Cambridge Credit Counseling Services for Iowa Residents

Cambridge Credit Counseling’s License in Iowa#

Cambridge Credit Counseling Corp holds a Debt Management License in Iowa, regulated by the Iowa Division of Banking, license number DM-2006-0287. Iowa residents can verify this license directly with the state regulator.

Debt Management Plans for Iowa Residents#

Iowa residents working with Cambridge Credit Counseling can enroll in a debt management plan, which consolidates unsecured debts into one monthly payment administered by the 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.

Credit Counseling for Iowa Residents#

Credit counseling sessions for Iowa residents are free of charge. Cambridge Credit Counseling is a member of the National Foundation for Credit Counseling, and its counselors are certified. The agency is also ISO 9001 registered.

Housing Counseling for Iowa Residents#

Iowa residents have access to housing counseling through Cambridge Credit Counseling, a HUD-approved housing counseling agency. This includes first-time homebuyer courses. Homebuyers in Iowa who cannot afford a 20 percent down payment are encouraged to contact a HUD-approved housing counseling agency to learn whether they qualify for programs that help toward homeownership.

• A mortgage is a long-term secured loan where the home serves as collateral.
• A monthly mortgage payment usually includes principal, interest, taxes, and insurance, known as PITI, and sometimes private mortgage insurance.
• Private mortgage insurance is required when a down payment is less than 20 percent, and it can often be removed once the loan-to-value ratio reaches 80 percent.
• Private mortgage insurance costs typically range from 0.15 percent to 2.5 percent of the loan amount, depending on the lender.

Bankruptcy Counseling and Debtor Education in Iowa#

Cambridge Credit Counseling is approved by the Department of Justice to provide pre-filing bankruptcy counseling and post-filing debtor education for Iowa 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.

Student Loan and Reverse Mortgage Counseling in Iowa#

Iowa residents can also receive student loan counseling and reverse mortgage, or HECM, counseling through Cambridge Credit Counseling as part of its full range of nonprofit counseling services.

What Cambridge Credit Counseling Does Not Offer in Iowa#

Cambridge Credit Counseling does not provide debt settlement services to Iowa residents. Debt settlement means negotiating to pay less than the full balance owed, and it is a different service from credit counseling, typically offered by for-profit companies. Iowa residents should understand this distinction when comparing options.

How to Get Started in Iowa#

Iowa residents who want to speak with Cambridge Credit Counseling about counseling options can call 800-235-1407 for new inquiries.

Common questions

Is Cambridge Credit Counseling licensed to serve Iowa residents?

Yes. Cambridge Credit Counseling Corp holds a Debt Management License in Iowa, regulated by the Iowa Division of Banking under license number DM-2006-0287.

Does Cambridge Credit Counseling charge Iowa residents for credit counseling sessions?

No. Credit counseling sessions for Iowa residents are free of charge, as they are for all Cambridge Credit Counseling clients nationwide.

Can Iowa residents get help with foreclosure or buying a first home?

Yes. Cambridge Credit Counseling is a HUD-approved housing counseling agency and offers first-time homebuyer courses to Iowa residents. Cambridge Credit Counseling provides foreclosure help only to residents of Massachusetts, Connecticut, New York, Missouri and Kansas, so Iowa homeowners facing foreclosure can find a HUD-approved housing counselor in their area at HUD.gov.

Does Cambridge Credit Counseling offer debt settlement to Iowa residents?

No. Cambridge Credit Counseling does not offer debt settlement, which involves negotiating to pay less than the full balance owed. That service differs from credit counseling and is typically offered by for-profit companies.

Where this information comes from

• 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 cambridge-credit.org Checked 2026-08-04.
• cambridge-credit.org credit counseling page cambridge-credit.org 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 cambridge-credit.org Checked 2026-08-04.
• cambridge-credit.org about page cambridge-credit.org Checked 2026-08-03.
• NFCC Member Agencies register nfcc.org Checked 2026-08-28.
• cambridge-credit.org housing counseling page cambridge-credit.org Checked 2026-08-03.
• cambridge-credit.org bankruptcy page cambridge-credit.org Checked 2026-08-03.
• cambridge-credit.org contact page cambridge-credit.org Checked 2026-08-03.
• Mortgage Basics | Cambridge Credit cambridge-credit.org Checked 2026-08-04.
• industry definition, NFCC nfcc.org Checked 2026-08-28.
• Federal Trade Commission, How To Get Out of Debt consumer.ftc.gov Checked 2026-09-18.
• How To Get Out of Debt, Federal Trade Commission consumer.ftc.gov Checked 2026-08-28.
• CFPB consumer guidance consumerfinance.gov Checked 2026-08-28.