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Americor

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LAST UPDATED: May 8th, 2024

Americor is a debt relief company based in Irvine, California. The company has relieved more than $2 billion of debt. Its more than 400 employees provide debt settlement services to borrowers with at least $3,500 of debt. 

Americor offers a debt settlement program in which clients submit their information, consult with the company, and apply for a program. Then, the company assigns you a negotiator who works to settle your debts with your creditor or creditors, typically for 55 to 65 percent of the original enrolled balance.

Like most debt relief companies, Americor works with unsecured debt such as credit card debt or sometimes personal loan debt. If you have significant secured debt, such as mortgage or car loan debt, a debt relief company is probably not going to be able to help you.

Read on for more features about the company, or scroll to the bottom to find verified Americor reviews.

Video Customer Reviews

Tammy Ross Customer Review Video About Americor

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Jeronimo Herrera Customer Review Video About Americor

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The Good

  • Comprehensive Debt Services
  • Simple Process
  • No Upfront Fees
  • Accreditations
  • Americor Reviews

Comprehensive Debt Services

Americor’s debt relief program helps with common creditors, banks, and delinquencies including, but not limited to, credit card debt, payday loans, medical debt, private student loans, lines of credit (LOCs), and personal business debts.

While the services outlined above are typically offered by most debt relief companies, Americor sets itself apart by also offering debt relief programs for auto repossessions, mortgage debt, tax debt, and cellular debt.

Simple Process

Americor offers a simple path to debt relief. You submit how much debt you have and the company provides you with available debt relief options.

Then, the company helps you apply for the right debt relief plan, and if accepted, you are enrolled and assigned a negotiator that will work to settle your debts with your creditors. Typically, negotiators are able to settle for 50–60 percent of the original balance.

After you have completed the program, you work to pay off your remaining, lower debts, and ultimately achieve a debt-free life.

No Upfront Fees

Like many other reputable debt settlement companies, Americor doesn’t charge customers for its services until after it has settled their debt. This is a feature you should always look for in a debt relief company, and you shouldn't trust a company that does not offer a free consultation.

Accreditations

Americor has been certified by the American Fair Credit Council, the International Association of Professional Debt Arbitrators, and the Receivables Management Association.

The American Fair Credit Council is a consumer advocate group and the leading debt settlement company association. Certification by the American Fair Credit Council signifies adherence to a strict code of conduct, regulatory guidelines, and industry best practices. Additionally, all American Fair Credit Council members agree to not charge customers until after successfully negotiating their debt. 

The International Association of Professional Debt Arbitrators’ certification communicates that a debt settlement company is committed to a high level of training and certification. 

Companies that are certified by the Receivables Management Association must pass the association’s background check and adhere to industry best practices.

Americor Reviews

On BestCompany.com, 85 percent of Americor reviews are 4 or 5 stars. Satisfied customers frequently highlight the following about their experience with the company:

  • Stress-free process
  • Ease of tracking progress through email notifications and the Americor app
  • Courteous and knowledgeable company representatives — many customers remark how the reps they worked with helped them feel calm and comfortable, in addition to answering their questions and concerns.

It is worth noting that Americor has a near perfect score among clients in the service category. This bodes well for those considering working with the company. One Americor review mentions that the company is "always there" and calling back. General consensus among Americor reviews is that the company excels in customer service.

However, some customers mention receiving notifications from creditors and bill collectors after starting service with Americor, which can cause stress or concern. However, results of debt relief service aren’t typically immediate, and receiving such notifications are not necessarily an indication that your service isn’t working.

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The Bad

  • Limited Services

Limited Services

While some debt relief companies offer multiple kinds of services, Americor appears to offer only debt settlement services, and not debt consolidation or credit counseling. This limits what the company can do for you but could also mean that Americor is more specialized in debt settlement than other companies that try to handle a variety of financial issues under one roof.

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The Bottom Line

Americor offers debt settlement services in 34 states from its headquarters in Irvine, California. 

The debt relief company has numerous certifications, which speak to the company’s commitment to ongoing training, adherence to industry best practices, and compliance with regulatory guidelines. For example, Americor’s certification through the American Fair Credit Council means the company does not charge for its services in advance. Thus, Americor customers can rest assured that they won’t be charged unless and until the company successfully settles their debt.

