--- title: "Cambridge Credit Counseling in Virginia" description: "Cambridge Credit Counseling is a nonprofit licensed in Virginia (license DC-91), offering credit counseling, debt management plans, and housing counseling." url: https://www.cambridge-credit.org/debt-help-in-virginia publisher: "Cambridge Credit Counseling Corp" updated: 2026-09-29 --- # Cambridge Credit Counseling in Virginia Cambridge Credit Counseling Corp, a nonprofit credit counseling agency, is licensed in Virginia (license number DC-91), regulated by the Virginia State Corporation Commission Bureau of Financial Institutions. Virginia residents can access debt management plans, credit counseling, student loan counseling, housing counseling, reverse mortgage counseling, and bankruptcy counseling and debtor education certificates through Cambridge Credit Counseling. ## Credit Counseling and Debt Management Plans in Virginia Credit counseling sessions from Cambridge Credit Counseling are free of charge for Virginia 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. On a debt management 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. 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. ## Student Loan Counseling in Virginia Cambridge Credit Counseling offers student loan counseling to residents of Virginia as part of its nonprofit counseling services. ## Housing Counseling in Virginia Cambridge Credit Counseling is a HUD-approved housing counseling agency, and Virginia residents can access first-time homebuyer courses through this service. A mortgage is a long-term secured loan in which the house or property serves as collateral. Monthly mortgage payments typically include principal, interest, real estate taxes, and property insurance, known as PITI, and often private mortgage insurance as well. Homebuyers in Virginia who put down less than 20 percent of the home cost are usually required to carry private mortgage insurance, which can range from 0.15 percent to 2.5 percent of the loan amount and can typically be dropped once the loan reaches an 80 percent loan-to-value ratio. Virginia residents who cannot afford a 20 percent down payment are encouraged to contact a HUD-approved housing counseling agency, such as Cambridge Credit Counseling, to check for programs that may help toward homeownership. ## Reverse Mortgage (HECM) Counseling in Virginia Reverse mortgage counseling is available to Virginia residents through Cambridge Credit Counseling as part of its full range of nonprofit counseling services. ## Bankruptcy Counseling and Debtor Education in Virginia Cambridge Credit Counseling is approved by the Department of Justice to provide pre-filing bankruptcy counseling and post-filing debtor education for Virginia 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 Virginia Cambridge Credit Counseling does not provide debt settlement services to Virginia residents. Debt settlement means negotiating to pay less than the full balance owed. It is a different service from credit counseling and is typically offered by for-profit companies, not by nonprofit credit counseling agencies like Cambridge Credit Counseling. ## License Information for Virginia Cambridge Credit Counseling Corp holds a Credit Counseling Agency license in Virginia, license number DC-91, regulated by the Virginia State Corporation Commission Bureau of Financial Institutions. Virginia residents can verify this license directly with the regulator. ## How to Get Started in Virginia Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit organization founded in 1996 and headquartered in Agawam, Massachusetts. Virginia residents can reach Cambridge Credit Counseling for new counseling inquiries at 800-235-1407. ## Questions and answers ### Is credit counseling free for Virginia residents? Yes. Credit counseling sessions at Cambridge Credit Counseling are free of charge for Virginia residents seeking help with debt or budgeting. ### What license does Cambridge Credit Counseling hold in Virginia? Cambridge Credit Counseling Corp holds a Credit Counseling Agency license, number DC-91, regulated by the Virginia State Corporation Commission Bureau of Financial Institutions. ### Does Cambridge Credit Counseling offer debt settlement to Virginia residents? No. Cambridge Credit Counseling does not offer debt settlement. Debt settlement involves paying less than the full balance owed and is typically offered by for-profit companies, which is different from Cambridge Credit Counseling's nonprofit counseling services. ### How can a Virginia resident start a debt management plan? Virginia residents can call Cambridge Credit Counseling at 800-235-1407 to begin with a free credit counseling session, where a certified counselor can discuss whether a debt management plan fits their situation. ## 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.