Problem console voice chat is too loud.
Solution.
Click options button.
Scroll down to options.
At the very bottom is an audio slider marked 'player voice'
This is the volume control for all player created voice chat noise.
Ease that sucker back to below half.
( the default for some reason is so loud its almost a distortion effect)
There is a separate slider for NPC voice volume called dialogue volume.
So you might crank that up depending on your social/solo interests.
* optional.
* For thoswho simply want to quest in pure solo bliss, click the slider down to zero.
* Now you can still see the names of people speaking and elect to interact or not.
* The names are color coded.
* Blue is a group mate
* green is a guild mate
* white is area chat
* blurry is an indicator you should see an eye doctor,

Cheers.