Cambridge Credit Counseling Services for Kentucky Residents

Credit Counseling and Debt Management Plans in Kentucky#

Kentucky residents can receive free credit counseling from Cambridge Credit Counseling. A debt management plan combines unsecured debts into one monthly payment managed by Cambridge; 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. In some cases they can vary based on the level of hardship in the budget, and certain accounts may not be eligible for them. Cambridge counselors are certified, the agency is ISO 9001 registered, and Cambridge is a member of the National Foundation for Credit Counseling.

Housing Counseling for Kentucky Homeowners#

Cambridge Credit Counseling is a HUD-approved housing counseling agency, and Kentucky residents can use this service for first-time homebuyer courses. A mortgage is a long-term secured loan where the home serves as collateral. Monthly mortgage payments typically include principal, interest, taxes, and insurance, known as PITI, and often private mortgage insurance. Homebuyers who put down less than 20 percent must carry private mortgage insurance, which can cost between 0.15 percent and 2.5 percent of the loan amount and can usually be dropped once the loan reaches an 80 percent loan-to-value ratio. Kentucky residents who cannot afford a 20 percent down payment can contact a HUD-approved agency like Cambridge to check for programs that help toward homeownership.

Student Loan Counseling in Kentucky#

Student loan counseling is available to Kentucky residents through Cambridge Credit Counseling as part of its nonprofit counseling services.

Reverse Mortgage Counseling in Kentucky#

Kentucky residents who are considering a reverse mortgage, also called a HECM, can receive reverse mortgage counseling from Cambridge Credit Counseling.

Bankruptcy Counseling and Debtor Education in Kentucky#

Cambridge Credit Counseling is approved by the Department of Justice to provide pre-filing bankruptcy counseling and post-filing debtor education for Kentucky 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 Is Not Available in Kentucky Through Cambridge Credit Counseling#

Cambridge Credit Counseling does not offer debt settlement to Kentucky 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. Kentucky residents seeking help from Cambridge will find credit counseling, debt management, housing counseling, student loan counseling, reverse mortgage counseling, and bankruptcy counseling instead.

Cambridge Credit Counseling’s Nonprofit Status and License in Kentucky#

Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit organization founded in 1996 and headquartered in Agawam, Massachusetts. In Kentucky, Cambridge is registered as a Debt Adjuster under File #02, regulated by the Kentucky Office of the Attorney General Office of Consumer Protection.

How to Reach Cambridge Credit Counseling#

Kentucky residents can start a new counseling inquiry with Cambridge Credit Counseling by calling 800-235-1407.

Common questions

Is Cambridge Credit Counseling licensed to serve Kentucky residents?

Yes. Cambridge Credit Counseling Corp is registered in Kentucky as a Debt Adjuster, File #02, regulated by the Kentucky Office of the Attorney General Office of Consumer Protection.

Does Cambridge Credit Counseling offer debt settlement in Kentucky?

No. Cambridge Credit Counseling does not offer debt settlement in Kentucky. Debt settlement is a different service, typically offered by for-profit companies, and Cambridge focuses on credit counseling and debt management plans.

Is credit counseling free for Kentucky residents?

Yes. Credit counseling sessions at Cambridge Credit Counseling are free of charge for all consumers, including Kentucky residents.

What housing help can Kentucky residents get from Cambridge Credit Counseling?

Cambridge Credit Counseling is a HUD-approved housing counseling agency that offers first-time homebuyer courses to Kentucky residents.

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.