Consolidated Credit
check_circle VerifiedConsolidated Credit has helped clients hammer away millions of dollars worth of debt since 1993. Since opening, it has helped millions of customers with debt issues and is one of the largest credit counseling agencies in the United States. The company boasts highly competitive interest rates, industry accreditations, and a positive reputation with online customer reviews.
Consolidated Credit also offers educational resources to improve its customers' financial literacy, particularly regarding credit cards and debt. Some of these resources include webinars, debt-to-income ratio and credit score cost calculators, and articles on various financial topics. Consolidated Credit also offers a community outreach program to provide financial education in addition to consolidating debt for its clients.
Consolidated Credit is one of the biggest companies in debt consolidation — the company has been featured in CNN, Forbes, MSNBC, and more. By making one (lower) monthly payment with the company, you can stop worrying about penalties for late payments and reduce your credit card debt by 30-50 percent.
The Good
- Years of Industry Experience
- Consolidated Credit Cost
- Great Interest Rates: Consolidate Credit Card Debt at 0—11 Percent
- Available to All
- Accredited Company; Certified Staff
- Positive Customer Reviews
Years of Industry Experience
Consolidated Credit is one of the oldest names in the industry, having accumulated over 20 years in business. During that time, it has built a reputation for total professionalism, offering CPFC certified debt counselors and free debt consultations for potential clients.
Unlike debt consolidation companies offering personal loans, Consolidated Credit is a credit counseling agency. The company’s certified credit counselors perform a free evaluation to help determine the best debt relief option for each potential client.
Consolidated Credit Counseling services include a free review of the client’s current financial situation, credit report (credit history and credit score), and budget. This first credit counseling session can provide debt management strategies (e.g. making more than the minimum payments on your credit cards), budget advice, and ideas to improve bad credit and eliminate debt.
If a debt management plan is the best solution, the company will design a repayment plan to fit the unique needs of the client. A debt management program is a great alternative to debt settlement and debt consolidation loans while providing affordable monthly payments.
The customization of Consolidated Credit solutions means that each client’s specific needs will be addressed and clients are helped in meaningful ways.
Consolidated Credit Cost
Many consolidation companies charge an enrollment fee and a monthly fee for their services. Consolidated Credit charges an upfront fee of $0 to $49 — this is a one-time, account set-up fee. Consolidated Credit also charges a monthly fee of up to $79, a standard fee for debt management programs.
Consolidated Credit bases its monthly fees on what a client can afford. Some clients may qualify to pay no monthly fee.
Debt consolidation is a government-regulated industry. As a result, most companies charge similar prices, though fees vary by state. Consolidated Credit is no different.
Great Interest Rates: Consolidate Credit Card Debt at an Average of 0–11 Percent
Less regulated are the interest rates Consolidated Credit can negotiate with lenders, including credit card companies. It works with creditors to help clients achieve the best possible deal.
The company claims to get credit card interest rates down to an average of 0–11 percent APR — one of the lowest rates in the industry. These lower rates equate to a smaller overall payment for credit card debt and less interest.
Available to All
Each state has its own unique debt consolidation rules. For this reason, not all consolidation companies have their services available nationwide.
Consolidated Credit follows the state laws in every state. Its counseling services are available to people struggling with unsecured debt in every U.S. state. Consolidated Credity works to help people understand the best ways to manage their debt and what their consolidation options are.
In addition to helping clients consolidate credit card debt, Consolidated Credit counselors can help clients with debt from medical bills, payday loans, and more.
Accredited Company; Certified Staff
The company is ISO certified and is accredited with the FCAA (Financial Counseling Association of America).
Gary Herman, the president of Consolidated Credit, has been working with the company for over 20 years. He has training as a certified credit counselor and is also the vice president of the FCAA, which is an important organization that ensures companies offer the best debt relief.
Positive Customer Reviews
Consolidated Credit reviews frequently cite the staff's professionalism and overall quality customer service. Many of the reviews commended Consolidated for the ease of contact and polite, helpful staff members who guided clients every step of the way.
Some reviews are from users who used the free consultation but did not end up using Consolidated Credit's debt management plan services, yet felt they were able to walk away more knowledgeable about their best course of action after the consultation with a credit counselor.
The Bad
- Monthly Fees
- Not NFCC Certified
- Limited Website Information
Monthly Fees
Although its monthly fee is not significantly high, it is pricier than the industry average. Consolidated Credit charges a fee up to $79, which is a little higher than some of the competition.
This is most likely offset by the monthly savings and the much lower interest rate it provides. While this higher fee may be worth the savings in the long run, it is worth noting to potential customers.
Both the upfront-fee and monthly fee rates are subject to the state where the consumer resides, who the creditors are, and the amount of money owed. Potential clients should take advantage of the free consultation to learn specific cost information for their situation.
Not NFCC Certified
Consolidated Credit is not certified with the NFCC (National Foundation for Credit Counseling). There are several other companies in the debt consolidation industry that do hold this certificate.
