Consumer Credit Counseling Service Debt Management

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					         AMERICAN CONSUMER CREDIT COUNSELING                                            ®

                         The Credit Counseling Professionals



 ACCC® Debt Management Enrollment Application
 Dear Prospective Client:

 Thank you for your interest in American Consumer Credit Counseling®, a non-profit financial counseling agency
 created to help explore and possibly resolve your current financial problems. Complete the enclosed forms
 necessary for enrollment. Please be advised that confidentiality has always and will continue to be paramount to
 us. A one-time processing fee of $35.00, payable upon submission of your application in addition to a monthly
 maintenance fee of $2.00 per account will be applied. We will work with the numbers you provide to create a
 workable family or household budget. You will receive your budget by U.S. Mail in about seven days after we
 receive your information. The analyst who prepares your budget will then wait for your call to discuss options.
 Once you are comfortable with the budget suggested, we will send proposals to creditors on your behalf and the
 process begins. The Creditors are not made aware of your enrollment in our program until you give us
 permission to do so. Because we are a national non-profit consumer credit counseling organization, we are able
 to negotiate benefits from most major creditors on your behalf that you alone could not obtain. Not all creditors
 provide every benefit, but most provide at least one or more which may include: Reduced or Eliminated Interest
 Charges, Reduced Minimum Payments, Elimination of Late Fees, Account Re-Aging, Collection Calls and
 Proceedings Stopped.


 You make only one monthly payment to ACCC®. Your payment is held in a trust account, and your creditors
 receive payment on a monthly basis. You will continue to receive monthly statements from each of your
 creditors, and it is your responsibility to verify receipt of payment as well as accuracy of interest charges. When
 completing the enclosed forms, be sure to print clearly and remember to keep copies for your own records.
 Please do not hesitate to contact us if you require further assistance.


 In order for ACCC to process your application, complete all the enclosed forms. For your convenience a list of
 required documents are listed below. Be sure to check each box below to ensure you have completed all the
 necessary paperwork.


      Client Information Form                                               Limited Power of Attorney
      Accounts Program Form                                                 EFT Authorization
      Debt Management Contract Agreement                                    Payment Processing Form (only if
                                                                              faxing application)


 If you are faxing the information, include a cover sheet to the Attention of New Application. If you are mailing
 your application you do not need to complete the Authorization Agreement for Processing Payment. Be sure to
 include a check along with the application.


 Very truly yours,

 AMERICAN CONSUMER CREDIT COUNSELING, INC. ®
 130 Rumford Ave. Suite 202
 Newton, MA 02466-1316

Please print this document and review it carefully. If you have any questions feel free to call us at 1-800-769-3571.




        130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                          Member of The Association of Independent Consumer Credit Counseling Agencies
                                                       Client Information
First Name & Ml:                                                             Social Security #:
Last Name:                                                                   Date of Birth:
                                                                             Number of People in Household:
Spouse's info if applicable:                                                 Referred From:
First Name & Ml:                                                             Social Security #:
Last Name:                                                                   Date of Birth:
Home Address:                                                                Home Telephone:
City:                                                                        Applicant Daytime Telephone:
State/Zip:                                                                   Spouse Daytime Telephone:
E - m ai l :                                                                 Best Time to Call:
Weekly Net (Take Home) Pay: $                                                Spouse Weekly Net (Take Home) Pay: $
Other Income (Monthly Total): $                                              Spouse Other Income (Monthly Total): $


                                         Cost of Living Expenses & Other Bills
Include all household expenses as accurately as possible. The information you provide will be used to compute your household
budget. Try not to inflate the numbers, but do not underestimate either. Only one number is necessary for each expense, either
per week or per month, not both. If an expense below is automatically deducted from your "Take Home" pay listed above, do
not enter it below.

                                                                                                                                    Totals
                                                                               Per Week        or     Per Month
                                                                                                                               (for ACCC only)
Food (home, work, school, etc.)
Household Items
Clothing
Laundry, Dry Cleaning
Utilities (electric, home oil, and/or home gas, water, trash etc.)
Telephone (cellular, pager, Internet)
Automobile Gas and Maintenance
Education (tuition, school supplies)
Insurance (auto, life, home, etc.)
Entertainment
Child Care/Child Support
Cable TV
Medical (doctors., prescriptions, dentist, etc.)
Personal Care (hair cut, nails, health club etc.)
Children's Activities
Gifts / Contributions
Misc. Other:
Misc. Other:
Rent
Mortgage
Auto Payment (s)
Student Loans




                130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                                  Member of The Association of Independent Consumer Credit Counseling Agencies
                                       Accounts to Enter into the Program
Note: Secured creditors, mortgage, auto loans and student loans cannot be applied. ACCC requires original or copies of statements
for every account added to the program. Some Creditor/Collection agencies do not send statements to you. If statements
are not available, it is imperative that you supply the most accurate account information possible.
This form can be copied to include additional entries. If ALL information is not legible, the application may be returned to you and
cause a delay in processing.


