Consolidation Plus offers unsecured personal loans that help those in certain debt settlement programs pay settlements sooner than they might have on their own. The program is available on an invitation-only basis to clients of certain debt settlement providers. Once you’ve finished debt settlement, you make monthly payments on your Consolidation Plus loan.

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The Good

Loan Terms
Loan Approval
Potential to Help Rebuild Credit

Loan Terms

Consolidation Plus offers unsecured personal loans to help with the debt settlement process. Unsecured personal loans have no collateral tied to them. For example, a car loan is a secured loan because the lender can repossess your car and sell it if you are unable to make payments.

Because unsecured loans have no object attached to them, the interest rates tend to be higher than interest rates for secured loans, such as on a house or car.

The loan interest rates for Consolidation Plus’s unsecured personal loans is a fixed 22.9 percent interest rate, so the rate does not change during the term of the loan. The APR will vary for each customer since the origination fee is a percentage of the loan amount, and the loan amount varies based on the amount needed to settle all your debts in the program. To get a loan, you must be invited, apply, and be approved.

Consolidation Plus loans typically have a term length of 24–60 months. The average length is 55 months. Consolidation Plus loans fall between $5,000 (varies by state) and $65,000. Loan amounts are based on what the debt settlement company needs to settle your debt. Once your settlement program is complete, you’ll need to make payments on your Consolidation Plus loan until it is paid off.

Loan Approval

If you’re in debt that has affected your credit score, you may have already had difficulty qualifying for a loan because of your credit score.

While Consolidation Plus considers your credit score, it does not weigh it heavily when approving applicants for loans. It may be easier to get approved for a personal loan from Consolidation Plus if you’ve been unable to get approval from other lenders.

Potential to Help Rebuild Credit

Not paying off debt hurts your credit score. The debt settlement process can also have a large, negative impact on your credit. Many debt settlement clients stop making even minimum payments on their debts when they enroll in a debt settlement program.

Withholding payments can incentivize creditors to settle. Generally, debt settlement clients set aside the money they would have spent on making payments into a bank account to be used to pay settlements when they are reached.

Since you’ll have a loan to pay off once you finish your debt settlement program, making timely and regular payments on your Consolidation Plus loan may help you rebuild your credit. Keeping to your loan’s monthly payment schedule shows that you’re a dependable borrower who meets your financial obligations. This will have a positive effect on your credit score.

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The Bad

Finishing Settlement Won’t Mean Being Debt Free
Limited Service Area

Finishing Settlement Won’t Mean Being Debt Free

If you take a personal loan from Consolidation Plus, you may be able to pay settlements faster. However, you won’t be out of debt because you’ll have a new loan from Consolidation Plus. You won’t be out of debt until you’ve completed repayment on your personal loan.

If your primary goal with your debt settlement program is to be debt free, it may be worth completing the program at a slower pace. However, if you’d like to work to rebuild your credit score sooner, a Consolidation Plus loan could expedite the process.

You should be aware that you’ll still have to pay the debt settlement company their settlement fees, and these fees will be rolled into the loan. So using a Consolidation Plus loan means that you’ll pay interest not only on the settlement amount to creditors, but on the settlement fees as well.

Limited Service Area

Consolidation Plus offers unsecured personal loans in 36 states and Washington, D.C. However, Consolidation Plus loans are offered by invitation only and are only available to clients of certain debt settlement companies, like Freedom Debt Relief.

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The Bottom Line

If you’re in a debt settlement program and want to complete it faster, an unsecured loan from Consolidation Plus can be a good option. It offers 2–5 year loan terms, fixed interest rates, and personal loans ranging between $5,000 and $65,000.

However, it’s important to consider how much interest you’d pay on your new consolidation loan, including interest on the debt settlement fees. Understanding both of these amounts will help you know how much money you’re spending on getting out of debt.

You should also evaluate the loan's repayment terms. Knowing the repayment terms and understanding how much you'll spend to get out of debt will help you decide whether a Consolidation Plus loan is a good fit for your financial situation.

Taking an unsecured personal loan to finish your debt settlement program faster can help you start rebuilding your credit sooner. If that’s something you’re interested in, and you’re invited to apply, it’s worth investigating further.

