All office hours are Eastern Standard Time...
Credit Counseling
New credit counseling clients
Toll Free: 1-877-906-5599
Certified Credit Counselors are available
Monday - Friday: 8am - 11pm
Saturday: 9am - 6pm
Customer Service
Existing InCharge clients
Toll Free: 1-888-734-6229
Customer Service agents are available
Monday - Friday: 8am - 6pm
Housing Counseling
New or existing Housing clients
Toll Free: 1-877-712-6040
Certified Housing Counselors are available
Monday - Friday: 9am - 5pm
Bankruptcy Counseling
New or existing Bankruptcy clients
Toll Free: 1-866-729-0049
Certified Bankruptcy Counselors are available
Monday - Friday: 8am - 9pm
InCharge is closed on the following holidays
New Year's Day
Memorial Day
Independence Day
Labor Day
Day after Thanksgiving
Christmas Day
Speak with a counselor @ 

Debt Consolidation

Debt Consolidation Without a New Loan

Debt Consolidation without a new loan is an innovative solution by InCharge Debt Solutions.  We take the work out of debt management by consolidating your debt payments into a single, predictable monthly payment. You chose the day of the month that works best for you, based on your personal budget and payroll schedule. This is just one of the benefits available to those who qualify for our debt management program. Other benefits may include lower interest rates from your creditors, waived fees, stopping the collection calls and paying off your debt faster than on your own.

Here are five reasons you should consider InCharge debt consolidation:

  1. Convenience: Paying multiple debt payments is hard work. Mail gets lost, life gets busy and the late fees pile up. With InCharge's debt management plan, we do the work.
  2. Scheduling: Ever feel like you are juggling too many payments with too many due dates? With InCharge's debt management plan, you can schedule the exact day of the month that your single debit pays all of your debts. This means no more confusion over what needs to be paid when.
  3. Lower interest rates: If you qualify for our debt management program, we may be able to secure lower interest rates from your creditors.
  4. Faster debt repayment: How would you like to be debt free within a few years? Each year, thousands of InCharge clients graduate to debt free status.
  5. Stay Debt Free Education: We can help you become debt free, but how do you stay that way? As an InCharge client, we'll help teach, motivate and inspire you to stay debt free. We'll teach you how to save money, build an emergency fund and set achievable financial goals.

How the Debt Consolidation Alternative Can Help You

According to data from the Federal Reserve, approximately 37% of Americans carry a credit card balance from month to month. Some people carry small balances. Others carry large balances. You may be somewhere in the middle. Carrying a balance over months, years, decades... adds up. The average credit card interest rate is around 15% APR. That's $15.00 per year for every $100 you carry in debt. If you have $15,000 in debt, you'd be paying $2250 each year to hold that debt. And that's only for one year. If you carry that same debt for 5 years, you've paid $11,250 to borrow $15,000. 

It's not easy to get out of debt. That's where debt consolidation comes in. Here's a scenario to help you better understand traditional debt consolidation. After you've read that, we'll tell you how InCharge's debt consolidation alternative can capture all the benefits of traditional debt consolidation without the risks.

Debt Consolidation Case Study: Meet Anne

Anne, 32, is a high school teacher. Anne starting using credit in college to pay for books and expenses. She graduated with a small balance on two cards: $2400. As a new teacher, Anne signed up for 2 more credit cards at her favorite clothing stores to pay for a professional wardrobe, accumulating $2500 more in debt. Over the next few years, Anne experienced a number of financial set-backs. She opened another credit card to help pay for a major car repair ($1500) and another to cover expenses when her roommate moved out with no notice ($2500). 

Two years ago, Anne was laid off. As a teacher, she thought she had job security, but her state had a budget crisis and teachers with little seniority were the first to go. She was unemployed for one year and then re-hired the following year. With few options, Anne lived off her credit cards while unemployed, adding an additional $9000 to her debt. At 32, she owes $17,900 on 9 different credit cards. In some 2-week spans, Anne has to make 5 credit card payments. "It feels like a big payment is always due. I try not to look at the finance charges. It's just too depressing. I can barely keep up."

Anne is interested in consolidating her debt. "Just having one payment to worry about each month would be a godsend." When she looked into a traditional debt consolidation program, Anne faced a number of problems. Because be she had a very high debt to income ratio, she did not qualify for the the best interest rates. There were also high fees associated with taking out a large loan. Then Anne discovered InCharge's Debt Consolidation alternative.

With InCharge's Debt Consolidation Alternative, Anne was able to consolidate all of her payments into one convenient monthly payment, without taking out a new loan. InCharge was also able to help Anne get lower interest rates on 7 of her 9 cards, meaning more of her payment each month would go to pay off the balance, than to interest. With the InCharge Debt Consolidation alternative, Anne will be debt free in 4 years and 2 months. "Having lived with credit card debt my entire adult life, I cannot tell you what it means to me to be debt free in a few years. Every time I make my one consolidated payment, I know I'm one month closer to my financial freedom."

Traditional Debt Consolidation vs. the InCharge Debt Consolidation Alternative

Traditional Debt Consolidation
  • Take out a new loan
  • Pay high loan origination costs
  • May be turned down if your credit score is low
  • Interest rates may be high
  • One consolidated monthly payment
  • New large loan pays off several smaller loans
InCharge Debt Consolidation Alternative
  • No new loans
  • InCharge helps you secure lower interest rates with your creditors
  • One monthly payment to InCharge (InCharge divides it up among your creditors)
  • No hefty loan origination feels (because there is no new loan)
  • Interest rates will stay the same or (more likely) be lowered
  • One consolidated monthly payment
  • Access to financial counselors and support, helping you stay the course to become debt free
  • Access to exclusive educational material
  • Referrals to other nonprofit companies that can help you with other problems
Get Started Now to find out if our Debt Consolidation Alternative can help you better manage your finances and start down the road to financial freedom. 

Learn more about Debt Consolidation from the articles below.

Is it possible to consolidate student loans and make one monthly payment?

Dear Liz:I owe $75,000 in student loans. It took me seven years to graduate from college due to a car accident that happened during my second year. I am now 30 and doing all I can, working 12 to 14 hours a day, but I’m not making any headway.

Should someone settle a debt that was written off?

Dear Liz: I am astonished you would counsel someone to try to negotiate a settlement of credit card debts from 2003 that were written off in 2007. Why? The statute of limitations is no more than six years in California and can be much shorter in many other states.

My friend has a large credit card debt but only pays the minimum.

Dear Liz: I have a friend who owes $30,000 in credit card debt. I suggested he see a financial advisor who can help him to get out of this situation, but he never finds the time to do it. Read More

How do you settle a co-signed student loan debt?

Dear Liz: My daughter co-signed a student loan for a friend who failed to pay the debt. Now my daughter cannot refinance her home because this loan appears on her otherwise very good credit reports. She has been getting calls from a collection agency.

Should I pay off my debts before I start my emergency fund savings?

It's smart to put at least a few hundred dollars in the bank before you begin to pay down your debts. That way, if you face a small financial setback, you can tap your emergency fund and not have to add to your debt.

Should I Consolidate My Debt Calculator

Is this the right time to consolidate your debt? This calculator can help you decide. See what your monthly payment would be with or without a consolidated loan and how many months it will take to become debt free.

Feds Strengthen Debt Settlement Rules

When faced with overwhelming debt, many people don't know where to turn: Should they file for bankruptcy, consolidate their debts into one loan or try to settle with creditors for less than they owe? Each approach can be fraught with difficulties and expense if you don't know what you're doing, but inaction is probably the worst course.