Cambridge Credit Counseling Services for Michigan Residents

Debt Management Plans for Michigan Residents#

A debt management plan combines unsecured debts into one monthly payment handled by Cambridge Credit Counseling. It is not a loan and does not involve borrowing new money. Almost all concessions such as lower 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.

Free Credit Counseling in Michigan#

Credit counseling sessions with Cambridge Credit Counseling are free of charge for Michigan residents. Cambridge Credit Counseling counselors are certified, the agency is ISO 9001 registered, and Cambridge Credit Counseling is a member of the National Foundation for Credit Counseling. Michigan residents can call 800-235-1407 to start a free counseling session.

Student Loan Counseling in Michigan#

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

Housing Counseling in Michigan#

Cambridge Credit Counseling is a HUD-approved housing counseling agency, and this service is available to Michigan residents. It includes first-time homebuyer courses. A mortgage is a long-term secured loan where the home itself serves as collateral. A monthly mortgage payment usually includes principal, interest, real estate taxes, and property insurance, known together as PITI, and often private mortgage insurance as well. Homebuyers who put down less than 20 percent of the home’s cost must carry private mortgage insurance, which protects the lender if the borrower defaults. This insurance can usually be dropped once the loan balance reaches 80 percent of the home’s value.

Reverse Mortgage (HECM) Counseling in Michigan#

Reverse mortgage, or HECM, counseling is available to Michigan residents through Cambridge Credit Counseling.

Bankruptcy Counseling and Debtor Education in Michigan#

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 Michigan 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.

Debt Settlement Is Not Offered in Michigan#

Cambridge Credit Counseling does not offer debt settlement to Michigan residents. Debt settlement involves negotiating to pay less than the full balance owed and is a different service from credit counseling, typically offered by for-profit companies. Michigan residents looking for credit counseling, debt management, housing counseling, or bankruptcy counseling can use the services listed above instead.

About Cambridge Credit Counseling#

Cambridge Credit Counseling is a 501(c)(3) nonprofit organization founded in 1996 and headquartered in Agawam, Massachusetts.

How Michigan Residents Can Get Started#

Michigan residents can call Cambridge Credit Counseling at 800-235-1407 to begin a free credit counseling session and learn which services fit their situation.

Common questions

How much does credit counseling cost for Michigan residents?

Credit counseling sessions at Cambridge Credit Counseling are free of charge for Michigan residents.

Does Cambridge Credit Counseling offer debt settlement to Michigan residents?

No. Cambridge Credit Counseling does not offer debt settlement. Debt settlement means paying less than the full balance owed and is a different service, usually offered by for-profit companies, from the credit counseling and debt management services Cambridge Credit Counseling provides.

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.org about page cambridge-credit.org Checked 2026-08-03.
• cambridge-credit.org contact page cambridge-credit.org Checked 2026-08-03.
• Michigan Disclosures | Cambridge Credit cambridge-credit.org Checked 2026-08-04.
• 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.
• Mortgage Basics | Cambridge Credit cambridge-credit.org Checked 2026-08-04.
• 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.
• industry definition, NFCC nfcc.org Checked 2026-08-28.