 Creditor:                                                                           Account Number:

 Address:                                                                                       Account Balance:         $

 City                     State        Zip                                                      Minimum Now Due:         $

 Phone Number    (    )           -              Name on account: (circle one) C S J            Current Interest Rate:               %
                                                 (C = Your Name S = Spouse J = Joint)


 Creditor:                                                                           Account Number:

 Address:                                                                                       Account Balance:         $

 City                     State        Zip                                                      Minimum Now Due:         $

 Phone Number    (    )           -              Name on account: (circle one) C S J            Current Interest Rate:               %
                                                 (C = Your Name S = Spouse J = Joint)


 Creditor:                                                                           Account Number:

 Address:                                                                                       Account Balance:         $

 City                     State        Zip                                                      Minimum Now Due:         $

 Phone Number    (    )           -              Name on account: (circle one) C S J            Current Interest Rate:               %
                                                 (C = Your Name S = Spouse J = Joint)


 Creditor:                                                                           Account Number:

 Address:                                                                                       Account Balance:         $

 City                     State        Zip                                                      Minimum Now Due:         $

 Phone Number    (    )           -              Name on account: (circle one) C S J            Current Interest Rate:               %
                                                 (C = Your Name S = Spouse J = Joint)


 Creditor:                                                                           Account Number:

 Address:                                                                                       Account Balance:         $

 City                     State        Zip                                                      Minimum Now Due:         $

 Phone Number    (    )           -              Name on account: (circle one) C S J            Current Interest Rate:               %
                                                 (C = Your Name S = Spouse J = Joint)


 Creditor:                                                                           Account Number:

 Address:                                                                                       Account Balance:         $

 City                     State        Zip                                                      Minimum Now Due:         $

 Phone Number    (    )           -              Name on account: (circle one) C S J            Current Interest Rate:               %
                                                 (C = Your Name S = Spouse J = Joint)


 Creditor:                                                                           Account Number:

 Address:                                                                                       Account Balance:         $

 City                     State        Zip                                                      Minimum Now Due:         $

 Phone Number    (    )           -              Name on account: (circle one) C S J            Current Interest Rate:               %
                                                 (C = Your Name S = Spouse J = Joint)




                130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                                  Member of The Association of Independent Consumer Credit Counseling Agencies
                                 Debt Management Contract Agreement


This Agreement, entered on                            200 , by and between AMERICAN CONSUMER CREDIT COUNSELING®
(ACCC  ®) and ____________________________________ of                                                          ,
hereinafter referred to as CLIENT, agrees as follows:

A. Cost of Program
    1. There is a one-time, non-refundable processing fee of $35.00;
    2. The budget will include a $2.00 maintenance fee, per account, per month; Minimum $5.00; maximum $35.00.

B. ACCC® Responsibilities
    1. ACCC® will act as an intermediary between CLIENT and CLIENT'S creditors for the expressed purpose of negotiating a
       voluntary change in monthly payment amounts and/or interest rates;
    2. ACCC® will prepare a household budget and Debt Management Plan for CLIENT based on information provided by
       CLIENT and the result of negotiations with CLIENT creditors;
    3. ACCC® will collect from CLIENT, in the agreed upon manner and schedule, the funds necessary for monthly disbursements
       to CLIENT'S creditors and shall maintain accurate accounting records of all such funds;
    4. ACCC® shall disburse payments to CLIENT'S creditors as scheduled in CLIENT'S Debt Management Plan;
    5.   ACCC® shall provide budget and credit management counseling as appropriate within CLIENT'S participation in the Debt
         Management Program.