Americor primarily offers debt settlement services. However, additional services, such as debt consolidation or credit counseling, are available to those who have been enrolled in a debt relief program for some time.

To learn more about specific programs and pricing, it is best to contact Americor directly to find out whether the company is a good fit for you and your financial needs.

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Americor Frequently Asked Questions

Will I owe taxes on the amount of debt that is forgiven through a successful negotiation?

Some creditors may issue a 1099c for the amount of debt forgiven over $600. If this occurs, you may be able to file form 982 with your income tax return to offset any tax liability. To learn more about the impact of cancelled debt and how to offset potential tax liability, read publication 4681 on the IRS website.

Will I be able to enroll all of my debts in Americor's program?

No. The program focuses on unsecured debt like credit cards, medical bills, and personal loans. Loans that are secured by collateral such as your home or an automobile do not qualify for our program.

Can I negotiate my own debts?

The short answer is yes. It is possible for you to contact your creditors directly and negotiate your own debts. However, Americor negotiators have years of experience and direct relationships with creditors and collection agencies. Unless you are a skilled negotiator and extremely knowledgeable about the credit and collection industry, you may not be able to negotiate agreements as favorable as the ones Americor negotiators may reach on your behalf.

Who is holding the funds I save each month?


By law, all debt resolution providers are required to use an independent third-party payment processor to hold consumer funds while the consumer is enrolled in a debt resolution program. After enrolling in Americor's debt resolution program, the company will assist you in setting up a savings account with a licensed, third-party payment processor who will hold your savings funds and distribute all negotiated payments to your creditors in a timely manner. You are the owner of this account and you control all of the funds deposited and debited from the account.

Does a debt resolution program help repair my credit once I have completed the program?

No. Americor is not a credit repair company, and it does not offer credit repair services. However, negative items remain on your credit report for up to 84 months (7 years), so the sooner you are able to resolve your debts, the sooner you will be able to rebuild your credit with new credit accounts and timely payments.

Does a debt resolution program affect my credit score?

If you do not make timely minimum payments each month, or if you allow your credit cards to go into a charge-off status after six months of no payment, your credit score will be negatively impacted. This is true whether you enroll in a debt resolution program or not. The sooner you are able to resolve your delinquent accounts or negotiate a repayment plan for less than you owe, the sooner negative items will begin to not be factored into your credit score and the sooner you will be able to begin to rebuild your credit.

How long does it take to complete a debt resolution program?

While each person’s situation is unique, and it is dependent on how much debt you enroll and how fast you can save, Americor clients are typically able to complete a debt resolution program in 24 to 48 months.

How long does it take before I typically see results?

Clients typically see their first account resolved in four to seven months.

Can Americor guarantee all of my debts will be successfully negotiated through its program?

Americor will not enroll a creditor that the company has not successfully negotiated with. Part of the enrollment process is to determine which of your creditors Americor can and can not enroll. Americor has been successful negotiating debts by most all credit card companies since 2009.

How are fees charged and paid in a debt resolution program?

Americor never charges a fee until it is able to successfully resolve one of your accounts. When the company receives an offer from one of your creditors, it will submit a written agreement to you for your review and approval. Americor's fees are then paid on a prorated basis once the settlement payment is made.

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4.8

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7,641 Reviews

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Pete Waterville, NY

I am personally very happy with the service that Americor has given me. I started with Americor in September 2022 with 8 accounts and by the middle of April they had successfully settled 5 of my 8 accounts and are still negotiating the other 3 accounts. I have been approved for the Credit9 loan but at this time I am waiting for another 4 - 6 months before deciding whether to accept the loan or not. I would heartily recommend Americor to anyone that is having trouble paying down on their credit accounts.

11 months ago

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Clairun Thealwy Kailua-Kona, HI

I am super grateful for Americor, they've cut my debt by half and I have more money on hand every month because of it. Timothy B was really helpful in arranging my monthly debt payoff and pulling up all of my accounts. He gave me the best option for my current situation. I already have settled with three of my accounts and have only been a client for 5 months. I am super elated for the service that I receive through Americor. I can't recommend them enough for individuals who have acquired similar conditions as I have, like having to pay too much interest on their debt which has made it difficult to pay off their creditors.

