Current Alerts For This Business
In August, 2023, BBB investigated Debthammer LLC prompted by BBB's application process. This investigation was prompted by BBB's industry review of debt relief services prior to BBB accreditation. BBB requested further information regarding their business practices and if they held licensure for operating in the debt relief services and consolidation industry.
On October 4, 2023, Debthammer LLC responded to BBB's request stating they do not charge an advanced fee for their services and only collect a fee after the debt is settled. Afterwards charging a fee between 15-25% of the debt enrolled. Their partner Alleviate Financial does not associate an interest rate for the program. Clients will also pay into a monthly escrow account until Alleviate Financial believes they have enough to negotiate with creditors. Debthammer LLC responded on average consumers enroll with $27,000 in debt and their process takes 12-48 months and the consumer can qualify for a Fresh Start Loan after 3 months, which they can use to settle their debt then pay their loan back.
At-a-glance
Related Categories
Business Details
- Location of This Business
- Hutto, TX 78634-4448
- BBB File Opened:
- 4/4/2022
- Years in Business:
- 3
- Business Started:
- 9/1/2020
- Business Incorporated:
- 9/1/2020
- Accredited Since:
- 7/2/2024
- Type of Entity:
- Limited Liability Company (LLC)
- Business Management
- Mr. Jacob Hill, Managing Member
- Contact Information
Principal
- Mr. Jacob Hill, Managing Member
Customer Contact
- Mr. Jacob Hill, Managing Member
Customer Complaints
0 Customer Complaints
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Diane A
07/24/2024
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