Navicore Solutions
Is This Your Business?Author: Kaitlyn Short
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, debt consolidation loan, and bankruptcy counseling.
This financial provider helps more than 100,000 people every year and serves all 50 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.
Navicore Solutions lacks key information about fees or the cost of its program. Take a look at the top debt relief companies to find one that suits your needs at a fair price.
Top Ranked Companies
The Good
- Easy Process
- Consolidation Services
- Collection Call Stops
- Accreditations
Easy Process
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.
Consolidation Services
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.
Accreditations
Navicore sports the following accreditations from industry-recognized organizations:
- National Foundation for Credit Counseling
- Council on Accreditation
- U.S. Department of Housing & Urban Development
- Executive Office of the U.S. Trustees
The Bad
- No Specific Consolidation Program or Loan
- Lacking Fee Information
No Specific Consolidation Program or Loan
Navicore Solutions is not exactly a debt consolidation company. 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 company doesn't offer debt settlement as part of its services.
The debt management plan provides an affordable way to consolidate debt; however, there is no individual consolidation program or loan advertised.
The point of a debt management plan is to be able to lower your debt without harming your credit score. Whether you have credit card debt, medical debt, or some other type of unsecured debt, debt management companies are designed to help you become debt free and nurture a healthy credit report.
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 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.
The Bottom Line
Compared to other top companies like Freedom Debt Relief, National Debt Relief, and InCharge Debt Solutions, Navicore Solutions is not transparent enough with pricing information.
Navicore Solutions does not offer a specific consolidation program or loan; however, the company is ideal for those wanting a debt management plan that consolidates debt, lowers monthly payments, and stops collection calls. With Navicore Solutions, customers can enjoy NFCC certified counselors.
Additionally, the company claims its process is easy, and customer service is available seven days a week. The company's website does lack transparency when it comes to fees, costs, and interest rates. It is also unclear if their services include any kind of money-back guarantee. Navicore Solutions serves all 50 states and is worth exploring for consolidating unsecured debt.
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D. Greer Inglewood, CA
6 years ago