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User Reviews

Star Rating

4.9

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123 Reviews

Review Breakdown

5 grade

89%

4 grade

10%

3 grade

2 grade

1 grade

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Steven Schatzberg Miami, FL

From day one Consolidation Plus had a solid plan and was able to work with all of my existent creditors in a consolidation that worked for me and for them. It didn’t happen over night but when the plan was completed and in motion it’s accomplishing exactly what we wanted. They are easy to get in contact with when needed and I’ve found that when I need them to do something for me it gets accomplished rather quickly. So in closing my experience has been excellent!

4 weeks ago

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Eleanora Buchholz Verona, PA

I chose this company because I researched it and was impressed with it's ratings. I was in debt unable to continue working and searching for a solution. It's a journey I am finding a way to financial freedom. It relieved me me of stress and anxiety.

1 month ago

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Jane Moore Tampa, FL

My experience with Consolidation Plus has been amazing. From the first step through the completion to being debt free, they have been there every step of the way. Professional and courteous, always willing to help with any issue at all.

1 month ago

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Megan Dumm Bow, NH

They are an awesome company to work with. Customer service is top notch. Everything was explained to me thoroughly from the beginning. With their help, I was able to quickly pay off my debt all while raising my credit score in the process. Trusting them to help me with my overwhelming debt was one of the best decisions I have ever made. I never would have been able to pay it all off without them. I had a terrible credit rating before I started the consolidation process with them. I have three payments left on my loan and I now have a great credit score!

2 months ago

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Karl H Neugebauer Brewster, MA

Maximum coverage, minimum effort on my part... although I wasn’t informed about the 1099c paperwork from each creditor. I ended up paying taxes on the debt that was forgiven.

4 weeks ago

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JATHIXTON Joshua Tree, CA

Stellar Company. Never had difficulty contacting them or speaking with a representative. They are always helpful and willing to work with any issue that may come up. Overall, an excellent company and great experience!

1 month ago

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Patricia Andrews ,

I am happy with Consolidation Plus. They are helping me get my finances back on track and my credit back in good standing. The only thing that I am not happy about is the high interest rate on my loan repayment.

1 month ago

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Joe Joven Bakersfield, CA

Excellent choice working with them. Very Professional services they provided and good at what they do. They exceeded all my expectations and really made my life so much easier. I only wish I had went to them sooner than I did.

2 months ago

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Koren Turner Bel Air, MD

They were very professional, extremely friendly, and did exactly what they said they would do! I'm no longer in debt, my credit card are paid off, and I'm making very reasonable payments to Consolidation Plus!! They were a life saver!! All I can say is I'm glad I took the phone call!

2 months ago

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natasha saadiq Buffalo, NY

It was easy to work with them easy transition from freedom debt relief and my credit score has improved quite a bit 😊👍🏽

1 week ago

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Michael Coll ,

My experience with Consolidation Plus was a very good one. All staff that I had dealings with were professional. All questions were answered to my satisfaction. I would recommend them to friends and family.

2 months ago

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Stephanie Malvern, OH

From the moment I started working with Consolidation Plus, I felt a tremendous amount of relief. They resolved my debts and brought my payments down to where I could afford them. Every customer service rep that I have spoken with has been very kind and easy to talk to. I recommend Consolidation Plus to anyone who is in a financial hurt. They do amazing work

5 months ago

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Diane Zachary Minneapolis, MN

Helped with all my financial issues and got me the relief I needed. Great customer service. Very efficient.

4 weeks ago

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Paul Aldama San Jose, CA

From the very start everything was seamless people I dealt with over the phone and through emails were very professional.

1 month ago

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Angel Friddle Springdale, AR

I started with Consolidation Plus a few years ago to get my finances back on track. I’m so happy I did! It was a complsesmless process! Thank you!!

1 month ago

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Christine Paul

I was chosen to participate in C+ from my previous account with Freedom Debt Relief. My account was converted to a loan and will be paying my total amount due next month.

2 months ago

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Martha A Arbouex San Francisco, CA

verything was xplained and they made sure that I understood everything. A payment plan was made the was very well explained and I was quite comfortable with. It is great to not have creditors calling with threats all the time.

3 months ago

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Tj Carrell Hendersonville, NC

They put all your payments into one per every two weeks. It's all automated, so you don't have to do anything. I know I got myself into this, but the interest seems a little high to me, though I suppose it could be worse. You do have the option to make additional payments whenever you wish. Their customer service is good. No complaints there. They get the job done.

5 months ago

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Susan Deltona, FL

I was almost at the end of my debt consolidation when Consolidation Plus approached me with a final approach for the end result by offering me a closed-ended personal loan to complete my process of paying off my old debt. It gets me done quicker and it gives a boost to my otherwise low credit score. Thanks, Consolidation Plus for my no-worry loan.

