Fast Track Debt Relief: Achieve Up to 60% Debt Reduction

Overview of Fast Track Debt Relief

Fast Track Debt Relief is a debt relief company that was founded in 1998 and is headquartered in Fort Lauderdale, Florida. Their mission is to help the average American achieve financial freedom without compromising their financial health. The declared primary goal of their debt relief program is to simplify the debt repayment process and make it more manageable for the public.

They offer three types of debt relief services: debt consultation, debt settlement, and debt consolidation. The company showcases on their website that they only provide these services in 32 US states, as well as in Washington DC. They are not available in states like California, Illinois, Oregon, and the Carolinas.

They hold an A+ rating from the Better Business Bureau (BBB), although they are not accredited by the BBB. On the other hand, they are accredited by the International Association of Professional Debt Arbitrators (IAPDA), which certifies their debt specialists. However, the company is not accredited by the American Fair Credit Council (AFCC).

Types of Debt Covered by Fast Track Debt Relief

The company’s debt settlement and debt consolidation services are meant to provide relief from unsecured debts. The following are the types of debt mentioned:

• Credit card debt
• Medical debt
• Personal loans

Nonetheless, it’s best to contact them directly to ensure that they cover your specific type of debt.

Services Offered by Fast Track Debt Relief

Their debt relief specialty is in debt settlement, but their services are not limited to it. Here are the key services the company offers:

• Free consultation: Your first step in joining any of their debt relief programs is to enroll in their free initial debt consultation. You can access this in two different ways: either by applying for a quote on their website or by calling one of their certified consultants directly
• Debt settlement: Under this particular program, they focus on negotiating with your creditors on your behalf to settle your debts for less than the amount owed. You will be advised to stop making payments on your bills and instead save money in your FDIC-insured account with the company. Once enough funds are accumulated, they will work to reach a settlement with your creditors, often resulting in a significant reduction of debt
• Debt consolidation: The company offers loans to consolidate multiple debts into a single, manageable monthly payment. This can help you save on interest and simplify your finances. While this option doesn't reduce the total amount owed, it can lower monthly payments and make debt management more straightforward
• Debt consolidation loans: They mention offering debt consolidation loans, though only in their website’s disclaimer. This means that all your debts can be combined into a single loan, usually with a lower interest rate and a more manageable repayment plan

Pricing & Fees at Fast Track Debt Relief

The company does not disclose specific fee ranges for their debt settlement and debt consolidation services on their website. However, based on industry standards, debt settlement companies typically charge fees ranging from 15% to 25% of the total debt owed. The minimum amount of debt required to be accepted in any of their two programs is $10,000.

If you’re opting for a debt consolidation loan instead, they charge origination fees ranging from 0% to 4% of the loan amount. The interest rates on these loans vary between 3.99% and 29.99% APR, which may include discounts for autopay and loyalty programs. The repayment terms for this service range from 12 to 84 months, offering flexibility to fit different financial situations.

Advantages & Disadvantages of Fast Track Debt Relief

They could offer several unique benefits for joining any of their programs, but there are also some drawbacks for you to consider. Below, we list both the advantages and disadvantages of committing to a plan with them:

Advantages

• Free consultation: As part of their services, they offer a complimentary initial consultation with any of their certified debt specialists. This allows you to explore their options and receive expert advice without any financial commitment
• High savings rate: Based on claims and the top settlements published on their website, the company has successfully negotiated settlements for as little as 40% of the original debt amount
• Long industry presence: The company and its staff have over two decades of experience in the debt relief industry. This long tenure can be a good indicator of stability and reliability

Disadvantages

• Undisclosed fees: They do not openly disclose their fees for their debt settlement and debt consolidation services. This could make it difficult for many to understand the potential costs involved in any of the programs
• Few major accreditations: Despite their long standing in the industry, they are only accredited by the International Association of Professional Debt Arbitrators (IAPDA). While the American Fair Credit Council (AFCC) and the Better Business Bureau (BBB) have yet to grant them accreditation
• Limited state availability: The company only provides services in 32 US states and Washington, DC. They are not available in major states such as California, Illinois, and Oregon

Client Experience at Fast Track Debt Relief

The company has received mixed reviews across different platforms. The Better Business Bureau (BBB) gives them a rating of 2.4 out of 5 stars. However, their Trustpilot rating is significantly higher at 4.3 out of 5 stars, while on Google Reviews, they get a more favorable score of 4.8 out of 5 stars. 

Positive feedback

Many reviewers praised the company for their personalized care and the expertise of their staff. Some appreciated the free consultation and detailed advice provided by the debt specialists, which helped them understand the programs better.  Reviewers also commended the company for assisting them to achieve high savings rates through negotiations, significantly reducing total debt for many clients. Numerous clients mentioned feeling relieved and less stressed after enrolling in the program, highlighting the practical impact of Fast Track’s services on their financial situation.

Critical feedback

Despite the positive experiences, there are some common complaints found in the reviews. Several customers expressed frustration with unexpected fees and a lack of transparency regarding the cost of services. Others mentioned issues with communication, citing slow responses or difficulties in getting clear updates about their debt settlement progress. Some clients felt misled by initial promises, reporting that the outcomes did not meet their expectations. There were also concerns about the handling of funds, with a few reviewers stating that the first few months of payments seemed to go towards fees rather than debt reduction.

Customer Support at Fast Track Debt Relief

They have various ways to communicate with their customer service representatives. You can reach out by phone at 1-888-332-8004, or if you prefer email, you can contact them at [email protected]. Their fax number, to which you can send documents, is 888-311-4049.

The company also offers a live chat feature on their website, providing real-time assistance to clients. This feature is particularly useful for quick questions and immediate support without the need for a phone call. You can also simply send them a message by filling out a form on their Contact Us page.

You can visit them in the office at:

1901 W Cypress Creek Rd STE 400, 
Fort Lauderdale, 
FL 33309-1864.

Final Thoughts 

Fast Track Debt Relief, established in 1998 and headquartered in Fort Lauderdale, Florida, is a debt relief service provider. Their services center around debt consolation, settlement, and consolidation, and are available in 32 US states. They claim to negotiate substantial reductions in debt, potentially settling debts for as little as 40% of the original amount. However, this is only applicable if the debt you have is at or above the $10,000 threshold. With over two decades of experience, they bring a level of expertise that few competitors can rival.

However, they do not disclose specific fees for their debt settlement and consolidation services, which may lead to uncertainty regarding the overall cost. Also, despite their experience, they lack accreditation from major organizations like the American Fair Credit Council (AFCC) and hold a low rating from the Better Business Bureau (BBB).

Ultimately, the suitability of their offerings depends on your preferences and financial goals. For a better perspective, we advise you to check out our debt relief company review page. You can also use our comparison tool to compare Fast Track to competitors in the field. Also, don’t forget to check out blogs that cover a wide range of debt relief-related topics.

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