
Consolidated Credit Reviews
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About Consolidated Credit
Consolidated Credit is a debt relief and credit counseling company with over 30 years of experience. It offers comprehensive debt management programs to help consumers pay off credit card debt and get back on track financially.
Consolidated Credit works with most major banks and financial institutions in the U.S.
- Over 30 years of experience
- Works with over 1,600 creditors
- No enrollment fee or charge for initial call
- Monthly fees are a bit high
- No online application process
Featured Reviews
What is Consolidated Credit?
Consolidated Credit is a debt relief and credit counseling provider founded in 1993. The company offers comprehensive debt management programs to help clients get their debts paid off and their finances back under control.
Consolidated Credit works with over 1,600 creditors, including most major credit card companies, banks and retailers in the U.S.
How does Consolidated Credit work?
The debt relief process with Consolidated Credit starts with a phone call. This initial consultation and credit counseling session is free of charge, and there’s no obligation. The company says the call typically takes 30 to 60 minutes, during which a credit counselor will walk you through your options.
If you decide to move forward, you can enroll in the Consolidated Credit debt management plan. The company contacts each of your creditors to request lower interest rates and fee waivers, but you still repay the full balance through the debt management plan. You make monthly payments to Consolidated Credit, and it then distributes those payments to your creditors.
The Consolidated Credit debt management plan generally takes 36 to 60 payments to complete.
Consolidated Credit services
Consolidated Credit offers two main services: credit counseling and a comprehensive debt management program. The company’s website provides a number of resources to help educate consumers on financial matters.
Consolidated Credit also offers specialized credit counseling and financial education services in the areas of housing, corporate financial wellness and money management for military personnel.
» COMPARE: Top-ranked credit counseling services
Consolidated Credit costs
There’s no charge for the initial credit counseling call with Consolidated Credit. The debt management plan does carry fees. How much you pay each month varies based on the state you live in.
The company states that the average monthly payment is $40, with a maximum of $79, regardless of location. These fees are included in your monthly payment to the company.
Consolidated Credit FAQ
How does Consolidated Credit affect your credit?
Consolidated Credit’s debt management plan should have a neutral or even positive effect on your credit. Since it’s not a debt settlement, the overall long-term impact should be minimal.
How long does Consolidated Credit’s debt management plan take?
Consolidated Credit’s debt management plans typically take 36 to 60 months to complete.
Where is Consolidated Credit available?
Consolidated Credit is available nationwide.
Is Consolidated Credit legit?
Consolidated Credit is a legitimate debt relief provider. The company has been in business since 1993.
Do we recommend Consolidated Credit?
Consolidated Credit is an excellent option for people who want to get out of debt without a significant hit to their credit score. The company has a tremendous amount of experience in this field.
That said, those seeking debt settlement will need to look elsewhere. Consolidated Credit doesn’t reduce the amount you owe, and its monthly fees are slightly higher than some competitors.
Consolidated Credit Reviews
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- 4,808,390 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
Consolidated Credit Company Information
- Social media:
- Company Name:
- Consolidated Credit
- Company Type:
- Private
- Year Founded:
- 1993
- Address:
- 5701 West Sunrise Blvd
- City:
- Fort Lauderdale
- State/Province:
- FL
- Postal Code:
- 33313
- Country:
- United States
- Website:
- www.consolidatedcredit.org
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