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#15
Family Credit Management Reviews

Family Credit Management

With over 21 years of industry experience, Family Credit Management offers a free consultation. Fees are undisclosed.

Our Score
4.1
User Score
9.0
Our Score
4.1
User Score
9.0
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Undisclosed

Setup & Activation Fee

Undisclosed

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

Yes

Number of Reviews

3

This Review is maintained by Chase Sagum

Review Last Updated: June 27, 2019

Rank Chart
Monthly Price
Accreditations
Review

#1

Up to $79
FCAA & ISO

#2

$10-$40
AFCC & IAPDA

#3

Up to $49
ISO

#15
Family Credit Management Reviews

Undisclosed
ISO

Pros

Free Consultation Available in All 50 States

Family Credit offers free ten minute consultations and a money back guarantee to help ease any concerns and answer questions of prospective clientele. It is also worth noting that the company has a nationwide presence, licensed to help customers in all 50 states.

Low Cost

Family Credit Manages shares its average cost of service, instead of the range like other debt companies. Fees depend on what state you live in and what you are eligible for, but on average, the up-front fee is $40 and the monthly fee is $30.

Positive Reviews

Customer reviews seem to emphasize how courteous and helpful the staff is, both during the free consultation and while working to pay off their debts. Others have expressed appreciation for the fact that working with Family Credit Management has helped them pay off their debts without damaging their credit scores. We like this company’s approach when it comes to understanding the economic hardship of consumers inquiring about their services. They allow clients to choose a due date suiting their personal schedule and even allow some to cut the monthly payment into two monthly installments to help ensure program success.

Best Debt Consolidation Companies

Cons

Lack of Accreditation

Our review team had to look hard to find something worth complaining about with Family Credit Management. The only drawback is that although the company has some accreditations, it is not certified by the AICCCA or NFCC. These certifications usually serve to help show that a company knows what it’s doing and follows industry best practices.

Potentially Long Payback Period

Family Credit Management states that with their program, individuals take an average of 5 years to pay off their debts. For other debt consolidation programs, five years is a maximum.

Our Recommendation

Overall, Family Credit Management may have a few good reviews, but they do not provide enough information for us to recommend them at this time.

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Family Credit Management FAQ

As an established non-profit organization, Family Credit Management provides its customers with a credit counselor to discuss debt management, credit counseling, and housing counseling. Family Credit Management is known for being a true debt consolidation organization that combines consumer’s debt into one monthly payment and assists in lowering the overall interest rate. Family Credit Management was able to help one consumer reduce their interest rate as low as 1.9 percent. Family Credit Management also provides a few free resources like a digital personal finance made easy book, “100 Small Ways to Save BIG” booklet, several financial calculators, and a personal spending plan.

How much does Family Credit Management cost?

If you choose to sign up with Family Credit Management, you will pay a one-time fee. This fee averages $40. There is also a monthly fee that averages $30.

How long has Family Credit Management been in business?

Family Credit Management Services opened its doors in Chicago in 1996 and has been serving its customers during the past 21 years.

What type of debt do they work with?

As with most debt assistance programs, they work with unsecured debts.  These include credit cards, store credit accounts, medical bills, etc.  Mortgages, car loans and student loans are not eligible for the debt management Program.

How can I cancel Family Credit Management?

Family Credit Management does not require that you sign a contract.  If you are unhappy with their services, you simply cancel their program at any time and stop paying the monthly fees.

What are Family Credit Management’s business hours?

  • Monday – 8:30am – 9:00pm CT
  • Tuesday – Thursday – 8:30am-7:00pm CT
  • Friday – 8:30am-5:00pm CT

What debt services do they offer?

Family Credit Management offers credit counseling services, debt management and more.  They help you to enroll in their Debt Management Plan and work to lower your interest rate and monthly payments to your creditors.  For a monthly fee, plus your plan payment, they disburse these funds to your creditors.  Rather than a debt settlement plan, your credit rating doesn’t take a plunge.  These programs also show your creditors (past, present and future) that you are working to pay off what you legally owe and are serious about taking responsibility for your debt.

What accreditations do they hold?

Family Credit Management debt counselors are CPFC certified. Family Credit Management is ISO 9001 certified. They follow the highest standards of service in the credit counseling services industry.

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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3 Family Credit Management Reviews

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  1. User Score
    10
    April 11th, 2019
    0 people found this review helpful!
    This company is amazing,!!!! They work hard to lower interest rates, wouls reccomend them to any body who is struggling with debt.
    Read More
  2. User Score
    7
    August 4th, 2018 Homer, GA
    3 people found this review helpful!
    Abigail was very friendly and did not make me feel rushed during the free consultation.
    Read More
  3. User Score
    10
    October 15th, 2014 Bellmawr, NJ
    10 people found this review helpful!
    I love family credit very professional
    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
4.1
User Score
9.0
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Undisclosed

Setup & Activation Fee

Undisclosed

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

Yes

Number of Reviews

3
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