Wondering if Take Charge America is a good option for debt settlement or debt relief? In this review of the company, we’ll look at their reviews and ratings from across the web, and we’ll break down their services when it comes to managing and decreasing debt.
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Who is Take Charge America?
Take Charge America (TCA) is a nonprofit credit counseling agency that provides debt management, financial education, and housing counseling services. Founded in 1987, TCA has helped thousands of individuals regain financial stability through structured debt relief programs and personalized financial counseling.
- Headquarters: Phoenix, Arizona
- States Covered: Nationwide (Available in most U.S. states)
- Founded in: 1987
- Website: www.takechargeamerica.org
- Phone: 1-866-750-9634
Services Offered:
- Free Credit Counseling
- Debt Management Plans (DMPs)
- Budget Planning & Financial Education
- Housing Counseling (HUD-approved)
- Student Loan Counseling
- Bankruptcy Counseling
February 2025 Update: As per a recent press release, Take Charge America has expanded its free housing counseling and mortgage assistance services to California, thanks to a $250,500 grant from the California Housing Finance Agency (CalHFA). This initiative allows the nonprofit agency to provide confidential support to homeowners and renters struggling with delinquency, foreclosure risk, or navigating the homebuying process. The services include rental and mortgage delinquency assistance, reverse mortgage counseling, pre-purchase and post-purchase guidance, and rental counseling for first-time or low-income renters. As a nonprofit, Take Charge America remains committed to offering free, unbiased advice tailored to each client’s financial situation. Residents can schedule a virtual appointment by visiting TakeChargeAmerica.org or calling (866) 987-2008.
Minimum Requirements to Qualify:
- Minimum Debt: No strict minimum, but best suited for those with $5,000+ in unsecured debt
- Income Minimum: Must have verifiable income to support a repayment plan
Take Charge America Ratings & Reviews:
Take Charge America is known for its commitment to consumer financial education, transparent practices, and effective debt relief solutions. Here’s how they are rated across major platforms:
- BBB Rating: A+ (Accredited Business)
- BBB Reviews: 4.7/5 Stars
- Trustpilot: 4.8/5 Stars
- Google Reviews: 4.6/5 Stars
- Consumer Affairs: 4.5/5 Stars
- Investopedia Rating: 4.3/5 Stars
- Accreditations: Member of the National Foundation for Credit Counseling (NFCC), HUD-approved housing counseling agency
Key Features & Benefits:
1. Free Credit Counseling
Take Charge America provides a free, confidential financial review to help clients explore available debt relief options and develop a customized financial plan.
2. Debt Management Plans (DMPs)
- TCA works with creditors to reduce interest rates and eliminate late fees.
- Clients make one consolidated monthly payment to TCA, which is then distributed to creditors.
- Most DMPs last 36 to 60 months, depending on the debt amount.
3. Nonprofit & Transparent Fee Structure
- As a nonprofit agency, TCA offers low-cost solutions with fees regulated by state laws.
- Fees typically range from $0 to $50 for enrollment and $25 to $75 monthly.
4. Housing & Bankruptcy Counseling
- Provides HUD-approved housing counseling for mortgage assistance and foreclosure prevention.
- Offers pre-bankruptcy counseling and debtor education, as required by federal law.
5. Financial Education & Resources
- Free online courses, budgeting guides, and financial tools.
- Personalized coaching to help clients develop better financial habits and avoid future debt.
Limitations & Considerations:
While Take Charge America has many benefits, here are some potential downsides:
- Debt management plans require consistent payments – If you miss a payment, you may lose program benefits.
- Not all debts qualify – Secured debts like mortgages and auto loans are not eligible.
- State restrictions apply – Some services may not be available in all states.
Customer Support Review:
Take Charge America receives high marks for customer service and program transparency. Many clients praise the easy enrollment process and supportive financial counselors.
Here’s what a customer named Jessica had to say:
“Take Charge America helped me lower my credit card interest rates and develop a realistic repayment plan. Their team was professional, patient, and always available to answer my questions. I highly recommend them!”
Frequently Asked Questions (FAQ)
1. What types of debt does Take Charge America handle? TCA specializes in unsecured debts, such as credit card debt, medical bills, personal loans, and collections. They do not handle secured debts like auto loans or mortgages.
2. How does Take Charge America’s debt management plan work? A DMP consolidates all your eligible debts into one monthly payment. TCA negotiates with creditors to lower interest rates and waive fees, helping you pay off debt faster.
3. Are there any upfront fees? TCA’s fees vary by state, but they do not charge high upfront fees like for-profit debt relief companies. Many clients qualify for low-cost or waived fees.
4. Will using a debt management plan affect my credit score? DMPs may initially impact your credit score, but as you make consistent payments and reduce your debt, your score is likely to improve over time.
5. How long does a debt management plan take? Most DMPs take 3 to 5 years to complete, depending on the amount of debt enrolled.
6. Is Take Charge America available in all U.S. states? TCA operates in most states, but some services may not be available in all locations. Check their website or call for details.
7. Does Take Charge America offer student loan assistance? Yes, TCA provides guidance on student loan repayment options but does not offer direct consolidation services.
8. What qualifications do I need to enroll in a debt management plan? You must have verifiable income to ensure you can make consistent monthly payments.
9. What should I expect during the free consultation? During the consultation, a financial counselor will review your debt situation, discuss repayment strategies, and outline your best options.
10. How do I get started with Take Charge America? Visit www.takechargeamerica.org or call 1-866-750-9634 for a free consultation.
Final Thoughts: Is Take Charge America Right for You?
Take Charge America is a trusted nonprofit credit counseling agency that provides debt management plans, financial education, and personalized counseling. Their low fees, nonprofit status, and strong industry reputation make them an excellent choice for individuals struggling with credit card debt and looking for a structured path to financial stability.
If you’re seeking a reputable debt management program, Take Charge America is a solid option.
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Amine is an entrepreneur, investor and financial writer that covers the US economy, inflation, alternative investments, cryptocurrencies and more. He has been involved in the space for over a decade.