1 year ago

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Gerald Judd NA

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3 weeks ago

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Susan

Luke was a true blessing and help me understand and realize that I needed help to get out of my debt! Even though the Unknown doing this procedure in my life, I trust in God first and what Luke had to say in the encouragement support that I receive an email. I have prayed for changing my life to do better with my finances. I believe that this is the change I’ve been praying for I will work hard to turn it around. Many blessings

5 days ago

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Renae Cook

I could not be happier and more grateful to have stumbled across Americor while I was seeking out a loan for credit card consolidation. I spoke to an Agent who was extremely helpful and kind, we had a little misconnection but fortunately I was able to reach out after about a month of them not hearing from me, and picked up where we left off. I had the best customer service ever with every single person who helped me throughout the process, especially with Jessica G. I cannot thank her enough for her support and kindness. I am amazed with the amount of help they have provided already and look forward to crushing my debt with the help of Americor!

1 week ago

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Tyrone Williams

So far they have done everything they said they would do. The process was very transparent from the start. I was a person that was on time, but struggling to pay my debt down. Michael, my account manager called me one day and gave me a breakdown of how they could help. First thought, I was not ok with it. I worked very hard for my good credit score. He explained to me how my score would bounce back. Asking me great questions about my future and where I wanted to be. Get this he recognized that the timing was going to work for me at that point in time. I was in the process of moving and I needed a good score for a new apartment. Well, two month later he called back. First question was about the family and how was the move. That’s when I started trusting the conversation. 3 months in I’ve already got my first settlement out of the way, with three to go. And he was right about everything. How to handle the collection calls when they started. The relief I would have with not stressing about the amount of bills. Getting more cash in my pocket so I could actually start saving. Trust the process, and follow the steps and this program will work for you.

1 week ago

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marjorie washington

Ireally like how they listen, ask you what are your expectations are,and give you all the imformation that you need and what is expected of you. They let you make your own decision after they explain all the steps and very polite and understanding of you. I am old and can't hear well and they took their time to make sure I understood everything. Thyey gave me all of their names and numbers if i had any questions all i had to do was called. I really appericiate all of them.

1 week ago

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Clacore Lacore

Initially I wanted a debt consolidation loan, but Americor was unable to make that happen. It turns out that the program is actually a better option. Although I am scared to take the credit hit, it is unbelievably calming to know there is a light at the end of the tunnel and there IS an end of the tunnel. I am looking forward to the freedom this program will afford me while making a better life for my family.

1 week ago

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Stacy Davis

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1 week ago

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Melissa Taylor Hopewell, VA

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1 month ago Edited March 22, 2024

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Lisa wallace

I want to thank William G. for doing everything possible to help my family get out of debt. He spent quite a bit of time going through all possible options to help get us out of debt. I couldn’t be more relieved and thankful for everything he did. I called back with a question and had to speak with a different department and the girl was also so nice and helpful. They must be happy employees because everyone I have talked to seemed to be very happy and just as excited and relieved I was getting out of debt as I was! I don’t know if he will ever see this but, Thank you William! You really helped our situation.

3 weeks ago

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David Alcindor

I had been struggling with multiple debts and high interest rates for years, feeling like I was drowning in financial stress. That's when I decided to turn to Americor, and it was truly a life-changing decision. From the very beginning, the team at Americor, was incredibly understanding and supportive. They took the time to listen to my concerns and thoroughly assess my financial situation. After carefully reviewing my debts, they presented me with a customized consolidation plan that fit my needs and budget perfectly. Working with Americor, was seamless and hassle-free. They handled all the negotiations with my creditors on my behalf, allowing me to focus on rebuilding my financial stability. Thanks to their expertise and professionalism, I was able to consolidate my debts into a single, manageable monthly payment with a much lower interest rate. The relief I felt knowing that I was on the path to financial freedom was immeasurable. With Americor's help, I could finally see a light at the end of the tunnel. They not only helped me get out of debt but also provided valuable financial education and support to ensure I stay on track in the future. I cannot recommend Americor enough to anyone struggling with overwhelming debt. Their compassionate approach, personalized solutions, and dedication to client success make them the go-to choice for anyone looking to regain control of their finances.

