Disclosures & State Licenses
Thank you for visiting the Cambridge Credit Counseling Corp. website. If you reached us by clicking on an advertisement, you’ll find everything you need to know about us here on our website. Please understand that Cambridge is NOT A LOAN COMPANY. WE DO NOT LEND MONEY. We offer FREE financial education and advice to consumers and, when appropriate, identify options and programs available to help them get out of debt.
Our agency is located at 67 Hunt Street, Agawam, Massachusetts 01001. We provide all of our credit counseling services from this office.
We’re currently licensed in each of the states shown below. (Cambridge is exempt from licensure in many other states.) The only state where we do not provide credit counseling services is Minnesota. If you’re from one of those states, we’d be happy to recommend a licensed agency to you, or you could find one in the directory of the Financial Counseling Association of America (FCAA) or the National Foundation for Credit Counseling (NFCC).
If you have any questions regarding compliance, please call (413) 241-2401 or click here to email our Compliance Officer.
Finally, if you’d like to read more about the various kinds of financial counseling services we provide, including credit, housing, student loans, and bankruptcy, simply return to our home page, where you’ll find descriptions of what we do to help consumers every day.
State Licenses
As a national credit counseling agency, Cambridge is required to maintain the appropriate licenses in every state where we conduct business. Although not all states have licensing requirements, below you'll find a list of those that do, along with a link to each of our licenses, when available. We invite you to visit these state agencies to verify our licensing status. We further invite you meet all of our licensed credit counselors and housing counselors employed at Cambridge.
Keep in mind, the name of the particular license varies from state to state and include such titles as "money transmitter", "debt adjuster", "debt management company", "debt management service provider", "credit counseling agency", "credit services organization", "budget planner" and "adjustment service company".
Cambridge ensures that only licensed credit counselors perform credit counseling services, and certain states require additional certifications in order for our licensed credit counselors to perform services on the accounts of consumers from their state.
Alabama Money Transmitter License
Alabama Securities Commission445 Dexter Avenue
Suite 12000
Montgomery, AL 36104
License Number: MT#374
View Alabama LicenseArizona Registered Debt Management Company
Arizona Department of Financial Institutions100 North 15th Avenue
Suite 261
Phoenix, AZ 85007
License Number: DM-0907740
View Arizona LicenseColorado Registered Debt Management Service Provider
Colorado Department of LawConsumer Protection Section, DM
Ralph L. Carr Colorado Judicial Center
1300 Broadway, 6th Floor
Denver, CO 80203
License Number: 000006
View Colorado LicenseConnecticut Licensed Debt Adjuster
Connecticut Department of Banking260 Constitution Plaza
Hartford, CT 06103-1800
License Number: DANP-938355
View Connecticut LicenseDelaware Licensed Debt Management Service
Delaware Department of Consumer ProtectionDepartment of Justice
Consumer Protection Unit
820 N. French Street, 5th Floor
Wilmington, DE 19801
License Number: 07-16
View Delaware LicenseIdaho Authorized Debt/Credit Counseling Agency
Idaho Department of Finance800 Park Blvd
Suite 200
Boise, ID 83712
License Number: CDC-4832
View Idaho LicenseIllinois Licensed and Registered Debt Management Service
Illinois Dept. of Financial and Prof. RegulationDiv. of Financial Inst. Consumer Credit Section
320 W. Washington (Suite 550)
Springfield, IL 62701
License Number: DM.0000228
View Illinois LicenseIndiana Licensed Debt Management Company
Indiana Department of Financial Institutions30 South Meridian St.
