Nonprofit Credit Counseling Service

Credit and debt management are two concepts that directly impact your finances. Without good debt management, you credit score will suffer. Conversely, when you use credit unwisely, it is difficult to practice good debt management. Learning to control your spending and educating yourself on the importance of careful credit use will help you stay on top of your finances.

National Nonprofit Credit Counseling Organization Expands Offices in Southeast

Compass/CCCS has three offices in Greenville, Spartanburg and Greenwood.  Its CCCS program was started in 1971 and provides budget, credit, and pre-filing bankruptcy counseling, debtor education and debt management plans.

“This is exciting news for both organizations.” said Suzanne Boas, president of CredAbility. “We provide many of the same services and share the same values. Combining the Compass/CCCS program with CredAbility will enable us to serve additional clients in the southeast.”

“We are pleased that our CCCS program will join a national nonprofit credit counseling agency that can provide our clients with additional services,” said Thomas Bannister, president of Compass of Carolina. “The addition of CredAbility’s housing counseling services, its 24/7 convenience and its bilingual staff will benefit many residents of upstate South Carolina.”

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Nonprofit Credit Counseling Service

Credit and debt management are two concepts that directly impact your finances. Without good debt management, you credit score will suffer. Conversely, when you use credit unwisely, it is difficult to practice good debt management. Learning to control your spending and educating yourself on the importance of careful credit use will help you stay on top of your finances.

National Nonprofit Credit Counseling Organization Expands Offices in Southeast

Compass/CCCS has three offices in Greenville, Spartanburg and Greenwood.  Its CCCS program was started in 1971 and provides budget, credit, and pre-filing bankruptcy counseling, debtor education and debt management plans.

“This is exciting news for both organizations.” said Suzanne Boas, president of CredAbility. “We provide many of the same services and share the same values. Combining the Compass/CCCS program with CredAbility will enable us to serve additional clients in the southeast.”

“We are pleased that our CCCS program will join a national nonprofit credit counseling agency that can provide our clients with additional services,” said Thomas Bannister, president of Compass of Carolina. “The addition of CredAbility’s housing counseling services, its 24/7 convenience and its bilingual staff will benefit many residents of upstate South Carolina.”

read more at Nonprofit Credit Counseling Service

Non Profit Debt Management Program

When you contact CredAbility, you will be paired with a personal debt management consultant who will work with you to set specific financial goals and then help you meet them. Every CredAbility credit counselor and debt management consultant is a professionally trained college graduate with expertise in the financial field. CredAbility debt management consultants are certified and undergo regular training to stay on top of the latest industry developments. Counselors are available to speak with you in English or Spanish 24 hours a day, every day, online and by telephone. If you are a Georgia, Florida, Mississippi, or Tennessee resident, a CredAbility counselor can meet with you in person at one of 25 offices.

National Nonprofit Credit Counseling Organization Says Consumers Paid Down $122 Million in Debt in 2010, Most Ever in 47 Years

ATLANTA, GA – Consumers are using Debt Management Plans more than ever to get back on their feet financially. CredAbility reports that in 2010, 27,818 consumers participated in its Debt Management Plans (DMP) and paid back more than $122 million to their creditors. The $122 million is a record for the 47-year-old nonprofit credit counseling organization, and a three percent increase from the $118 million paid back in 2009.

“Many consumers are deciding to take control of their financial lives by working with their creditors to pay down their debt, even if it takes 36 months or longer,” said Vicki Williams, vice president of Debt Management Plan Services for CredAbility. “They realize that this is a more responsible way to reduce debt and rebuild their credit compared to debt settlement or debt consolidation services offered by for-profit companies.”

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Non Profit Debt Management Companies

Your debt management consultant might recommend a debt management plan. These types of plans are a good option if you have a significant amount of unsecured debt. Many consumers have unsecured debt with high interest rates that make it seem impossible to ever get ahead. If you are making minimum payments and seeing your balances stay the same month after month, your debt management consultant will work with your creditors to reduce your interest rates and stop harassing collection calls.

Consumers on CredAbility’s Debt Management Plans Repay Record Amount in 2010

National Nonprofit Credit Counseling Organization Says Consumers Paid Down $122 Million in Debt in 2010, Most Ever in 47 Years

ATLANTA, GA – Consumers are using Debt Management Plans more than ever to get back on their feet financially. CredAbility reports that in 2010, 27,818 consumers participated in its Debt Management Plans (DMP) and paid back more than $122 million to their creditors. The $122 million is a record for the 47-year-old nonprofit credit counseling organization, and a three percent increase from the $118 million paid back in 2009.

