Pacific Debt Relief
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Pacific Debt Relief is a settlement company, not a lender. They negotiate directly with your creditors to reduce what you owe, aiming to settle credit card and unsecured debts for less than the full balance. You need at least $10,000 in qualifying debt, and the company manages the negotiation process on your behalf for a fee, typically 15–25% of the amount settled.
Settlement differs from consolidation. It's a gamble that can lower your total debt but damages your credit short-term and doesn't work on secured debts like mortgages or car loans. It's best for people with significant unsecured debt who are committed to repairing their credit over time and understand the risks.