CountryWide Debt Relief is unique in that it will guarantee to take you on as a customer if you meet particular criteria. These criteria are:
- Minimum debt owed of $10,000
- Must be able to afford the greater of $250 or 1.5% of the total debt owed each month
- You are not delinquent in your debt
- You live in an approved state
CountryWide will work with you to try and get you out of debt in 1-4 years via an agreed payment plan or debt settlement strategy. CountryWide offers debt settlement funding at APRs ranging between 5.99% and 35.89%. The APR of 35.89% is very high and will be reserved for higher-risk clients with poor credit ratings. If you fall into this category, ensure that you shop around other debt relief providers due to the high APR rate. However, the lower end of the APR range at 5.99% is very reasonable.
CountryWide charges fees based on performance, so no fees are payable upfront. This, coupled with a free consultation session, means there is no downside in speaking with CountryWide to see how it could help your position.
The only issue we have with CountryWide is the lack of transparency around fees charged. CountryWide claims that customers save, on average, 25% to 40% of their original debt after their fees are accounted for. While not publicized, it is believed that CountryWide charges between 15% and 25% of the enrolled debt amount.