How Consolidated Credit Works

Now that you’ve come to terms with your debt problem, you need a solution. You’ve been hearing about Consolidated Credit but you’re unsure what that is. To learn how consolidated credit works, read on.

What is Consolidated Credit?

Consolidated Credit is a free credit counseling service that’s been in operation for more than 27 years, during which it has assisted more than 10 million people with their debts and overall finances. The Better Business Bureau has given the company an A-plus rating.

According to the company, it can get you out of debt in 39 to 60 months, depending on the approach you employ. Consolidated Credit’s counselors can help you over the phone or through email. The company’s website offers a live chat feature if you’d rather communicate that way.

How Do Credit Counseling Agencies Work?

They’re built around certified and trained counselors who know all about consumer credit, budgeting and money and debt management. One of these counselors will examine your case and help you establish a plan to get back on track.

In general, counselors can advise you handling your cash and your debts, work with you to develop a budget, and pull your credit report for you. They also may provide complimentary educational resources and workshops and may put together a debt management plan to clear your debt load.

What About Consolidated Credit?

How does Consolidated Credit work, you ask? Well, with this company, you get a corporate financial wellness program, financial literacy tools, debt relief and housing counseling services.

• Financial wellness. Consolidated partners with more than 500 nonprofit organizations, local entities, and government agencies to offer financial education to people who have been historically underserved. It also works with companies to promote financial wellness in the workplace.
• Debt relief. The kind of help you get here depends on your case. Consolidated Credit might recommend debt consolidation or help you enroll in a debt management program. In that situation, Consolidated Credit will determine a manageable monthly payment and then negotiate with your credit card issuers or other creditors to lower your interest rates and waive future penalties. Plus, the company will create a plan for you to pay off your debts as fast as possible.
• Housing counseling. Consolidated credit works first-time homebuyers to make sure they know how the process works and what hurdles could befall them. It also offers ways to avoid foreclosures and advises seniors on reverse mortgages.

Will Consolidated Credit Damage My Credit Score?

No, because the company merely uses a soft credit check to gauge your credit history. It may recommend a debt management program as a solution, which doesn’t damage your credit either.

Customer Reviews

You may as well hear directly from a few legit Consolidated customers:

• Gerald from Valrico, Florida, who started with $108,688 in unsecured debt and after enrollment in a Consolidated debt management plan saved $52,837: “Consolidated Credit has been amazing. They made getting out of debt not so painful! Thank you.
• Jessica from Dallas, Texas, who began with $8,251 in debt and wound up with savings of $3,714. “Everyone has been helpful and informative. Thanks, Consolidated Credit!”
• Maria from San Mateo, California, who went to Consolidated with $74,451 in debt. She ended up saving $25,567: “I’m very happy with these services. It’s quick and easy to set up. The counselors are very professional and make it comfortable to transition into this program.”

So, that’s how Credit Consolidated works. Credit counseling may be a good option for you. Size it up against your situation. The most important thing is to act today. Haven’t you waited long enough?