--- title: "Cambridge Credit Counseling Services for Colorado Residents" description: "Cambridge Credit Counseling, a nonprofit Registered Debt Management Service Provider in Colorado, offers free credit counseling and debt management plans." url: https://www.cambridge-credit.org/debt-help-in-colorado publisher: "Cambridge Credit Counseling Corp" updated: 2026-09-29 --- # Cambridge Credit Counseling Services for Colorado Residents Cambridge Credit Counseling Corp, a 501(c)(3) nonprofit founded in 1996, is a Registered Debt Management Service Provider in Colorado, license number DMG-2000005, regulated by the Colorado Department of Law Consumer Protection Section. Colorado residents can use free credit counseling, debt management plans, student loan counseling, housing counseling, reverse mortgage counseling, and bankruptcy counseling through Cambridge Credit Counseling. ## Cambridge Credit Counseling's Colorado license and regulator In Colorado, Cambridge Credit Counseling Corp operates as a Registered Debt Management Service Provider under license number DMG-2000005. The agency is regulated by the Colorado Department of Law Consumer Protection Section. Colorado residents can verify this license directly with the state regulator. ## Debt management plans and credit counseling in Colorado Colorado residents can receive free credit counseling from Cambridge Credit Counseling. A debt management plan consolidates unsecured debts into one monthly payment administered by the counseling agency. It is not a loan and does not involve borrowing new money. Almost all concessions such as reduced interest rates or waived fees follow preset guidelines set by each creditor, not by Cambridge Credit Counseling. In some cases they can vary based on the level of hardship in the budget, and certain accounts may not be eligible for them. ## Housing counseling for Colorado homeowners Cambridge Credit Counseling is a HUD-approved housing counseling agency, and this service is available to Colorado residents, including first-time homebuyer courses. A mortgage is a long-term secured loan in which the home serves as collateral. Monthly mortgage payments typically include principal, interest, real estate taxes, and property insurance, known as PITI, and often private mortgage insurance as well. Colorado homebuyers who cannot afford a 20 percent down payment can contact a HUD-approved housing counseling agency like Cambridge Credit Counseling to learn whether they qualify for programs that help toward homeownership. ## Understanding private mortgage insurance in Colorado Colorado homebuyers who put down less than 20 percent of a home's cost are typically required to carry private mortgage insurance, which protects the lender if the borrower defaults. This cost can range from 0.15 percent to 2.5 percent of the loan amount, depending on the lender. Once the loan reaches an 80 percent loan-to-value ratio, Colorado homeowners should contact their lender to have private mortgage insurance premiums discontinued. ## Student loan counseling in Colorado Student loan counseling is available to Colorado residents through Cambridge Credit Counseling as part of its nonprofit counseling services. ## Reverse mortgage counseling in Colorado Colorado residents can access reverse mortgage, or HECM, counseling through Cambridge Credit Counseling as one of its available services in the state. ## Bankruptcy counseling and debtor education in Colorado Cambridge Credit Counseling is approved by the Department of Justice to provide pre-filing bankruptcy counseling and post-filing debtor education, and this service is available to Colorado residents. Bankruptcy counseling and debtor education each cost $50.00 per household per session and are available free or at a reduced rate based on ability to pay. The fee is per household, not per person, so a married couple filing together pays once. Households with income below 150 percent of the federal poverty guidelines for their household size are presumed eligible for a fee waiver. Households above that line may still qualify for a reduced fee if they can show a temporary financial hardship, such as a recent job loss or drop in income, unexpected medical costs, disability, separation or divorce, the death of a household wage earner, or another documented financial circumstance that significantly impacts the household's ability to pay. Waivers and reductions are assessed on the household's current income, expenses and overall financial condition, and Cambridge Credit Counseling will not refuse services to anyone due to inability to pay. Approval by the U.S. Department of Justice Executive Office of United States Trustees does not endorse or assure the quality of our services. ## What Cambridge