Who Owns Credit Associates?
Credit Associates is a well-known company that specializes in debt settlement services. With the mission of helping individuals and families become debt-free, many people wonder who actually owns Credit Associates.
The ownership of Credit Associates lies with a private equity firm called Palladium Equity Partners, LLC. Palladium Equity Partners is a middle-market private equity firm that focuses on investments in companies based in North America. Based in New York City, Palladium Equity Partners has a long history of successful investments across various industries, including healthcare, food, and consumer and business services.
Palladium Equity Partners acquired Credit Associates in 2015, recognizing the potential of the debt settlement industry and the need for effective debt relief solutions. Since then, Credit Associates has grown to become one of the leading debt settlement companies in the United States, helping thousands of people regain control of their financial lives.
FAQs about Credit Associates:
1. What services does Credit Associates offer?
Credit Associates provides debt settlement services, negotiating with creditors on behalf of clients to reduce the total amount owed and create a manageable payment plan.
2. How does debt settlement work?
Debt settlement involves a negotiation process between the debtor and the creditor, aiming to reach a reduced settlement amount that the debtor can afford to pay.
3. Is Credit Associates a legitimate company?
Yes, Credit Associates is a legitimate company with a proven track record of helping clients settle their debts.
4. Are there any upfront fees?
No, Credit Associates does not charge any upfront fees for its services. Clients only pay a fee after a successful settlement is reached.
5. How long does the debt settlement process take?
The duration of the debt settlement process varies depending on the individual’s circumstances and the amount of debt involved. It typically takes between two to four years to complete.
6. Does Credit Associates work with all types of debt?
Credit Associates primarily focuses on unsecured debt, such as credit card debt, medical bills, and personal loans.
7. Will debt settlement affect my credit score?
Debt settlement may have a temporary negative impact on your credit score. However, once the settlements are completed, you can start rebuilding your credit.
In conclusion, Credit Associates is owned by Palladium Equity Partners, a reputable private equity firm. As a trustworthy company, Credit Associates offers debt settlement services and has helped numerous individuals and families overcome their financial challenges. With its commitment to helping clients become debt-free, Credit Associates continues to make a positive impact in the debt relief industry.