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Reviews: Americor Debt Relief

Home » Reviews: Americor Debt Relief

Reviews: Americor Debt Relief and Settlement Company

Are you considering debt consolidation options and want to learn more about Americor? Reviews from the internet can help you better understand how the company operates and collect real valuable feedback from its customers. The following summary provides a detailed review of Americor Debt Relief, legally known as Americor Funding, LLC.  

Our team at analyzed reviews from across the web and we will now share our findings. After reading this review, check out the Top 20 Best Debt Relief Companies for 2023. Americor made the list!

To help you evaluate Americor, we researched and gathered information about–

  • How the Americor debt relief program works
  • Americor’s Accreditations and Licenses 
  • Pros and Cons of the Americor debt settlement program
  • Details about the cost of its program 
  • How Americor’s financial solutions can affect a person’s credit score
  • The company’s overall reputation online, gathering both positive and negative reviews from the most trustworthy sources
  • Lawsuits connected with Americor and the details

Americor offers debt consolidation services via a loan, debt settlement, or bankruptcy management. However, determining which service to use and how to consolidate debt will depend on several personal factors, including your credit score, budget, and the type of debt you owe (credit cards, loans, mortgages, medical bills, etc.). In addition, the balances of each account, your payment history, and your personal goals all play a role in determining your best debt relief option.

Before enrolling in Americor debt relief services, it’s especially important to understand the company’s history, credentials, complaint history, the program’s cost, and if any hidden fees or strings are attached.

About Americor:

  • Legal Name: Americor Funding, LLC
  • Industry: Debt Relief/Settlement
  • Address: 18200 Von Karman Ave Fl 6, Irvine, CA 92612-1023
  • Website:
  • Phone: (866) 333-8686
  • Licensed for Debt Settlement and Lending
  • Where is Americor Available? Nationwide
  • Certifications and Accreditations: American Fair Credit Council (AFCC), International Association of Professional Debt Arbitrators (IAPDA), Receivables Management Association (RMA), BBB Accredited Business (A+)

What is Americor?

Americor offers a wide range of debt settlement and debt relief programs, in addition to bankruptcy and credit counseling services. Depending on what type of debt relief approach is the best for you, Americor negotiates with your creditors and reaches agreements with them. They then build a debt consolidation program and determine a monthly payment for you to consolidate all of your applicable debt. Americor is a performance-based debt settlement program, meaning they only charge fees after a debt is negotiated, and the reduced amount of debt is agreed upon by all sides.

There are differences between debt relief, debt consolidation, and debt settlement, so be sure to research these services to determine what will work best for you. 

Debt relief services are for consumers who cannot reasonably afford to pay unsecured debts on their own and need “forgiveness” from creditors in the form of a reduced total debt amount. For the creditor, they are an attempt to get some monetary value from your debt. Americor is not a creditor. They negotiate your debt with your creditors while taking a percentage of your payments as their fee for services.

As a credit card debtor, you will become eligible for an Americor credit card settlement program once you have fallen behind on monthly payments and your debt has been sold to a debt collector. If your account has become delinquent, Americor steps in to manage the process, negotiating, reducing, and settling the debt. Your debt account is then reported to have a zero-dollar balance.

How Does Americor Work?

The Americor credit card debt settlement program starts by gathering your information on its website. Its short survey will determine if you qualify for coverage and debt consolidation services. If you are approved, Americor then negotiates with your creditors and collection agencies. Once all agreements are in place, you will have a single monthly payment to make. You must make all payments in full and on time to remain in the debt settlement program. This single monthly payment is generally lower than the sum of all your minimum monthly credit card payments combined. The monthly payment will be based on what your budget and income can afford. 

As you continue to make monthly payments, these funds accumulate in a special-purpose savings account. As the funds in this account reach certain thresholds, Americor will step in once again to negotiate with the debt collection companies to settle an open account with them. A lump-sum payment will then be made to the debt collector, removing it from the savings account. 

If you’re considering debt settlement, it is vital to your financial health to understand the potential consequences and alternatives. For example, only some creditors will agree to debt settlement, and Americor will negotiate only with the collections agencies that agree to negotiation. The best way to determine if debt settlement is right for you is to weigh the pros and cons, and carefully consider all options before moving forward.

How Quickly Can I Expect to Pay Off My Debts? 

This will depend on your unique situation. Additionally, your payoff timeline is dependent on how much debt you enroll in Americor’s program, and how fast you can save. As with all debt collection situations, the debtor is encouraged to consolidate monthly payments such as TV cable services, media subscriptions, and extra cellphone services. According to Americor’s website, clients typically complete a debt resolution program in 24-48 months.

What Types of Accounts Qualify for Americor Debt Relief Solutions?

  • Credit cards
  • Medical bills
  • Personal loans
  • Some business debts
  • Unsecured loans
  • Third-party collection accounts

Note: Loans that are secured by collateral such as a home or an automobile do not qualify for Americor’s program.

What Credit Score Does Americor Require? 

The Americor website does not list any specific requirements. However, this is typical of many debt relief companies, as they have measures in place to help you pre-qualify without negatively impacting your credit score further. You should discuss this with the company before any inquiry on your credit score.

How to Qualify for the Americor Debt Relief Program?

