beyond finance cancellation policy reviews

What is Beyond Finance?

Beyond Finance provides personalized debt settlement programs for unsecured debts such as credit cards, medical bills and private student loans. It is affiliated with Accredited Debt Relief, a debt settlement company that operates in 32 states. When you sign up for Beyond Finance online, the intake assessment is done by Accredited Debt Relief.

One notable perk of Beyond Finance is its mobile app that allows you to manage your enrolled debts and monitor your progress. The app has a 4.7-star rating on Google Play and a 4.9-star rating on Apple’s App Store as of publishing, with over 4,000 reviews combined.

How does Beyond Finance work?

With Beyond Finance, you’ll first set up a free consultation with one of its team members. Based on your financial circumstances, Beyond Finance will then help you choose a personalized debt settlement program. Beyond Finance says most clients fully resolve their enrolled debt in 24 to 48 months.

With any debt settlement program, the goal is to reduce the total amount you owe to your creditors. To do this, Beyond Finance will require that you stop paying your creditors and instead deposit a monthly payment into a settlement account. During this time, Beyond Finance will negotiate with the creditors on your behalf.

Once a settlement amount has been agreed to with a creditor and approved by you, the payments you’ve been making into the settlement account will be sent to the creditor. This may be in one lump sum or in multiple payments. Beyond Finance says that, on average, clients must save 40% to 50% of a debt before a settlement offer will be made.

Note that debt settlement will hurt your credit because you’ll no longer be making payments on those bills. You’ll incur interest and late fees on those unpaid amounts — and since there’s no guarantee a creditor will agree to settle, you could end up owing even more at the end of the process. Ensure the risks are worth it before pursuing any debt settlement program.

Beyond Finance services

Beyond Finance offers debt settlement services for the following types of debt:

  • Credit cards
  • Personal loans
  • Private student loans
  • Medical bills
  • Lines of credit
  • Debts in collections

It cannot help with federal student loans, mortgages, auto loans or other secured debts.

While Beyond Finance doesn’t specify a minimum debt requirement to participate in its program, it does say that debt settlement is best for people with $10,000 or more in unsecured debt.

Beyond Finance is not available in all states. However, it doesn’t specify on its website which states are ineligible.

Also, since Beyond Finance is not a law firm, it cannot offer any legal advice should a creditor decide to take legal action against you. However, Beyond Finance says it will attempt to resolve that creditor’s account and can refer you to further help as needed.

Beyond Finance fees

Beyond Finance charges a percentage-based fee of 15% to 25% of your enrolled debt. If it is unable to resolve a debt with a creditor, Beyond Finance says you won’t be charged any fees for that particular debt.

The initial consultation is free, and Beyond Finance doesn’t charge any upfront fees. You’ll only owe your fee once you’ve reached a settlement.

Beyond Finance is a debt consolidation company with a simple mission: to help people save money, gain control of their finances, and borrow responsibly. As the consumer debt market continually grows, Beyond Finance works around the clock to create both practical and fair debt management services that are customized to its customer’s needs.

Beyond Finance also aims to go above and beyond in customer service, and clients have access to the company’s consultants — who are there to guide clients through every step of the process and provide personal support and solutions.

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Accredited Debt Relief, a member of the American Association for Debt Resolution (AADR), is known for its established professionalism. Offering personalized debt consolidation and debt resolution programs, the company provides a free consultation first, meeting with clients to clarify fees and program details. Accredited has received hundreds of positive customer reviews over the past year from TrustPilot and gets an A+ grade from the Better Business Bureau.

Accredited Debt Relief helps people get out of debt by consolidating payments and negotiating creditor settlements. The process starts with a free consultation to review your finances and discuss your debt settlement and consolidation options.

Founded in 2011, Accredited Debt Relief offers consolidation loans through its affiliates. Sums range from $1,000 to $100,000, with annual percentage rates (APRs) from 4.9% to 35.99%. Origination fees are 1% to 6%, and loan terms range from 4 to 84 months.

However, only highly creditworthy borrowers receive the lowest APRs, which is something to consider if you’re trying to save money by lowering the interest rate on your current debt.

What Types of Debt Does Accredited Debt Relief Consolidate?

Accredited Debt Relief only helps consolidate unsecured debts—debts that don’t have collateral attached to them. These include:

If you have a form of unsecured debt that isn’t mentioned above, you can chat with a debt relief specialist during your free consultation to see if it qualifies for a debt consolidation loan or other type of debt relief. Accredited Debt Relief’s website states that it does not consolidate secured debts, including federal student loans, mortgages and auto loans.

How Does Accredited Debt Relief Work?

