How does Credit Counseling work?
Anyone overburdened by credit obligations can contact Community Credit
Counseling Specialists (CCC) for an appointment. A professional
counselor, with previous financial counseling experience and
successfully certified through an accredited educational program, will
counsel the client to prepare a monthly family budget. If appropriate,
the counselor will formulate a repayment plan, referred to as a Debt
Repayment Plan (DRP), acceptable to the client and the creditors, for
paying all debts. There is no charge or fee for this initial budgeting
session, regardless of whether or not a client would decide to enter a
DRP. If a client decides to enter a DRP, a one-time fee of $25 and a
monthly maintenance fee of $25 is requested. These fees can be reduced
or waived, and services will be provided regardless of the client’s
ability to pay.
To insure the success of the program, cooperation between
CCC, the client and creditors is vital, especially during the first
30-45 days of the DRP. The client must adjust to a new budget and the
creditors must be patient while waiting for their first payment.
Many credit counseling agencies work with clients through “service
departments” staffed by employees who work with all clients as a group.
CCC clients are assigned to a certified counselor, who works
individually with the client from the initial counseling session and
throughout the completion of the DRP.
What is expected of Credit Counseling
clients?
•
That information provided to CCC regarding net income, living
expenses and debts are as accurate and current as possible.
•
That both husband and wife be present if possible at
the initial interview. That appointments be attended promptly and adequate
notice be given to CCC if an appointment cannot be kept.
•
That credit counseling be viewed as a long term
solution and not a 'temporary fix" for credit problems. Financial problems
usually do not happen overnight; neither do their solutions.
What is expected of creditors who
agree to work with Credit Counseling?
•
That they respond within two weeks (10 working days) to a
proposal for a specific payment amount from CCC.
•
That they work directly with CCC and not contact the
client directly after accepting a proposed payment amount unless such
payments are not made as agreed by the client.
•
That any
changes to an account, such as new account number or transfer of
responsibility for the account from one company or department to another be
promptly reported to CCC.
If you want peace of mind from knowing that you have a plan to get out of
debt, call Community Credit Counseling Specialists today for a free
counseling session toll-free at 1-888-662-3313, or complete an on-line application immediately.
Community Credit Counseling Specialists, Inc.
5301 Southwyck Blvd., Suite 100
Toledo, Ohio 43614-1580
Telephone 419-865-2333
Toll Free 1-888-662-3313
Fax 419-868-0207
E-mail
© 2006, 2007, 2008, 2009 Community Credit Counseling
Specialists, Inc. All Rights Reserved.
Note: This Site
best viewed with video setting of 1024 X 768
