Navicore Solutions started in 1991, and is headquartered in Manalapan, New Jersey. Joel Greenberg is the current President and CEO, and the company is one of the largest non-profit financial education providers in the United States. Navicore Solutions specializes in financial counseling, and offers a variety of services, including: budget, credit, housing, student loan, and bankruptcy counseling.
This financial provider helps more than 100,000 people every year, and has 12 offices in 11 states. Counselors are NFCC (National Foundation for Credit Counseling) certified, and customer service help is available seven days a week. However, the website does lack in explaining its consolidation services in detail and does not provide any specific information on fees, or interest rates.
- Online dashboard
- Easy process
- NFCC accredited
The process starts with a financial analysis between the counselor and consumer. The session is fully confidential, and counselors are NFCC certified. If the counselor thinks Navicore Solutions’ debt management plan best fits one’s financial circumstances, they will provide the consumer with a link sent to his or her email. The information sent only takes minutes to access and complete. When finished, Navicore Solutions will contact your creditors to establish a plan.
To learn more about consolidation services and the process, one can explore the ample financial resources, tools, and educational library Navicore Solutions’ website offers.
While Navicore Solutions does not offer a specific consolidation program or loan, its consolidation services work through the company’s debt management plan. This plan makes it so consumers only pay one fixed monthly payment for their unsecured debt load. The payment is made to Navicore Solutions, and the company then sends the appropriate funds to one’s creditors. The company aims to lower one’s monthly payments and interest rates. Navicore Solutions also tries to waive any fees that arise, and consolidate the debt in a simple and clear manner.
On average, the debt management plan is designed to resolve all debt in around three to five years. However, customers can pay off the debt faster if they choose.
If one does choose Navicore Solutions for their debt needs, they can expect the following benefits:
- Lower monthly payments
- Lower or waived interest rates
- Stopped collection calls
- Waived late fees
- An affordable repayment plan
Collection Call Stops
Navicore Solutions’ website explains that with the company’s debt management plan and consolidation services, collection calls are usually stopped after three consecutive payments are made. If a customer does happen to get a creditor call, they can notify the creditor that they are working with Navicore Solutions; Customers should let Navicore Solutions know right away so the organization can make sure it doesn’t happen again.
- No consolidation program
- No money back guarantee
- Not available in all states
No Specific Consolidation Program or Loan
Unlike many consolidation companies in the industry, Navicore Solutions does not fully focus on a consolidation program or loan. Instead, the company offers consolidation services as a part of its debt management plan. The debt management plan provides an affordable way to consolidate debt; however, there is no individual consolidation program or loan advertised.
Lacking Fee Information
The company does not provide any concrete or specific fee information. Navicore Solutions does not specify if they charge any kind of upfront, cancellation, or late fees.
However, Navicore Solutions’ website does hint that the debt management program may include monthly services fees, and a one-time enrollment fee. The website does not elaborate any further. Information on fees, costs, and interest rates are incredibly important to know upfront, when exploring different debt consolidation options.
Not Available in All States
Unfortunately, Navicore Solutions offices are not available in every state. In fact, the company only has 12 locations across 11 states, including: New Jersey, California, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New York, North Carolina, and Texas. The company does not explain if remote-only services are offered for people not in one of its office location states.
Possible No Money-Back Guarantee
Many top companies in the industry offer a money-back guarantee, or some kind of satisfaction guarantee. It is unclear if Navicore Solutions offers this since the website does not mention it.
Not Fully Accredited
Even though all of Navicore Solutions’ counselors are NFCC accredited, it does not appear that the company is AFCC (American Fair Credit Council) or ISO (International Organization for Standardization) accredited.
Frequently Asked Questions
Does Navicore Solutions Offer Consolidation Services or Personal Loans?
Instead of offering a personal loan that can be used for consolidating debts, Navicore Solutions’ debt management program consolidates debt as one of its features.
What Is The Monthly Fee?
The company’s website hints at monthly fees, but does not specify what they are, or if all cases include them.
Are There Any Upfront Fees?
Navicore Solutions does hint at a one-time enrollment fee, but does not elaborate on anything past that. While the website does not provide any specific information on upfront fees, the company does work with one’s creditors to waive late fees.
What Is The Cancellation Policy?
The company does not provide any information on a cancellation policy, cancellation fees, or any kind of money-back guarantee.
Can I Get a Free Consultation?
While the website does not explicitly state that Navicore Solutions offers a free consultation., the first step in their process is a financial analysis with an NFCC certified counselor. This no-obligation session helps determine what solution works best with one’s unique financial circumstances. During this session, the counselor will create a budget that works for the consumer. Counselors are available seven days a week, and all sessions are confidential.
About Navicore Solutions
Navicore Solutions is a non-profit financial service provider. They specialize in financial counseling, and offer a variety of services, including: budget, credit, housing, student loan, and bankruptcy counseling. The website makes it very clear that debt settlement is unlike their debt management plan. With Navicore Solutions’ debt management plan, the company establishes an agreed upon fixed monthly payment with each of one’s creditors. Customers can also enjoy ongoing financial counseling to maintain consistent monthly payments to creditors. While settlement negotiates one’s debts to a lesser amount, Navicore Solutions’ debt management plan aims to get the debt paid off in full. Navicore Solutions does not appear to offer a specific consolidation program or consolidation loan. The company’s website does not provide any consolidation examples, but does provide client success stories.