Expect to go through these steps if you enroll in Accredited Debt Relief’s program:

1. Sign up for a free consultation on Accredited Debt Relief’s website.

2. Meet with a certified debt specialist to review your financial situation and create a customized plan based on your goals, monthly budget and eligible debts. Your plan could include consolidating debts, securing lower interest rates or reducing the principal amount you owe.

3. Open an FDIC-insured savings account and make monthly deposits based on your customized plan.

4. Wait as your assigned debt specialist works with your creditors to adjust your loan terms.

5. If the specialist successfully reaches an agreement, they’ll contact you for approval and use the money in your dedicated account to pay off the loan.

6. The specialist repeats this process until all your debts are either resolved or deemed ineligible for resolution.

The entire debt relief process can take anywhere from one to four years to complete, and it may take six to nine months to see your first debt consolidation. So don’t expect quick results.

What Fees Does Accredited Debt Relief Charge?

Accredited Debt Relief charges a fee only if they successfully reduce your monthly payments. This fee ranges from 15% to 25% of your consolidated debt.

For example, if you enroll $20,000 of debt, a 25% fee would be $5,000. Accredited would have to reduce your debt by at least that much to make this process worthwhile for you.

Fees are deducted from your account after you agree with a creditor on a new resolution and make a payment. If Accredited can’t reduce a monthly payment, the specialist removes that debt from your account and adjusts your fees.

Will Using Accredited Debt Relief Affect My Credit?

Your credit score will likely go down when you start using any debt relief company, including Accredited Debt Relief. That’s because these companies typically advise you to stop making payments on your enrolled debts while they’re being negotiated. This can temporarily tank your credit score, send some of your debts into collections and, in extreme cases, result in lawsuits.

But over time, if Accredited Debt Relief is successful in reducing the total amount of debt you owe, your credit score should tick back up as you pay off debts and make on-time payments.

Accredited Debt Relief Customer Reviews

*Last 12 months
**Last three years
This information is accurate as of May 13, 2024.

How To Sign Up for Accredited Debt Relief

You may be eligible for Accredited Debt Relief’s services if you have at least $10,000 in unsecured debt. To start the process, call 800-497-1965 or follow these steps to fill out the form online:

1. Visit Accredited Debt Relief’s website.

2. Click the button to “Get Started.”

3. Enter the current amount of debt you owe.

4. Provide your name, phone number, email address and state of residency, then click to get your quote.

5. Wait for a debt relief specialist to contact you.

Once you complete your call, you can decide if you want to move forward based on your specialist’s recommendations.

Note that Accredited Debt Relief services residents of 30 states and Washington, D.C. Check its website for an updated list on which state residents can enroll.

How To Contact Accredited Debt Relief

There are two ways to contact Accredited Debt Relief customer support if you run into issues.

  • Email
  • Call 877-201-2548 on weekdays from 5 a.m. to 9 p.m. PT and on weekends from 5 a.m. to 4 p.m. PT.

Alternatives to Accredited Debt Relief

Freedom Debt Relief vs. Accredited Debt Relief

Freedom Debt Relief and Accredited Debt Relief both negotiate with creditors to settle debts for less than owed. In both cases, clients pay fees only upon a successful settlement.

Accredited Debt Relief can help reduce monthly payments by up to 40%, but charges up to 25% of enrolled debt and is unavailable in many states.

Freedom Debt Relief charges roughly the same in fees: between 15% and 25%. In addition, clients pay a $9.95 setup and monthly maintenance fee.

National Debt vs. Accredited Debt Relief

Both National Debt Relief and Accredited Debt Relief have stellar ratings on BBB and TrustPilot, with 4.7 and 4.9 stars on TrustPilot, respectively.

National Debt Relief charges 15% to 25% of enrolled debt. Its fees are added to monthly payments that clients make to a secured savings account.

Accredited Debt Relief says it reduces payments by up to 40%. However, it charges up to 25% of enrolled debt and isn’t available in all states.

Who Is Accredited Debt Relief Best For?

Accredited Debt Relief is best for anyone who has at least $10,000 in unsecured debt—think credit cards, medical bills and payday loans—and wants to reduce the total amount they owe. But fees can be up to 25% of the total enrolled amount, and the company’s services are unavailable in 20 states.

If you’re on the fence about Accredited Debt Relief, see how it compares to the best debt relief companies before you make a decision.


Forbes Advisor staff considered 18 important factors, such as loan amounts, APR ranges, fees, terms, customer service and user experience, when creating this review. The editorial staff in charge of scoring, fact-checking and this overall evaluation have more than 25 years of combined expertise in editing and personal finance.

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