Accreditations and memberships can be an important feature to look for when choosing a company to work with. These associations require accredited companies to keep a certain standard of best practices.
This help ensures that customers are receiving quality services. While Consolidated Credit is not certified through NFCC, it is certified by other organizations, such as ISO and FCAA.
Limited Website Information
Though Consolidated Credit provides a robust amount of financial advice, it does not have much information about its actual credit counseling services and debt management plans available on its website.
However, this is likely because their programs are created based on client needs. Each client’s situation is different, so the programs vary accordingly.
Consumers are urged to call or apply online to receive more information. Online information helps customers while they are searching for the company that best fits their financial needs.
The Bottom Line
Consolidated Credit's lengthy track record, pricing, service level, and expertise are impressive. Even on our own site, customers give Consolidated Credit a very high average rating.
While one could dwell on the max $79 monthly fee, most Consolidated Credit clients will have a smaller monthly fee payment. Customers are also overwhelmingly positive about Consolidated Credit. The company aims to improve consumer credit knowledge and help individuals pay off credit card balances through a personalized management program and consolidating debt.
Given that the company is available in all 49 states and has such positive customer reviews, we strongly recommend it to any clients with unsecured debt consolidation needs. If you want to consolidate your debt into one monthly payment through a debt management program instead of with a consolidation loan or personal loan, Consolidated Credit is a great option.
Consolidated Credit counseling services can review your financial situation, help you make a debt management plan, understand consolidating your debt, and even negotiate interest rates with creditors. Consolidated Credit's relief services can help you stay on top of payments, avoid filing bankruptcy, and get you on the path to becoming debt-free.
Call our recommended rep over at Consolidated Credit below.
1-(844) 720-3995
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User Reviews
Star Rating
698 Reviews
Review Breakdown
Sentiment Criteria
Verified Customer
Dennis
Great service,excelent costumer service always answering your questions
Jennie Gordon
Easy to work with. I appreciate the guidelines that prohibit me from opening new cards, that's a great reinforcement while paying down my debt!
Rita Risner
They pay your payment, but my creditors are always past due and calling me all the time. I think how much I paying them that they should fix it so that there not late. Never going to get paid off.
Arbrenia Sykes
Not ,what I expected to be! I feel the service could’ve been a lot more better handle on the creditors. I feel like I’ve been done in two years and start at three.
Mahnaz Mohiuddin
Great service. They’re very prompt with their responses and communication
Erin
Very easy to work woth. They keep my best interests in mind.
donna olson
My guy Erick was fantastic with getting me on board. The process was painless. My mind can breathe again. To know there’s a solution there are no words. My mind is at ease again.
lisa levchuk
Great company...helped me out when I needed help
Patrice Martino
Great. If I have any questions they are answered promptly and I have had no problems thus far.
Tyner
They're good at explaining how they work with the creditors. I just don't like the added on fees for making payments. Wish it was just the 25 dollar monthly membership fee and nothing more.
Verified Customer
Sally
always professional, very quick to research and provide answers.
Verified Customer
Matt
Consolidated credit has been a pleasure to work with. During the application process they were very straightforward and everything, and they have follow through with what they have said they would do, which is help me get out of debt!
Verified Customer
alexander mosley Sr
Great customer service and quality product
Verified Customer
Jessica
Customer service is very friendly. I just wish I could have lower interest rates.
Verified Customer
Maria
I was able to consolidate my bills and making monthly payments. It has helped our household tremendously. They've been able to communicate with me back and forth through text or email. I've had no problems working with them. I can see a light at the end of the tunnel and by the end of the year I will be able to pay off all my debts.
Verified Customer
Jerome
They take care of my debt and made it something I can live with. I would like to know why I still receive the bill from one of the credit cards and it looks terrible and goes up and up and then I get the receipt from Consolidated Credit and it shows that you made a major payment to them. I'm a little confused on that.
Verified Customer
Sequria
They helped me change several bills into one bill and they bill it out for me.
Verified Customer
Blanca I Gonzalez
The communication I appreciate very much.
Verified Customer
Ken Roullier
very professional and helpful. They were able to quickly get things rolling and had all the answers to my questions.
Verified Customer
Catherine Masterson
I have been using Consolidated for 15 months, and have seen my debt dwindling. I had lost hope of ever getting out of debt, but now I see the end in sight.
Verified Customer
Debra Cronenwett
My experience has been a wonderful one. They are very helpful and very non-judgmental. It took me two weeks to make that call, I am so glad that I did.
Verified Customer
Rodney Khodr
very good and very helpful in resolving issues. They are honest with you. They give clear direction on they do.
Verified Customer
Barbara Hamer
If I have any questions at anytime they always will help you figure things out
Dana
Tatiana was very helpful and very detailed in her explanations.