“Many consumers are deciding to take control of their financial lives by working with their creditors to pay down their debt, even if it takes 36 months or longer,” said Vicki Williams, vice president of Debt Management Plan Services for CredAbility. “They realize that this is a more responsible way to reduce debt and rebuild their credit compared to debt settlement or debt consolidation services offered by for-profit companies.”

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Debt Management Nonprofit

The first step is talking to your debt management consultant about your overall financial situation. The consultant will review your monthly income and compare it to your total monthly expenses to get a complete picture of your unique circumstances. The consultant will then contact your creditors to inform them of your intention to enter a debt management program. CredAbility has been in business for over 50 years and maintains contact with an extensive network of creditors. It is often possible to negotiate lower interest rates, which will help you pay off your debt more quickly. Your consultant will also create a repayment plan that allows you to pay down your debt without drastically reducing your standard of living. Debt management takes dedication and some sacrifice, but you will be rewarded by seeing your balances shrink and your financial prospects expand.

CredAbility says that the consumers on its Debt Management Plans in 2010 had higher incomes, more credit card debt and were older than in previous years.

In 2010, the average income of a person on a DMP with CredAbility was $53,880, a four percent increase compared to 2009. Each person on a DMP in 2010 had an average of $24,266 in credit card debt, a 4.5 percent increase compared to 2009. The average age of a person on DMP in 2010 was 48, up from 45 years old in 2009.

“While people enrolling in our DMPs earn good incomes, they have an increasing amount of credit card debt,” Williams said. “We can help them negotiate lower interest rates with their creditors that may result in lower monthly payments.”

Many people who opt for a DMP to repay their unsecured debt are prompted to seek help after late payments have caused their credit card interest rates to soar. In some cases, a DMP is a sound alternative to bankruptcy. Ultimately, the plan serves the dual purpose of helping consumers repay their debts and helping creditors receive the money owed to them.

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Credit Card Debt Counseling

Never make minimum paymentsOne common credit mistaking is assuming you can get by making minimum payments. The less you pay, the more interest you accrue, which leads to a larger balance. Credit card balances can quickly snowball, wreaking havoc on your financial health. The more money you can pay toward your principle balance, the less you will spend on interest. Focus your efforts on the credit cards with the highest interest rates first and work your way down from there.

In spite of the overwhelming financial distress you may feel, we are here for you, and we can help, with sound budget planning guidance that can help you defeat credit card debt and any other financial challenge you may be facing.

Get started today!

Whether you’re trying to tighten-up your budget or struggling to pay credit card debt, medical expenses or any other kind of financial obligation, take advantage of the free, completely confidential budget planning services we offer. You have the ability to regain control of your finances and pay down your credit card debt and more... 

You have the ability to get your finances back on track–defeat credit card debt and more with free budget planning counseling and education from CredAbility

In spite of the overwhelming financial distress you may feel, we are here for you, and we can help, with sound budget planning guidance that can help you defeat credit card debt and any other financial challenge you may be facing.

read more at Credit Card Debt Counseling

Credit Counseling Online

Avoid late payments
Even a handful of late payments can cause serious damage to your credit score. Lenders use your credit score to determine what type of risk you pose as a potential borrower. While an occasional 30-day late here and there will not significantly lower your score, a series of late payments or severely delinquent accounts can rapidly drop your score. Once your credit is damaged, it is difficult to repair. A seriously low score can take years to recover. Stay on top of your bills and use credit sparingly to avoid getting in over your head. Avoiding late payments is one of the most important parts of making credit and debt management work to your advantage.

You have the ability to get your finances back on.

Our professional counselors offer confidential advice that helps you take a new look at budget planning, and helps you learn how to manage your credit card debt and any other debts, and help you learn how to start building savings.

Our mission is to empower people with knowledge and solutions that provide hope and inspire lasting change. 

Whether you’re trying to tighten-up your budget or struggling to pay credit card debt, medical expenses or any other kind of financial obligation, take advantage of the free, completely confidential budget planning services we offer. You have the ability to regain control of your finances and pay down your credit card debt and more... get started today!


In a budget planning session, we’ll work with you to determine the most effective way to approach your particular situation, and, aftewards, we'll send you a personalized plan that can help you begin to stabilize your finances and meet future goals.

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