C. CLIENT Responsibilities
    1. CLIENT shall sign (a) a Limited Power of Attorney to permit ACCC® to act on CLIENT'S behalf, and (b) client action plan;
    2.   CLIENT shall provide complete and truthful information necessary to complete all forms required to initiate CLIENT'S
         participation in the Debt Reduction Program;
    3.   CLIENT shall remit, in the agreed upon manner and schedule, the funds necessary for monthly disbursements to
         CLIENT'S creditors;
    4.   CLIENT shall adhere to the household budget prepared by ACCC® for the duration of CLIENT'S participation in the Debt
         Management Program;
    5.   CLIENT shall pay, on demand, all costs of collection, legal expense, and attorney fees incurred or paid by ACCC® in
         collecting delinquent payments and fees pertaining to client's payments to ACCC®; A $10.00 fee will be incurred for checks
         returned by insufficient funds.
    6.   CLIENT acknowledges that ACCC® absorbs most of the expense in enrolling CLIENT into the Debt Management Program
         and subsequently charges the CLIENT only a modest enrollment fee. CLIENT agrees that in order to maintain a high
         standard of quality for all clients, ACCC® may charge CLIENT, at ACCC®'s discretion, up to $10.00 as a fee if CLIENT
         terminates or is terminated from the Debt Management Program prior to CLIENT completing the program.
    7.   ACCC® is a Massachusetts non-profit organization. It is therefore agreed by CLIENT and ACCC® that the jurisdiction
         should any dispute arise between the parties shall be the Commonwealth of Massachusetts and the terms of this
         Agreement shall be governed by the laws, rules and decisions of the Commonwealth of Massachusetts.
    8.   The paragraphs of this Agreement are severable, and in the event any paragraph or portion of the Agreement is declared
         illegal or unenforceable, the remainder of the Agreement shall be binding on ACCC® and CLIENT.

    Failure to comply with the terms of the Agreement shall constitute a breach of contract and will cause ACCC® to drop CLIENT
    from the Debt Management Program. CLIENT'S creditors may resume whatever collection activity they deem appropriate.

Please initial the two items below:

____ I have received a copy of the ACCC® "Consumer Guide" for the Debt Management Program

____ I understand that ACCC® cannot have negative information removed from my credit report

Date: _________________

Client: _______________________________________________ Spouse (if applicable): _____________________________________

City/State): ___________________________________________




               130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                                 Member of The Association of Independent Consumer Credit Counseling Agencies
                                                                                                    Date: ____________________




                                 Limited Power of Attorney



I / We _____________________________________________________ appoint AMERICAN CONSUMER CREDIT

COUNSELING® (ACCC®) to act as my Attorney in Fact and represent me for the sole purpose of negotiating reduced

payments and/or payoff of total balances owed, with my creditors. I/we authorize ACCC® to act on my behalf and agree

to be bound by terms and conditions of any payment arrangements or settlements ACCC ® may negotiate for me/us.

I/we acknowledge that ACCC® has a "Client Privacy Policy" that is available to me upon request or available to be

viewed at ACCC®'s web site. Further, I/we acknowledge that under the Gramm-Leach-Bliley Act, that ACCC® may be
required to release my/our financial information to my creditors for the sole purpose of having my/our creditors accept

my/our monthly payment. I further authorize ACCC® to request and receive confidential credit information from my

creditors and any other source ACCC® deems necessary. In addition, I/we have the right to terminate from the Debt
Management Agreement at any time. I/we am aware that Federal law prohibits creditors from re-aging accounts
more than once in a twelve-month period or twice in a five-year period. Subsequently, creditors' may not be legally
permitted to offer me/us the same benefits of re-aging accounts, lowering interest rates or eliminating late fees

and/or over the limit fees. ACCC® will do its best to work with each Creditor on my/our behalf, but ACCC ® cannot
guarantee the creditors will accept the requested terms.




Client’s Name: _______________________________________________________________________

Spouse's Name: _________________________________________________________________________

Address: ________________________________________________________________________________

Client's Date of Birth: _______________________

Spouse Date of Birth: _______________________

Client's Social Security #: ________________________________

Spouse Social Security: ___________________________________

Client's Signature: ______________________________ ________________________________________

Spouse's Signature: ______________________________________________________________________




     130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                       Member of The Association of Independent Consumer Credit Counseling Agencies
                                             EFT Authorization Form


       I (we) request and authorize AMERICAN CONSUMER CREDIT COUNSELING ® (ACCC®) to automatically deduct
       payments from the checking/savings account at the financial institution (bank) named on the attached voided check or
       savings deposit slip, and I (we) authorize the financial institution holding the checking/savings account to honor the
       deductions. I (we) understand that these deductions will be applied as regular payments under the signed contract with

       ACCC®. The laws of Massachusetts govern ACCC®’s EFT Authorization Agreement. Your funds will be drawn on the

       2nd or 16th day of the month, or the closest weekday prior to the weekend. ACCC® reserves the right to resubmit an
       electronic draft for a second time, should funds from the above-designated dates be returned for insufficient funds. The

       funds will then be disbursed on ACCC®’s next regularly scheduled disbursement date. This process allows our clients

       to avoid further delinquencies with their creditors. This authorization will remain in effect until ACCC ® is paid in full or
       until I (we) submit a cancellation request to ACCC in writing, allowing 30 days to process the request.                    I (we)

       understand that my (our) participation is subject to approval by ACCC®.