3 weeks ago

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Claudia McTaggart

Hello America! I'm a primary school teacher who got caught up in bureaucracy when I moved from Florida to Hawaii to teach. I was told that Florida's teacher's license had full reciprocity with the state of Hawaii, which was not the case. My life was destroyed as well as my perfect credit score. I work as a substitute teacher to make ends meet. I never received the Hawaiian teacher's license and now looking to return to Florida. I did not miss a payment and was always on time with my bank of 25 years, Americore rescued me and I'm very grateful for their assistance. Life can sometimes throw you a screwball, but it's companies like Americore that help when there is no one to turn to. Thank you Americore! Best!

3 weeks ago

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Cheryl Golightly

Didn't know what to expect. I was confused by so the different companies offering this and that. After a little research I decided Americore was the best fit for me. Once I started the process they made everything so easy. I finally took a breathe and realized I made the right decision and was in good hands. They start on contract constantly. They give me advice, they give me hope, and they make this nervous situation as easy as it could be. If you decide to go with any other debt relief company other than Americore... you are making a mistake. They have made this as stress free, informational, and supportive as you could ever ask for. Thank you Americore and all the endless help from all the different employees I talk too.... you are all amazing and make me feel like I'm in the best possible hands I could be during this stressful time.

3 weeks ago

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Russ

During one of the most challenging periods in my life, I found myself drowning in debt and feeling helpless with no one to turn to. It was then that I discovered Americor, and I can honestly say that they were a true life saver for me. Their team of experts not only helped me get out of debt but also guided me towards financial stability and peace of mind. Their personalized approach and commitment to my well-being made all the difference. Today, I am grateful for their invaluable help during those difficult moments, and I highly recommend Americor to anyone else who may be struggling with debt.

4 weeks ago

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Belinda Florence

David S. was very knowledgeable, patience and kind. His explanation to my questions was spot on. I never felt rushed at anytime. He definitely was amazing! I really love his personality. Because of him, I would definitely recommend your company.

1 week ago

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Chris Garner

Amazed! After 5 months we have already had one settlement (2 to go). I was very leery of doing this but, I am pleasantly surprised so far. The folks at Americor are friendly, helpful and have reassured me over the past 5 months. I feel like I can finally breathe.

1 week ago

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Amelia Fakanonoa (Khyberpass)

I thought I have heard it all from prior Debt Relief Companies. Too many promises but the outcome was not what I anticipated on a timely schedule??? I hope to be debt free and also see an increase on my score finally this time. Transition is so smooth and I can't wait to see the results!!!

1 week ago

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Chris Armstrong

Americor has done an excellent job helping me get to a better spot in my life. While I do get constantly called by creditors to pay my bills, once Americor steps in and settles the debt owed to them, the calls stop. It'll be nice to be debt free in 4 years vs however long it would have taken before working with this company. Keep up the good work!

1 week ago

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gani angeles

When I started with them, my understanding was that the program will be a total of 48 months and I will have to deposit every month an amount of $330 . Bu t a few months ago they contacted me a few times about settlement with some of my creditors but mentioned to me that I might need to add more money for them to settle. It happened a few times and I feel that Americor negotiator are competing who can get more money out of any settlement. That is just my feeling of how they handle my settlement program.

1 week ago

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Mr fly BRY 42017 420

I can make a long story short. I’ve been here for two months they’ve been helping me. I already have two offers that have been settled. Two months two cards 11 to go. They’re doing an awesome job. What else can I say I’m happy.

1 week ago

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Anita DeFruscio

I am very happy with Americor Tim S. helped me get started . I talked to him several times . Hot me signed up and registered. Carolyn S. helped me with the App Took me through everything. I appreciated all the patience. Thank you

1 week ago Edited April 29, 2024

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Wyclif Kezengwa

Wonderful Team.Explains clearly and ask questions if one doesn't understand certain stages and ofcourse very respectful.Was happy to have the privillege to chat with the likes of Ms D,Ms D,Mr E and many others that unfortunately can't remember them.I very much appreciate your Team efforts.Thanks to you all.Keep up the Good job.

1 week ago

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Sandy Mazile

I have never been so impressed with a company like this one. Everyone goes above and beyond to help you meet your needs. The level of compassion with a deep commitment in seeing you reach your ultimate goal in being debt free. Awesome!!

1 week ago

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Marsha Breitling

Americor has been very helpful is calming my nerves regarding the process of working with my creditors. I have never had a bad credit rating and the process can be very anxiety producing. Someone has been there so far along the way to answer my questions in a reasonable time factor. Always offering more contact if needed. One creditor settlement has been accomplished. Greatly appreciated.

