where to take credit counseling course

Full Answer

Where can I get a certificate of credit counseling?

Only credit counseling organizations and debtor education course providers that have been approved by the U.S. Trustee Program may issue these certificates for filers in all states and territories except for Alabama and North Carolina. Find an approved credit counseling agency or debtor education provider .

How much does the credit counseling course cost?

The Credit Counseling Course is only $19.95 per household. Impeccable US based customer service that values your time. Take the course 24/7 from any of your devices. Receive your certificate immediately after completing the course during business hours. Have Questions? Our Support Team is here to help.

Where can I find a pre-filing bankruptcy credit counseling course?

Welcome to DebtorCC! We provide a website that offers the online pre-filing bankruptcy credit counseling course and other personal finance products and services.

Can I get credit counseling and debtor education at the same time?

These may not be provided at the same time. Credit counseling must take place before you file for bankruptcy; debtor education must take place after you file. Certificate of completion for both credit counseling and debtor education are required but before the filer’s debts can be discharged.

Is a credit counselor worth it?

It can help rebuild your credit. The amount of debt you have as it relates to your available credit—your credit utilization—accounts for another 30% of your score. If you're struggling to find room in your budget to make your minimum payments, working with a debt counselor could help get you on the right track.

Do banks do credit counseling?

A counselor will work with you to provide the best possible options based on your individual financial situation. They can provide assistance with all your financial obligations, not just the relationship you have with us here at Bank of America. One of these options may be a Debt Management Plan (DMP).

What is the credit counseling process?

What Is Credit Counseling? Credit counseling provides consumers with guidance on consumer credit, money management, debt management, and budgeting. The goal of most credit counseling is to help a debtor avoid bankruptcy if they find themselves struggling with debt repayment.

How do I know if credit counseling is legitimate?

A reputable credit counseling agency should be willing to send you free information about itself and the services it provides without requiring you to provide any details about your situation. If a service doesn't do that, consider it a red flag and go elsewhere for help.

What are the pros and cons of credit counseling?

Downsides of Consumer Credit CounselingCredit Counseling ProsCredit Counseling ConsLowers the interest rate and waives certain fees on your debtWill not reduce the principal amount you oweCould get you out of debt in 36-60 monthsRequires you to pay startup fees plus monthly account management fees3 more rows•Jan 24, 2019

How is credit counseling different from debt adjustment?

Credit counseling organizations are usually non-profit organizations that advise you on managing your money and debts and usually offer free educational materials and workshops. Debt settlement companies offer to arrange settlements of your debts with creditors or debt collectors for a fee.

What is the minimum education requirement for most entry level credit counseling positions?

What Degree Should I Get to Become a Credit Counselor ? The most common degree for Credit Counselors is Bachelor's Degree 47% of Credit Counselors earn that degree. A close second is Associate Degree with 23% and rounding it off is High School Diploma with 15%.

What is the lowest credit score you can have?

300The FICO® Score☉ , which is the most widely used scoring model, falls in a range that goes up to 850. The lowest credit score in this range is 300. But the reality is that almost nobody has a score that low.

How long does debt counseling take?

between three to five yearsDebt counselling usually lasts between three to five years, depending on the amount of debt, the arrangement the debt counsellor is able to negotiate and what you can afford to pay each month.

What does a credit consultant do?

Typically, their counselors are certified and trained in the areas of consumer credit, money and debt management, and budgeting. Counselors discuss your financial situation with you and help you develop a personalized plan to solve your money problems.

What can a debt counselor do?

What does a debt counselor do?Give people personalized financial advice, specifically on how to manage their money and debts more effectively and responsibly.Develop a complete budget analysis of someone's current financial situation.

What is a credit counselors job description?

Credit Counselors. Advise and educate individuals or organizations on acquiring and managing debt. May provide guidance in determining the best type of loan and explain loan requirements or restrictions. May help develop debt management plans or student financial aid packages.

What is the best way to learn about bankruptcy?

There are two types of bankruptcy education you need to complete during the bankruptcy process: Pre-bankruptcy counseling, scheduled before you file, assesses your financial situation and informs you about bankruptcy and alternatives to bankruptcy.