         Name(s):



         Social Security #:

         ACCC Client #:

         E-mail Address:

         Scheduled Monthly Payments in program: (*) $

         Effective Date:

         Checking Account #:

         Savings Account #:

         Bank Routing #:

         Bank:

         Bank Address:

         City, State, Zip Code:

         Bank Phone #:


         Applicant(s) Signature(s): ___________________________Date:


         X



* Payment may change depending on individual requirements of each creditor.

EFT SCHEDULE
   If you want your EFT to be drawn on the 2nd of each month, your authorization form must be received by the 26th of the previous
    month
   If you want your EFT to be drawn on the 16th of each month, your authorization form must be received by the 10th of that month.

IMPORTANT REMINDERS
   Be aware that when an account is paid in full, the funds that were allocated to that creditor will be redistributed to a remaining
    creditor on the program, which ACCC deems will be the most beneficial to you. This ensures that your electronic withdrawal will
    remain the same until all accounts are paid in full.
   Attach voided check or deposit slip if mailing. If faxing, copy the voided check or deposit slip and fax to 617-244-1116.



                 130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                                   Member of The Association of Independent Consumer Credit Counseling Agencies
              Authorization Agreement for Payment Processing


In order to process your application, a one-time payment of $35 must accompany your application. If you are
faxing your application this form MUST be completed. If you are mailing, you MUST include a check with your
application.

Automatic Check Payment Program
Authorization Agreement - Processing Payment
Checking Account _______________________________

Check # to use: _________________________________
(if not attaching voided check)

I hereby authorize American Consumer Credit Counseling® to initiate a debit entry to my/our checking account
indicated below, and the bank named below, herein called BANK, to debit the same to such account. I
understand the debit entry will be in the form of a demand draft for payment of the Processing fee for enrollment.
The debit entry shall be a one time only entry in the amount of $35.00.

Bank Name ___________________________________________________________

Phone ________________________________________________________________

Address_______________________________________________________________

City________________________________________________

State ______________________________________________

Zip_______________________________

__________________________________                         ____________________________
Signature (as you sign your checks)                                Date

_______________________________
Name (please print)

*********************************************************************************************************************************
*********************************************************************************************************************************
*********************************************************************************************************************************
Attach Voided Check here or provide following information as it appears on check

Bank Routing # _______________________________
(9 digit # bottom of check on left)

Your Name_____________________________________

Phone ____________________________

Address________________________________________________________________

City____________________________________________________________________

State________________________________________ Zip _____________________




 130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                   Member of The Association of Independent Consumer Credit Counseling Agencies
Consumer Guide
Read carefully and file in a safe place for quick reference.


Service Provided:
The Debt Management Program offered by American Consumer Credit Counseling (ACCC ®) is designed to help you
get back on track and out of debt. ACCC can help guide you to a household budget you can live with while
implementing repayment plans with your creditors that strive to maximize your available resources toward the ultimate
elimination of the balances owed. An ACCC Debt Management Program can help you:
       Consolidate unsecured debt and give you one monthly payment
       Lower payments by as much as 20% to 50%
       Lower or eliminate interest
       Stop late and over-limit fees and re-age past due accounts
       Help avoid collections, wage garnishments, or legal actions
       Help avoid bankruptcy
       Stop harassing creditor phone calls and letters
       Help you regain financial stability

About ACCC:
Founded in 1991, ACCC is a non-profit organization offering confidential debt counseling and education to
consumers. It is our belief that everyone deserves a second chance. ACCC is dedicated to helping people regain
control of their personal finances and plan for the future.
ACCC works with the credit card industry to achieve its goals in the most cost-effective way for all parties. Most of
the funding for our services comes from voluntary contributions by creditors, which enables ACCC to charge
consumers nominal fees. Creditors realize that ACCC clients are serious about repaying their debts in full and are
often enrolled in our program in an effort to prevent their situation from reaching the point where they may need to file
bankruptcy. The strong educational component offered by ACCC Certified Credit Counselors gives our clients a high
success rate and most creditors appreciate the fact that their interests are best served by participating in and supporting
our program.

