Cost:  

Debt Management

The debt management service offered by Debt Consolidation Connection is much like that of other highly rated providers. They’re able to negotiate with creditors on behalf of clients to effect a reduction of interest rates and other fees and penalties so that a much larger portion of the monthly payment goes to paying off debts rather than simply paying interest for potentially decades. For this service, clients are charged a monthly service fee of about $49.00 though the fee varies slightly based on state of residence and, potentially, other factors.

Also, like other debt management agencies, creditors pay what amounts to a commission in return for their assistance in collecting debts.

Debt Settlement

This organization doesn’t provide debt settlement services. For those who have decided that debt settlement is required, we suggest reading our reviews of CareOne, Coastal Credit Solutions and CuraDebt.

Features:  

Debt Consolidation Connection’s certified credit counselors are able to set up a debt management plan for clients when the situation calls for it. They’re also able to assist consumers with less drastic credit counseling matters when a debt management plan isn’t absolutely necessary. That freedom to offer lesser options is one of the best arguments for turning to a firm like this, at least initially, than going to a commercial concern which has a more pressing interest in getting the customer into a debt management or debt settlement arrangement.

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