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Take Charge America

Take Charge America holds over 30 years of experience with high client satisfaction. However, the company does not disclose interest rates.

Our Score
5.8
User Score
10.0
Our Score
5.8
User Score
10.0
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Undisclosed

Setup & Activation Fee

Up to $25

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

No

Number of Reviews

1

This Review is maintained by Chase Sagum

Review Last Updated: June 27, 2019

Since 1987, Take Charge America has helped over 1.6 million people pay back over $5 billion in debt through their debt management and consolidation plans. The company has a considerable amount of experience, a money-back guarantee, and is available in all 50 states. However, the high monthly fees and unknown interest rates raise questions as to how affordable their services really are.

Rank Chart
Monthly Price
Accreditations
Review

#1

Up to $79
FCAA & ISO

#2

$10-$40
AFCC & IAPDA

#3

Up to $49
ISO

#8
take charge america logo

Undisclosed
FCAA & NFCC

Pros

Experience and Accreditations

Take Charge America brings over 30 years of experience to the table. Take Charge also carries AICCA and FCAA accreditation. They are also a member of the NFCC. This is an impressive list of certifications and accreditations that not many other companies have.

Low Costs

Take Charge offers free consultations with certified debt counselors and a money back guarantee to help people feel more comfortable with giving their services a shot. In accordance with state regulation, Take Charge charges a one-time enrollment fee no more than $25, and some consumers may have this fee partially or entirely waived under extreme economic hardship.

Customer Service

Credit Counseling is an option that consumers have and can participate in completely free of charge. During the 45 to 90-minute session, consumers can expect to receive a financial assessment and help create the best plan of action to get them on the right track to financial freedom. Counselors are available to get those sometimes difficult budgets back on track and provide solutions to meet personal expense needs, as well as offering consumers educational tools and resources to help them remain debt free.

Best Debt Consolidation Companies

Cons

Undisclosed Monthly Fees

Undisclosed monthly fees.

Undisclosed Interest Rates

Another thing we were unhappy with is that this company does not disclose average interest rates offered on its debt management plans. This makes it impossible to perform an apples-to-apples comparison of costs with other companies in the space.

IRS Trouble

Another issue for concern is that Take Charge America was forced to settle a lawsuit in 2012 with the IRS in a dispute over its “non-profit organization” status. The IRS had concluded that this company was abusing its non-profit status to financially benefit the founder’s family. This is very troubling and is another point to consider before considering to settle your debts with Take Charge.

Our Recommendation

With over 30 years of experience, great accreditations, and a money back guarantee, Take Charge America does offer some quality services. However, their lack of transparency, higher possible costs, and issues with the IRS are all concerns that potential customers should consider. In addition, we have seen some of their competitors offer lower rates than Take Charge. We recommend further research to decide if Take Charge America is the right fit for your circumstances. View Top Rated Companies


Take Charge America FAQ

What is Take Charge America?

Take Charge American is a non-profit credit counseling and debt management company. They offer help with debt in the form of credit counseling, bankruptcy, debt management, debt settlement, and student loan debt.

How much does Take Charge America cost?

Prices are undisclosed at this time.

Just like other consolidation companies, the up-front or set-up fees vary by state. However, it will not exceed $25.

Do they offer a free consultation?

Yes, an extensive consultation is given for free to determine exactly which program is best for you, as well as what it would cost you.

What happens if I want to cancel with Take Charge America?

If you have any issues with your program and would like to cancel, simply call the office and they will work with you to either fix why you are unsatisfied, or work with you to end any program you are in. Keep in mind that if you were to cancel a debt management program, your creditors are then not held to the agreements that they made in terms of your fees, or interest rates. Once you leave the program, beware that your financial state may suffer once again.

Do they have an online dashboard?

Yes, they offer a dashboard on their website. Clients are able to receive messages and send messages to Take Charge America, as well as keeping track of personal information, and viewing any activity going on with their debt consolidation program, or other programs.

What type of debt does Take Charge America work with?

Take Charge America provides credit counseling, debt management programs, bankruptcy counseling, and debt settlement services to anyone seeking financial stability. Take Charge America is considered a true debt consolidation agency by consolidating their customers’ unsecured debt into one monthly payment and negotiating with their creditors to lower interest rates. Take Charge America also offers financial education, student loan support, and housing assistance to help customers be as financially stable as possible and debt free.

They offer credit counseling, debt management, do it yourself tips, bankruptcy, and debt settlement solutions. We were told that a very thorough consultation is given for free to all potential customers to determine the correct program for their needs. They do not want you to get into a program that will not be beneficial to you in the long run.

What accreditations does Take Charge America have?

It is unknown whether or not they are CPFC certified. They are AFCPE certified. This company is not ISO certified.

How much debt do I need to enroll in this program?

There are no minimum debt limits.

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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1 Take Charge America Reviews

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  1. User Score
    10
    June 12th, 2018 Kent, WA
    1 people found this review helpful!
    The process was painless. My agent did all of the work, and delivered what she promised. I would highly recommend Take Charge America
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  • 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
5.8
User Score
10.0
Rank this Company

Ratings Breakdown

Monthly Enrollment Fee

Undisclosed

Setup & Activation Fee

Up to $25

Free Consultation

Yes

Credit Counseling

Yes

ISO Certified

No

Number of Reviews

1
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