- Up-to-date or less than 3 months behind on their monthly payments
- Interested in paying down their debt principle
- Credit card debt
Since 1993, Consolidated Credit has helped over 5 million people get out of debt. Like all consolidation companies, they focus on combining credit card debts into one monthly payment at a lower interest rate than what you are currently paying – 30-50% lower.
Most consolidation companies do not reveal their interest rates online or over the phone until they know you are interested. While Consolidated Credit does not display their interest rates online, they told us they can get interest rates down to 6-10% on each credit card. This is just one of many ways that Consolidated Credit is more transparent than others in the industry.
Consolidated Credit is a large company with visible executives. Employees and the CEO are easy to find online, showing that they stand behind their service.
Almost everyone who leaves a review of their experience with Consolidated Credit is overly appreciative of the courteous and knowledgeable credit counselors. Many reviewers are also happy with the time it takes to pay off their debts.
- Transparent, low interest rates
- Certified counselors
- ISO and AICCCA certificates
- Available in all U.S. states
- Cancel at any time with no fees
Compared to other debt consolidation companies, Consolidated Credit has a slightly higher up front fee – $69. Of the companies we reviewed that give out up front fees, we found that the average up front payment is $56. Keep in mind that this is a one-time fee, and is only slightly higher than what other companies are charging.
Negative reviews of Consolidated Credit are much more difficult to come by than positive ones. However, some customers said they wish they could have an up-to-date balance of their accounts. One reviewer said she had trouble with the payment due each month.
About Consolidated Credit
Consolidated Credit is a true consolidation company that focuses on combining all credit card debt into one monthly payment at a lower interest rate. In one customer experience, Consolidated Credit was able to help a customer consolidate $50,000 of debt on multiple credit cards into one monthly payment and reduce their interest rates from 29% to 6%. On top of debt consolidation, Consolidated Credit also offers services with budgeting, credit counseling, financial distress from life events counseling, financial advice, and housing counseling.
Email Address: Contact Form
Hours: Monday-Thursday 8AM to 10PM EST; Friday-Saturday 8AM to 8PM EST; Sunday 9AM to 5PM EST
Address:5701 West Sunrise Blvd., Fort Lauderdale, Florida 33313
Time in Business
Consolidated Credit has been in business since 1993. Their website states that they have served over 5 million customers since opening their doors.
Consolidated Credit has been registered with the BBB since June of 1998. The reasons the BBB gives for their A+ rating include the amount of time the business has been operating, the small amount of complaints in comparison to the business’s large size, and the speed and effectiveness they have demonstrated in resolving consumer complaints. As of December 2013, no consumer reviews of Consolidated Credit are listed on the BBB website. The BBB shows 32 consumer complaints have been filed against them since 2011, and all of these complaints appear to have been resolved.
Consolidated Credit has several sections on its website devoted to helping consumers understand how to handle their personal finances properly. Under the “personal finances” tab, you can find an introduction to budgeting, a section on Budgeting for college students, and a section on budgeting for kids. Along with these sections, the website also offers advice on preparing financially for major life events. Another section on the website is geared toward helping consumers understand what credit is, how to repair their credit, how to understand credit history, and even a section on helping people who are new to the United States establish credit. The website’s information on buying homes and its glossary of financial terms are also tools Consolidated Credit uses to educate consumers about their personal finances.
No they do not offer any money-back guarantees or refunds.
Unsecured vs. Secured Loans
Consolidated Credit only handles credit card debt, which is an unsecured debt.
Consolidated Credit’s website is mobile friendly and easy to navigate. The mobile site clearly displays their contact information, the option for getting a free debt consultation, and a free financial tips section. The mobile site does not include all the same details and features as the desktop computer site, but it has enough options that consumers can easily use their basic services on their phone.
They also offer a budgeting app for mobile phones. We love their tools offering.
Consolidated Credit offers the following services: debt management, credit counseling, credit card debt advice, and personal financial help. They also have an entire specialized section of services for financial problems associated with housing. The housing services they offer consumers include foreclosure prevention counseling, mortgage payment assistance, reverse mortgage counseling, and homebuyer education and counseling. In addition, they offer online seminars about housing, and the company’s Housing Counseling Team meets with people near Fort Lauderdale, Florida, to provide advice on buying a home. Their website also features a housing and mortgage glossary to help new homeowners or potential home buyers become acquainted with financial definitions.
An online dashboard is available for account holders. Customers are given a login and are able to see the status of their account 24/7.
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