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CreditAssociates is a legitimate company that has been in operation since 2007. They are accredited by the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA), and hold an A+ rating from the Better Business Bureau (BBB).

Credit Associates is available in 44 states and Washington, DC, and does not currently serve clients residing in Colorado, Connecticut, Minnesota, Maryland, Vermont, and Wyoming.

Using any debt settlement program, including those offered by CreditAssociates, will likely negatively affect your credit score for several years. Given that payments are halted during negotiations, any missed payments and collections accounts will be reported, thus lowering your score.

CreditAssociates' debt settlement program is savings-based. If you are unable to accumulate funds as agreed upon, it may impact the success of your debt settlement plan.

Yes, interest and late fees may continue to accrue on your accounts during the debt settlement process while CreditAssociates works to settle them, keeping your original balance in mind.

Forgiven debt over $600 generally needs to be reported as taxable income to the IRS. However, in cases of insolvency, there are special rules that may exempt you from paying taxes on forgiven debt.