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About Apprisen
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Apprisen is a nonprofit organization that provides financial counseling, education and debt management services to individuals and families. It was originally founded in 1955 as the Economy Budget Service Company, the first free credit counseling service in the U.S. The company has since rebranded as Apprisen and offers services in all 50 states.
Pros & Cons
- Fees can be reduced or waived
- Free financial resources
- Limited in-person services
What is Apprisen?
Along with financial counseling and debt management plans, Apprisen offers many free resources, including a debt test to help you determine if you are managing your debt correctly, and financial workshops on topics like retirement planning and managing student loans.
It also offers a free guide on the pre-filing bankruptcy process.
How does Apprisen work?
After a free consultation, one of Apprisen’s financial specialists will work with you to create a budget review and show you how the debt management plan works for your unique situation.
Once you agree on the plan’s terms, you will make one monthly payment to Apprisen, and the company will then send your payments to the creditors. Apprisen works with creditors to create a manageable repayment plan through reduced or stopped interest and fees and lower monthly payments.
Apprisen products and services
Apprisen offers many services — both paid and free — to help individuals find financial freedom. Programs include the following:
Debt management program
Bankruptcy counseling
Propel
Financial coaching
How much does Apprisen cost?
For the debt management program, fees are determined by your state and income. However, you will never pay more than $45 for the one-time setup fee and $45 per month. Additionally, if you are in the midst of financial hardship, fees might be reduced or waived.
Bankruptcy counseling costs $25 for individuals, but it can also be reduced or waived for those suffering financial hardship. Apprisen also offers an in-person post-bankruptcy group workshop that costs $50.
Apprisen FAQ
How long do Apprisen counseling sessions take?
Each session varies by service. Typically, a budget, credit or housing session can range from 60 to 90 minutes both for over-the-phone and in-person counseling.
What should I bring to my Apprisen free consultation?
You will want to bring a list of all your current living expenses, including rent or mortgage payments, car expenses, utility bills and student loan bills. You will also need to bring in stubs from your creditors that are no older than 60 days and a current pay stub and income information.
How is Apprisen funded?
As a nonprofit, Apprisen is funded through grants, donations from financial institutions, voluntary contributions from creditors and client fees.
Will working with Apprisen show up on my credit report?
According to the company, it does not report your financial information to the IRS or any credit reporting agencies.
Is Apprisen legit?
Apprisen is a legitimate company that uses financial specialists who are certified through the National Foundation for Credit Counseling (NFCC). It has a history dating back to 1955 and offers both free and affordable financial counseling and debt management services.
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Apprisen Company Information
- Company Name:
- Apprisen
- Website:
- www.apprisen.com
