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I have about $ 15,000 in credit card debt. I have tried to get personal/consolidation loans, but have been declined numerous times. I recently contacted Careone Debt Relief Services. They suggested that I enroll in the Debt Management Program, it is different than the Debt Settlement program that many other agencies endorse. Can anyone give me some feedback in regards to Careone and the Debt Management Program? I have not yet enrolled and would like to get some other opinions before I enroll. Thank you!

6 Thoughts on credit/debt consolidation?
  1. Reply
    June 10, 2011 at 12:45 am

    Are you in the US?
    There is an agency that is a non-profit that will help you at no cost.
    National Foundation for Credit Councelling
    You got to their site and call their 800 number and they make an appointment at a local office.
    Positive reviews call them angels from above.
    Negative ones say it is embarrassing.
    They can put you on a DMP program. Cost is about $ 25 a month (may be a bit more).
    This is where they contact all your creditors and try to work things out.

    Now… you can do all this yourself with a good book on Credit and Debt Repair.
    What these companies do is no secret (at all). It is all in books.
    How to negotiate, settle, pay on delete, etc.

    Careful with those for profit agencies. Remember they can charge thousands upfront and allow your bills to go unpaid for months on months. They need the profits for their trips to Fiji and their BMW’s. Many people end up destroying their credit even further and end up in court being sued with their wages being garnished anyway….

  2. Reply
    June 10, 2011 at 1:27 am

    From what I heard from folks indirectly, Careone is good, but I haven’t used it or know anyone that directly used or benefited from their services.

    One way to ensure a firm such as this is reputable or not, is to find out if they are accredited with NFCC or AICCCA, and check if there are active complaints against them in BBB.

    Yes, debt management program is different from settlement, and is definitely a better option than settlement, if you can afford the monthly payment (which will/should be less than what you may be paying now, all cards combined). You can find more info about a DMP in general, here:

  3. Reply
    Laci Forester
    June 10, 2011 at 2:23 am has good information and several reviews for debt consolidation companies.

  4. Reply
    My Take on It
    June 10, 2011 at 2:32 am

    You would do better to contact a local chapter of

    Is CareOne wanting to charge you a monthly fee for their services? LOL

  5. Reply
    Kristine Kelly
    June 10, 2011 at 2:41 am

    It is a good idea that you are doing something such as debt consolidation, they are the most
    helpful way in my opinion to get rid of your debt.

    You are able to get a free quote on things which can lead you to find a consolidate company that
    will fit your needs and you can be on your way to a better life.
    Also their is information on what you next steps might be.


  6. Reply
    June 10, 2011 at 2:42 am

    There is a really good website which advises on credit/debt consolidation. See if can help?

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