the firm.

Signature Servicing is a debt settlement company with a commitment to providing trustworthy and effective services. This is evident through their accreditation from both the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA). The AFCC is the leading trade association in the debt settlement industry, and membership signifies a dedication to ethical and fair practices. Additionally, Signature Servicing’s debt resolution specialists have received training and accreditation from the IAPDA, which is a reputable organization that promotes professional standards for debt arbitrators. These accreditations demonstrate Signature Servicing’s commitment to providing its clients with the best services possible.

• This company provides debt relief services that are handled by their own staff, unlike other debt settlement companies that serve as middlemen for larger firms.
• Signature Servicing can be found in the majority of states, specifically 34.
• Signature Servicing has the capability to settle various kinds of unsecured debt and business debt, which encompass credit card debt, personal loans, payday loans, and some categories of student loans.
• Signature Servicing is a firm that has been operating for 12 years.

Signature Servicing Pros And Cons

Pros

• A member of AFCC.
• Employs debt specialists who have been accredited by the IAPDA.
• There is no fee for monthly consultancy.

Cons

• Each account needs to have at least $500 in balance.
• Clients who have a debt balance of less than $10,000 will not be considered.

Frequently Asked Questions (FAQs)

What Services Do They Offer?

Signature Servicing provides assistance to settle the following kinds of debts through their debt relief services: Credit card debt, personal loans, and business debt.

How Much Does Their Services Cost?

Signature Servicing uses a contingency fee system, which means they charge a percentage of the debt or savings negotiated by the debt settlement company at the time the consumer enrolls. Generally, clients in the debt settlement industry see a reduction of 45% to 60% of their enrolled debt.

Signature Servicing levies a fee amounting to 25% of the debt.

The cost of debt relief services may differ significantly depending on the client, therefore it is recommended to contact Signature Servicing directly to obtain an exact estimate.

Do They Offer A Money Back Guarantee?

Signature Servicing does not offer a refund policy. While some debt settlement companies may promise a money-back guarantee, this usually means that they will not charge you until your debt is resolved. However, it is against the law for such companies to collect upfront fees before settling an account. Therefore, these guarantees are of minimal benefit to customers.

How Much Is The Minimum Credit Score For Qualifying?

Signature Servicing is only interested in serving customers who have unsecured debts of $10,000 or above. If a customer has less than $10,000 of unsecured debt, it is recommended that they consider applying for a

Do They Have Any Accreditations?

The American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA) are the primary trade organizations in the field of debt relief services.

The Bottom Line

Signature Servicing, LLC has been operating for over a decade and is a reputable company, but the lack of customer reviews makes it difficult to determine customer satisfaction. Potential customers should look at the company’s reputation, experience, and any awards or certifications they have to make their decision. Despite the lack of reviews, their longevity suggests they have been successful.