6 months ago

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Jennifer Kress Alice, TX

Consolidation Plus was very easy to work with. We came to them from Freedom Debt Relief. The payments were affordable and after a year, we were able to get a loan through our local credit union at a much lower interest rate and payment with the same number of months remaining. I highly recommend anyone who is having trouble with credit card debt to reach out to Freedom Debt Relief and Consolidation Plus.

7 months ago

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Angie Plattsburgh, NY

Can only say it's one of the best things I've ever done. Everyone is so helpful and pleasant.

2 weeks ago

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Steve Idol Brownsburg, IN

I was overloaded with credit card debt, I seen no way out of it. Making minimum payments each month was all I could do and the next 30 years looked bleak. Until I contacted Consoldation Plus. They were able to pay off my debt and offered me a way to eliminate that debt in less than 4 years. No, it is not easy but the reality of making payments the rest of my life wasn’t going to be easy either. I have 6 months left and my debt will be paid off. My credit rating has went up 100 points since starting this process. Don’t put it off any longer, let Consolidation Plus show you how they can help you get back on track financially and increase your credit worthiness.

11 months ago

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Dawn Singletary ,

professional, extremely helpful working within your budgeted expenses. explains the process thoroughly; attentive to questions

2 months ago

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Susan Gibson Westville, OK

They have been very helpful in helping me get my debt paid off sooner. They have been efficient and lowered my payments to be affordable.

2 months ago

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MJ Green Branson, MO

Helped put my accounts in order. Notified so I understood the process of consolidating my bills that I had submitted. They are very good and helpful. Highly recommend them.

3 months ago

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Laine Sweet Water, AL

I'm glad I got in the program. I'm really enjoying it. My score have improve a lot even though its jumping up and down but still improving. I really appreciate the help you have given me. Thanks so much!

4 months ago

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Amanda Drews Arlington, TX

I really like how they didn’t/don’t bombard you with calls and notifications. They set me up and the rest was up to me. I haven’t had any reason to contact them as I haven’t had any issues with my account. The only thing that doesn’t agree with me, is the new interest rate from consolidation of my debt. I expected it to be at least lower than the average of my debts interest. But it wasn’t. 😐 At least it wasn’t as high as the highest rate I had. 😁. I’d use them again, but hopefully I won’t have too! 😉😋

6 months ago

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Maria Fontanez Hamburg, PA

Consolidation Plus was wonderful in working with me during this pandemic and loss of work . They allowed me to miss some payments to help me get through the loss of work and also helped me change my pay date. Everyone I spoke with throughout my rough time was courteous , understanding, and helpful.

8 months ago

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Carol Kelley Athens, AL

They did a good job with my loan, the automatic withdrawal worked perfectly.

3 weeks ago

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Gerardo Caban Port Richey, FL

My experience with Consolidation Plus was amazing. They made me feel comfortable they also made the whole process very easy to help me pay off all my debt. I finished with the program few years back and I have to say it was the best decision I ever made joining Consolidation Plus. They also made it very easy and affordable to pay of my loan. I have at least 2 years left to go. I would definitely recommend consolidation Plus to my family and friends.

9 months ago

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Patricia Travers Waterford, PA

Sadly, I have had several bouts of financial problems. When I first contacted Consolidation Plus I didn't qualify for a loan so I enrolled in Freedom Financial. After about a year or so, I qualified for a loan through Consolidation Plus. By that time my debts had been negotiated down and the amount of the loan was completely reasonable. It's been a great experience. When I needed to contact Customer Service the agents are wonderful and they will work with you so keep you on track, but they also realize that things happen and will offer different options to keep you on track. It is one of the best decisions I ever made.

1 year ago

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Lawrence Richmond, VA

Very professional and they do what they say they’re going to do! Great experience and I do recommend them to anyone!

2 months ago

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anabelleb.wilson San Diego, CA

It was a pleasure of getting help from the consolidation plus. The person who helped me was very knowledgeable.It was a very good relief on my financial part. Thank you so much.

7 months ago

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Roy Garcia, II Edinburg, TX

Consolidation Plus made me feel like I was their only customer. Michelle C was courteous, extremely helpful, sincere, and professional. Thank God Consolidation Plus was able to work with me and meet my needs. 🙏🏼

8 months ago

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Kevin Griggs Salt Lake City, UT

I was deeply in debt, no where to turn, and then I found Freedom Debt Relief and Consolidation Plus. They took my debt, started working on them and as long as I stayed true to my commitment they eventually assumed my debt, paid off what I owed and now I am successfully paying my loan off and feeling great.

