Beyond the $39 enrollment fee, the most you'll pay is $70 per month, but the average enrollee pays much less. How Does American Consumer Credit Counseling C ompare?ĪCCC's debt management program stands out for its low fee structure.
While those are the only fees associated with the debt management program, you may incur additional costs for using ACCC's other services. Enrolling three accounts would cost $1,047, while enrolling ten or more accounts would cost $3,400. Enrolling a single account at $7 per month for four years would cost a total of $375 (including the $39 enrollment fee). Both the enrollment fee and monthly maintenance fee may be reduced or waived entirely based on your state's regulations or if you are experiencing financial hardship.ĪCCC claims its debt management program lasts three to five years in most cases. After enrollment, you'll pay a monthly maintenance fee of $7 per account, which is capped at $70. If you decide to proceed with the debt management program, you'll pay a one-time $39 enrollment fee. There's no obligation to enroll in any ACCC services following your consultation.
ABACUS CREDIT COUNSELING FREE
How Much Does American Consumer Credit Counseling Cost?ĪCCC provides a free consultation with a certified counselor before you enroll in a debt management or other program. Completing the program as designed will generally eliminate all your enrolled debt. The debt management program is designed to last roughly four years, though how long it takes depends on how much you owe, how much you can pay, and the terms ACCC is able to negotiate with creditors. You'll receive a monthly statement to keep you apprised of the status of all your accounts. Those funds will then be passed on to creditors, ensuring all your payments are made on time. Instead of paying creditors individually, you'll pay all your bills at once by transferring funds to an account with ACCC. However, this can only be done once every five years.Īfter creditors accept proposals for repayment, ACCC will inform them about your debt management plan and become the payer on your accounts. They might also ask your creditors to re-age accounts so they show as current instead of delinquent. The balance of your accounts won't change, but negotiating more favorable terms makes paying them off easier. If you opt into the debt management program, ACCC will negotiate with creditors to reduce your monthly payments by waiving fees, extending repayment periods, and lowering interest rates.
Your counselor will review your finances (including income, expenses, assets and liabilities) and present personalized options to resolve your financial issues. How American Consumer Credit Counseling Worksīefore enrolling in ACCC's debt management program, you'll meet with one of their credit counselors for a free consultation. Its brick and mortar locations have over 13,000 combined reviews on Google, of which over 99.5% provided ratings of four or five stars. The agency has an A+ rating from the Better Business Bureau, with an average customer rating of 4.96 stars out of five, and only four complaints filed in the last three years. According to its most recent annual report (for 2021), ACCC conducted over 26,000 counseling sessions and helped thousands of customers pay off debt and improve their financial literacy.ĪCCC is a member of the National Foundation for Credit Counseling, and is accredited by the Council on Accreditation. The agency also provides online services nationwide. Beyond debt management and credit counseling, ACCC provides counseling on bankruptcies and housing-related issues, as well as debt settlement and debt consolidation services.ĪCCC is headquartered in Auburndale, Massachusetts, and has 26 offices across 17 states and Washington, D.C. Operating since 1991, the agency helps clients deal with unsecured debts such as credit cards and store cards, medical bills, installment loans, and collection accounts. American Consumer Credit Counseling OverviewĪmerican Consumer Credit Counseling (ACCC) is a non-profit agency offering credit counseling, debt relief and financial education services.
See if ACCC and its debt management plan is right for you. One of the best credit counseling services, American Consumer Credit Counseling can help you pay off your balances over time without ruining your credit or adding to your financial burdens. The combination of excessive debt and high interest can overwhelm your personal finances, but if you're struggling to pay off credit cards or other unsecured debt, you have options. Americans have taken on record levels of credit card debt at a time when rising interest rates make such debt more expensive.
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