Cambridge Debt Consolidation Review: Is It Right for You?
Cambridge Credit Counseling is a reputable nonprofit agency that helps you consolidate debt without taking out loans. With average interest rate reductions from 22% to 8% and transparent fees starting at $42, Cambridge has helped thousands become debt-free in about 50 months.
Start Debt ConsolidationStruggling with multiple debts can feel overwhelming. You need a clear path forward.
Cambridge Credit Counseling Corp might be the solution you’re looking for. The agency has helped thousands eliminate debt without bankruptcy.
Reduce Your Monthly Payments by $150 Today
Cambridge Credit Counseling can lower your interest rates from 22% to 8% and consolidate all your debts into one affordable payment. Get a free debt analysis from a certified counselor now.
Get Free AnalysisHere’s everything you need to know about their services, fees, and results.
What Is Cambridge Credit Counseling?
Cambridge Credit Counseling Corp is a certified nonprofit debt relief agency. The company has operated since 1996.
They specialize in helping you solve debt problems through proven strategies. Their services include:
- Credit counseling
- Debt consolidation
- Debt management plans
- Housing counseling
- Foreclosure intervention
- Reverse mortgage counseling
- Bankruptcy counseling
Cambridge helps you reduce interest rates on your debts. Lower monthly payments mean you clear debt faster.
You get free debt analysis by phone in all 50 states. A certified counselor reviews your situation and recommends the best path.
The agency holds impressive credentials:
- Member of National Foundation for Credit Counseling
- Member of Financial Credit Counseling Association of America
- Approved by US Department of Justice for bankruptcy counseling
- Approved by HUD for mortgage housing services
When you enroll, you can expect:
- Average interest rate reduction from 22% to 8%
- Average monthly payment reduction of $150
- Average debt freedom in 50 months
How Cambridge Debt Consolidation Works
Cambridge offers debt consolidation without requiring a loan. You won’t take on new debt to pay off old debt.
Instead, you make one monthly payment to Cambridge. They distribute the funds to all your creditors.
Your interest rates drop by an average of 64%. You save about 25% on monthly installments.
Most clients become debt-free in approximately 50 months. You avoid bankruptcy while solving your debt problems.
Our partner Cambridge Credit Counseling can create a customized plan for your situation.
Cambridge Fees and Costs
Many debt relief agencies hide fees and charges. Cambridge takes a transparent approach.
You receive free credit counseling to start. An experienced counselor analyzes your debt situation one-on-one.
The free analysis helps you understand all your options. You receive a pre-set budget to guide your decision.
Cambridge determines if debt consolidation fits your needs. Only then do you discuss fees.
Debt management plan fees vary by state:
- Start-up fee: approximately $42
- Monthly fee: approximately $30
These fees reflect state regulations and requirements. You know exactly what you’ll pay before you commit.
Student Loan Consolidation
Cambridge consolidates various unsecured debts. Credit cards and student loans both qualify.
For student loans, you get free overviews and repayment advice. Solutions depend on your loan issuer.
Cambridge seeks these student loan solutions:
- Profession-based repayment plans
- Reduced monthly payments
- Loan cancellation, forgiveness, or discharge
- Income-based repayment plans
You receive a customized report explaining all options. Both private and federal loans are covered.
What Sets Cambridge Apart
Many debt consolidation agencies offer similar services. Cambridge distinguishes itself in key ways.
Transparent Fees
Some agencies claim nonprofit status but charge hidden fees. They require payment for consultations or debt analysis.
Cambridge provides upfront information about all costs. You know the fees after your free review.
Average costs are $40 initially and $30 monthly. State regulations may adjust these amounts slightly.
Free Financial Education
Beyond debt consolidation, Cambridge educates you about money management. The focus is debt management but includes housing and student loans.
You gain skills to avoid future debt problems. Knowledge empowers better financial decisions.
Strong Reviews and Ratings
Cambridge has over 150 verified reviews on ConsumerAffairs. The average rating is 4.9 stars.
Better Business Bureau gives Cambridge an A+ rating. BBB verifies customer reviews and investigates complaints.
Extensive Experience
Cambridge has operated since 1996. The agency has helped thousands overcome debt challenges.
Their counselors average 12 years of experience. You work with professionals who understand debt solutions.
How to Contact Cambridge Credit Counseling
Cambridge operates from Massachusetts but serves all 50 states. You can access services online from anywhere.
Schedule a free consultation with a certified counselor through their website. The site includes accessibility features for people with disabilities.
You can adjust font size, contrast, and colors. Everyone deserves easy access to debt help.
Contact Cambridge by phone:
- New inquiries: 800-235-1407
- Client services: 800-527-7595
You can also send messages online or contact specific departments directly.
Is Cambridge Right for Your Debt Situation?
Cambridge is a well-established agency with excellent client reviews. Free debt review and financial education add significant value.
If you’re struggling with multiple debts, Cambridge offers a solid starting point. Their debt management plans help you regain financial control.
You can get started with Cambridge Credit Counseling today to explore your options.
However, debt consolidation doesn’t solve every problem. Some situations require different approaches.
When Debt Consolidation Isn’t Enough
Debt consolidation works best for manageable debt levels. You need sufficient income to make monthly payments.
If your debt exceeds what you can realistically repay, other options exist. Bankruptcy might provide a better solution for overwhelming debt.
Cambridge also offers bankruptcy counseling if you need it. They help you understand all your choices.
What If You’re Being Sued?
Collection lawsuits require immediate action. You must respond before the court deadline.
Filing an Answer document protects your rights. You increase chances of negotiating better repayment terms.
If you’re facing a lawsuit, our partner Solo can help you respond quickly and correctly.
Making Your Decision
You deserve to live without the stress of overwhelming debt. Cambridge Credit Counseling provides proven solutions.
Their transparent approach and strong track record inspire confidence. Free consultations let you explore options without risk.
Take the first step toward financial freedom today. Your debt-free future is closer than you think.