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Consolidated Credit Reviews

Consolidated Credit

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

Our Score
9.2
User Score
9.4

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

Our Score
9.2
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

430

This Review is maintained by Chase Sagum

Review Last Updated: August 15, 2019

For over 25 years, Consolidated Credit has helped more than 6.5 million people with debt relief and consolidated over $7.8 billion of debt. With debt consolidation, people can make one monthly payment (instead of paying each creditor) each month at a potentially lower interest rate than what they are currently paying. Debt management services provided by Consolidated Credit are available nationwide.

Get a free financial assessment from Consolidated Credit

The average Consolidated Credit customer experiences the following:

  • Positive to no impact on credit score
  • Reduced monthly payments by 30-50%
  • Reduced credit card interest rate to 0-11%
  • $40/month fee to Consolidated Credit
  • No debt consolidation loan

 

Pros

Positive Consolidated Credit Reviews

Want to know if Consolidated Credit is good? The best way to tell is by reading reviews from real customers. The most common word used to describe Consolidated Credit is “helpful”. When you sign up for debt consolidation, you want to work with a company that is understanding, friendly, and takes time to answer your questions about the process of becoming debt free. The reviews of Consolidated Credit say these exact things and rate them 9.4 out of 10. Not only are the Consolidated Credit reps understanding and helpful, but they are also certified credit counselors. The company has ISO and AICCCA certificates.

Many reviewers are also happy with the time it takes to pay off their debts and how effective their finance management program was.

Debt Consolidation With Low-Interest Rates

Before you sign up for debt consolidation with Consolidated Credit, you’ll want to make sure that debt consolidation is the right path for you. The company offers a free 30-60 minutes consultation to access each individual’s situation. With your permission, they will do a soft pull on your credit score (meaning it will not affect your credit score).

Debt consolidation is when all your (unsecured) debts are combined into one monthly payment, usually at a lower interest rate. If you choose to work with Consolidated Credit, they will reach out to each of your creditors to see if a lower interest rate can be negotiated. The company claims that they can negotiate credit card interest rates to 0-11%. (Debt settlement plans negotiate overall amounts owed). So while you will need to pay back the money you owe, you can do so with less interest building up, and only make one payment a month (Consolidated Credit will disperse the money to each of your creditors).

Consolidated Credit has relationships with over 1,500 major banks and retailers, meaning they know how to talk to them and lower interest rates. Some of the companies the work with include: Bank of America, American Express, Chase, Citi, Discover, Capital One, Wells Fargo, USAA, Synchrony Financial, and Nordstrom.

Extensive Debt Management Resources

Consolidated Credit has an organized online dashboard available for account holders. Customers are given a login and track the progress of their debt management program 24/7.

During your free consultation with Consolidated Credit, they will determine if debt consolidation is right for you. If it’s not, they may suggest another debt relief path that they can help with:

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

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.

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.

The company even offers a budgeting app for mobile phones with a variety of offered tools.

Learn more about Consolidated Credit

Cons

Upfront Fees

Compared to other debt consolidation companies, Consolidated Credit has a slightly higher up-front origination fee – up to $49. Keep in mind that this is a one-time fee, and is either on par with or slightly higher than the upfront fees other debt relief companies charge.

On top of making payments to your credit card, Consolidated Credit charges an average monthly fee of $40 (up to $79 depending on where you live). This fee allows them to help you and others pay off debt.

No Guarantees

Unlike debt settlement, you will have to pay back all your credit card debt and other unsecured debt (although it will most likely be at a much lower interest rate). If you fall behind on the monthly payment plan you have set up with Consolidated Credit, you will have to drop out of the program and either re-consolidated your debt, or try debt settlement.

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.

Our Recommendation

Consolidated Credit is transparent about who runs the company, their prices, and exactly what you can expect when you sign up for their debt consolidation program. Finding a debt management program that is up-front about the above information and more is rare in the debt consolidation industry.

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.

Talk to a certified credit counselor from Consolidated Credit


What is Debt Consolidation?

Debt Consolidation is a debt management program. The program can be simplified into a few easy-to-understand steps that most companies, including Consolidated Credit, follow.

