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Reviews for Trinity Debt Management | 2019 Debt Relief Reviews
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Reviews for Trinity Debt Management | 2019 Debt Relief Reviews

Trinity Debt Management

Trinity Debt Management offers a free consultation and is accredited with the FCAA and the International Organization for Standardization (ISO).

Our Score
3.2
User Score
1.0
Our Score
3.2
User Score
1.0
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

1

This Review is maintained by Chase Sagum

Review Last Updated: September 20, 2019

Trinity Debt Management is a non-profit Christian debt agency that offers an in-depth debt management program along with other financial services like credit counseling to families and individuals who are struggling with long-term debt.

Rank Chart
Monthly Price
Accreditations
Review

#1

Up to $79
FCAA & ISO

#2

$10-$40
AFCC & IAPDA

#3

Up to $49
ISO

#23
Reviews for Trinity Debt Management | 2019 Debt Relief Reviews

Undisclosed
FCAA & ISO

While Trinity Debt Management lists several services available on their website as being available to help with consumer debt, after talking to the personal financial coach, we were told that the bulk of their business and emphasis is on credit counseling services, rather than credit consolidation or debt settlement. In addition to credit counseling services and debt settlement services, the company provides housing counseling and student loan services.

Pros

Free Consultation

Potential clients can get a freel consultation with Trinity Debt Mangement’s certified credit counselors. These counselors can give advice on each individual’s debt/financial situation, as well as an overview of the debt management program and other debt services the company provides. It is completely free and comes before any up-front fees.

The company label’s the free consultations as a “Free Debt Analysis”. They also request that an initial application with general information is filled out for a counselor to follow up with consumers within one business day. Name, residence, phone, and each creditor will be on the initial application.

Client Education

The company focuses on educating their clients on money management and helping them take control of their financial situation. While TDM is a Christian debt consolidation agency, you do not have to follow their beliefs to use the debt management program.

They offer a decent amount of educational materials and resources. Financial resources include links on the following subjects: budgeting, credit report and credit score, bank rate and financial information, credit bureau, credit card information, credit and debt, government agencies, homeowner’s guide, insurance, and more.

Certifications

TDM’s employees are not CPFC certified, but they are all certified credit counselor through the Association of Credit Counseling Professionals. Trinity Debt Management is also ISO 9001 Certified.

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Cons

No Online Dashboard

Trinity Debt Management does not offer an online dashboard to its customers. Their customers can monitor the status of their debt through monthly bills they receive from their creditors.

Lack of Accreditations

Despite being in business for over 23 years, Trinity is missing the fairly standard NFCC accreditation. Accreditations show a commitment to best industry practices and guarantee a certain level of quality in a company’s services.

Lack of Transparency

Trinity Debt Management fees are unknown. They don’t disclose the range of interest rates, months fees, or up-front costs for any of its services. They also do not disclose the states in which they operate.

Our Recommendation

Trinity Debt Management is known as a Christian-based, non-profit organization and counseling agency. The Trinity Debt Management program includes a financial analysis, a monthly payment, and more. The company offers several services including credit counseling services, debt management services, housing counseling, and student loan services. The non-profit organization also offers a free credit consultation and educational resources. However, Trinity Debt Management does not provide an online dashboard, lacks transparency, and does not have as many accreditations as other debt management companies.

If you are interested in Trinity Debt Management services, we recommend that you conduct your own personal debt management plan research and read several Trinity Debt Management reviews in order to see if Trinity Debt Management is the right debt settlement program for you.

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1 Trinity Debt Management Reviews

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    1
    June 14th, 2019 Cypress, TX
    3 people found this review helpful!
    This particular debt management service advertises that it helps with student loans. However, they do not offer debt counseling for private student loans. The individual I spoke to said there was no help/counseling she could offer for private student loans and offered no further resources. The conversation was simply ended. FYI for anybody thinking they handle a wide range of student loan debt counseling.
    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
3.2
User Score
1.0
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

1
Our Score
9.1
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