Non Profit Debt Management Program

When you contact CredAbility, you will be paired with a personal debt management consultant who will work with you to set specific financial goals and then help you meet them. Every CredAbility credit counselor and debt management consultant is a professionally trained college graduate with expertise in the financial field. CredAbility debt management consultants are certified and undergo regular training to stay on top of the latest industry developments. Counselors are available to speak with you in English or Spanish 24 hours a day, every day, online and by telephone. If you are a Georgia, Florida, Mississippi, or Tennessee resident, a CredAbility counselor can meet with you in person at one of 25 offices.

National Nonprofit Credit Counseling Organization Says Consumers Paid Down $122 Million in Debt in 2010, Most Ever in 47 Years

ATLANTA, GA – Consumers are using Debt Management Plans more than ever to get back on their feet financially. CredAbility reports that in 2010, 27,818 consumers participated in its Debt Management Plans (DMP) and paid back more than $122 million to their creditors. The $122 million is a record for the 47-year-old nonprofit credit counseling organization, and a three percent increase from the $118 million paid back in 2009.

“Many consumers are deciding to take control of their financial lives by working with their creditors to pay down their debt, even if it takes 36 months or longer,” said Vicki Williams, vice president of Debt Management Plan Services for CredAbility. “They realize that this is a more responsible way to reduce debt and rebuild their credit compared to debt settlement or debt consolidation services offered by for-profit companies.”

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