Managing debt can feel overwhelming, and finding the right solution isn’t always straightforward. If you’re exploring your options, you’re not alone—many people are looking for ways to regain financial stability. The good news is that there are different paths available, and the key is choosing the one that best fits your situation.
One company that often comes up in debt relief searches is Priority Plus Financial. But is it the right choice for you? In this article, we’ll take a closer look at their services, how they work, and what real customers have experienced.
What Is Priority Plus Financial?
Priority Plus Financial is a company that helps people dealing with unsecured debt, like credit cards, medical bills, and personal loans. While they promote loan services, they also offer debt relief by negotiating with creditors and helping clients manage what they owe.
Their approach involves working directly with creditors to try to lower the total debt amount, allowing clients to settle for less than they originally owed. For those dealing with high-interest payments, finding a way to lower costs can provide much-needed relief.
Priority Plus Financial aims to simplify the debt repayment process and provide an alternative to bankruptcy. However, as with any debt relief option, it’s important to carefully review the details and consider whether it’s the right fit for your financial situation.
How Does Priority Plus Financial Work?
If you’re dealing with debt, Priority Plus Financial starts by offering a consultation to understand your financial situation. During this process, they help you figure out whether debt settlement or debt consolidation might be the best path forward.
- Debt Settlement: This involves negotiating with your creditors to reduce the total amount you owe. Instead of paying the full balance, you’d settle your debt for a lower amount, usually in a lump sum.
- Debt Consolidation: Rather than lowering the total debt, this option combines multiple debts into a single payment—often with a lower interest rate—making it easier to manage.
Once a plan is in place, clients make monthly payments, which Priority Plus Financial uses to pay creditors according to the agreed terms. Their services are typically aimed at people struggling with high-interest credit card debt, medical bills, or personal loans.
A Closer Look at Debt Consolidation vs. Debt Settlement
Certainly, debt relief services can differ in significant ways, and it’s important to know the difference between debt consolidation and debt settlement before deciding on the best option.
Debt Consolidation
Involves combining multiple debts into one manageable payment, usually with a lower interest rate. With consolidation, clients don’t reduce their overall debt, but rather simplify the repayment structure. This can be ideal for individuals who are comfortable paying off the full amount of debt but are seeking more favorable terms to make the process easier.
Priority Plus Financial offers debt consolidation assistance by helping clients streamline their payments.
Debt Settlement
Debt settlement, on the other hand, reduces the total amount owed rather than restructuring the payment terms. In this process, a debt relief company negotiates with creditors to reach an agreement where clients can pay a portion of the original balance. This option is more suitable for individuals who are unable to pay the full debt amount but have funds available for a one-time or scheduled settlement.
Priority Plus Financial Pricing And Fees
Priority Plus Financial advertises personal loans with interest rates starting at 5.95% and loan amounts ranging from $5,000 to $100,000. However, it’s important to note that while they promote loan services, many customers report being directed toward debt settlement programs instead of receiving the advertised loans.
Loan Terms
- APR Range: 5.95% to 29.99%, depending on creditworthiness.
- Loan Amounts: $5,000 to $100,000.
- Repayment Terms: Not publicly disclosed.
- Prepayment Penalties: None.
While these loan terms are advertised, some customers have reported that upon applying, they were offered debt settlement services instead of the loans.
Debt Settlement Fees
For those enrolled in debt settlement programs, fees can vary. Industry standards indicate that debt settlement companies typically charge between 15% and 25% of the total enrolled debt. Specific fee structures for Priority Plus Financial are not publicly disclosed, so it’s crucial to obtain a clear breakdown of all fees before enrolling.
Priority Plus Financial Reviews
Understanding real customer experiences is key when choosing a debt relief company. Let’s explore what clients have said about Priority Plus Financial on popular review platforms like Trustpilot, BBB, and Google.
