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Cred Advantage vs Elite Financial Services

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Pros
  • Free consultation
  • Educational resources
  • Varied customer support options
Pros
  • Free debt analysis
  • Gave you access to your progress in real-time
Cons
  • Lack of fee transparency
  • Unclear service details
  • Lack of industry accreditations
Cons
  • Were available in only 21 states
  • Pricing information not transparent
  • $10,000 minimum debt required
Summary

Founded in 2024 and headquartered in Newport Beach, California, Cred Advantage offers a range of debt relief services aimed at helping individuals and families achieve financial stability. Their offerings include debt relief options, debt consultation, credit report reviews, debt negotiation, and access to educational resources via Cred Adv University. While they emphasize personalized financial education and support, they lack accreditation from major industry organizations such as the Better Business Bureau (BBB) and the American Fair Credit Council (AFCC). Customer feedback is sparse, with no reviews available on prominent platforms, which may raise questions about their service quality. Interested in how they stack up? Dive into our full review for a comprehensive look at their services, pricing, advantages, and limitations.

Summary

Elite Financial Services, a debt relief company located in Beverly, Massachusetts, is no longer in operation. According to the Better Business Bureau and customer reviews on Yelp, the company has ceased its services, with an inactive and insecure website. Before their closure, Elite Financial Services provided debt settlement and consolidation solutions and aimed to help clients become debt-free within 12-36 months. The company was accredited by the International Association of Professional Debt Arbitrators and a member of the American Fair Credit Council. However, their services were only available in 21 states.

Quick Stats
  • Credit Score Impact : Program may lower score temporarily
  • Average Net Savings : Undisclosed
  • BBB Rating : N/R
  • Fees : Undisclosed
  • Timeframe : Undisclosed
  • Trustpilot Score : N/R
  • Customer Experience : Unavailable
Quick Stats
  • Credit Score Impact : May impact
  • Average Net Savings : Up to 45-60% of debt, before fees
  • BBB Rating : N/R
  • Fees : 15% to 25% of total enrolled debt
  • Timeframe : 12-36 months
  • Trustpilot Score : N/R
  • Customer Experience : Poor
Selling Points
  • Flexible support hours
  • Large set of educational resources
  • Detailed credit review
Selling Points
  • Multiple debt relief options were handled
  • AFCC member
Services Offered
  • Undisclosed
    Bankruptcy Counseling
  • Undisclosed
    Consolidation Loans
  • Credit Card Debt Relief
  • Undisclosed
    Credit Counseling
  • Undisclosed
    Debt Consolidation
  • Undisclosed
    Debt Counseling
  • Undisclosed
    Debt Management Plans
  • Undisclosed
    Debt Settlement
  • Loan Refinancing
Services Offered
  • Undisclosed
    Bankruptcy Counseling
  • Undisclosed
    Consolidation Loans
  • Credit Card Debt Relief
  • Credit Counseling
  • Debt Consolidation
  • Debt Counseling
  • Undisclosed
    Debt Management Plans
  • Debt Settlement
  • Undisclosed
    Loan Refinancing
Types of Debt Covered
  • Undisclosed
    Collection Accounts
  • Credit Card Debt
  • Medical Bills
  • Undisclosed
    Personal Loans
  • Undisclosed
    Private Student Loans
  • Undisclosed
    Professional Bills
  • Secured Debts
Types of Debt Covered
  • Undisclosed
    Collection Accounts
  • Credit Card Debt
  • Undisclosed
    Medical Bills
  • Personal Loans
  • Private Student Loans
  • Undisclosed
    Professional Bills
  • Secured Debts
Payment Options
  • Cash
  • Escrow/Savings Bank Account
  • Major Credit Cards
Payment Options
  • Undisclosed
    Cash
  • Escrow/Savings Bank Account
  • Undisclosed
    Major Credit Cards
Customer Support
  • Email
  • In Office
  • Live Chat
  • Mobile Application
  • Phone
  • Ticket
Customer Support
  • Email
  • In Office
  • Undisclosed
    Live Chat
  • Undisclosed
    Mobile Application
  • Phone
  • Undisclosed
    Ticket

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