Debtconsolidation.com Review: Is It A Good Option To Settle Debt?

In this post, we look at Debtconsolidation.com to help you decide if it’s worth your time, effort, and money to work with them to settle your debts. There are numerous companies out there that promise assistance with debt settlement, but not all of them are trustworthy.

How Debtconsolidation.com Works

Consolidation Resource, LLC, also known as Debtconsolidation.com, does not offer debt settlement as part of its services.

Debtconsolidation.com is a small website with a few landing pages and blogs pointing to debt settlement companies that pay for advertising space on the site. The website probably gets a small commission when people click on one of the recommended debt settlement companies.

In spite of the fact that debtconsolidation.com provides some consumer advice, the most recent statistics on debt settlement are from 2017, almost six years ago. Most of the blog posts were written by the person in charge of the website in January 2018. Are you beginning to see any red flags here?

Let’s take this a step further.

In terms of debt settlement services, Debtconsolidation.com recommends Private Debt Relief, Accredited Debt Relief, and DebtMD.

In spite of this, neither Private Debt Relief nor DebtMD provide actual debt settlement services. Their job is to collect information from clients and send it to debt settlement companies. To do this, they ask clients for information about their personal finances. Accredited Debt Relief is the only business on the list that actually helps people settle their debts.

Despite providing basic advice on budgeting and paying down debt, debtconsolidation.com does not do much for the consumer other than bring the owner revenue through advertising.

According to their Advertising Disclosure:

“Debtconsolidation.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation from many of the offers listed on the site.

[…] This website will submit the information you provide to third-party financial services providers specializing in credit counseling, debt settlement, and debt consolidation services.”

Here is an example of how this might work.

Jeremy, for example, needs to settle his debts. He has $10,000 in debts, and he finds Debtconsolidation.com when he searches the internet. He then selects the website’s debt settlement landing page, where he sees ads. In addition, Jeremy notices that Debtconsolidation.com has left a 5-star rating for DebtMD.

He decides to see what they have to offer and submits some basic information to begin the process. Debtconsolidation.com then sends him to DebtMD, where he is again asked for his contact information. In spite of the fact that Jeremy has posted his contact information on two websites, he does not have a debt settlement deal as neither company settles debts. A few days later, Jeremy starts receiving lots of spam calls, and his email inbox is now a magnet for debt relief scammers.

Customer Reviews

 The “About Us” page on their website indicates that the company’s name is Consolidation Resource, LLC. As of this writing, the company does not have a Better Business Bureau (BBB) rating.

There are 24 reviews on Trustpilot for Debtconsolidation.com. Most of these reviews are from people who have been specifically asked by the website owner to leave a review.

There is no surprise that the invited reviews have nothing but positive things to say about them. They like the website because it has helpful information, advice on how to fix common credit problems, and infographics.

It should be noted, however, that all of these reviews were posted between March and April of 2014, and no further reviews have been posted since then.

So, Is Debtconsolidation.com Legit?

It is unclear what DebtConsolidation.com’s mission is. It could be to earn extra money through advertising as the website does not provide any genuine services.

If a user doesn’t want to give Debtconsolidation.com any personal information, they should work directly with debt settlement companies instead, since they don’t need to go through the middleman in this case.

Most of the time, it’s best to stay away from questionable middlemen like Debtconsolidation.com and instead look for reputable debt settlement companies. This removes Debtconsolidation.com from the list, regardless of its actual purpose.