Jackie Cunningham
Consolidated Credit are a godsend that has gave such peace of mind...,I feel like I can breathe knowing I have witnesses proving I am doing my best to pay my creditors on time...Thank YOU!!!
KATHLEEN
SHE WAS EXTREMELY HELPFUL AND COULD EASILY ANSWER MY QUESTIONS AND EXPLAIN THE PROCESS TO ME AND THE BEST WAY TO HANDLE MY REQUEST...SHE IS VERY VERY EFFICIENT AND I AM VERY IMPRESSED WITH HER HOPEFULLY THE OTHERS WHO REPRESENT YOU ARE AS KIND CONSIDERATE AND PRECISE IN THEIR EXPLANATIONS OF HOW MY REQUEST NEEDED TO BE HANDLED AND THE HELP SHE GAVE ME TO DO JUST THAT. YOUR COMPANY WAS VERY WELL REPRESENTED AND IMPRESSIVE I WILL RECOMMEND YOUR COMPANY IN THE FUTURE. THANK YOU
Torresfambam
Tatiana was very kind and very informative, she definitely knows how to do her job!!!!
eileen matos
Tatiana was very helpful, patient and polite.
Verified Customer
Patrice
Customer service communicated really well and were able to negotiate lower payments to get the account status satisfied. The way they operate it was closing down the accounts completely which then caused a reduction on my credit score and that's probably the only thing that really bothered me about the service.
Verified Customer
April
They pretty much explained most of it to me and I understood it. I feel like it was a little bit trickier in our area to figure out what was going to happen in the beginning. It did drop my payments monthly but I feel like some of the payments don't seem like they're going down very much a month.
Verified Customer
Ian
Easy to understand, a good program, and very accomomodating. Customer service is easy to work with and good response to the question.
Verified Customer
Leisa
They were very friendly, very helpful, and answer any questions I have at any time. I appreciate the fact that they're willing to get in touch with my creditors and speak on my behalf.
Verified Customer
Sylvia
The program was clear and concise. The very first time I called I got a person to answer every question that I have. She had answers for the program and she laid it out so it was understandable.
Verified Customer
Anonymous
It's quick. They are very clear and very efficient.
Verified Customer
Regina
It was an easy plan to stick to and they provided support. They were knowledgeable about the service.
Verified Customer
Anonymous
Everybody was very professional, pleasant, and very thorough in explaining the program and taking care of my needs. It works.
Verified Customer
Geraldine
They have given me their attention. They are there to assist me with the questions that I have and I think it was a great company.
Verified Customer
Anonymous
They are easy and reliable and customer support is very available and responsive.
Verified Customer
Dennis
They're a very understanding company and break down the whole process of the debt management program.
Verified Customer
Kathleen
Very affordable, reasonable, and worked with my budget. They took all my creditors except for ones they obviously couldn't take like he car or a student loan. They were very thorough. They let me add additional information as I went along and were very professional and didn't make me feel bad about my situation.
Verified Customer
Samantha
Customer service was accommodating. They answered every question that I needed answered and they were productive in what I needed. They are very trustworthy. I was very nervous going into debt consolidation and getting ripped off. Everything is laid out in statements, I get everything in the mail. I'm speaking with American representatives and that's very important to me. It's been a smooth process and my credit scores are already going up.
Verified Customer
Bobbie
They've always been available whenever I've made a phone call and they've helped me to the best of their ability. They've helped me tremendously with getting the interest rate lowered. Always there when I need them.
Verified Customer
Scott
It's helped us grow back and get our lives back on track. You guys always just take care of things that need to be taken care of with a nice approach.
Verified Customer
Cryshan
Good customer service when I call them with questions that I have.
Verified Customer
James
They're very easy to work with and they're not overcharging or anything.
Verified Customer
Alison
I can afford the payments easier. Mailing monthly statements would be nice.
Verified Customer
Henryetta
They work with your creditors to get the interest rate lowered and They always were there to answer my questions and work with me when I couldn't make the full payment.
Verified Customer
Nikki
They get back to you when you need them and answer your questions promptly.
Beth Williams
I’ve been a client with consolidated credit since 2016. In four years time they have helped me to pay off over TWELVE THOUSAND DOLLARS in debt! I quite literally could have never done it without them. Finding consolidated credit has literally changed my life and I urge anyone with stressful debt situations to take the time and speak to one of their representatives! Today I spoke with Tatiyana about adding an account to my payment plan and like every other representative I’ve been able to work with she was so professional and helpful! I just couldn’t be more thankful for you guys and everything you’ve done for me! If you want to get out of debt, let consolidated credit help you do it! Side note; I’m a real client and not apart of the company (I know my review just sounds too good to be real).
missypbrown
Tatiana was a great help this morning! My nerves were through the roof because I thought you guys closed my Kohls account without paying the last payment but Tatiana assured me it was paid and confirmed that the account is now closed! Only 3 more credit cards to payoff! Love you guys! thanks so much! stay safe!