Consolidation Plus Review

Bills.com TeamSep 10, 2021
Editor’s Note
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Consolidation Plus Review
Overall rating:
4.5
Bills.com rating

Bills.com's Review

Consolidation Plus offers an unsecured personal loan that can be a great option for someone enrolled in a debt settlement program. It slashes the time it takes to settle the debts with creditors, reducing the chances of aggressive collection efforts by a creditor. Consolidation Plus does not currently accept unsolicited loan applications. Origination fees are charged, but there are no pre-payment penalties if you can pay off the loan early.

Consolidation Plus is owned by the Freedom Financial Network, which also owns Bills.com.

About Consolidation Plus

Consolidation Plus made its first loan in 2011. Consolidation Plus offers debt consolidation loans of $5,000-$65,000 to eligible borrowers who are enrolled in select debt settlement programs.

Consolidation Plus has helped consumers consolidate over $1 billion since 2011.

The Consolidation Plus loan program is innovative. Credit score is not a primary factor used in qualifying customers. The company pays close attention to the most recent payment history on secured debts and the timely payments made to the customers' debt settlement program.

Consumers find value in a Consolidation Plus loan because it provides funds that are used to very rapidly reach and pay out on settlements negotiated on the consumers' debts.