ACCC Enrollment Process:
 1. Each client will participate in a confidential interview and counseling session with an ACCC Certified Credit
    Counselor. Once it is determined that enrollment in ACCC’s Debt Management Program is the right course of -
    action for the client, the counselor will assist in the completion of the paperwork necessary to initiate the process.
 2. If possible, you should call each of your creditors with open accounts and have your due dates changed to coin-
    cide with our disbursement date. After you have your budget approved, you will call each of your creditors with
    open accounts and close them immediately.
 3. ACCC will submit proposals to your creditors by mail, electronically or fax, as dictated by the creditors. -
    Accepted proposals are recorded promptly, but sometimes creditors either reject or make counter proposals.
    While we have developed good working relationships with many lenders, nationwide, their participation is
    voluntary and we can’t guarantee that every creditor will cooperate. If necessary, new proposals and budgets are
    developed and submitted as quickly as possible. ACCC will make every effort to ensure a smooth and timely
    transition into our Debt Management Program.
 4. After enrollment, you should also refer any creditors to ACCC if they call you or send you demand for payments.
    Tell them you are a client of ACCC and politely redirect their calls to ACCC at (800) 769-3571. Don’t get upset
    if they press you for payment. Calmly reaffirm your rights as a consumer by telling them not to call you anymore
    and repeat the ACCC phone number before hanging up. You should then call ACCC and alert a client services
    representative to the problem, as most creditors will not call us at this point. Dealing with problems head on is an
    important step in reclaiming control of your financial life. Keep a positive attitude when fielding creditor calls.
    You’ve already taken a big step by enrolling in the ACCC Debt Management Program. Don’t let a bump in the
    road throw you off track.
 5. Your responsibility is to make sure you get your monthly payment to ACCC by the due date specified in your
    budget. ACCC is a non-profit entity and is thus regulated as to how we run our Debt Management Program. All
    client disbursements to creditors must be made on specific days of the month. To meet our accounting -
    requirements, your payments have to be deposited to your individual account and the funds must clear prior to
    ACCC’s required disbursement. Late payments will jeopardize your continued participation in the program, so
    make it a policy to ensure funds are available in your account. One final note: Once your proposals have been
    sent to your creditors, all payments must go to ACCC. Do not send payments directly to any creditor as this will
    have an adverse effect on your new payment arrangements.
 6. You will continue to receive monthly statements from your creditors. Open these statements immediately and
    review them for accuracy. This is especially important during the first couple of months when transition errors
     130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                       Member of The Association of Independent Consumer Credit Counseling Agencies
     are most likely to occur. The people working for your creditors are only human and it is better for you to expect
     some mistakes on their end rather than assume that their acceptance of our proposal guarantees they’ll makes the
     changes accurately or in a timely fashion. If your statement indicates a mistake in interest rate, late fees, or any
     other problem, please call ACCC at (800) 769-3571 and press “500” to ask a client service representative to
     address the problem. If you get voice mail, leave a detailed message with your name and client number so we
     can take prompt action and get back to you with the results.
  7. If you have been in the program at least three months and you work overtime or get a bonus or gift and would
     like to apply all or some of it toward reduction of your debt, send the extra money to ACCC with a note
     indicating how you would like the money used. We strongly recommend that you build up a reserve in your trust
     account equal to a minimum of two months of your ACCC monthly payment before you consider making extra
     payments against any creditor accounts. In the event of an unforeseen emergency, this reserve will enable you to
     make sure your payment is available for disbursement and thus protect your continued participation in the
     program. The goal is to eliminate debt in a sensible fashion and to secure a financially stable future. By learning
     to save and build reasonable reserves for the unpredicted events of life, you will be taking important steps toward
     realizing your ultimate success.
  8. Keep good records. If you haven’t done so in the past, now is the time to start. Set up a filing system to keep
     track of all creditor statements and payments to ACCC. Keep receipts for everything you spend money on and
     track your expenses against your budget. Balance your checkbook each month. Keep meticulous track of all
     ATM withdrawals. Know how you’re spending your money. Look for ways to save money on a daily basis. “The
     Dollar Stretcher” newsletter can be a valuable tool in this regard and is available at a reduced price to ACCC
     clients. Saving is the key to enjoying a debt-free future. Open a special savings account and watch your future
     grow.
  9. When one of your account balances has been completely paid off, ACCC will take the allocated payment amount
     and maintenance fee and apply them to the remaining open account bearing the highest interest. Please call if you
     have any questions or other preferences when this happens.
  10. Keep the lines of communication open. If you move or get a new phone number or email address, please notify
     ACCC, either by phone or in writing with your next monthly payment and send your creditors your change of
     address. It is important that your statements continue to go to you, enabling you to monitor your accounts. If you
     experience further financial hardship, call ACCC for additional counseling. We may be able to make adjustments
     in your Debt Management Program or, if your situation is serious enough to warrant it, we can assist you in
     looking into hardship programs and/or filing a bankruptcy petition.

