Please note that Debt Consolidation America has been discontinued and is no longer available. You can read our old review of Debt Consolidation America below, or check out the rest of the US Debt Consolidation Services we've reviewed.
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Debt Consolidation America, otherwise known as American Debt. Company, LLC. is a debt consolidation and debt settlement firm which has been around since 2001. By offering these services to American and Canadian consumers, the company promises to reduce debt by as much as 40 to 60% off outstanding debts and help consumers pay off their debts within 3 to 5 years, as compared to trying to do this alone. In addition, Debt Consolidation American provides help with reducing credit card interest so that consumers can get their credit card bills under control in a relatively short period of time. We find that both of these services can be very helpful to consumers who are facing overwhelming debt and cannot seem to get their bills paid down.
While Debt Consolidation America does not feature the online community feel that some of the other debt consolidation companies like CuraDebt and CareOne offer, we think they do a good job of getting the right kinds of services to consumers in a straightforward way. The online debt analysis form takes less than five minutes to fill out, and consumers can expect a phone call from a debt counselor within 48 hours. The way it works is that Debt Consolidation America gives consumers the choice of either a debt settlement program that allows them to negotiate for lower payments to debtors, or a credit care debt consolidation program, which is actually managed through non-profit credit counseling agencies. The costs for these programs vary depending on the type of debt owned, the total amount, and state and local laws pertaining to debt repayment.
Overall, the website for Debt Consolidation America is a no-frills experience, with links to pertinent information and contacts. While it is not set up as an online supportive community, the Debt Consolidation America website does include a nice FAQ section, which explains some of the common questions that consumers may have in regards to dealing with debt processes and credit consolidation. Additionally, Debt Consolidation America does a fine job of explaining the differences between debt consolidation and debt settlement, which have varying affects on consumer credit scores depending on what program is chosen. We call this full disclosure and it is something that we like to see in debt related companies. To sign up, consumers just fill out a simple online form or talk to a live telephone counselor via their toll free number, found prominently on the Debt Consolidation America website.
Although we noticed that the company does not state any affiliation with debt management associations or the Better Business Bureau, we did not find any negative reports on Debt Consolidation America. The company does state that it is a member of the International Association of Professional Debt Arbitrators, which is a well-respected agency in the debt settlement and consolidation industry. With this said, we think that Debt Consolidation America is worth checking out to get help with any kind of debt from credit cards to student loan repayment. Be sure to check out the Debt Consolidation America by clicking on the links found below.
Please note that Debt Consolidation America has now been discontinued.