Requirements for Americor include having a least one credit card or personal loan that qualifies you for financial hardship. Examples of financial hardships include, but are not limited to:

  • Reduction or loss of income
  • Sudden increase in expenses including unexpected accidents and property damage
  • Medical conditions and bills
  • Divorce and legal fees
  • Increased interest rates on monthly payments
  • Automobile and car accidents not covered by insurance

Is Americor Legitimate?

This question is commonly asked when reviewing debt consolidation, settlement, and debt relief companies. From our research on sites including and, Americor is a legitimate business, in operation since 2008. Of the nearly 9,000 Trust Pilot reviews, 89% are 5-star positive reviews. Americor has no online reports of scams or deceitful business practices. Additionally, Americor appears to be actively engaging customers and answering questions on its Facebook page. 

Americor has all of the necessary licenses and is accredited by the BBB, with an A(+) rating. This means that the governing body for all financial institutions has verified that this business is legitimate and operating within federal law. 

Americor Lawsuits

In 2019, a class action lawsuit was filed against Americor Funding alleging that the company violated various state and federal laws, including the Telephone Consumer Protection Act (TCPA) and the Credit Repair Organizations Act (CROA).

The lawsuit alleges that Americor Funding engaged in deceptive and misleading business practices, including making false promises to consumers about the services they would provide and charging excessive fees. Specifically, the lawsuit claims that Americor Funding misled consumers about the amount of money they would save through their debt relief services, and charged fees that were not properly disclosed.

The lawsuit seeks damages on behalf of consumers who were harmed by Americor Funding’s practices, as well as injunctive relief to prevent the company from engaging in similar conduct in the future.

It’s worth noting that the lawsuit against Americor Funding is ongoing, and the company has denied the allegations. If you have been a customer of Americor Funding and believe that you may have been affected by the company’s practices, you may want to consult with a lawyer to learn more about your rights and options.

Online, you may also come across the Americor class action lawsuit from December of 2022. The lawsuit alleges that Americor created a separate company, called Credit9, to offer loans. The attorney general’s office gave Credit9 a clear warning that legally it could not lend money to Americor customers because both companies had the same owner. Under Colorado law, a company that provides debt management services to a person cannot lend money or provide credit to that same person. Although the company was warned, Credit9 continued offering loans to Americor customers. “Attorney General Phil Weiser announced that his office has secured $200,000 in refunds for the 262 Colorado customers wronged by Americor and Credit9’s financial practices.”

Source: Phil Weisner, Colorado Attorney General

Is Americor Licensed?

Americor’s website legal disclaimer at the bottom of the site lists a CA Department of Financial Protection and Innovation (DFPI) License # 603K913. 

Being licensed is different than being BBB Accredited. Licensing is dependent on the states where Americor operates, and each state has different requirements for debt management licensing. 

For more information on California debt relief business licensing, visit the CA Department of Financial Protection and Innovation website.

Will Americor Debt Settlement Hurt My Credit Score?

Simply put, yes. Your credit score begins to take a hit as soon as your payments are marked as delinquent, which happens before you enroll in debt consolidation services. All debt negotiation programs can adversely affect the debtor’s credit score because the collectors of your debts don’t receive full payment, nor do they get paid monthly because your Americor payments go into a savings account until thresholds are met. However, once you have paid off several of your debt collectors, your credit score should begin to recover as long as you continue to make monthly payments on bills such as utilities or other accounts. 

Americor Debt Relief Program Pros

  • Free debt settlement consultation, assessment, and quote
  • No upfront fees
  • One fixed monthly payment
  • No limit to debt accounts enrolled as long as the collector agrees to the settlement
  • Flexible monthly payment options, catered to your finances and income
  • No pre-payment penalties
  • Average settlements of 50% or more or your debt
  • Erase late payments & fees
  • Nearly 15 years in business
  • Flexible with program debt types
  • A+ BBB rating
  • AFCC accredited
  • IAPDA accredited
  • RMA accredited

Americor Debt Relief Program Cons

  • Credit scores can decline, and late payment credit marks and collections accounts will remain on your credit report for up to 7 years
  • Late fees and collection costs can increase your account balance
  • Americor may have minimal debt requirements for their program
  • Collector may not agree to the settlement
  • Unpaid monthly debt settlement fees leave the debtor vulnerable to lawsuits
  • Any attorney appointment and protection must be handled by the debtor
  • Forgiven debt may count as taxable income


Americor Funding, LLC appears to be a fully legitimate company, with good reviews and a proven track record of debt settlement and negotiation over a nearly 15-year span of conducting business. 

Always be cautious when working with debt negotiators and debt settlement companies. Know where you stand in terms of your finances, what you can afford, and how quickly you want to get out of debt. Remember that debt settlement should be utilized after you’ve already become delinquent on credit card payments and other types of debt. 


Disclosure: does its best to provide factual and truthful information aimed at helping the public by giving honest debt relief, settlement, and consolidation reviews. However, please email us at if you believe any of the information on this page needs to be revised, and we will make appropriate edits. Always do your research, and do not rely solely on the information provided in this review. We are not responsible for the results of any program you choose to join. Check multiple sources for reviews, including your state’s AG office, FTC, and BBB. 


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