  1. Talk to Consolidated Credit to see if debt consolidation is a good option for your individual financial circumstance.
  2. Pay signup fees to the company you select. These are mostly determined by what state you live in.
  3. Once you sign up with a debt consolidation company, they will reach out to your creditors on your behalf: credit card, personal loan, medical billing, and sometimes student loan companies. The goal of this reach out is to lower the interest rate on debts you owe.
  4. A new interest rate on each of your debts is negotiated. For example, if you have an AMEX card with a 25% interest rate, a debt consolidation company may be able to lower that interest rate to 6%. Your creditors may also stop giving you added penalties if the know you are serious about repayment and are working with a debt consolidation company.
  5. Make one monthly payment to Consolidated Credit, or whichever debt consolidation company you choose.
  6. Your debt relief company will take a monthly fee (ex: $30) and disperse the rest out to as many creditors as you have. This way, you only have to worry about one payment each month.
  7. Because you have negotiated a lower interest rate with each creditor, you will be debt-free in an average of 3 to 5 years.

Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback. Give feedback here.

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We'll Introduce you!

Call our recommended rep over at Consolidated Credit below.

1-(888) 538-4192
Or you can visit their site by clicking here.

430 Consolidated Credit Reviews

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    Sort By:

  1. User Score
    10
    September 26th, 2017
    3 people found this review helpful!
    Excellent customer service
    Read More
  2. User Score
    10
    September 22nd, 2017 Afton, OK
    2 people found this review helpful!
    Tatiana was quick and professional
    Read More
  3. User Score
    10
    September 19th, 2017 Miami, FL
    7 people found this review helpful!
    She was patient amd very knowledgeable. You need more people like her in your call center.
    Read More
  4. User Score
    10
    September 19th, 2017
    4 people found this review helpful!
    Tatiana assisted me to ensure my account was closed. She was polite and friendly.
    Read More
  5. User Score
    10
    September 18th, 2017
    4 people found this review helpful!
    Exceptional customer service
    Read More
  6. User Score
    10
    September 14th, 2017
    5 people found this review helpful!
    The young lady I spoke with was very helpful and polite.
    Read More
  7. User Score
    9
    September 14th, 2017 Park Rapids, MN
    9 people found this review helpful!
    I talked to Tatiana and she helped me out a great deal. Very friendly and made you feel good about yourself which now days is a big deal. She is helping me get into my account but I still cannot open it. It keeps saying error. So not sure what to do there. Otherwise she was wonderful!!.
    Read More
  8. User Score
    10
    September 13th, 2017
    0 people found this review helpful!
    She was very polite, courteous and helpful
    Read More
  9. User Score
    10
    September 5th, 2017
    8 people found this review helpful!
    I have been doing business with Consolidated for the past 2 years, and I have had great feed back and service with them. They have always been professional and knowledgeable whenever I have contacted them. They have handled my account with accuracy and care, I would rate their service as 10 (awesome), and would not hesitate to recommend them to a friend.
    Read More
  10. User Score
    10
    August 30th, 2017
    2 people found this review helpful!
    I was provided excelent customer service today. All my questions were answered and I was treated with respect. Thank you.
    Read More
  11. User Score
    10
    August 21st, 2017
    3 people found this review helpful!
    Very helpful with my questions and friendly. Thanks!!
    Read More
  12. User Score
    10
    August 10th, 2017 Mission, TX
    2 people found this review helpful!
    Christine was extremely helpful and so polite.
    Read More
  13. User Score
    10
    August 4th, 2017
    5 people found this review helpful!
    Very professional and able to answer all my questions with ease.
    Read More
  14. User Score
    10
    August 4th, 2017
    3 people found this review helpful!
    This service does what it says and when people see what’s it does with on time payments the service professionals in the financial institutions says that consolidated credit is. Reputable company.
    Read More
  15. User Score
    10
    August 2nd, 2017 Marshfield, WI
    3 people found this review helpful!
    Very professional. Service was great.
    Read More
  16. User Score
    9
    July 20th, 2017
    1 people found this review helpful!
    She was very friendly and helpful
    Read More
  17. User Score
    10
    July 19th, 2017
    2 people found this review helpful!
    Tatiana was courteous, friendly, and very helpful. She listened to me and explained how Consolidated Credit could help me. It was easy to understand her. By the end of the conversation I felt I was on my way to the resolution to my financial problems.
    Read More
  18. User Score
    10
    July 19th, 2017 Garden City, MI
    0 people found this review helpful!
    Very good customer service
    Read More
  19. User Score
    10
    July 14th, 2017
    6 people found this review helpful!
    Representative was pleasant, precise, and all was taking care of within 5 minutes.
    Read More
  20. User Score
    10
    July 13th, 2017
    0 people found this review helpful!
    Very kind and helpful lady answered all my questions patiently and made sure I understood the credit consolidation services.
    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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Like many sites, we are compensated through affiliate relationships with each company we review, however all of our rankings are based on our 11-Point Ranking Criteria.

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
9.2
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

430
Our Score
9.2
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

430