2 weeks ago

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Patricia Salgado

While hesitant as I'd had a bad experience with another agency in the past, the rep for Americor explained how they could help me in less time than on my own. I was sent NY plan in writing so I could see how I would progress. In less than half the six months I was to see that progress, one of my debtors made an offer that was great for me to settlle.. it was a big relief.

2 weeks ago

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susanne ferguson

Mr Miles H ,was very very good with me and guided me every step of the way,I was very scared and nervous in the beginning but after talking with him with his guidance and being Patient with me I had the upmost Confidence in it all.i never had that kind of experience with anyone in anything,he took the time to here me and listened to me.thanks for the beautiful amazing experience.

2 weeks ago

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J Williams

Vanessa M. Is DEFINITELY an irreplaceable asset to the Americor corporation. She is knowledgeable & genuine with her concern for the client's ability to comprehend debt relief. She's extremely passionate & was willing to answer ALL of my questions & explained step by step the process, what to expect & was completely upfront & transparent about how the program works. I trusted her & she made me feel comfortable with my decision to get my financial situation back on track. I would definitely recommend AMERICOR!

2 weeks ago

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Sarah Anderson

Americor is awesome and very professional! Everyone that I spoke to was very nice and patient! Brandon D. is mostly who I dealt with and he is the best! He made me feel very comfortable! He still calls me from time to time to check on me! He's amazing! Americor might not give you a loan but they will help you grt.out of debt! Don't freak out if they don't hand you over money. Just listen because what they have to offer is worth it! Very helpful company! Thank you Americor and keep on rocking Brandon! You should get a raise!

2 weeks ago

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David Derring

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3 weeks ago

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Jessica Jacobs

I appreciated the follow up on my decision to pursue and explanation given about the program details. When asked for clarification during the enrollment process, the consultant, Alex, was able to explain and provide factual statistics on various scenarios and discussed a solution on how to address. Feeling financially burdened is scary enough; this process did help to provide a bit of relief and solidify a plan out of financial burden, forward. My company trustworthiness scale may change/increase once negotiations are finalized.

3 weeks ago

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Raven Lang

I have been enrolled with Americor for a year and a half. I was skeptical at first but, they are legit helping people become dept free. Customer service is very professional and helpful. I love the no guilt feel regarding my horrible spending habits when speaking with them. No scam no tricks, just make sure you ask all the questions you need if you are not sure of something. I would definitely recommend their program to anyone.

3 weeks ago

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Brenda sue allen Tampa, FL

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2 months ago Edited March 1, 2024

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Patsy Glendive, MT

I appreciated very much my original register person. Since then I’ve been a little disappointed. Although we have managed to settle all my debt but for 2. remaining it has been a tumultuous relationship . It’s sometimes hard to get a hold of my spokesperson and they don’t always have answers. Maybe it’s just the process. The bills are being settled which is the desired outcome.

2 months ago

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Cheryl Dickens

Absolutely wonderful customer skills. To them it is not strictly a job but they actually care and are as thorough in their explanations. EXTREMELY patient. Great teamwork so you have to consider the whole business was that efficient...it was not singled out to one person only. By the time I was done, my spirit was elevated. It was difficult in that my landline batteries kept going dead but they were patient and persevered. Would be happy to spread the good news to others who also might need this level of professional help. Too often, people are swept out the door quickly but they listened, answered .

1 month ago

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Jennifer Hooper

I was experiencing extreme anxiety and depression as I found myself in one emergency on top of another with my Granddaughter’s life in danger and her 8 month baby due in just four weeks suddenly without a heartbeat and no way to save him!!! I had to help. while still trying to juggle my own responsibilities and supporting her it just fell apart. I was too far behind to catch up. Americor listened and understood my panic. From the first contact he was there. He answered all my questions, offered options. No pressure, just wanted to help. He answered my calls, walked me through each step. I know I am ok and there is a path to repair my credit and restore my well-being. Thank you so much!!!!

