Cambridge Credit Counseling Services for Nevada Residents

Credit Counseling and Debt Management Plans in Nevada#

Nevada residents can receive free credit counseling sessions 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. On a plan, 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 and Homebuyer Help in Nevada#

Cambridge Credit Counseling is a HUD-approved housing counseling agency, and this service is available to Nevada residents, including first-time homebuyer courses. A mortgage is a long-term secured loan in which the house or property serves as collateral. A monthly mortgage payment typically includes principal, interest, real estate taxes, and property insurance, known as PITI, and often also private mortgage insurance.

Homebuyers in Nevada who put down less than 20 percent are required to carry private mortgage insurance, which protects the lender if the borrower defaults. This insurance cost can range from 0.15 percent to 2.5 percent of the loan amount and usually can be eliminated once the loan reaches an 80 percent loan-to-value ratio. At that point, the homeowner should tell the lender to discontinue the premiums. Nevada residents who cannot afford a 20 percent down payment are advised to contact a HUD-approved housing counseling agency to see if they qualify for special homeownership programs.

Reverse Mortgage Counseling in Nevada#

Reverse mortgage, or HECM, counseling is available to Nevada residents through Cambridge Credit Counseling as part of its housing counseling services.

Bankruptcy Counseling and Debtor Education in Nevada#

Cambridge Credit Counseling is approved by the Department of Justice to provide pre-filing bankruptcy counseling and post-filing debtor education, and these services are available to Nevada 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 Counseling in Nevada#

Nevada residents can also receive student loan counseling from Cambridge Credit Counseling as part of its full range of nonprofit services.

What Cambridge Credit Counseling Does Not Offer in Nevada#

Cambridge Credit Counseling does not offer debt settlement to Nevada residents. 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.

Nevada Registration Information#

Cambridge Credit Counseling Corp is registered in Nevada under a Debt Management Services Registration, number DMSM11012, regulated by the State of Nevada Financial Institutions Division, Department of Business and Industry, to serve Nevada residents.

About Cambridge Credit Counseling#

• Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit organization founded in 1996 and headquartered in Agawam, Massachusetts.
• Cambridge Credit Counseling is a member of the National Foundation for Credit Counseling (NFCC).
• Cambridge Credit Counseling counselors are certified and the agency is ISO 9001 registered.
• Nevada residents can reach Cambridge Credit Counseling for new counseling inquiries at 800-235-1407.

Common questions

Is Cambridge Credit Counseling registered to help Nevada residents?

Yes. Cambridge Credit Counseling Corp is registered in Nevada under a Debt Management Services Registration, number DMSM11012, regulated by the State of Nevada Financial Institutions Division, Department of Business and Industry.

Does Cambridge Credit Counseling offer debt settlement to Nevada residents?

No. Debt settlement means negotiating to pay less than the full balance owed and is typically offered by for-profit companies. Cambridge Credit Counseling is a nonprofit agency and does not offer this service.

How much does credit counseling cost for Nevada residents?

Credit counseling sessions at Cambridge Credit Counseling are free of charge for Nevada residents, as they are for consumers nationwide.

What happens on a debt management plan for Nevada residents?

A debt management plan consolidates unsecured debts into one monthly payment administered by Cambridge Credit Counseling. It is not a loan. Almost all concessions like lower interest rates follow preset guidelines set by each creditor, not by Cambridge Credit Counseling, and certain accounts may not be eligible for them.

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.