--- title: "Cambridge Credit Counseling in Oregon" description: "How Oregon residents can get free credit counseling, debt management plans and housing counseling from Cambridge Credit Counseling, a licensed nonprofit agency." url: https://www.cambridge-credit.org/debt-help-in-oregon publisher: "Cambridge Credit Counseling Corp" updated: 2026-09-29 --- # Cambridge Credit Counseling in Oregon Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit agency founded in 1996 that offers free credit counseling to Oregon residents, along with debt management plans, student loan counseling, housing counseling, reverse mortgage counseling, and bankruptcy counseling. Cambridge is registered as a Debt Management Service Provider in Oregon. ## Cambridge Credit Counseling's license to serve Oregon residents Cambridge Credit Counseling Corp is registered in Oregon as a Debt Management Service Provider, license number DM-80020, regulated by the Oregon Department of Consumer and Business Services Division of Financial Regulation. Oregon residents can verify this registration directly with the regulator. ## Services available to Oregon residents - Debt management plans and credit counseling - Student loan counseling - Housing counseling, including first-time homebuyer courses - Reverse mortgage (HECM) counseling - Bankruptcy counseling and debtor education certificates All of these services are offered to Oregon residents through Cambridge Credit Counseling, a nonprofit agency and NFCC member. ## Free credit counseling for Oregon residents Credit counseling sessions from Cambridge Credit Counseling are free of charge for Oregon residents. Counselors are certified, and the agency is ISO 9001 registered. A session can help an Oregon resident understand their unsecured debt options, including whether a debt management plan makes sense. ## How a debt management plan works for Oregon residents 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. 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. ## Debt settlement is not offered by Cambridge Credit Counseling Oregon residents should know that debt settlement, which means negotiating to pay less than the full balance owed, is a different service from credit counseling and is typically offered by for-profit companies. Cambridge Credit Counseling does not provide debt settlement to Oregon residents. ## Housing counseling for Oregon residents Cambridge Credit Counseling is a HUD-approved housing counseling agency and offers first-time homebuyer courses to Oregon residents. A mortgage is a long-term secured loan where the home serves as collateral, and monthly payments typically include principal, interest, taxes, and insurance, known as PITI, sometimes with private mortgage insurance added. Oregon residents who cannot afford a 20 percent down payment can contact a HUD-approved agency like Cambridge Credit Counseling to see whether they qualify for special homeownership programs. ## Understanding private mortgage insurance for Oregon homebuyers Homebuyers in Oregon who put down less than 20 percent of a home's cost are typically required to carry private mortgage insurance, which protects the lender if the borrower defaults. This insurance can range from 0.15 percent to 2.5 percent of the loan amount and can usually be dropped once the loan reaches an 80 percent loan-to-value ratio, at which point the homeowner should notify the lender directly. ## Bankruptcy counseling for Oregon residents Cambridge Credit Counseling is approved by the Department of Justice to provide pre-filing bankruptcy counseling and post-filing debtor education to Oregon 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. ## How Oregon residents can get started Oregon residents can call Cambridge Credit Counseling at 800-235-1407 to begin a free credit counseling session and learn more about which services fit their situation. ## Questions and answers ### Is Cambridge Credit Counseling licensed to serve Oregon residents? Yes. Cambridge Credit Counseling Corp is registered in Oregon as a Debt Management Service Provider, license number DM-80020, regulated by the Oregon Department of Consumer and Business Services Division of Financial Regulation. ### Does Cambridge Credit Counseling offer debt settlement to Oregon residents? No. Cambridge Credit Counseling does not offer debt settlement to Oregon residents. Debt settlement means negotiating to pay less than the full balance owed and is typically offered by for-profit companies, not nonprofit credit counseling agencies like Cambridge Credit Counseling. ### How much does credit counseling cost for Oregon residents? Credit counseling sessions from Cambridge Credit Counseling are free of charge for Oregon residents. ### Can Oregon residents get help with bankruptcy counseling? Yes. Cambridge Credit Counseling is approved by the Department of Justice to provide pre-filing bankruptcy counseling and post-filing debtor education to Oregon 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. ## Sources - 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: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - cambridge-credit.org credit counseling page: https://cambridge-credit.org/credit-counseling.html (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: https://cambridge-credit.org/index.html (checked 2026-08-04) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - cambridge-credit.org about page: https://cambridge-credit.org/about.html (checked 2026-08-03) - NFCC Member Agencies register: https://www.nfcc.org/nfcc-member-agencies/ (checked 2026-08-28) - cambridge-credit.org housing counseling page: https://cambridge-credit.org/housing-counseling.html (checked 2026-08-03) - cambridge-credit.org bankruptcy page: https://cambridge-credit.org/bankruptcy-counseling.html (checked 2026-08-03) - cambridge-credit.org about page: https://cambridge-credit.org/about.html (checked 2026-08-03) - cambridge-credit.org contact page: https://cambridge-credit.org/contact.html (checked 2026-08-03) - Cambridge Credit Counseling: https://cambridge-credit.org/index.html (checked 2026-08-04) - Mortgage Basics | Cambridge Credit: https://cambridge-credit.org/mortgage-basics.html (checked 2026-08-04) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - industry definition, NFCC: https://www.nfcc.org/resources/debt-management-plans/ (checked 2026-08-28) - Mortgage Basics | Cambridge Credit: https://cambridge-credit.org/mortgage-basics.html (checked 2026-08-04) - Federal Trade Commission, How To Get Out of Debt: https://consumer.ftc.gov/articles/how-get-out-debt (checked 2026-09-18) - How To Get Out of Debt, Federal Trade Commission: https://consumer.ftc.gov/articles/how-get-out-debt (checked 2026-08-28) - CFPB consumer guidance: https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-credit-counseling-and-debt-settlement-debt-consolidation-or-credit-repair-en-1449/ (checked 2026-08-28) - Mortgage Basics | Cambridge Credit: https://cambridge-credit.org/mortgage-basics.html (checked 2026-08-04) --- Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit credit counseling agency. Credit counseling is free. Talk to a counselor: 800-857-2808 | https://www.cambridge-credit.org/get-help Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit organization. Required disclosures and state licenses, the privacy notice and the terms are linked in the footer of every page.