Cambridge Credit Counseling Services for New Jersey Residents

Credit Counseling and Debt Management Plans in New Jersey#

New Jersey residents can receive free credit counseling sessions from Cambridge Credit Counseling. Counselors are certified and Cambridge Credit Counseling is ISO 9001 registered. Cambridge Credit Counseling is a member of the National Foundation for Credit Counseling. A debt management plan consolidates unsecured debts into one monthly payment handled by the counseling agency. 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.

Housing Counseling for New Jersey Homeowners#

Cambridge Credit Counseling is a HUD-approved housing counseling agency, and New Jersey residents can access first-time homebuyer courses. A mortgage payment usually includes principal, interest, taxes, and insurance, sometimes called PITI, along with private mortgage insurance if the down payment is under 20 percent of the home price. Private mortgage insurance costs vary by lender, generally 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. New Jersey homebuyers who cannot make a 20 percent down payment are encouraged to speak with a HUD-approved housing counseling agency to learn about programs that may help toward homeownership.

Student Loan Counseling in New Jersey#

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

Bankruptcy Counseling and Debtor Education in New Jersey#

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

Reverse Mortgage Counseling in New Jersey#

New Jersey residents considering a reverse mortgage, also called a HECM, can receive reverse mortgage counseling through Cambridge Credit Counseling.

Debt Settlement Is Not Offered by Cambridge Credit Counseling in New Jersey#

Debt settlement means negotiating to pay less than the full balance owed. This is a different service from credit counseling and is typically offered by for-profit companies. Cambridge Credit Counseling is a nonprofit agency and does not provide debt settlement services to New Jersey residents. Its services focus on credit counseling, debt management plans, housing counseling, student loan counseling, reverse mortgage counseling, and bankruptcy counseling.

Cambridge Credit Counseling’s License and Regulator in New Jersey#

Cambridge Credit Counseling Corp operates in New Jersey as a Licensed Debt Adjuster, license number 0518603-C14, regulated by the New Jersey Department of Banking and Insurance Licensing Services Bureau. New Jersey residents can reach Cambridge Credit Counseling for new counseling inquiries at 800-235-1407.

Common questions

What services can New Jersey residents get from Cambridge Credit Counseling?

New Jersey residents can access free credit counseling, debt management plans, housing counseling with first-time homebuyer courses, student loan counseling, reverse mortgage counseling, and bankruptcy counseling with debtor education certificates.

Is credit counseling free for New Jersey residents?

Yes. Credit counseling sessions from Cambridge Credit Counseling are free of charge for New Jersey residents.

Does Cambridge Credit Counseling offer debt settlement in New Jersey?

No. Debt settlement involves negotiating to pay less than what is owed and is typically offered by for-profit companies. Cambridge Credit Counseling is a nonprofit agency and does not provide debt settlement to New Jersey residents.

How much does bankruptcy counseling cost for New Jersey 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.

Where this information comes from

• Mortgage Downpayments| Cambridge Credit cambridge-credit.org Checked 2026-08-04.
• 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.
• Gary Washington, Director of Bankruptcy Counseling, Cambridge Credit Counseling, by email 2 September 2026. Checked 2026-09-02.
• cambridge-credit.org credit counseling page cambridge-credit.org Checked 2026-08-03.
• Cambridge Credit Counseling cambridge-credit.org Checked 2026-08-04.
• cambridge-credit.org about page cambridge-credit.org Checked 2026-08-03.
• cambridge-credit.org contact page cambridge-credit.org Checked 2026-08-03.
• cambridge-credit.org housing counseling page cambridge-credit.org Checked 2026-08-03.
• NFCC Member Agencies register nfcc.org Checked 2026-08-28.
• cambridge-credit.org bankruptcy page cambridge-credit.org Checked 2026-08-03.
• Amy Viale, State Licensing Manager, Cambridge Credit Counseling, by email 2 September 2026. Checked 2026-09-02.
• 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.