Non-profit credit counseling and debt management organization offering free credit advice, debt consolidation plans, and HUD-approved housing counseling services.
Editorially reviewed by Harvey Brooks
Cambridge Credit Counseling is a non-profit organization that provides comprehensive financial counseling and debt management services to consumers. The organization operates as a full-service financial counseling agency rather than a for-profit debt settlement or lending company, focusing on education and structured repayment solutions.
The company offers multiple specialized services including free credit counseling, debt management plans (DMP), HUD-approved housing counseling, student loan counseling, reverse mortgage counseling, and bankruptcy education courses. Their primary offering is debt management plans where clients consolidate unsecured debts into a single monthly payment. According to their website, they work with major creditors to negotiate reduced interest rates (claiming average reductions from 29% to 8%) and lower monthly payments (averaging 35% or more savings), with typical repayment timelines of 42 months or less.
Cambridge differentiates itself by being HUD-certified for housing counseling and EOUST-approved for bankruptcy counseling, indicating third-party regulatory validation. They emphasize their team of "nationally certified debt experts" and provide free initial debt evaluations. The organization positions itself as offering "the safest way to eliminate unsecured debts" through legitimate creditor negotiation rather than settlement or litigation-based approaches.
As a non-profit entity, Cambridge Credit Counseling is appropriate for consumers seeking structured debt repayment with professional guidance and creditor negotiation support. However, potential clients should understand that debt management plans require creditor acceptance and work best for those with stable income who can commit to multi-year repayment schedules. The company's claims about interest rate reductions and monthly savings are presented as typical outcomes but individual results will vary based on creditor cooperation and personal financial circumstances.
Yes. Cambridge Credit Counseling Corporation is a registered company headquartered in Agawam, MA. They hold a NR rating with the Better Business Bureau.
Counseling available within 1-2 weeks of contact.
CreditDoc Diagnosis
Cambridge Credit Counseling is best suited for debt-burdened consumers with stable income who want professional creditor negotiation without bankruptcy or settlement approaches, and who can commit to multi-year repayment plans. The main caveat is that debt management plan success depends on individual creditor acceptance of enrollment, and actual interest rate reductions and timeline outcomes will vary significantly from advertised typical results.
NFCC-certified nonprofit offering free credit counseling, debt management plans, housing counseling, and bankruptcy guidance since 1996.
Best for: Consumers carrying high-interest credit card debt who want a structured, creditor-negotiated payoff plan without the risks of debt settlement, Homeowners facing foreclosure or seeking first-time homebuyer education through an HUD-approved agency
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