Information on Credit Guard of America

Credit Guard of America is a non-profit credit counseling agency. The purpose of their business is to help consumers swimming in unmanageable debt to reduce balances and interest rates and repay loans. There are a variety of opinions on the company, and it's important to understand all positions before making a commitment with them.

History

Credit Guard of America formed as a legitimate non-profit credit counseling center in 1991. They operate from an office park in Boca Raton, FL, and have been in business under the same name since their inception. Credit Guard of America trademarked their name in 1997.

Benefits

The company claims to work with consumers and their creditors, relieving interest rate pressure and reducing balances to help them pay down balances. The Credit Guard Website (see Resources below) offers a limited amount of information, but the company is federally bonded and legitimately recognized as a 501(c)(3), or a federal non-profit company.

Complaints

There have been at least 42 complaints about Credit Guard of America in Florida alone. Customers complain that the company actually outsources consumers to a different company, Consumer Law Center, where their claim is handled by agents of Credit Guard of America, but without the strict guidelines of a non-profit.

Positive Reviews

Credit Guard of America is featured on Forbes.com as a reputable and helpful credit counseling agency for consumers. They claim that the company tells customers what to expect up front and can successfully navigate customers through loan negotiations.

Warning

Credit counseling can be a great way for consumers to get out of debt without spending multiple thousands of dollars. Based on the reviews, it seems that Credit Guard of America is a legitimate, non-profit credit counseling agency, but it's best to speak with a direct representative and ask tough questions about their Consumer Law Center.

Resources

• Credit Guard of America