Trinity Debt Management (TDM) was founded in 1994 as a non-profit agency to help foster effective personal money management. The company works with creditors on its customers’ behalf to lower interest rates and consolidate monthly payments into one. Many people who enroll with Trinity Debt Management have been able to become debt free in just 3-5 years.
The company offers reasonable fees, certified debt counselors, and a free consultation to get started. Additionally, the company is accredited with the FCAA, and is ISO certified. Further, the number of states that the company services is unknown.
Trinity Debt Management has been around for over 20 years, and experience absolutely matters in the debt consolidation industry. It often means a company has better established relationships with creditors (meaning lower rates for their clients) and more expertise in helping clients change their financial habits.
In addition to how long the company has been around, TDM is accredited with the Financial Counseling Association of America (FCAA). This ensures that financial counselors adhere to strict quality service standards and practices. Additionally, the company is ISO certified, which ensures that the company is following the standard procedures and practices for the industry.
Another great aspect about TDM is that on its website, there is a client login for company clients to view their account information, track their progress, and stay up to date on their debt management program.
- Over 20 years in business
- Free consultation
- Certified debt counselors
There are a lot of unknowns with TDM. The company does not disclose the interest rates that it can secure from creditors upfront, making it difficult to compare overall cost with other companies in the industry. Additionally, Trinity does not have any available information about upfront and monthly fees.
No NFCC Accreditation
Although the company is accredited with the FCAA, TDM is not accredited with the NFCC. Other companies of this size and with this much experience usually have at least one if not both of these accreditations.
No Available State Information
One important aspect that we take into consideration when scoring companies is what states they service. Some companies service all 50 states while others only offer services to a select few. Trinity Debt Management does not make this information available, making it hard for potential clients to feel confident in signing up for its services. We would prefer to see TDM feature this information on its website to add to the level of transparency that it can achieve.
- No NFCC accreditation
- Unknown interest rates and fees
- Unknown state coverage