10 months ago

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Paul R Laska Stuart, FL

My rating would have been 5 stars, except for a burp that caused some problems. A third party that Consolidation Plus used to negotiate with creditors misrepresented the nature of the settlement as complete, when it was actually understood by the creditor as a payment. When the issue arose, Consolidation Plus stood up, renegotiated the settlement, and got the matter closed with no harm to me. I appreciate all the work conducted by Consolidation Plus.

11 months ago

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Brian Muskegon, MI

Thorough, professional and complete. Would highly recommend them!

1 month ago

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Steve Saint Paul, MN

I was unsure that I was making the right decision when I contacted Consolidation Plus. I was underwater in my credit card debt. But they walked me through the process, negotiated with the creditors & set me up with one simple monthly payment. After 2 years; my debt has been cut in half! It’s simple, it’s easy to do & you’ll get that fresh start that everyone wants! Thanks to Consolidation Plus, life is a whole lot better!

1 year ago

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Eddie Rios Ogden, UT

Consolidation Plus is a wonderful service that helped get our loan debt consolidated and at better than the original rates. This cut out monthly debt expense down, allowing us to payoff sooner than expected. They have several ways to help reduce the cost of current loans, saving you money quickly. They also have insightful tools to avoid debt in the future.

1 year ago

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Sonya Clarissa Willis Columbia, MO

The process was simple to complete and quickly resolved. That part was great. My suggestion is to employ those individuals who understand that financial matters are stressful and difficult. A level of empathy and active listening skills would be a way to improve the decision making process for those people who are struggling to find solutions to these matters. I encountered a service rep that would be better suited as a car salesman. He pressured the deal, bullied through the decision making process and honestly made me feel like I was signing my life away. He was hasty, abrupt with his responses and showed no patience or empathy during the phonecall.

1 year ago

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Randy Clearlake Oaks, CA

I began using their services a few years ago. I was swimming in debt. I always made my minimum payments but it just wasn’t going away. I entered into a contract with Freedom Debt Relief and then Consolidation Plus. They negotiated my debt and helped me pay it off faster and easier than I would have been able to by myself. Their customer service is amazing. On occasion, I’ve had to change my payment date and they helped me in just a few minutes and were very friendly about it. Highly recommend.

1 year ago

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Tamara Herrera Garden City, MI

We appreciate the opportunity to build our credit rating. We dislike the lack of ability to get assistance to log in to our account to veiw our statements. Have tried several times to log in and to get help to no avail.

5 months ago

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Craig Malwitz Minneapolis, MN

Very helpful and supportive for helping a person like myself get out of financial difficulties. Great service!! Thank you very much!!!

5 months ago

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Shari Hunsaker ,

This company has worked diligently as my partner in reestablishing my credit health. Without exception every employee with whom I have interacted has been professional and compassionate.

9 months ago

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Stephen Gastineau Tustin, CA

My wife and I had a credit card debt, which became unmanageable due to age and illness. Consolidated Plus loaned us the money to pay banks. In a few more payments, I will be debt free.

10 months ago

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RACHEL M MAILLOUX Orlando, FL

This is an excellent company. They did what they said they would. They are helping me get out of debt. They get the creditors to lower there balances & then they pay them off for yu.

11 months ago

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Col O'grady Wellsville, NY

They were very honest and easy to understand explaining the terms of our consolidation. We felt relaxed and comfortable talking about our finances with the counselor and they explained the process of our loan and payments so we could easily understand the whole process. They really do care about their clients!

1 month ago

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Allan Miles Palmetto, FL

This company is A+ with me. It's easy to send in monthly statements and other transmissions received from creditors. They are always available to answer any questions I may have or discuss any concerns I may have. A First notch corporation.

1 year ago

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Kevin Wall Fort Walton Beach, FL

They really helped me out. I was floundering with what to do with all of my credit card debt and they showed me a way to defeat this. My credit score has already went from a 602 up to a 708 in less than a year. Thank you Consolidation Plus..

1 year ago

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Barbara Moore Hudson, FL

They helped me through a tough time in my life and I am very greatfull for all the help they had given me. Thank You Very Much for all you have done! I am also finished with my pay back and it is a WONDERFUL FEELING!!! Thank You, Barbara Moore

1 year ago

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