The National Foundation for Credit Counseling (NFCC), founded in 1951, is the largest and longest-serving nonprofit financial counseling organization in the United States. NFCC member agencies provide access to
financial counseling services for consumers. The headquarters is in
Washington, DC
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.
Rebecca Steele is the President and CEO.
Services
NFCC member agencies provide financial reviews and education to more than a million consumers each year in person, over the phone, or online. Every NFCC member agency client receives comprehensive money management services based on their individual needs. NFCC member agencies provide a variety of services including:
* Credit/Debt Counseling
* Bankruptcy Counseling
* Housing Counseling- includes first-time homebuyers, reverse mortgage counseling, foreclosure prevention,
*
Debt Management Plans
* Credit Report Reviews
* Financial Education
* Additionally, one-third of NFCC members are multi-service agencies specializing in community-based social service programs such as youth mentoring, foster care, and substance abuse programs.
The NFCC provides counselor certification for nonprofit credit counselors employed by their member agencies in the areas of credit card debt, student loans, housing and small business owners coaching.
Consumers who seek help figuring out how to repay their debts or reach their financial goals contact the NFCC for assistance with their financial services needs, including
credit counseling
Credit counseling (known in the United Kingdom as Debt counseling) is commonly a process that is used to help individual debtors with debt settlement through education, budgeting and the use of a variety of tools with the goal to reduce and ultima ...
,
bankruptcy,
financial education
Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus of state-run prog ...
, and
housing
Housing, or more generally, living spaces, refers to the construction and assigned usage of houses or buildings individually or collectively, for the purpose of shelter. Housing ensures that members of society have a place to live, whether i ...
counseling. NFCC member agencies set their own fees and fees vary based on state regulations. The NFCC provides funding for scholarships based on display of need of the consumer.
The NFCC has member offices in every state and U.S. territory, including Puerto Rico and the District of Columbia.
Standards
Every NFCC member agency is accredited by the
Council on Accreditation (COA) to ensure standards are maintained as a nonprofit financial counseling agency. COA is an independent, third party, nonprofit accrediting organization.
See also
*
Credit counseling
Credit counseling (known in the United Kingdom as Debt counseling) is commonly a process that is used to help individual debtors with debt settlement through education, budgeting and the use of a variety of tools with the goal to reduce and ultima ...
*
Debt settlement
Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results c ...
International expansion
In 2017 the NFCC extended its service beyond the United States by adding its first International Affiliate. The Credit Counselling Society, Canada's largest non-profit credit counseling organization, became the first International Affiliate after becoming certified by the Council on Accreditation (COA).
References
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Non-profit organizations based in Maryland