 With the struggling economy, many people are finding themselves deep in credit card debt. Therefore, consumers are forced to turn to debt consolidation in order to get control of their finances. However, before a person decides to consolidate their credit card debt, they need to be aware of the credit... |
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Living with debt is by no means easy. There’s the constant concern of living paycheck to paycheck and the never ending issue of covering monthly bills and living expenses. While most of us pride ourselves on being self-sufficient, it’s hard to ignore that we all sometimes live well beyond our means.... |
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| Take Charge America, Inc |
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Background Other Business Names: Credit Counselors of America, Inc., TCA, TakeChargeAmerica P.O. Box 83330 Phoenix, AZ 85071-3330 Members of BBB: Yes Business Start Date: 1987 Number of Complaints to the BBB: 15 Summary of Business: Debt Consolidation, Debt Management and Credit Counseling BBB Profile Trade Organization Memberships: AICCCA (Association of Independent Consumer Credit Counseling Agencies) Certifications: Bureau Veritas Want to make sure that the company you are dealing with is reputable? Read PayingPaul.com's report on debt scams, frauds and rip offs. Is your company a non-profit debt organization? Yes, it is a non-profit organization. Do you offer pre-bankruptcy credit counseling? No, they do not offer either service. Are your counselors certified or accredited? If neither, how are they trained? The counselors are certified through the AFCPE. The representative who provided answers for Payinpaul.com was not aware of any accreditations. What trade organizations are you a member of? AICCA Eligibility for Debt Management Plans Is there a minimum amount of debt to qualify? No, there is no minimum amount of debt required to enroll into a debt management plan. Take Charge America, Inc. will analyze the potential client's debt to income ratio and make sure that ratio is positive before enrolling them into a debt management plan. Do you deal with unsecured debt only? Yes, the debt must be unsecured. Do you require that all of my accounts are included in the program? While they do not require the client to enroll every account, it is strongly encouraged as not doing so may have an adverse affect on the individual's debt management plan. Clients are advised of the possible consequences of leaving an account out of their debt management plan before choosing to do so. Services How is the set up fee and monthly maintenance fee determined? What is the fee? The fees are state mandated. There is a one time set up fee of $75 that is included in the first month's payment. The monthly maintenance fee is $35 per month and also included in the monthly payment. Are there any creditors that you do not work with? Take Charge America, Inc. will not work with American Express. How will I be kept appraised of whether you are making my payments on time? Are statements sent? Can I review my statements online? The clients receive monthly statements from both their creditors and the organization. In addition, clients have online access to their statements as well. Do you have a refund policy for unsatisfied customers? While there is no set in stone refund policy, client's have the ability to drop out of the program at any time. Typically, fees are only returned if the client has only made one or two payments before realizing they can not afford their debt management plan. (Disclaimer: The following information is based on an informal conversation that PayingPaul.Com had with a representative from this company. In no way should this be construed as a formal statement made by the company about the services it offers. Moreover, although an effort has been made to keep this information up to date and accurate, in no way is this a comprehensive overview of the company profiled. For complete information, please contact a representative from this company.) Want to get a free quote from a debt management company? Fill out a form and PayingPaul.Com will match you up for free! |
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Credit is a useful tool and when handled responsibly allows us to obtain credit cards, loans for homes, cars and other big ticket items. The better we handle our credit, the better the terms that are offered to us from lenders including higher credit lines and lower interest rates.
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