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Reviews for green path debt solutions | 2019 Debt Relief Reviews
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Reviews for green path debt solutions | 2019 Debt Relief Reviews

GreenPath Financial Wellness

GreenPath Debt Solutions holds over 50 years in providing debt and financial services. The company charges a low monthly fee up to $75.

Our Score
6.6
User Score
6.6
Our Score
6.6
User Score
6.6
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Up to $75

Setup & Activation Fee

Up to $50

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

No

Number of Reviews

5

This Review is maintained by Chase Sagum

Review Last Updated: December 6, 2019

GreenPath Financial Wellness, formerly known as Greenpath Debt Solutions, is debt management company that offers help with a debt management plan, bankruptcy counseling, housing counseling, and student loans. The primary focus of our review will be on their debt consolidation, or debt counseling service. Of those who enroll in Greenpath’s debt management plan, 50% complete the program, on par with other debt relief companies.

Rank Chart
Monthly Price
Accreditations
Review

#1

Up to $79
FCAA & ISO

#2

$10-$40
AFCC & IAPDA

#3

Up to $49
ISO

#5
Reviews for green path debt solutions | 2019 Debt Relief Reviews

Up to $75
NFCC

Pros

No Minimum Debt Requirement

Unlike many debt relief companies, GreenPath Financial Wellness does not have a minimum debt requirement. This means that anyone in credit card debt can receive debt relief support from GreenPath Financial Wellness.

GreenPath Financial Wellness Pricing

For those who are unsure whether or not a debt management program is right for their financial goals, GreenPath Debt offers free financial counseling over the phone. The company employs NFCC-Certified debt counselors that give free finance and budgeting advice. The company’s debt management plan has a one-time fee and monthly fees. Costs are determined based on the resident’s state.

  • One-time fee: Average of $35 ($0-$50)
  • Monthly fee: Average of $29 ($0-$75)

GreenPath Financial Wellness will save customers more than they charge though. According to the company’s debt calculator, someone who is $40,000 in debt can save $18,000 and repay debt in 58 months, instead of 170 months. This is achieved with a reduced interest rate (around 8% on credit card debt) and waived late and over-limit fees.

Debt Consolidation companies like GreenPath can negotiate a lower interest rate with lenders. GreenPath Financial Wellness works with most U.S. creditors, including banks, over 500 credit unions, auto finance companies, collection agencies, medical providers, and retailers. The company’s established relationship with these creditors helps them negotiate lower interest rates and waived fees on behalf of their clients. Unlike debt settlement, when someone signs up for a debt management plan, they agree to pay back their debts in full, just at a lower interest rate. A lower interest rate helps clients pay back their unsecured debts in full and faster (3-5 years).

The service fee for bankruptcy counseling and education may be free or cost up to $50 depending on your financial situation and service method. If you are seriously considering bankruptcy, GreenPath Financial Wellness can provide counseling.

GreenPath Debt can provide you with an educational credit report and score for about $15.

Available Nationwide

GreenPath Financial Wellness’ services are available in all 50 states. Unique to a debt counseling agency is this company’s physical locations in 22 U.S. states: AZ, CA, CO, FL, GA, ID, IL, IN, MI, MT, NE, NV, NH, NJ, NY, OH, OK, PA, TN, TX, WI, WY. Most debt management company’s do not offer in-person help.

Possible Credit Score Improvement

On its website, GreenPath states that their customer’s credit score may dip when they first enroll in a debt management plan because lines of credit are being cancelled. However, an individual’s credit report mostly shows payment history and on-time payments. Once a GreenPath customer starts making payments on time and paying off debts, their credit report will reflect this and their score should see positive improvements.

Cons

Poor Customer Reviews

GreenPath Financial Wellness has low customer satisfaction ratings. These reviewers were unsatisfied with the level of customer service and information provided by the company.

While there are only a few GreenPath Financial Wellness reviews below, it’s worth doing more research before selecting GreenPath Financial Wellness for your needs.

Our Recommendation

On the company’s website, GreenPath Debt outlines that they exist to help with financial well-being and provide counseling for those in debt. People who do not qualify for a debt consolidation loan, who struggle to make their monthly payment, and whose debt is 15-50% of their annual income, can benefit from their debt management plan. Before making a final decision on a debt relief company, we recommend speaking to multiple companies. Most debt management companies provide very similar services, so it’s important to find the right credit counselor and customer service fit. We recommend comparing GreenPath Financial Wellness to Consolidated Credit.


About GreenPath Financial Wellness

GreenPath Debt Solutions is now GreenPath Financial Wellness.

Debt Counseling and Financial Education

GreenPath provides counseling on a variety of financial situations:

  • Reverse mortgage
  • Homebuyer counseling
  • Foreclosure prevention
  • Credit card debt
  • Debt management
  • Bankruptcy
  • Student loan help
  • Credit report review
  • Simple debt repayment plans

Note that GreenPath does not offer debt settlement.

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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5 GreenPath Financial Wellness Reviews

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  1. User Score
    10
    September 22nd, 2019
    0 people found this review helpful!
    I have been with GreenPath for over a year and I am having such an awesome experience with this company .Very professional friendly and informative I love GreenPath.
    Read More
  2. User Score
    9
    September 11th, 2019
    1 people found this review helpful!
    I have been using GreenPath for the last 8 months and I have had a wonderful experience with them. Customer service has been very good and professional and friendly and very informative!
    Read More
  3. User Score
    10
    July 31st, 2019
    2 people found this review helpful!
    Honestly, they’ve been amazing for me. So unless you lied about your income and couldn’t afford your reduced payment, that’s on you. I’ve paid down almost 3K in debt and my collection calls stopped in 3 months. My score has risen almost 100 points. The bad reviews are people who can’t keep with the program. Student loans aren’t included (I have zero since mine are paid off). Don’t rate them bad because of student loans.
    Read More
  4. User Score
    0
    May 7th, 2018 Skowhegan, ME
    6 people found this review helpful!
    Wanting to consolidate debt and student loan had a free consultation and the debt part was OK, the student loan consult was a joke.

    The guy would basically ask you a question and then talk for 15 mins non stop reading from a script, I could have gotten the same info on the internet in uder 2 mins.

    That experience was enough for me to not use their services, also the debt consult was fishy and wanted to charge me 45 dollars a month to make my payments for “negotiating and closing” my credit accounts, I have no idea what they would negotiate on my behalf.

    Whole affair didn’t pass the smell test plus many negative reviews.

    Not sure exactly what the services they offer really are as you could do all of these things yourself and take the money you pay them to pay off your debt.

    Read More
  5. User Score
    4
    February 5th, 2018 Mechanicsburg, PA
    13 people found this review helpful!
    Once your debts are paid off and your balance is zero, you will have to jump through hoops to close your account and stop them from monthly debiting of a fee. Good luck and make sure to plan the process on a day off when you have nothing else to do.
    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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Our Score
6.6
User Score
6.6
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Up to $75

Setup & Activation Fee

Up to $50

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

No

Number of Reviews

5
Our Score
9.2
User Score
9.3
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

433