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Consolidated Credit Reviews

Consolidated Credit

Consolidated Credit offers transparent pricing and company information. The company is available in all states and is great for credit card debt.

Our Score
9.0
User Score
9.4

Call For Free Consultation:  1-(888) 538-4192

Our Score
9.0
User Score
9.4
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Up to $79

Setup & Activation Fee

$0-$49

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

Yes

Number of Reviews

425

This Review is maintained by Chase Sagum

Review Last Updated: May 16, 2019

Since its founding in 1994, Consolidated Credit has helped more than 6.5 million people with debt relief, consolidating over $7.8 billion. The company offers debt consolidation and credit counseling with certified credit counselors. You can get a free consultation before you decide if you want Consolidated Credit’s services.

The Good

  • Low-Interest Rate
  • Nationwide Availability
  • Consolidated Credit Reviews
  • No Cancellation Fees
  • Time in Business
  • Debt Education
  • Wide Range of Services
  • Online Dashboard
  • Mobile-Friendly Site

Low-Interest Rates

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 could get interest rates down to 6 to 10 percent on each credit card. This is just one of many ways that Consolidated Credit is more transparent than other debt management companies in the industry.

Nationwide Availability

Consolidated Credit offers nationwide service.

Consolidated Credit Reviews

Almost everyone who leaves a review of their experience with Consolidated Credit is overly appreciative of the courteous and knowledgeable counselors. Many reviewers are also happy with the time it takes to pay off their debts and how effective their finance management program was.

In most cases (depending upon how a debt management plan is executed, what the repayment terms are, and if you’re only making minimum payments), debt settlement will not negatively impact consumers’ credit scores. Credit reports are based on how the debt settlement is reported to creditors. Consolidated Credit also has ISO and AICCCA certificates.

No Cancellation Fees

If you decide to cancel Consolidated Credit’s services, the company will not charge any cancellation fees.

Time in Business

Consolidated Credit has been in business since 1993. Their website states that they have served over 6.5 million customers since opening their doors.

Debt Education

Consolidated Credit has several sections on its website devoted to helping consumers understand how to handle their personal finances properly. The credit company provides a FAQ page that answers inquiries about debt settlement programs, credit score repair, loans, fees, and interest rates. This free offered financial education can help consumers grow their knowledge and apply it to their financial situation.

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.

Wide Range of Services

Consolidated Credit offers the following services:

  • Debt management
  • Credit counseling
  • Credit card debt advice
  • Personal financial help

The company also has 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, Consolidated Credit offers 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 homebuyers become acquainted with financial definitions.

Online Dashboard

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.

Mobile-Friendly Site

Consolidated Credit’s website is mobile friendly and easy to navigate for all account holders. 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.

Consolidated Credit also offers a budgeting app for mobile phones with a variety of offered tools.

The Bad

  • High Upfront Fees
  • Negative Reviews
  • No Money-Back Guarantee

High Upfront Fees

Compared to other debt consolidation companies, Consolidated Credit has a slightly higher up-front origination fee – $79. Of the companies we reviewed that give out up-front fees, we found that the average payment is $56. Keep in mind that this is a one-time fee, and is only slightly higher than what other debt consolidation companies are charging.

Negative Reviews

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.

No Money-Back Guarantee

Unfortunately, Consolidated Credit does not offer a money-back guarantee for its consolidation options. However, the company does not charge a cancellation fee if you decide to stop using its services.

The Bottom Line

Consolidated Credit is transparent about who runs the company, their prices, and what states they are available in. Finding a debt consolidation company that is up-front about the above information and more is rare in the consolidation industry. You can find Consolidated Credit reviews at the bottom of this article.

One of Consolidated Credit’s certified debt counselors will be able to give you exact pricing for your unique situation without any fees. We recommend working with Consolidated Credit for any credit card debt you find yourself in. Consolidated Credit can assist you in consolidating your debt and creating an effective debt management plan to ultimately eliminate debt.

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 to help you improve your financial situation.

In one customer experience, their debt consolidators were able to help a customer consolidate $50,000 credit card balances into one monthly payment and reduce their interest rates from 29 percent to 6 percent.

On top of debt consolidation, Consolidated Credit also offers services with budgeting, consolidated credit counseling, financial distress from life events counseling, financial advice, and housing counseling. They have a long, 25-year history, which is more than your average debt settlement company.

See below for Consolidated Credit Reviews from consumers.

