Credit.org is a non-profit agency that was founded in 1974.
The company’s mission is to improve the lives and financial well-being of individuals and families by providing quality financial education and coaching.
Credit.org offers confidential and professional credit counseling, debt management services, bankruptcy education, and housing counseling, as well as online personal finance education and in-person seminars.
Pros
- Free Debt Analysis
- Variety of Services
- Industry Accreditations
Free Debt Analysis
Each counselor has successfully completed a course of education to become certified. During the free analysis, individuals will review their finances, discuss debt resolution options, create an action plan, and receive expert support.
This plan may not go any further than the free credit counseling services. In some instances, a CPFC will advise consumers to enroll in a debt management plan to consolidate unsecured debt into one payment.
Variety of Services
Credit.org provides credit coaching, credit report guidance, credit score tips, budgeting and planning tools, debt coaching, debt management plans, bankruptcy coaching, student loan coaching, mortgage coaching, mortgage calculators, reverse mortgage coaching, and more.
Industry Accreditations
Cons
- Enrollment Fees
- Long Setup Time
- Lack of Client Control
Enrollment Fees
Long Setup Time
Lack of Client Control
For example, if a customer would prefer to pay off their highest interest rate accounts first, but their counselor disagrees, the counselor ultimately gets to make the decision.
The way the company’s business model is set up, the counselor decides the appropriation of funds, not the customer.
Our Recommendation
If you’re primarily interested in working with a credit counselor or financial coach to improve your financial situation, Credit.org may not be a bad option.
However, if you’re looking for a dedicated debt resolution or debt consolidation firm to help you get out of debt, Credit.org won’t be able to do much to assist you.
At this time we recommend another company for debt consolidation and counseling services, such as Accredited Debt Relief. If your unique situation calls for debt resolution services, we recommend Freedom Debt Relief.