Americor (www.americor.com) is a U.S.-based debt relief company that offers debt settlement, credit counseling, and, unlike many competitors, their own in-house debt consolidation loans. Based in Irvine, California, they promote themselves as a one-stop solution for people struggling with high-interest unsecured debts like credit cards and personal loans. While Americor is one of the few debt relief companies that also lends money, this model may not be the best fit for everyone, especially if you’re already behind on payments or have a low credit score.
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Company’s Snapshot
- Official Name: Americor Funding, LLC
- Official Website: www.americor.com
- Phone: (866) 333-8686
- Headquarters: 18200 Von Karman Ave, Irvine, CA 92612
- Service Available in: Most U.S. states (exclusions vary, check eligibility)
- Founded: 2008
Legitimacy, Ratings & Reviews
Americor is a legitimate, licensed debt relief provider and direct lender. They are accredited by the American Fair Credit Council (AFCC) and certified by the International Association of Professional Debt Arbitrators (IAPDA). They’ve helped thousands of clients resolve debt, but mixed reviews highlight concerns about customer service and confusion around their loan offers.
- BBB Rating: A+ (4.39/5 – 1,545 reviews)
- Google Reviews: 4.6/5 (3,200+ reviews)
- TrustPilot Reviews: 4.8/5 (6,900+ reviews)
- Certifications: AFCC, IAPDA
- Combined Reviews: 11,600+
- Average Rating: 4.67/5
Americor has plenty of 5-star reviews, especially for fast approvals and early program success. That said, we found that New Era Debt Solutions edges them out for client satisfaction, especially when it comes to fee transparency and results-based performance.
Services Offered by Americor
- Debt Settlement: They negotiate with your creditors to reduce what you owe.
- Debt Consolidation Loans: Americor is a licensed lender offering in-house loans for qualified borrowers to consolidate high-interest debts.
- Credit Counseling: Their team may recommend educational or budgeting tools to support your financial goals.
- Debt Relief Programs: A combination of settlement and consolidation options depending on your financial profile.
Pros 👍:
- They’re a Lender: Unlike most debt relief companies, Americor can issue debt consolidation loans directly, no third-party lenders involved.
- Quick Pre-Approval: You may receive a quote for a consolidation loan in minutes online.
- Comprehensive Approach: They offer both settlement and lending under one roof.
- No Upfront Fees for Settlement: They follow FTC rules and charge settlement fees only after results.
Cons 👎:
- High Loan APRs: If you qualify for a loan with poor credit, interest rates may be as high as 29.99%.
- Not Available in All States: Some consumers are not eligible depending on where they live.
- Mixed Customer Experience: Some clients report confusion between settlement programs and loans, leading to unmet expectations.
- May Encourage Borrowing: Debt consolidation loans aren’t always a smart move, especially if your financial situation is unstable.
Debt Types They Can Help With
According to Americor, they help with the following types of debt:
- Credit Card Debt
- Medical Bills
- Personal Loans
- Collections & Charge-Offs
- Certain Payday Loans
They do not work with secured debts (auto loans, mortgages), tax debts, or federal student loans.
Final Thoughts
Americor is a solid option if you qualify for a low-interest debt consolidation loan and want the convenience of working with a lender that also offers settlement. But if your credit score is low and you’re primarily seeking debt reduction, not new financing, then we strongly recommend New Era Debt Solutions. Their no-loan, no-upfront-fee model and consistently high reviews make them the safer and more affordable choice for 2025.
👉 See if you qualify with New Era 👉 Read Our New Era Review
Frequently Asked Questions About Americor
1. Is Americor a legitimate debt relief company?
Yes. Americor is a legitimate debt relief provider and a licensed lender. They’re accredited by the American Fair Credit Council (AFCC) and certified by the IAPDA (International Association of Professional Debt Arbitrators). That said, it’s still important to compare your options, especially with companies like New Era Debt Solutions that don’t push loans and have higher customer satisfaction ratings.
2. How does Americor’s program work?
Americor offers two types of services:
• Debt settlement, where they negotiate with creditors to reduce what you owe.
• Debt consolidation loans, which combine multiple debts into one monthly payment, with interest.
Depending on your situation, they may offer both. Some customers prefer the convenience of an in-house loan, while others want to avoid taking on more debt and choose a settlement plan.
3. Does Americor charge upfront fees?
No. If you enroll in their debt settlement program, they only charge fees after a settlement is reached. This is required by the FTC. However, if you take a consolidation loan, interest will apply from day one, just like any personal loan.
4. Will Americor hurt my credit score?
It depends. Their debt settlement programs can initially hurt your credit score, especially if you stop making payments during negotiation. If you take out a consolidation loan and keep up with payments, it may actually improve your score over time. However, if you’re primarily looking to get out of debt, not take on new loans, Americor’s loan-first approach may not be ideal.
5. What kind of interest rates does Americor charge on loans?
Interest rates vary based on your credit score and debt-to-income ratio. Some clients report rates as low as 14.99%, while others get approved at nearly 30% APR. Be sure to read the fine print before accepting a loan offer.
6. What types of debt does Americor help with?
Americor focuses on unsecured debts such as:
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Credit cards
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Medical bills
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Personal loans
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Collections
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Certain payday loans
They do not help with secured debt (like mortgages or car loans), student loans, or IRS tax debt.
7. Can I apply for a debt consolidation loan online with Americor?
Yes. Americor allows you to check your eligibility online in just a few minutes. However, just because you’re approved doesn’t mean it’s the best choice. Always compare with other options, especially non-lending firms like New Era Debt Solutions if you’re looking to reduce your debt without taking on more.
8. Is Americor better than National Debt Relief or TurboDebt?
It depends on your goals. If you want a loan and your credit is decent, Americor is one of the few debt relief companies that lends directly. If you’re seeking traditional settlement with no new credit lines, companies like New Era Debt Solutions may be a better fit, especially given their outstanding client reviews and results-based fee model.
9. How long does Americor’s program take?
Most Americor settlement plans take between 24 to 48 months. Debt consolidation loans may last anywhere from 2 to 5 years, depending on your repayment terms.
10. What’s the main downside of Americor?
The biggest drawback is the potential confusion between settlement and loan offers. Some users enroll expecting help reducing debt, only to be pitched high-interest loans. If your credit is already suffering, you may not even qualify for their loan, and settlement could still impact your credit further. If you’re uncomfortable taking on more debt, consider companies that only focus on reduction, like New Era.
Amine is an entrepreneur, investor and financial writer that covers the US economy, inflation, alternative investments, cryptocurrencies and more. He has been involved in the space for over a decade.
