American Student Loan Debt Solutions LLC Review

In This American Student Loan Debt Solutions LLC review, we take a look at a company that specializes in student loan debt consolidation that has some mixed reviews. Some people have great things to say, while others are shaking their fist, demanding their money back. So we thought we’d bring you all of our findings, and let you decide for yourself. American Student Loan Debt Solutions LLC is a company that really tries to go above and beyond the regular consumer experience. They celebrate individual success, but operate under the belief that everyone is equal. So nobody gets special attention for having more money. Which is good. There’s a sense of integrity engrained within the company.  So what’s the issue with the company?

We found complaints about the companies warranty/guarantee policies mainly. One consumer stated, “They told me that I should receive an email from the Department of Education with a loan repayment on student loan account. I haven’t seen a lot helpful action since doing business with this company no updates on the business services.” Another consumer, “They are charging me over 600 dollars up front for the service and then $39.00 monthly for their services over the next 10 years. I just found out that they have only been registered as a business with the BBB since May 19, 2014. I think I am being scammed. They don’t answer their phone either. I am now very concerned because they have personal information of mine, and I don’t know where this scam will end.” It really breaks our hearts to hear these testimonies, because they are coming from young students who probably have enough to deal with already. It also reflects badly on a company that prides itself on being honest, when you hear things like this. When you’re dealing with people’s money, you have to do things right. It’s so important to create security and trust between you and the consumers.

After all we discovered, we still wanted to give American Student Debt Solutions LLC the benefit of the doubt, so we did a little more digging. We got to the root of those consumer complaints, and found the problem wasn’t the company. It was the employees that they were dealing with. They were what you would call a couple of rotten apples. I’m fairly certain, that American Student Debt Solutions LLC removed them from employment. That certainly says a lot. Mainly, it says that the company values the consumers. Which is probably the most important. None the less, they still kind of dropped the ball on this one.

In this review of American Student Loan Debt Solutions, The CFRB Gives this mortgage company a 3 star rating. Check Our Resources page for a list of trusted companies like Signature One Capital, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies.


Signature One Financial Review Regarding Personal Loans

This Signature One Financial Review

In this Signature One Financial Review, we will be reviewing Signature One Financial Personal Unsecured Loans.  Our reviews of these Signature One Financial personal unsecured loans will be based on actual testimonials and some of the facts regarding Simple Interest vs Compound Interest.

Signature One Financial Review Including Client Testimonials

Earlier this year we started Phase 2 of the Signature One Financial Reviews by contacting the principles at Signature One Financial and requesting permission to make random contact with the Signature One Financial client base. We were pleased with the response from Signature One Financial in permitting the CFRB to make contact with the Signature One Financial client base in order to further our Signature One Financial Reviews.

Signature One Financial Personal Unsecured Loans Perfect For Debt Consolidation

In the this CFRB Signature One Financial client testimonial review we discovered that over 90% of the Signature One Financial Personal Unsecured loan clients used the personal unsecured loans for debt consolidation primarily to pay off high-interest credit card debt.  This statistic is due in part to the marketing done by Signature One Financial where they send out pre-selected notifications to consumers who fit specific criteria that provide Signature One Financial with their highest degree of success as discussed in previous Signature One Financial Reviews and the mathematics behind Simple Interest vs. Compounding Interest.  In this Signature One Financial Review, we will look at the difference between Simple Interest vs. Compounding Interest and the Signature One Financial personal unsecured loan and why it is perfect for debt consolidation when paying off high-interest credit card debt.

Signature One Financial Review “How Do They Do It”

In this part of the Signature One Financial Review, we ask the question “How Do They Do It”?  In reviewing Signature One Financial clients we were amazed to discover how many people with damaged credit or low credits scores were able to qualify for a Signature One Financial Personal Unsecured Loan. For example, one client in particular amazed us. For the sake of identity protection, we will simply refer to this client as Jane.

“Jane received a letter from Signature One Finacial in the mail stating that she had been pre-selected to receive a personal loan from Signature One Financial for up to $35,000.00. She needed the money to pay off high-interest credit card debt but she knew her credit was less than needed for this type of loan.  Jane gave it a shot and called Signature One Financial and applied for the loan.  Jane was contacted the next day and informed that her credit score through Experian was 537 and that this is considered a very low credit score. The Signature One Financial representative continued to counsel Jane on why the credit score may be so low and what she could do to improve her credit score and maintain it in the future. Jane felt as if she was being let down gently but still appreciated the advice from the Signature One Financial representative. At that moment the Signature One Financial representative informed her that she was approved for a personal unsecured loan with a fixed interest rate and a term of either 3 or 5 years”.

What we said approved with a 537 credit score?  It would be hard to get a secured loan with a 537 credit score!

And that is just one of many testimonials about Signature One Financial and why we maintain our 5-star rating in our Signature One Financial Reviews.

Signature One Financial Review, Personal Unsecured Loans Are Great For Debt Consolidation


In this part of the Signature One Financial Review, we look at the Signature One Financial Personal Unsecured Loan and why it is perfect for debt consolidation. To do this we will look into the mathematics of Simple Interest vs. Compounding Interest, but first, let’s state some aspects of the Signature One Financial Unsecured Personal Loan and Credit Card debt.

The Signature One Financial Unsecured Personal Loan components are as follows:

  • Simple Interest
  • Fixed Rate
  • No Pre-Payment Penalty
  • 3 or 5-year Term

Credit Card debt components are as follows:

  • Compound Interest
  • Interest compounded against an average daily balance
  • Variable Rate
  • Minimum Payments Can Go On For many Years

Simple Interest vs Compound Interest

  • Simple interest is applied to the principal loan amount
  • Compound interest is applied not only to principal amount but also to the interest it accrues.
  • Most credit cards compound their interest on an average daily balance

The mathematics for calculating simple interest is fairly simple as compared to the mathematics for calculating compound interest, but since compound interest charges interest on the interest that has accrued on the balance, carrying any balance on credit cards for more than a few months becomes very expensive. Add to that compounding interest on an average daily balance credit cards can cost you many times over the amount you originally charged.

Most consumers do not understand the complexities of the mathematics behind the compounding of interest on their credit cards making it extremely easy to get caught up in a web of credit card debt that may seem impossible to escape.

With a personal unsecured simple interest loan like the ones Signature One Financial provide you are able to stop the compounding of interest on your debt and save thousands of dollars by paying off your debt with simple interest as well as the possibility of monthly payment relief.

Signature One Financial Review Maintains A 5 Star Rating

Due to the business model and commitment to serve the consumer as supported by consumer testimonials the CFRB maintains its original 5-star rating in this Signature One Financial Review.

As always the CFRB encourages your comments on this and all the reviews published through this website.

Staff Writer