Potential Problems:
Once enrolled with ACCC, your participation in the Debt Management Program could be terminated for one or more
of the following reasons:
  1. False Information — Supplying false or misleading information, including name, social security number, -
      address, date of birth, and the like may be cause for termination.
  2. Non-payment — Two consecutive missed payments to ACCC will result in creditors banning you from the
      program and reinstating late fees and regular interest on your account. Some creditors will drop you after one
      missed payment. Do not miss a payment.
  3. Partial Payment — The payment agreed upon in your proposal is the payment your creditors will accept. Partial
      payments put you at the same risk as non-payment.
  4. Accumulating New Debt — Once a creditor has accepted lower payments or reduced interest, they will not look
      favorably upon the accumulation of new debt. Increasing your debt may be viewed by your creditors as a danger
      signal of a likely future bankruptcy or as an indicator of fraud in your representation of financial hardship.
      Exception: the purchase of an automobile or home if it is offset in your budget by a previous automobile and
      mortgage or rent. It is best to talk with your counselor before taking on any new financial obligations.
  5. Direct Payment to Creditors — Once you approve your budget with ACCC and your creditors accept our
      proposals, all payments must go to ACCC. Do not send payments directly to any creditor as this will have an
      adverse effect on your new payment arrangements and may lead to termination of program participation by your
      creditor.
  All payments should be sent to:
                                      AMERICAN CONSUMER CREDIT COUNSELING
                                               130 Rumford Ave., Suite 202
                                                 Newton, MA 02466-1316
                                                       800-769-3571
                                                       617-559-5700
                                                    Fax: 617-244-1116
                                                   www.consumercredit.com




     130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                       Member of The Association of Independent Consumer Credit Counseling Agencies
Your Credit Rating:
ACCC does not have any control over how your creditors report
your accounts to the various credit reporting agencies. In some cases, your creditor may make a notation that it is
being paid by a credit counseling service. This does not constitute an automatic derogatory credit score but there is
always the possibility it may be viewed as a blemish by a future creditor. If your payments have been late in the past,
enrollment in the ACCC Debt Management Program will have a positive effect on your credit rating by eliminating
late fees and re-aging accounts. This is another reason to get your monthly payment to ACCC on time. While
eliminating your debt, you can be improving your credit rating enough to have a positive effect on your interest rate
when you’re ready to buy a new car or home.
Collection Accounts: While most creditors will allow for payment arrangements, they may not remove the collection
status notation on your credit report or they may do so after the account is paid in full.
Charge-off Accounts: Some creditors will allow ACCC to make a payment arrangement against an account which
has been “written off” as uncollectable. You may want to contact such a creditor and explore the option of having the
account removed from charge-off status.
Legal Accounts: If an account has been assigned to an attorney, ACCC can’t handle it unless the creditor will assume
control of the account from the lawyer and allow ACCC to make payment arrangements with them. If a judgement
has already been filed, you must make payment arrangements directly with the lawyer. Once you have completed your
Debt Management Program, you should continue to be aware of your credit rating and what you can do to improve it.
Because there are so many different risk scores with an equal variety of purposes, it is difficult to say how you can
change any specific risk score. However, increasing the “good” elements of your credit report and decreasing the
“bad” elements are likely to have a positive impact.
Note: ACCC cannot have negative information removed from your credit report. Only your creditor can change
negative information. ACCC does not offer credit repair, nor will enrollment in the Debt Management Program
remove past negative information from your credit report.




     130 Rumford Ave., Suite 202 Newton, MA 02466-1316 Phone: 1-800-769-3571 Fax: 1-617-244-1116 www.consumercredit.com
                       Member of The Association of Independent Consumer Credit Counseling Agencies

				
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Description: Consumer Credit Counseling Service Debt Management document sample