counseling :

Financial Counseling

Do you need help determining your debt repayment options?

During a Financial Counseling session a Certified Financial Counselor will:
  • Thoroughly review your income and expenses
  • Review your Credit Report and Score
  • Analyze your unsecured debts (credit cards, retail cards, finance company loans, collection agencies, judgments and medical bills) and review appropriate debt repayment options
  • Provide you a written overview of your financial situation and action steps to take
  • Supply resources to achieve financial goals and address financial concerns

From budgeting advice and suggestions for positive spending habits, to a debt management plan, you and your counselor will work as a team to create a spending plan and determine the best plan to achieve your financial goals. Ultimately, your counselor has your best interest in mind.

Debt Management Plan (DMP)

One option your counselor may recommend is a Debt Management Plan (DMP). A DMP is a partnership between you and CCCS to systematically pay down your outstanding debt through monthly deposits to CCCS, which will then be distributed monthly to your creditors.

By participating in a DMP, you may benefit from:

  • Lower monthly payments
  • Reduced interest rates
  • Waived late/over limit fees
  • Elimination of collection calls
  • Having only one monthly payment
  • Becoming debt free in 5 years or less
How is a CCCS plan able to lower my rates when I can't do it on my own?

The negotiated interest rates and payment amounts you may receive on a DMP are based on the higher likelihood of repayment to your creditors due to more favorable terms.

* Services are offered without regard to ability to pay and services will not be withheld because of inability to pay. Fee waiver may be obtained in cases of specific hardship based upon income and must be verified by presentment of pay stubs and/or other proof of income.

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