Strategic ConsultingReviews of strategicconsulting.com

Spoke with a rep about possibly consolidating my debt. I had received a mailing and the rate advertised was significantly lower than what I was paying (they were offering 3%, and I am paying a fixed 7% on the majority of my debt). He informed me that, with the minimum payments on a card assuming the rate doesn't change it would take 15 years to pay off or we would need to pay double the minimum to pay it off any faster, which did not sound correct to me. I just ran the calculations on it in excel (principle + interest rate/12 months per year - payment = new principle for the next month's calculations) and he literally doubled the payoff time in our conversation. It was obvious from talking with him their script is to scare customers into signing up with them without really thinking. Please double check all numbers they give you about pay off times before signing with them, it took all of 2 minutes to enter the formulas into excel and drag them down until the balance was 0 to double check what he was telling me. While I have no doubt that they can help some people in dire situations, please run some simple calculations to determine if they are telling the truth.

Their whole concept of debt "consolidation" is misleading. The way they promise you will get out of debt is to stop paying on your accounts. Instead pay into their "fund" . In the mean time you'll get collection calls after collection calls, until you get the the maximum delinquency, a charge off. Legal action can be instituted against you at this point. But they say don't worry, a lawyer will represent you. Then once they reach a settlement you will pay off your debt for a lower amount, and your credit will be "good". This is misleading to say the least. Your credit history will have numerous delinquency reports, until the final "charge off", and your account will have extra thousands of dollars of late fees, and over limit fees. Then they are going to settle this for a guaranteed 35% less? A charge off is the worst possible credit rating you can have. That will completely destroy your credit. Not only that, you'll have a history of legal action against you on your history with the court system. Those reports will not be erased when the debts are settled. It will get you out of debt, but you can forget about getting any credit in the near future. It would take years and years to rebuild your credit after this "consolidation", if you could rebuild it. It's a very good thing I had the better sense not to enroll in a program like this, and I would not recommend it to anyone that wants to keep or rebuild there credit.

They are a marketing firm. They send your contact to other loan services. Don't waste your time with them. They don't disclose that they don't actually loan money upfront.

The financial consultant at Strategic Consulting showed me a number of loan options, which were not great offers because my FICO was too low. I ultimately decided that I would go with the debt settlement program because I had to stop paying so much on my credit cards.

This guy lied so many times it was incredible..First he said he said I was approved for a loan not exceeding 9 percent. Lie. Then it turned into credit consolidation. Lie. Then he told me he worked for Stategic counseling. Then his voice-mail says he works for Timberline a financer. Manipulative lie again. This man did not like me asking common questions, furthermore he couldn't answer them. Then his true colors came out and went rude ballistic on me and hung up the phone. He called me. Not the other way around. Now, do a check on Timberline financial. Very very unsettling reviews. Ricardo his name. A little disrespectful punk.

Terrible organization, and unsure if they're even an "organization". They tried to talk me into taking a loan inspite of it obviously not being in my best interest. Then hung up on me as soon as they knew I was aware of their bad offers.

An unprofessional debt consolidation company. After refusing to accept their offer, I had to hang-up on them as they kept asking me 'why' over and over again. I'd never like to do business with this company especially if finances were involved.

I enrolled in a modification plan a couple months ago. At first, I was very uncertain since I had many many other loan options with them through their "market place" and that's what I initially wanted. After looking over my options in depth, I decided that another loan was not be the best approach. Being an accountant myself, I realized I couldn't borrow myself out of debt. I pulled the trigger and chose one of the loan alternative plans instead. Probably one of the hardest decisions since I have read many negative things about these plans, heard some horror stories, and my gut was telling me otherwise. I don't know if what I read was wrong or it just happened to work out well for me but I am very happy with the results! We already see significant progress being made and I am saving a bunch of money. I discussed today about adding a portion of my tax refund as a prepayment and apparently I may end up saving even more money and getting out of debt sooner! Mission accomplished. My wife will be moving forward with this plan as well. She was even more hesitant than me at first and I'm supposedly the stubborn one...