InCharge Debt Solutions Reviews
Reviews of InCharge Debt Solutions from real customers
(6 verified)
The Good
- Positive reviews
- Low upfront fees
- Highly accredited
Free Consultation and Accreditations
Those feeling overwhelmed with debt (credit card debt and some unsecured debt) can call InCharge, talk to a certified counselor, and get a free analysis of their situation. This free counseling session can help customers find solutions to their financial issues. InCharge has several industry accreditations and certificates. The company has certified credit counselors and is accredited by the NFCC and AICCCA.
Positive Reviews
Calling a consolidation company and admitting your debt can be a difficult step to take. People who have reviewed InCharge say the company’s financial counselors make them feel hopeful and explain the program very clearly. InCharge customers are happy with the company’s consolidation services.
The Bad
- Unknown cancellation policy
- No ISO certificate
- Unknown state availability
Lack of Transparency
The prime reason InCharge has a below average score in our review is because they do not disclose several key pieces of information. The average interest rate consolidation companies can get your debt down to is usually difficult to find, and InCharge is no different. This makes it difficult to know what your monthly payments would be. We also could not find the company’s refund policy or in which states they are available. We would like to see more transparency from InCharge.
The Bottom Line
InCharge offers excellent credit counseling from its counseling agency and a debt management program to help people pay off their debts in three to five years. The debt management company is highly accredited and has fees that are typically lower than industry averages. However, because several key elements are not transparent about InCharge (interest rates and where they are available), we cannot recommend using them. For a more transparent company, check out the top consolidation companies.
About InCharge Debt Solutions
InCharge Debt Solutions provides both debt management and debt consolidation. The Incharge Debt Solutions debt management plan allows for customers to be able to consolidate all of their debt into one monthly payment with a lower interest rate so the customer can pay off that debt in approximately three to five years. For one customer, InCharge Debt Solutions was able to help them reduce their debt payoff from 15 years to four years while also helping them save $7,900 in interest payments. Along with that, InCharge Debt Solutions also offers a debt consolidation loan option. In your account, they gather all of your loans and debts to creditors into one new loan with a lower interest rate than your average debt interest rate.
-
User Score10
-
User Score101 people found this review helpful!I started with Incharge in September 2016. The counselor was very helpful and didn’t make me feel bad about my financial situation. InCharge has been such a blessing because my finances were very stressful. To date, I have paid close to 40% of the balances. Their website allows you to track your progress for each account. I often login to see the progress bars when I’m feeling a little discouraged and it’s a great reminder of my goal to be debt free. I highly recommend them to anyone needing a way to get out of debt and gains some peace of mind!Was this review helpful? YesRead More
-
User Score93 people found this review helpful!I am very grateful for Incharge Debt solutions. Was stressed out with all of my debt. Called them, worked out a plan with a counselor. I haveone easy monthly payment, andlook forward to beingout of debt in 4 years. Thanks In Charge!!!!Was this review helpful? YesRead More
-
User Score1013 people found this review helpful!I knew of them through my brother who rated them a 10 as well. I was in dire straits in 2013, now, I am only 10 months away to be debt free!!! These people know what they are doing!! I sold my truck to pay a credit card before knowing them, worst mistake I ever made. Try them out!! Highly recommended!!! MCAllen, TexasWas this review helpful? YesRead More
-
User Score10
-
User Score10
- 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.
Read full articleRecent News:
Most Helpful Reviews From InCharge Debt Solutions Customers