- Debt Management Plan
- Free Consultation
- Debt Management Plan Process
- Educational Resources
- Accreditations and Memberships
Debt Management Plan
Customers can sign up for Credit.org's debt management plan to help with debt consolidation. In fact, the debt management plan can consolidate all monthly credit debt payments into one convenient payment. Credit.org tries to reduce fees and interest rates from creditors, and the debt management plan helps clients create a reasonable budget. Additionally, Credit.org acts as a liaison between clients and their creditors, and can speak on behalf of both parties. The program gives customers access to their online account 24/7. According to the website, Credit.org has a certificate of authority in 50 states. The company is licensed to conduct debt management services in 32 states, and has locations in the following states: CA, AZ, FL, MA, NV, NM, and SC.
Credit.org's process starts with a credit counseling session. All credit-counseling sessions are free and include a budget and debt repayment plan. In this free session, customers can request credit card debt consolidation built into the plan. Clients are also offered educational resources and personalized money management advice.
Debt Management Plan Process
During the free consultation, Credit.org professionals record the client's debt and financial information, and if the situation is right, will propose a debt management plan. Credit.org will send creditors a proposal, and clients will sign up for automatic monthly payments. Electronic transfers distribute funds, and clients receive a monthly progress report. It is important to note that once one debt is completely paid off, the debt management plan payment remains the same. Leftover funds are split between the remaining accounts, thus speeding up the debt payoff process.
Customers can learn more about debt relief from the variety of online education resources offered. Credit.org is a member of NFCC, and provides free online courses, free live assistance, financial calculators, and a personal finance blog.
Accreditations and Memberships
Credit.org is accredited with the Council on Accreditation (COA), the National Foundation for Credit Counseling (NFCC), Financial Counseling Association of America (FCAA), the HOPE NOW Alliance, and more. Potential customers should look for a company with accreditations and memberships. Maintaining accreditations requires companies to upkeep certain standards and best practices. This ensures that customers receive quality service and is something that should be considered when choosing a company to work with.