Have you recently found yourself with a debt you cannot pay? Have you been looking for a way you can find some relief from your debt? Then you may have come across Countrywide Debt Relief! But what exactly is Countrywide Debt Relief? CDR is a debt relief company that specializes in debt settlement. Understanding the ins and outs of debt settlement is crucial before working with a debt settlement company. If you have questions about what debt settlement is, try giving our team a call! Our aim is to give unbiased, honest advice on what your options are and how to move forward. With that in mind, let’s take a closer look at Countrywide Debt Relief.
What is Countrywide Debt Relief?
According to their website, Countrywide Debt Relief offers many forms of debt relief, including debt consolidation, credit card consolidation, and debt settlement. As you go through the website, CDR seems to push debt consolidation more than any other service. They have many case studies on their website — each of them is from clients that went through their debt consolidation program, instead of the debt settlement program. Depending on what you are looking for, this might be exactly what you are looking for. However, their lack of case studies for debt settlement might be cause for worry if that is the service you are looking for. CDR has been around for 14 years and is located in Santa Ana, California. With this information in mind, let’s take a look at CDR reviews.
What To Look For In Reviews
Before we get started, there are a few things that you should keep in mind while doing your research on CDR. These things are important to make sure you have a fair understanding of whether or not CDR is a company you want to work with.
Time It Was Written
Consider the time at which the review was written. A lot of times, glowing reviews are often written after the first conversation a client has with customer service. It makes sense that a client would be happy with the company at this point in time — they were just told by the nicest people ever that there’s a potential they could save thousands of dollars! Unfortunately, these reassurances aren’t the same as going through the debt relief process. Make sure the reviews you are paying attention to are ones that describe going through the whole process.
Best and Worst Reviews
You also want to get a holistic view of the company. Don’t only read the bad reviews and assume the company is terrible. But also don’t just read the good reviews and assume the company is perfect. Make sure you read through a wide range of reviews to have the best overall view of the company.
Age of the Company
The last thing you want to keep in mind is the age of the company. If the company has thousands of reviews but is only 6 months old, it may not be as reliable as the 20-year-old company with a few hundred good reviews. While there is no reason a young company can’t be great, the reviews may not be able to speak to the longevity of the company.
These are just a few things to consider while reading through reviews on the various platforms available.
The Better Business Bureaus is one of the most trusted and well-documented review platforms. Countrywide Debt Relief has a great 4.39 out of 5-star average rating. This comes from a combined average of 28 user reviews. A vast majority of the reviews are incredibly positive. Even better, most of the reviews seem to center around the actual service CDR was able to offer, rather than just the initial point of contact. This means that the high rating on BBB isn’t just a fluffy rating — instead it is a meaningful rating that shows how clients feel even after working with CDR (a good sign if you ask us).
There are a few one-star ratings, however, they typically explain that working with CDR may not be worth it if you have a smaller debt. Consider examining your debt amount and comparing it to the reviews that claim their debt was too small to benefit from working with CDR.
Google is similar in makeup to BBB. There are only 85 reviews, but the average score is decently high — 4.2 out of 5 stars! Just like with the BBB, a majority of the reviews recount how CDR was helpful for the entire process. There are some one-star reviews that claim CDR has malicious ways of coercing people to work with them. Some people claimed that they were sent fake lawsuits as advertisements for the company. Though this isn’t confirmed, it would be in bad taste. However, this does not necessarily reflect poor services — just poor judgment. There are some negative reviews that claim the individual began working with CDR, only to have their accounts go delinquent, receive lawsuits, and ruin their credit score. It is important to realize that these forms of debt relief do have the potential to do such things. Keep this in mind while you work towards a solution that works for you.
Interestingly, CDR does not have a (claimed) TrustPilot page. There is one for a company with the same name, but based on the logo on the page, it is not the same company. They do, however, have a Yelp page. Their Yelp page has only 31 reviews. From those reviews, CDR has a 4.5 out of 5-star average rating. The positive ratings, again, seem to cover the entire process instead of just the initial point of contact. Just like with Google and BBB, there are a few low-star reviews. These mainly cover issues that are mentioned above — clients may not have fully understood the dangers of going through debt consolidation or settlement, leaving them upset by the ruined credit score or creditor lawsuits. Again, if you arm yourself with the knowledge of what these programs are, you will better understand the potential consequences you open yourself up to.
Ultimately, the choice is yours! Compared to many other debt relief companies, Countrywide Debt Relief seems honest and fair, based on user reviews. However, you need to understand the risks you are taking when you begin debt settlement or consolidation. Continue researching and figure out if Countrywide Debt Relief is the right company for you! And if you’d like to talk about your options, give our team at Ascend a call!