centennial (3)

Total Score

4.3

User Score

4.3 rating

Woman makes payment with credit card

Settlement

Settlements are commonly negotiated by third-party agencies who help to discuss your dues with a creditor. In a settlement, it is usually discussed and agreed upon that the borrower pays the creditor a lump sum amount. This amount is usually less than what the borrower originally owes.

Pros

  • Helps you quickly fix your financial problems
  • Might be more costly in comparison to paying the actual amount that you owe

Cons

  • An immediate but a makeshift solution to your debt issues
  • Some lenders might not accept your settlement offer

Consolidation

To consolidate debt is to collectively combine all of your accounts and form them into one enormous, single debt. In debt consolidation, borrowers usually take out a big loan with a more affordable payment option or more moderate interest rates and use it to pay off several other creditors.

  • PROS:

  • Does not require collateral

  • More attainable payment options

  • Instantaneous and straightforward process

  • CONS:

  • May potentially decrease your credit score rating

  • Will accumulate a larger interest rate of up to 15-20%

  • More extended payment terms

Businesswoman Calculating Bill
Couple With Documents Calculating Finance At Home

Personal Loans

A personal loan is a process of borrowing money from banks, credit unions, online lenders, friends, or relatives with a set interest rate and payment plan. Personal loans can be categorized into a Secured or Unsecured Loan. Secured Loans are loans that require collateral or down payment while Unsecured Loans do not require any of it.

While applying for a personal loan can be a viable option, it is also crucial to consider the proposed interest rates and repayment plans being offered to you.

  • PROS:

  • A quicker method for clearing debts

  • Viable for a short-term solution

  • CONS:

  • Lengthy approval time

  • May have higher interest rates

Centennial Funding

centennial (3)

Ideal Customer: Over $15,000 in debt

Total Score

4.3

User Score

4.3 rating

Total Score

4.3

User Score

4.3 rating

Price - % of Debt
15-25%
15-25%
Accreditations
AFCC & IAPDA
AFCC & IAPDA
Free Consultation
Yes
Yes
Min. Debt Accepted
$7,500
$7,500
Money-Back Guarantee
Yes
Yes
Number of Reviews
3
3

The Good

Superb Communication Process

Best-Priced

Hassle-Free Application

Superb Communication Process

Applying for debt relief assistance can be an overwhelming process, and while some people might be privy to the whole process, some may not be. Centennial Funding understands this concept and empathises with customers who are familiar with the process and those who are new to it by constantly communicating with them and making sure that they are up to date with the status of their account.

Best-Priced

One very important factor that clients look into when scouting for a debt relief company to partner with is their interest rates and charges. We are happy to report that Centennial Funding is one of the best-priced funding agencies in the country with very fair prices and upfront fees. While other companies make money off of their clients by mid-contract increases and miscellaneous fees, Centennial Funding gives their clients peace of mind by sticking to the agreed-upon rates and the contracts they have signed.

Hassle-Free Processing

Apart from their remarkable customer service skills, our other favorite perk about consulting with Centennial Funding is their simple and hassle-free processing. They offer free consultation services that in no way affects your credit score rating, and you can also access this online! Their consultation service is non-commital, which means that they do not force you to apply for a program if you do not feel comfortable. If you do decide to apply, their team of account specialists are there to guide you every step of the way and make sure you were able to understand the whole process.

The Bad

No Accreditation with IAPDA

No Accreditation with IAPDA

It is important to note that Centennial Funding does not have accreditation with the International Association of Professional Debt Arbitrators (IAPDA). Although there is no legal obligation for an institution to be certified with all organizations, some consumers feel the need to partner with a company who abides by FTC standards.

While some clients might be bogged about Centennial Funding lacking IAPDA accreditation, we still commend on other more important factors like, their proficiency in dealing with clients, their expert communication skills, really great offers, and their easy application and processing. Their free consultation service is the icing on the cake and is the absolute clincher. All in all, we'd give them a 10/10 for meeting our standards and for being able to deliver their services with laser precision.

Contact Information

Website: centennialfunding.com
Email: Contact Form
Address:Centennial Funding, 999 18th Street, Suite 3000, Denver, CO 80202

We'll Introduce You!

Call our recommended rep over at Centennial Funding below.

4.3
4.3 rating
4.3 out of 5 stars (based on 3 reviews)
Excellent33%
Very good67%
Average0%
Poor0%
Terrible0%

centennial (3)

Centennial Funding

Their free consultation service is the icing on the cake and is the absolute clincher. All in all, we'd give them a 10/10 for meeting our standards and for being able to deliver their services with laser precision.

The Centennial Funding staff was great to work with.

5.0 rating
January 2, 2020

The Centennial Funding staff was great to work with. I received my money within a week and I was expecting to go through a few bumps along the road, thankfully, I didn’t. Big thanks to Centennial for pulling through and for the agents who helped make it possible.

Jody M

I expected them to fall short of their promise to me

4.0 rating
October 17, 2019

I expected them to fall short of their promise to me, but so far they’ve shown nothing but great progress for the status of my account. I can’t believe I’ve finally found a company that is not only reliable but gives value for my money.

Krystal C

Very easy to talk and very reliable.

4.0 rating
March 19, 0201

Very easy to talk and very reliable. I asked them to give me the lowest rate possible for my loan and they did.

Jacob L

Settlement

VS

Consolidation

VS

Personal Loans

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