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Thursday, January 27th
Credit.org is one of the longest-standing resources for financial education and debt solutions, including consolidation. Founded in 1974 and approved by many organizations and agencies, including the US Department of Housing and Urban Development (HUD) and the National Foundation for Credit Counseling (NFCC), this is an excellent resource if you need help taking control of your finances.
Over five million coaching sessions logged
Credit.org has completed more than five million coaching sessions, with a team of more than 50 professionals offering help and advice. You can get started either by calling Credit.org's toll-free number or by filling out your information online. If you go the online route, you'll be taken to a page with several resources you can use before you speak with a counselor. These include a debt journal and other tools to analyze your situation.
Free debt analysis
Your call with a coach will involve a debt analysis, to get a picture of what you owe and your current budget. At the end of that analysis, the financial coach will talk with you about all of the debt resolution options that apply to your situation, which may include consolidation. If there's a strategy that appeals to you, you can enroll with a Credit.org partner and get started on your journey to financial freedom.
Low fees for some services
Know what you'll love about Credit.org? Most of their credit coaching is free! Yes, you read that right: you can get financial education, budgeting and counseling sessions, pre-purchase advice, foreclosure prevention counseling, and default rental counseling at no charge. All other fees depend on the service you use and the state you live in, but even those fees can be reduced or waived due to financial hardship. Still, it's nice to have even a ballpark estimate, so we poked around and found that some clients pay $35 as an enrollment fee and $20 in monthly costs when enrolled in an ongoing debt consolidation plan or other strategy for managing their finances.
Clients really appreciate everything that Credit.org has to offer. Financial topics can be sensitive and difficult to discuss, and people say that their coaches were friendly and knowledgeable with no pressure to choose any particular solution to their debt issues. The Better Business Bureau gives Credit.org an "A+" rating and accreditation, and there were zero complaints registered with the BBB in the year leading up to this review.
Long-standing, trustworthy help for most financial situations
They say you can't get something for nothing, but Credit.org proves that's not true. If you're looking for honest, objective advice about your financial situation - even if that doesn't wind up including debt consolidation - then this is a great option. Their fees are reasonable and their reputation for excellent service spans almost half a century. Credit.org is one of our preferred resources for debt resolution and other options for improving people's finances.
Maybe you've gotten overwhelmed by credit card payments and overdue bills, and now you're wondering if there's any light at the end of the tunnel. Or, perhaps you're a financially-savvy consumer who wants to take advantage of lower interest rates, in order to pay off your mounting credit cards bills. Debt consolidation can be a smart strategy either way.
What, exactly, is debt consolidation? It's important to understand that companies offering it may mean different things. For some, debt consolidation is offered as a personal loan: you borrow funds that you use to pay off all of your outstanding debts. Your interest rate should be much lower than your credit cards, and now you've got a simplified, single payment to make each month. This can be a great way to boost your credit score by reducing the likelihood of making late payments (or none at all) and get on your feet again financially. On the other hand, you're in charge of using your loan money responsibly - and not to buy things you don't need!
Other providers of debt consolidation take a more hands-on approach, giving you credit counseling and even going to bat for you with your creditors. The services they provide may include negotiating a lower debt amount or getting your debt forgiven altogether! You might pay a monthly fee for this kind of debt consolidation, or it might be a flat fee based on how much money they saved you overall.
Either route you choose, there are a lot of options out there. How can you decide which one is right for you? Keep these points in mind as you weigh out the possibilities:
TopConsumerReviews.com has evaluated and ranked the best debt consolidation options available today. We're confident that this information will help you choose a strategy to pay down your debts and get your finances in order!
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Wed, 26 Jan 2022