Like millions of Americans, debt is a number that represents a weight of shame, late-night worries about whether the lights would stay on, not to mention the constant fear of answering the phone. 

If you’ve ever felt that same heaviness, you know debt is more than a financial problem, it’s an emotional one. It can mess with your peace of mind, strain your relationships, and make the future feel like a wall you can’t climb. 

As the old saying goes, “Small debts make us poor, large ones make us slaves,” The truth of that line still echoes today. And that’s where companies like Accredited Debt Relief come in. They position themselves as a lifeline, a way to make debt less crushing and more manageable.  

But before you rush into a program that promises financial freedom, it’s important to know exactly how it works, who it’s for, and what the trade-offs look like in real life. 

What Is Accredited Debt Relief? 

Accredited Debt Relief isn’t a bank, and it doesn’t lend money. It’s a debt settlement company. Founded in 2011 and based in San Diego, the company partners with negotiators who work with your creditors to reduce what you owe. Their goal is simple: settle your debts for less than the full balance. 

Most people who turn to Accredited are struggling with unsecured debt such as credit cards, medical bills, or personal loans. For those who feel cornered by minimum payments, collections, or the looming threat of bankruptcy, Accredited can feel like a lifeline. 

It’s worth noting that the company has an A+ rating from the Better Business Bureau (BBB), which offers reassurance for anyone nervous about scams in the debt relief space. 

How the Debt Settlement Process Works 

Debt settlement isn’t an overnight fix. It’s a process, often a long one. Here’s how it typically unfolds with Accredited: 

Free Consultation: You start with a no-cost call where they review your financial situation. This helps determine if you’re a good fit.

Stop Paying Creditors: Instead of sending payments directly to your credit cards or loans, you deposit money each month into a dedicated savings account. 

Negotiations Begin: Accredited steps in to negotiate with your creditors, often aiming to reduce your total balance.

Settlement Payments: Once a deal is reached, the money from your savings account is used to pay off the agreed amount. 

This process usually takes 24 to 48 months, depending on how much you owe and how quickly creditors agree to negotiate. 

Who Is a Good Fit for Accredited Debt Relief? 

This program is mainly for people with $10,000 or more in unsecured debt who are struggling to make minimum payments, already in collections, or considering bankruptcy. 

It’s not meant for everyone: 

• It won’t work for secured debt (like mortgages or car loans).

• It’s not ideal for someone who needs to protect their credit score in the short term.

Advantages and Disadvantages of Accredited Debt Relief 

Like most solutions, this one comes with trade-offs. 

Pros: 

• Potential for major debt reduction.

• Free consultation to explore your situation.

• A structured way to avoid bankruptcy.

• Accredited by the BBB with an A+ rating.

• Personalized repayment plans. 

Cons: 

• No guarantee settlements will succeed.

• Your credit score will take a hit.

• High fees: 15%–25% of enrolled debt.

• Not available in every state.

• You may still face late fees, collections, or lawsuits while negotiating.

Costs, Fees, and Timeline 

• Fees: 15%–25% of the total debt you enroll.

• Program Length: 2–4 years.

• Savings: Depends on the size of your debt and how creditors respond.

• Taxes: Forgiven debt may be counted as taxable income by the IRS.

Importantly, you don’t pay upfront fees, you only pay if settlements are reached. 

What People Say About Accredited 

On review sites like Trustpilot and the BBB, many customers highlight feeling relief and support once they enrolled. They talk about helpful customer service and the emotional weight lifted when someone else takes on the negotiation process. 

Of course, not all experiences are glowing. Some customers report frustration over how long settlements take or miscommunication along the way. The common thread? Success usually comes with patience and a willingness to stay engaged throughout the process. 

Should You Consider Accredited? 

Accredited Debt Relief can be a real option for people carrying heavy unsecured debt with no clear path forward. It won’t erase financial stress overnight, and it does come with risks. Your credit score will dip, and fees can be steep. But it also offers structure, guidance, and in many cases, real savings. 

The choice comes down to your situation. If you’re staring at debts that feel impossible to handle, Accredited could help you reclaim a sense of control. Still, weigh the costs, risks, and timeline carefully and consider starting with their free consultation before making a decision.