Credit Counseling does not offer in Colorado Cambridge Credit Counseling does not provide debt settlement in Colorado. Debt settlement means negotiating to pay less than the full balance owed, which is a different service from credit counseling and is typically offered by for-profit companies. Cambridge Credit Counseling focuses instead on credit counseling and debt management plans. ## About Cambridge Credit Counseling Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit organization headquartered in Agawam, Massachusetts. It is a member of the National Foundation for Credit Counseling, and its counselors are certified. The agency is ISO 9001 registered. ## Contact Cambridge Credit Counseling for help in Colorado Colorado residents can reach Cambridge Credit Counseling for new counseling inquiries at 800-235-1407. ## Questions and answers ### Is Cambridge Credit Counseling licensed to serve Colorado residents? Yes. Cambridge Credit Counseling Corp is registered in Colorado as a Debt Management Service Provider, license number DMG-2000005, and is regulated by the Colorado Department of Law Consumer Protection Section. ### Does Cambridge Credit Counseling charge for credit counseling in Colorado? No. Credit counseling sessions at Cambridge Credit Counseling are free of charge for Colorado residents. ### Can Colorado residents get help with foreclosure through Cambridge Credit Counseling? No. Cambridge Credit Counseling provides foreclosure help only to residents of Massachusetts, Connecticut, New York, Missouri and Kansas, so Colorado homeowners facing foreclosure can find a HUD-approved housing counselor in their area at HUD.gov. Cambridge Credit Counseling is a HUD-approved housing counseling agency, and first-time homebuyer courses are available to Colorado residents. ### Does Cambridge Credit Counseling offer debt settlement in Colorado? No. Cambridge Credit Counseling does not offer debt settlement. Debt settlement negotiates paying less than the full balance owed and is typically offered by for-profit companies, which is different from Cambridge Credit Counseling's nonprofit credit counseling and debt management plan services. ## Sources - John Henle, Cambridge Credit Counseling, email of 24 September 2026; 28 CFR 58.21(b)(1) and 58.34(b)(1) (checked 2026-09-24) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - cambridge-credit.org credit counseling page: https://cambridge-credit.org/credit-counseling.html (checked 2026-08-03) - Gary Washington, Director of Bankruptcy Counseling, Cambridge Credit Counseling, by email 2 September 2026. (checked 2026-09-02) - Cambridge Credit Counseling: https://cambridge-credit.org/index.html (checked 2026-08-04) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - cambridge-credit.org about page: https://cambridge-credit.org/about.html (checked 2026-08-03) - NFCC Member Agencies register: https://www.nfcc.org/nfcc-member-agencies/ (checked 2026-08-28) - cambridge-credit.org housing counseling page: https://cambridge-credit.org/housing-counseling.html (checked 2026-08-03) - cambridge-credit.org bankruptcy page: https://cambridge-credit.org/bankruptcy-counseling.html (checked 2026-08-03) - cambridge-credit.org about page: https://cambridge-credit.org/about.html (checked 2026-08-03) - cambridge-credit.org contact page: https://cambridge-credit.org/contact.html (checked 2026-08-03) - Cambridge Credit Counseling: https://cambridge-credit.org/index.html (checked 2026-08-04) - Mortgage Basics | Cambridge Credit: https://cambridge-credit.org/mortgage-basics.html (checked 2026-08-04) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - industry definition, NFCC: https://www.nfcc.org/resources/debt-management-plans/ (checked 2026-08-28) - Mortgage Basics | Cambridge Credit: https://cambridge-credit.org/mortgage-basics.html (checked 2026-08-04) - Federal Trade Commission, How To Get Out of Debt: https://consumer.ftc.gov/articles/how-get-out-debt (checked 2026-09-18) - How To Get Out of Debt, Federal Trade Commission: https://consumer.ftc.gov/articles/how-get-out-debt (checked 2026-08-28) - CFPB consumer guidance: https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-credit-counseling-and-debt-settlement-debt-consolidation-or-credit-repair-en-1449/ (checked 2026-08-28) - Mortgage Basics | Cambridge Credit: https://cambridge-credit.org/mortgage-basics.html (checked 2026-08-04) --- Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit credit counseling agency. Credit counseling is free. Talk to a counselor: 800-857-2808 | https://www.cambridge-credit.org/get-help Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit organization. Required disclosures and state licenses, the privacy notice and the terms are linked in the footer of every page.