Quick Facts
Full Review
Consolidated Credit has been around since 1993 and is headquartered in Plantation, Florida. They hold a BBB A+ rating and have amassed over 9,000 Trustpilot reviews averaging 4.8 stars, plus a 4.92-star BBB average from 235 reviews. Those are strong numbers.
How Their DMP Works
Free credit counseling first, then a debt management plan if it makes sense. Monthly DMP fees average around $40 with a nationwide cap of $79. Consolidated Credit doesn't prominently mention a setup fee, which suggests it may be minimal or bundled. They negotiate reduced interest rates with creditors and handle your monthly disbursements.
What Customers Say
The Trustpilot numbers speak for themselves: 9,000+ reviews with a 4.8 average is hard to argue with. Positive reviews cite clear explanations, helpful counselors, and real interest rate reductions. The smaller number of negative reviews mention communication gaps during the program and feeling like a number once you're past enrollment.
Who Should Consider Consolidated Credit
Consolidated Credit is a solid choice if you want a well-established nonprofit with massive review volume backing it up. The free counseling and educational resources are genuinely useful, and over 30 years in operation speaks to stability.
Pros and Cons
Pros
- BBB A+ with 4.8 stars across 9,000+ Trustpilot reviews
- Free credit counseling available to anyone
- Monthly fees average ~$40 with a $79 cap
- Extensive free educational resources and content
- Operating since 1993
Cons
- Some post-enrollment communication complaints
- Monthly fee cap of $79 is higher than some competitors
- Some clients report feeling like a number after enrollment
- Does not reduce your debt balance, only interest rates
Where to Read More
Read reviews on: Trustpilot, BBB, ConsumerAffairs