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Elite Financial Services vs Progressive

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Pros
  • Free debt analysis
  • Gave you access to your progress in real-time
Pros
  • Addresses different types of debt comprehensively
  • Live chat
  • Personalized customer service
  • Offers financial education and budgeting resources
Cons
  • Were available in only 21 states
  • Pricing information not transparent
  • $10,000 minimum debt required
Cons
  • Lack of transparency
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.

Summary

Since their founding, Progressive Debt Relief has been a debt settlement company helping consumers nationwide resolve high-interest, unsecured debts. Headquartered in Maitland, Florida, the company specializes in negotiating with creditors on behalf of clients to settle debts for less than the total amount owed. Progressive Debt Relief's services cover a range of unsecured debts, including credit cards, medical bills, payday loans, and more. The company's approach involves creating a customized debt relief plan for each client and leveraging their industry expertise and relationships to achieve favorable settlements.  Notably, Progressive Debt Relief charges no upfront fees and only collects a service fee once a debt has been successfully negotiated and the client has made their first payment. PDR customer reviews are generally positive, with clients praising the company's efficient and helpful staff and the tangible financial relief they've experienced. While the Better Business Bureau (BBB) has received complaints about the company's practices, PDR maintains an A+ rating, indicating a solid commitment to customer satisfaction. Overall, the company's focus on personalized debt solutions and transparent pricing structure make them an intriguing option for those seeking to regain control of their finances.

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
Quick Stats
  • Average Net Savings : Undisclosed
  • BBB Rating : A+
  • Fees : Undisclosed
  • Timeframe : Unavailable
  • Trustpilot Score : N/R
  • Customer Experience : Good
Selling Points
  • Multiple debt relief options were handled
  • AFCC member
Selling Points
  • Provides a free consultation
  • No upfront fees
  • Online Client Dashboard
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
Services Offered
  • Bankruptcy Counseling
  • Consolidation Loans
  • Credit Card Debt Relief
  • Credit Counseling
  • Debt Consolidation
  • Debt Counseling
  • Debt Management Plans
  • Debt Settlement
  • Undisclosed
    Loan Refinancing
Types of Debt Covered
  • Undisclosed
    Collection Accounts
  • Credit Card Debt
  • Undisclosed
    Medical Bills
  • Personal Loans
  • Private Student Loans
  • Undisclosed
    Professional Bills
  • Secured Debts
Types of Debt Covered
  • Collection Accounts
  • Credit Card Debt
  • Medical Bills
  • Personal Loans
  • Private Student Loans
  • Professional Bills
  • Secured Debts
Payment Options
  • Undisclosed
    Cash
  • Escrow/Savings Bank Account
  • Undisclosed
    Major Credit Cards
Payment Options
  • Cash
  • Undisclosed
    Escrow/Savings Bank Account
  • Undisclosed
    Major Credit Cards
Customer Support
  • Email
  • In Office
  • Undisclosed
    Live Chat
  • Undisclosed
    Mobile Application
  • Phone
  • Undisclosed
    Ticket
Customer Support
  • Email
  • In Office
  • Live Chat
  • Mobile Application
  • Phone
  • Ticket

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