1 month ago

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Braden Franklin Lake Worth, FL

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1 month ago

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Terry

The representatives have been helpful on my journey through the program this far. My deposits have come out correctly with no issues. I have been in the program since December 2023 and I received my first settlement of five accounts in March 2023. Americor was able to settle with Lending Club which was one of my bigger balances owed. I received a call from Americor that I had an offer. I was so excited. I first got connected to an agent to help but because I was at work... I decided to sign into my Americor account and accept my offer. It was so easy. I am eager to see which account is settled next. This creditor was not aggressive in asking for payment. Given it was a few months of no payment. They sent me text messages and mailings reminding me my payment was due. Still uneasy not making payments but I am happy to have one settlement down and four to go. Thanks Americor!

1 month ago

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Matt

I spent 9 months with another debt consolidation company and I certainly feel like that was a waste of time. Since I have something to compare it to... the onboarding process was incredible by comparison. Americor mapped out their whole strategy. They pushed information rather than have me pull it out of them (which was a relief-the other place had me feeling like I was bothering them with my questions). Big shout out to Riah Nessa who brought in my business. This woman definitely cares and she made me feel like so much more than just another bunch of numbers toward the bottom line. If she is a reflection of the atmosphere in this company I would say it must be a great place to work. I am so thankful they sought me out. Unfortunately, I have one credit line that reached a settlement with the other company, and they're already implementing their fee (and it was a big one), otherwise Americor would have all my business. I know it is only fair that this other company get compensated for their work in acquiring the settlement, but I'm hoping they cut me loose. After nine months of not being really considered, I'd say it would be an appropriate trade off.

1 month ago

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Ernest Verni

I was skeptical at first when I decided to go forward with my decision to work with Anericor and its onboarding team . But it was time to get off the credit card bandwagon and take the plunge with a company that seemed to be competent and trustworthy with my finances and me. Americor’s people were very helpful to get my debt in order so I could define my outlook after I have committed with the contract to pay off my debt with my personal debt consolation plan . They helped me with the burden to deal with my creditors and finalize my plan with a realistic repayment plan I can live with for my future to rebuild my credit and be free from the daily calls to play catch up with past due bills . It seemed I was saying goodbye to my old friends that have caused me credit card anguish in my life but in reality I can breathe for the first time with out the credit card debt and burden I felt daily . I still have a few issues to manage with onboarding team but they are patient with me and extremely helpful to get it right . Thanks Americor team for your people and staff for your courtesy towards me in a very difficult transition for me as I am still on the path to success in my planned retirement years ahead of me.

1 month ago

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D R WEST

very tactical, calculated protocol that americor follows. I think the % for fees is a bit high, but, as the saying goes, you get what you pay for. I don't have to deal with the creditors, and I may be eligible for a consolidation loan in the future. It seems this process is better in the long run than bankruptcy or just letting your credit crash. So far americor has already arranged a settlement with one of my creditors, so I was happy and impressed with that scenario, and decided, after LAY, a nice americor rep followed up with me today, that I'm doing the right thing, with the right company, at the right time.

1 month ago Edited April 22, 2024

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Trystan Wirebaugh North Webster, Indiana

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3 months ago

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Robert dutie

James W. was great to work with, he was very knowledgeable and took the time to explain everything and asked if I knew certain terms. Really appreciated the entire process.

1 week ago

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Virginia

Wow the customer service was so excellent making sure I understood everything that I was doing. Walking me through the process and then the service while going through the portal and app was just as amazing.

1 week ago

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Theresa Bradley

What I like about Americore is, you don't have to do anything yourself. They do it all for you. When they have a settlement they will contact you to approve it. Thank you Americor, keep up the good work

1 week ago

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Kelly Connolly

Zack and Americor was kind, considerate and professional. He helped me through the process step-by-step and didn’t make me feel like a bad person since I got in over my head. I would recommend this company to anybody.

1 week ago

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Elizabeth Funk

It felt like I was in very good hands. I am glad to be getting the help I need to save my credit. My expectations were met and I ended the call satisfied that my life was going to be getting back on track

1 week ago

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James Bailey

Everything about my Americor experience has been great some far and I am very appreciative of their work and help with in helping me to be on my way to being debt free. They have really been a blessing in my situation.

1 week ago

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Kim Rose

The representative, Claudia, was very professional, efficient, knowledgeable and thorough. She really made me feel really comfortable and grateful that found the help I needed.

1 week ago

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Anira Hurtado

I just started the process of getting my debt under control and Isaiah has been very helpful. I’m hoping this doesn’t ruin years of getting my credit rating above the 730 goal but we shall see.

1 week ago