6477 HWY. 93
South Suite 303
Whitefish, MT 59937
Other Business Names: Debt Reduction Group, LLC, Accelerize New Media, Inc
Summary of Business: Debt Settlement, Credit and Debt Counseling, Debt Relief Services, and Credit Counseling Referrals
Number of BBB Complaints as of 6/17/08: 3
Members of BBB: No
BBB Profile
Business Start Date: September February 2002
Number of Employees: ~120
Trade Organization Memberships: IAPDA (International Association for Professional Debt Arbitrators), California Chamber of CommerceU.S. Chamber of Commerce
Accreditations: Dun & Bradstreet
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Fees
What is the total fee for the program?
The fee is 15% of the amount of debt enrolled and is included in the monthly payments
Over how many months is the fee paid?
N/A
Do you have a set up fee?
Yes, 30% of knockoutdebt.com's fees are incurred after an initial budget review and account setup.
Do you have a money back guarantee?
Yes, if a client fails to complete their program they will entitled to a reimbursement of all unearned fees. Based on the website, it seems as though the money back guarantee is based on whether or not the client completes the program, how much in fees Knock out Debt has collected, and at what stage in the program the client has chosen to cancel. For more details, please contact KnockOut Debt directly.
Do you charge a fee based on how much I save?
No
Eligibility
What type of debt do you work with?
Most unsecured debt, but not all
What is the minimum total unsecured debt one must have in order to qualify?
$10,000 and each account must be greater than $1,000.
Does a client need to include all of their unsecured debt in the plan?
It is recommended, but it is not required.
Services
Do you do the negotiations yourselves?
N/A
If not, who is the company you use for negotiations?
N/A
Creditor Calls
Do you send a Power of Attorney to notify the creditors that a client is enrolled in your program right away?
In the words of the website, "our debt negotiation team will contact all applicable creditors and inform them that we represent you."
Do you send a Cease & Desist letter to my creditors?
N/A
Can I change my phone number & address to your company�s phone number and address?
N/A
Do you have a consumer advocacy group help me with calls?
N/A
Do you think that your debt agency does not have your best interests in mind? Check out PayingPaul.com's articles on debt scams, fraud, and rip offs
(Disclaimer: In no way should this be construed as a formal statement made by the company about the services it offers. Moreover, although an effort has been made to keep this information up to date and accurate, in no way is this a comprehensive overview of the company profiled. For complete information, please contact a representative from this company.)
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