Consumer Credit Counseling Service (also known as CCCS) is a non-profit organization that provides low-cost assistance to those needing personal financial counseling, which many times includes a creditor repayment plan.
Who is eligible?
Consumers who would like assistance with managing their monthly living costs and creditor payments may receive counseling at many local offices, through telephone or the Internet.
What services are provided?
A certified, professional counselor helps you to break down your income, living expenses, and creditor payments into monthly amounts by preparing a personal budget. Recommendations are made, where appropriate, to reduce expenses, increase income, or make adjustments to improve your financial situation. If desired, a creditor repayment plan may be established. Many creditors will stop late fees and overlimit fees to reduce or stop finance charges as an incentive for joining the Debt Management Plan. A monthly deposit is made to CCCS, who in turn makes monthly payments to the creditors.
How do I apply?
You may apply by calling the Consumer Credit Counseling Service that administers the service in your area. Immediate counseling may be available.
