Heritage Debt Solutions

Heritage Debt Solutions is a company founded by Rick D. Gravatt. Information about this company can be found at Heritage Debt Solutions where they list the main address as:


Heritage Debt Solutions

1202 Cambridge Court

Marion, Illinois 62959


On his website Gravatt offers for sale his book entitled Debt Settlement: A Personal Perspective. The book comes in hardcover or as an ebook. Gravatt also offers Internet credit counseling and credit repair instruction. Gravatt charges $9.99 for his ebook, $39.99 for his hardcover, and $59.99 for his counseling and credit repair instruction. He offers a free download of his book that consists of the first three pages of his ebook.


Heritage Debt Solutions does not appear to be registered as a corporation or limited liability company with the State of Illinois. In addition, the Better Business Bureau has no record or entry for Heritage Debt Solutions. They are also not mentioned on the list of Federal Trade Commission (FTC) approved credit counseling agencies.


According to Heritage Debt Solution’s website, Gravatt himself once owed $80,000 in credit card debt. He chose to deal with his creditors himself after investigating all of his options. His book is based on what he found from his research. He claims that he was able to negotiate $60,0000 worth of debt down to $25,000 by himself.


Gravatt claims to have researched all types of debt relief including credit counseling, bankruptcy, debt settlement, and debt consolidation and he is willing to pass on the knowledge that he learned for the price of his book or counseling.


According to the FTC, it is important to ask these questions when choosing a credit counseling organization:


What services are offered?

Is help offered to avoid these problems in the future?

How much does it cost?

What if the fees are more than can be afforded?

Are the counselors accredited or certified? What training and qualifications do they have?

How is client information kept secure and confidential?

How are the employees paid?


It is also important to note that if you are planning to file for bankruptcy, pre-bankruptcy credit counseling must take place, and you must file a certificate of completion before filing for bankruptcy. The FTC says, “Only credit counseling organizations and debtor education course providers that have been approved by the U.S. Trustee Program may issue these certificates.” They also say that a typical session should run from 60 to 90 minutes and should be offered free of charge if the client cannot not pay.


Without personally reviewing the book it is impossible to determine if the information provided is worth the cost. It is important to remember that most consumers can learn all that is needed about the various forms of debt relief without paying anything simply by doing a bit of research.