
Cambridge Credit Counseling Corp. Reviews
67 Hunt Street Agawam, MA
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About Cambridge Credit Counseling Corp.
Based in Massachusetts, Cambridge Credit Counseling Corp. is a nonprofit credit counseling agency that provides financial education and debt management services to consumers. It offers credit counseling, debt management plans, and budgeting and financial education to individuals and families to help them reduce their debts. All counselors must achieve and maintain accreditation through the National Foundation for Credit Counseling.
- Clients are debt-free in under 4 years
- Extensive educational resources
- Free consultation and debt analysis
- Licensed and/or approved in all 50 states
- Fees vary by state
- Must participate in a 30 to 60-minute counseling session
Helpful Reviews
What is Cambridge Credit Counseling Corp.?
Established in 1996, Cambridge Credit Counseling is a 501(c)(3) nonprofit agency that charges low fees for debt consolidation and bankruptcy counseling. It also offers student loan and housing counseling with additional fees. Its Department of Housing and Urban Development-approved housing counseling services include foreclosure intervention, and its bankruptcy counseling is approved by the Department of Justice’s U.S. Trustee Program.
Along with free and low-cost counseling services, Cambridge offers a wide selection of financial literacy resources on its website.
How does Cambridge Credit Counseling Corp. work?
To get started with credit counseling, you will need to speak with one of Cambridge's certified credit counselors. The counselor will perform an in-depth review of your entire financial profile, including your household budget. The counselor then suggests a plan to help you get out of debt quickly and build your savings.
Those who wish to continue using Cambridge for debt consolidation will make monthly payments to Cambridge instead of their creditors. Cambridge will then send out payments to each of the creditors included in the plan. The company claims that its average debt consolidation client saves 25% on their monthly credit card payments and becomes debt-free in around 50 months.
Cambridge Credit Counseling also claims that, on average, it can reduce a client’s interest rate by 14 points, helping clients save an average of $142 per month.
Cambridge Credit Counseling Corp. products and services
Cambridge Credit Counseling offers free credit counseling and budget analysis. For those who need additional help, the debt consolidation and management plan are available.
Other services Cambridge offers include:
- Student loan counseling
- Foreclosure counseling
- Homebuying counseling
- Bankruptcy counseling
Cambridge Credit Counseling Corp. fees
Even though Cambridge Credit Counseling Corp. is a nonprofit organization, it may charge a fee to cover the cost of services. Cambridge works on your behalf to help you become debt-free as fast as possible while only charging a low initial fee and monthly fee, both of which depend on your state.
It charges no fees for its initial financial assessment of your accounts. If you decide to partake in the debt management plan, your price will vary by the regulations set by your state. Cambridge Credit Counseling Corp. charges an average initial fee of $40 and an average monthly fee of $30; its initial and monthly fees are capped at $75 and $50, respectively.
Other services and fees include:
- Bankruptcy counseling: $39 for pre-filing credit counseling briefing and $39 for pre-discharge debtor education course
- First-time homeowner courses: $50 to $100, depending on the course
- Student loan counseling: $39.95
Cambridge Credit Counseling Corp. FAQ
How long will the process take?
Each situation is unique, but the company says that the process takes an average of 48 months or less. You can get a better idea of how long your credit repair might take with the company’s free debt analysis.
Will working with Cambridge Credit Counseling Corp. affect my credit report?
According to FICO, working with Cambridge Credit Counseling Corp. will appear as a neutral mark on your report. However, some lenders might choose to not work with you due to this mark.
Are Cambridge Credit Counseling Corp. services guaranteed?
Cambridge does not mention on its site that its services are guaranteed, but it should cover its refund policy and cancellation policy during your initial analysis.
Still have questions?
Is Cambridge Credit Counseling Corp. legit?
Cambridge Credit Counseling Corp. is a legitimate nonprofit credit counseling that’s a member of the National Foundation for Credit Counseling and the Financial Counseling Association of America. It has been in business since 1996 and has helped many consumers improve their financial situation and become debt-free. You can contact the company to schedule a free debt analysis.
Cambridge Credit Counseling Corp. Reviews
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Cambridge Credit Counseling Corp. Company Information
- Company Name:
- Cambridge Credit Counseling Corp.
- Year Founded:
- 1996
- Address:
- 67 Hunt Street
- City:
- Agawam
- State/Province:
- MA
- Postal Code:
- 01001
- Country:
- United States
- Website:
- www.cambridge-credit.org