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425 Consolidated Credit Reviews

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    Sort By:

  1. User Score
    0
    January 29th, 2019 Los Angeles, CA
    8 people found this review helpful!
    They will never stop calling you. Never give them your information.
    Read More
  2. User Score
    10
    November 8th, 2018 Brooklyn, NY
    5 people found this review helpful!
    Nickoel was incredibly helpful and a pleasure to speak with. I felt like I was spinning my wheels barely making the minimum payment every month. I just joined the program and I will be starting this month. I was incredibly nervous and worried but she made me feel comfortable and answered any questions I had.
    Read More
  3. User Score
    5
    October 23rd, 2018
    6 people found this review helpful!
    Must have a minimum of $5000 debt and they don’t say that till you call.
    Read More
  4. User Score
    10
    May 16th, 2018 LaFayette, GA
    4 people found this review helpful!
    Hey were very polite and helpful of getting you where you needed to pay
    Read More
  5. User Score
    10
    May 1st, 2018 Bakersfield, CA
    6 people found this review helpful!
    The professional team at Consolidated Credit is very knowledgeable and understanding of those contacting them for debt consolidation. I never felt judged, only supported. The staff works with you to determine the best route to take to help you clear your debt in the most expedient way possible. Everyting is explained very thoroughly and together you decide on a plan.
    Read More
  6. User Score
    8
    April 24th, 2018 Los Angeles, CA
    2 people found this review helpful!
    Thy help to less ur debt and for one the plan and hve a less debt free live
    Read More
  7. User Score
    10
    April 24th, 2018 Lancaster, CA
    8 people found this review helpful!
    So far so good, I’m a customer for less than a month, and they have delivered on all their promises.
    Read More
  8. User Score
    0
    April 4th, 2018
    9 people found this review helpful!
    Very deceitful practice.They told me that I would be on the program for two years and are now telling me it is 4 years.I fell trapped and don’t know what to do.They are such good liers that they believe themselves
    Read More
  9. User Score
    0
    January 17th, 2018 Partlow, VA
    25 people found this review helpful!
    if you appreciate your credit score DO NOT sign up with consolidated credit they will totally ruin your credit, they will tell you this “at the begining of the program you will take a hit on your credit report” but they dont tell you that all of your accounts will be delinquent 30-60 days reported on your credit report dropping your score over 100 points
    Read More
  10. User Score
    0
    October 17th, 2017
    20 people found this review helpful!
    I spoke to a CSR named Anthony that was anything and everything except helpful! When you’re in a financial bind and looking for help and answers, the LAST thing you need is someone judging and talking down to you. He not only was rude and condescending but he spoke to me like he was reprimanding a child. I’d file bankruptcy before I’d use this company based on this one csr!
    Read More
  11. User Score
    10
    October 17th, 2017 Nyack, NY
    6 people found this review helpful!
    I had questions concerning a letter from customer care team of capital one. They stated they
    could forgive or cancel my principal balance of 600.00 or more.
    Wow I thought this was great. so I called Consolidated Credit.
    Apparently the bank should have sent this letter back in 2015.
    I would have never known unless I called. Great job to customer service.
    Read More
  12. User Score
    10
    October 17th, 2017
    4 people found this review helpful!
    Thank you for helping me and I amvery pleased with all the services that your company has done for me!
    Read More
  13. User Score
    10
    October 5th, 2017
    2 people found this review helpful!
    Very professional. Great understanding
    Read More
  14. User Score
    10
    October 3rd, 2017
    0 people found this review helpful!
    She was very professional and informative
    Read More
  15. User Score
    10
    September 28th, 2017 Mcminnville, TN
    3 people found this review helpful!
    Very polite and helpful!
    Read More
  16. User Score
    10
    September 26th, 2017
    2 people found this review helpful!
    Excellent customer service
    Read More
  17. User Score
    10
    September 22nd, 2017 Afton, OK
    1 people found this review helpful!
    Tatiana was quick and professional
    Read More
  18. User Score
    10
    September 19th, 2017 Miami, FL
    6 people found this review helpful!
    She was patient amd very knowledgeable. You need more people like her in your call center.
    Read More
  19. User Score
    10
    September 19th, 2017
    3 people found this review helpful!
    Tatiana assisted me to ensure my account was closed. She was polite and friendly.
    Read More
  20. User Score
    10
    September 18th, 2017
    3 people found this review helpful!
    Exceptional customer service
    Read More
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

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Real Reviews (yes they’re real)

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All reviews are subject to moderation and approval. Any reviews that may resemble false information, or competitors of another company will need to be verified by our staff before being approved and published. We reserve the right to approve or deny any reviews left on this site.
Our Score
9.0
User Score
9.4
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Up to $79

Setup & Activation Fee

$0-$49

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

Yes

Number of Reviews

425
Our Score
9.0
User Score
9.4
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Up to $79

Setup & Activation Fee

$0-$49

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

Yes

Number of Reviews

425