Trustpilot
Priority Plus Financial has an average rating of 4.5 stars on Trustpilot, indicating generally positive experiences among its customers. Here’s what some of them had to say:
- Positive Review: “I’ve had no issues with this company. Answered all my questions in a timely and professional manner.”
- Positive Review: “I am impressed with the knowledge, professionalism that was given to me. Gave me the confidence to move forward with the program.”
- Negative Review: “The company is super shady, and they use coercive practices to trick customers.”
Better Business Bureau (BBB)
Priority Plus Financial holds an average rating of 4.36 out of 5 stars on the Better Business Bureau (BBB) website. Here’s a snapshot of customer feedback:
- Positive Review: “They’ve helped me out a ton. Friendly and professional staff.”
- Positive Review: “Every representative I spoke with was extremely knowledgeable and supportive. They gave me several different options and helped me navigate a tough decision.”
- Negative Review: “I received a letter from Priority Plus Financial offering a loan at 5.99%. This gave me the impression they were a reliable lender with competitive rates. However, my experience revealed a pattern of broken promises and misleading information. They don’t actually offer loans. Instead, they pushed their debt settlement services, which wasn’t what I was looking for.”
Google Reviews
On Google, Priority Plus Financial has an average rating of 4.3 stars. Here’s what some users had to say:
- Positive Review: “It was truly a pleasure reaching someone that instantly understood my situation by actively listening to my circumstances and not only understanding my predicament, but actually empathizing with my situation.”
- Positive Review: “Great company. Understands what you are going through and takes great care to make sure you are not alone in your journey to financial health and well-being.”
- Negative Review: “The person I spoke with tried to push me to sign the agreement ASAP. The program was new to me, so I asked questions and hoped to get answers, but the person kept saying he mentioned it already and became very annoyed.”
What People Are Saying On Forums
In addition to formal reviews, individuals often discuss companies like Priority Plus Financial on forums such as Reddit.
Skepticism About Debt Settlement Services
In one Reddit thread, a user shared their skepticism about Priority Plus Financial’s debt settlement offerings. The individual questioned the legitimacy of debt settlement services in general, expressing doubt over whether these services could truly negotiate lower balances. While some may hesitate to trust these services, many companies like Priority Plus Financial do work directly with creditors on behalf of their clients. It’s common for people to have varying comfort levels with debt relief options, and understanding each method can help in making the best decision.
Concerns Over Marketing Practices
Another Reddit post described how Priority Plus Financial mailed promotional materials resembling government notices. The user felt this marketing approach was misleading.
Pros and Cons of Priority Plus Financial
Based on the information covered above, here’s a summarized look at the main advantages and drawbacks of working with Priority Plus Financial. This quick-reference table can help you evaluate whether their services align with your financial goals.
| Pros | Cons |
|---|---|
| Free initial consultation to explore debt relief options | Some customers report being offered debt settlement instead of loans |
| Generally positive reviews across Trustpilot, BBB, and Google | Some users have raised concerns about marketing materials being unclear |
| Provides a simplified process for managing multiple debts | Services may differ from initial expectations depending on eligibility |
Priority Plus Financial may be a viable option for those who need help managing unsecured debt, especially if you’re looking for a structured repayment plan or help negotiating with creditors. However, the lack of fee transparency and mixed feedback about service presentation means you should do your homework carefully and consider getting a second opinion before enrolling.
Conclusion: Is Priority Plus Financial the Right Fit for You?
Priority Plus Financial may offer helpful debt relief solutions, particularly for individuals struggling with unsecured debt. While many clients have shared positive experiences, there are also reports that suggest it’s important to ask detailed questions and ensure you fully understand the service you’re enrolling in.
Before committing to any program, take the time to compare your options and seek guidance from professionals who will prioritize your financial well-being.
At CuraDebt, we believe in clear communication, personalized strategies, and empowering you to make informed choices. If you’re exploring debt settlement or looking for trusted advice, our team is here to help—with no pressure and no hidden terms. Schedule a free consultation today and take your first step toward financial peace of mind.