What is post bankruptcy education?

Post-bankruptcy debtor education – also known as debtor education — is a short course required before your debts are discharged. Like the pre-bankruptcy session, these credit counseling courses are delivered by credit counseling agencies approved by the Department of Justice.

What are the steps to bankruptcy?

There are two types of bankruptcy education you need to complete during the bankruptcy process: 1 Pre-bankruptcy counseling, scheduled before you file, assesses your financial situation and informs you about bankruptcy and alternatives to bankruptcy. Often other solutions are available that consolidate your bills, reduce the amount of time needed to pay in full, and even lower your interest rates. The counselor’s role during this session is to provide information about the various debt management solutions that are available but not to make recommendations for or against bankruptcy. 2 Post-bankruptcy debtor education – also known as debtor education — is a short course required before your debts are discharged. Like the pre-bankruptcy session, these credit counseling courses are delivered by credit counseling agencies approved by the Department of Justice. These credit counseling courses provide information on how to manage your personal finances and avoid falling back into deep debt.

Pre-bankruptcy credit counseling certification

If you’re considering bankruptcy, you can get your pre-bankruptcy credit counseling certification in an online course from American Consumer Credit Counseling (ACCC). We’re a non-profit organization and debt management center offering a variety of credit counseling and debt management services to consumers nationwide.

Information needed for a credit counseling certification

When you sign up for online credit counseling certification, you’ll need to have the following information on-hand to complete the session:

Why choose ACCC for your credit counseling certification?

Here’s why you’ll want to choose ACCC over other credit counseling and debt reduction companies for your credit counseling certification:

What is debtorcc counseling?

Each counselor has experience in accounting, financial planning, credit counseling, or personal financial management. The counselors at DebtorCC may answer general questions about bankruptcy but are prohibited from providing legal or tax advice.

How much does it cost to take the first bankruptcy course?

This course is taken before you file for bankruptcy and the cost is $19.95 per household. If you need to register for the Second Bankruptcy Course, which is taken after you file for bankruptcy, please click here.

How long does it take to get a refund for a certificate of completion?

Once a certificate of completion has been generated, there will be no refund granted. A refund requested within 4 months of the initial purchase date will be granted in the same form of payment used to pay for the course.

How to get a refund from DebtorCC?

To obtain a full refund of fees paid to DebtorCC, you may send an email to support@debtorcc.org or call us at 1-800-610-3920. You may only request a refund after you have made payment and before a certificate of completion has been generated. The certificate generation date and time are stamped on the certificate.

Does DebtorCC endorse credit counseling?

Approval does not endorse or assure the quality of a Provider's services. This course is available on the Internet 7 days a week, 24 hours a day, 365 days of the year.

Does bankruptcy affect credit score?

The completion of this credit counseling session will not negatively impact your credit rating. However your credit report or score may be negatively impacted by filing bankruptcy or choosing an alternative to bankruptcy that results in you making less than the contractual payments to your creditors.

What is credit counseling?

The purpose of the credit counseling course is to help a debtor review their finances and make sure that bankruptcy is the appropriate path for them to take. You will receive a certificate at the end of the course. Assuming that you decide to move forward with the bankruptcy filing, you will need to submit this certificate with your bankruptcy ...

How long does it take to get a Chapter 7 certificate?

You will need to submit the certificate within 60 days of the date set for this meeting.

Do you have to meet credit counseling and debtor education separately?

If you are filing a joint petition with your spouse, each of you will need to meet the credit counseling and debtor education requirement separately. There are a few exemptions from this requirement, but they are narrow. For example, a member of the armed forces might be able to get a waiver, as might someone who is filing an emergency bankruptcy ...

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Filers in Alabama and North Carolina

Filers in All Other States and Territories

Approval Process For Credit Counseling and Debtor Education Courses

• In Alabama and North Carolina, the bankruptcy administrator approvescredit counseling and debtor education providers. Lists of approved providers for the six judicial districts in Alabama and North Carolina are maintained by the bankruptcy administrator for that district or bankruptcy court. An entity seeking to become an authorized credit counseli...

See more on uscourts.gov