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Coastal Credit Solutions

Coastal Credit Solutions, also known by the parent name of Costal Finance Solutions, plays it plain and simple, debt management or debt settlement; whichever is the chosen option to the client's problem, Coastal Credit Solutions is well equipped to handle it. They established themselves in July 2005 and are located in SanDiego, California.

Their system of operation is what is standard in the credit and debt industry. Having determined the nature of the client's financial debt, and figured out whether debt consolidation is a viable option or not, the process begins. For a debt settlement process, the clients are advised to stop direct payments to the creditors, and are instead asked to send the money to a trust account created by Coastal Credit Solutions. When the money in the account is equivalent to 40% of the minimum outstanding debt, Coastal Credit Solutions starts its negotiation process and is ready to settle the debts on reduced rates, on behalf of the client. For this, clients are charged 15% of the total debt, along with a monthly fee of $39.00.

For debt management purposes, Coastal Credit Solutions ensures that they get the lowest possible interest rates. Creditors pay Coastal Credit Solutions a fee to get their otherwise "bad" debts settled. This payment is not visible to the client. Clients pay a $59.00 monthly fee for this purpose. This is 20% higher than what is charged by some other leading debt management companies.

The clients make the payment and Coastal Credit Solutions then distributes it to the creditors as and when their agreement stands. The benefit of this whole process is that the client's money is best used to pay off the debt rather than paying a huge amount of interest. In the long run the debts are paid off much faster. Unlike other companies, Coastal Credit Solutions does not outline a time frame to achieve debt free status.

Amongst its other services, Coastal Credit Solutions provides consultations for refinancing a home as well as foreclosure prevention.

The Coastal Credit Solutions webpage has, as would be expected, an image of the coast, with the sun spreading its light, giving an overwhelming feeling of hope. The website highlights its important features of consumer tips and a section for the learning center. While consumer tips typically advises on ways of reducing taxes, and tips to help save money, the learning centre option is more expansive. It talks about credit and credit ratings and how best to improve the credit profile. Scrolling down the webpage, there is a standard Debt calculator that helps determine your credit-income ratio, and has different guidelines for various scores.

The news section is an archive of newsletters from different sources, the purpose of which is, by all means better financial enlightenment. These in conjunction with Coastal Credit Solutions financial glossary are a useful tool for better understanding of the debt management process.

Coastal Credit Solutions customer service is adequate. While they have a toll free number and an email, the lack of an online chat forum is sorely obvious. The phone support is helpful, friendly and well informed. Their FAQ section is sufficient yet not impressive. The overall rating for customer service would be average as compared to other competitors.

Coastal Credit Solutions has an interesting category titled "Coastal Cares", this is unique and commendable as they are one of the few companies trying to pay back the community the only way they know how, financially. Multiple images give a sneak peek into how the employees volunteer to give a helping hand to the very community in which they survive.

Coastal Credit Solutions is accredited by BBB (Better Business Bureau), which gives it a rating of A, and it has also been awarded the Bronze Award by Top Ten Reviews.com, further adding to its credibility.

As a final choice to maintain an individual's financial assets, Coastal Care Solutions requires in-depth analysis, since a personal judgment on the efficacy of a service is, but one's own, and not based on reviews.

Comparison with its competitors leaves Coastal Credit Solutions a bit lacking in the services it provides. What this company offers as far as debt management and consolidation is concerned is sufficient. With its personalized and unbiased view of the credit industry, Coastal Credit Solutions could very well be what you are looking for.

For more information on Debt Consolidation companys, go to Debt Consolidation.

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