Allied Negotiation Review

This week we are reviewing a debt negotiation company that was founded by an attorney who represented a childhood friend who was having difficulty getting approved for a mortgage due to an old debt showing on their credit report. Unlike most of the other debt negotiation companies that have been reviewed here at LeaveDebtBehind, Allied Negotiation LLC is actually a law firm that is regulated by certain rules and regulations not commonly found in the debt settlement industry. The focus of this company is to negotiate debt for clients looking to reduce their balances and improve their credit.

Here are some quick facts about Allied Negotiation:

BBB Rating:- Allied Negotiation LLC is not found on the BBB

BBB Complaints:- N/A

Fee Information:- Flat fee based on the number of creditors and/or accounts that will be negotiated.

Escrow Available?:- No

Source of Funds:- Client payments

Fee Structure:- Flat fee, no set-up or monthly maintenance fees.

Avg. % Settled:- 25%-50%

Refund Policy:- Money Back Guarantee if they are unable to reduce your debt by at least 10% and improve said account on your credit report.

Minimum Debt Required:- N/A

About the Company:

The process of debt negotiation remains the same regardless of the person or company responsible for negotiating the account. Allied Negotiation will represent clients who retain their services in negotiations that will result in a savings of at least 10% of the balance of each account. This company is not a member of TASC; however they are a law firm bound by standards under the Code of Professional Responsibility. There is no information available on the Better Business Bureau to indicate whether or not Allied Negotiation has had issues with customer satisfaction in the past.

The Program:

It appears this company offers the same process but with a different twist. Instead of appealing to any and all people with financial difficulty, Allied Negotiations is geared toward people who are trying to reconcile older accounts that are negatively affecting their credit score. This is not to say they will not represent someone who is currently going through a financial hardship, however the company stresses that their program is not for individuals who are current on their payments or those that have the ability to continue to make at least the minimum payments.

I find their fee structure sets them apart from any other debt settlement company (that I have come across) since it is based on a flat fee basis. They charge $149 for one creditor and $100 for each additional creditor. If you have more than one account for each creditor you will be charged per account; for example if you have two Citi accounts that you wish to have negotiated you will be charged the rate of two creditors due to the fact each account must be negotiated separately. Allied Negotiation does not charge set up fees or maintenance fees. You are responsible for saving the money required for settlements, which will remain in your control in your bank account. They do offer a “money back guarantee” if they are unsuccessful in negotiating at least 10% savings in your settlement and improve your account standing on your credit report. For more information on this and other information you can contact Allied Negotiation for a complementary consultation to discuss your situation.

Website Experience :

I have reviewed several debt settlement companies and at first glance I thought this website was going to offer more of the same old information. Surprisingly Allied Negotiation LLC wraps up new information in an easy to read, no frills website that covers the basic information that most visitors are seeking. Since this company is actually run by an attorney, the fee structure and language in general is very different than many other debt settlement websites. I like the website and think the information that is present is very easy to understand and covers much (but not all) of the information I “look” for when reviewing debt settlement companies. This company stresses how negotiations can improve your credit score and while I can understand the angle they are coming from, I feel it could be misleading to potential clients who may think that the process itself if good for your credit. That is not the case, however if you credit score has already hit rock bottom….getting rid of debt will certainly be a step in the right direction.

I have been unable to find much information either on the web or elsewhere that would make me lean one way or the other for this company. As always, I encourage anyone reading this who has experience either positive or negative with this company to share that experience with other readers by leaving a comment. This is one company I’d love to learn more about since they appear to do things a bit differently than traditional “settlement companies.

Conclusion