CareOne Service ProvidersSM or CareOneCredit is a group of credit counseling services that has been around since 2002. CareOneSM is a name brand of debt relief services that provides debt management solutions to consumers, not loans.
CareOne Services, Inc. is a BBB Accredited business since June 2004. This company has a BBB Rating of A+ on a scale from A+ to F. The BBB processed a total of 88 complaints about this company in the last 36 months. Of the total of 88 complaints closed in 36 months, 32 were closed in the last year.
How CareOne Credit Counseling Service Providers Work
Some CareOne service providers offer two types of debt consolidation plans: a debt management plan and a settlement plan. You will work with a certified coach who is expert in debt management to decide which program is right for you. Once you find what you agree is affordable, they will work with your creditors to reduce interest rates and eliminate late fees.
If you enroll with a debt relief program from a CareOnecredit service provider you will need to pay a set-up fee and a monthly service fee. They then offer electronic payment processing linked to creditors to reliably process your payments to creditors each month. You will be able to get access to money management education and other resources to help you build a sound financial future.
Pros and Cons
CareOne Service ProvidersSM are reputable debt relief services. Some clients reported that they have positive experience and succeed making new payment plans with the company. You can expect, though, to find one complaint or two on the place such as ripoffreport.com.
CareOne website looks professional and has a community forum with a fair amount of activity.
CareOne Services, Inc. is a for profit business. Even though they have a list of testimonials from satisfied clients, if you are considering enrolling in their debt relief plan make sure you can afford the payment because you cannot miss even one.
Is CareOneCredit Right for You?
You can qualify for their debt relief program if you have a total debt load no less than $2,500 in unsecured debt, two or more accounts and source of income. Just fill out Care One online application form and learn what they can offer you.
Once completed, a representative from CareOne will contact you to discuss the services they can offer to best help your situation. Don’t worry; there is no commitment on your part. Just learn what you can expect from the program and company via the discussion so you can decide whether to go ahead with their help or not.