Suite 300
Indianapolis, IN 46204
License Number: 10720
View Indiana LicenseIowa Licensed Debt Management Business
Iowa Division of Banking200 East Grand Avenue
Suite 300
Des Moines, IA 50309
License Number: DM-2006-0287
View Iowa LicenseKansas Registered Credit Services Organization
Kansas Office of the State Bank Commissioner700 SW Jackson
Suite 300
Topeka, KS 66603
License Number: CSO.0000031
View Kansas LicenseKentucky Registered Debt Adjuster
Kentucky Office of the Attorney GeneralOffice of Consumer Protection
1024 Capital Center Drive
Suite 200
Frankfort, KY 40601
License Number: File #02
View Kentucky LicenseMaine Registered Debt Management Service
Maine Department of Professional & Financial RegulationBureau of Consumer Credit Protection
35 State House Station
Augusta, Maine 04333-0035
License Number: DMS5616
View Maine LicenseMaryland Licensed Debt Management Service Provider
Maryland Commissioner of Financial Regulation500 North Calvert Street
Room 402
Baltimore, Maryland 21202-3651
License Number: 14-42
View Maryland LicenseMichigan Licensed Debt Management Company
MI Dept. of Insurance and Financial Services530 West Allegan Street
7th Floor
Lansing, MI 48933
(877) 999-6442
Required disclosures
License Number: 0010556
View Michigan LicenseMississippi Licensed Debt Management Service
Mississippi Department of Banking and Consumer FinanceP.O. Box 12129
Jackson, MS 39236-2129
License Number: 22
View Mississippi LicenseMontana Registered Consumer Debt Management Service
Montana Department of JusticeOffice of Consumer Protection
P.O. Box 200151
Helena, MO 59620-0151
License Number: 11-4364
View Montana LicenseNebraska Licensed Debt Management Business
Nebraska Secretary of StateLicensing Division
1201 N Street (Ste 120)
Lincoln, NE 68508
License Number: No Number Issued
View Nebraska LicenseNevada Registered Debt Management Service
State of Nevada Financial Institutions DivisionDepartment of Business and Industry
1830 E. College Parkway, Suite 100
Carson City, NV 89706
License Number: DMSM11012
View Nevada LicenseNew Hampshire Licensed Debt Adjuster
New Hampshire Banking Department53 Regional Drive
Suite 200
Concord, NH 03301
License Number: 13768-DA
View New Hampshire LicenseNew Jersey Licensed Debt Adjuster
New Jersey Department of Banking and InsuranceLicensing Services Bureau
PO Box 473
Trenton, NJ 08625-0473
License Number: L062857
View New Jersey LicenseNew York Licensed Budget Planner
New York State Department of Financial ServicesOne State Street
New York, NY 10004
License Number: BP 102555
View New York LicenseOregon Registered Debt Management Service Provider
Oregon Dept. of Consumer and Business ServicesDivision of Financial Regulations
350 Winter Street NE, Room 410
Salem, OR 97301-3881
License Number: DM-80020
View Oregon LicensePennsylvania Licensed Debt Management Service
Pennsylvania Department of Banking & Securities17 North Second Street, 13th Floor
Harrisburg, PA 17101
License Number: 23256
View Pennsylvania LicenseRhode Island Licensed Debt Management Service
State of Rhode Island Dept. of Business RegulationDivision of Banking
1151 Pontiac Avenue, Bldg. 68-1
Cranston, RI 02920
License Number: 20132893DM
View Rhode Island LicenseSouth Carolina Licensed Credit Counseling Organization
State of South Carolina Dept. of Consumer Affairs293 Greystone Boulevard, Suite 400
Columbia, SC 29210
License Number: CC-0613600-0613600
View South Carolina LicenseTennessee Licensed Debt Management Service
Tennessee Department of Commerce and Insurance500 James Robertson Parkway
9th Floor - Davy Crockett Tower Nashville, TN 37243-0565
License Number: 17
View Tennessee LicenseTexas Registered Debt Management Service Provider
Office of Consumer Credit CommissionerFinance Commission Building
2601 N. Lamar Boulevard
Austin, TX 78705
License Number: 1400000154-125729
View Texas LicenseUS Virgin Islands Registered Debt Management Service Provider
US Virgin Islands Off. of Lt. GovernorBanking, Ins. & Financial Reg.
#5049 Kongens Gade
St. Thomas, USVI 00802
License Number: DMSP-02
View US Virgin Islands LicenseUtah Registered Debt Management Service
Department of CommerceDivision of Consumer Protection
160 East 300 South, Box 146704
Salt Lake City, UT 84114-6704
License Number: 6760639-DBTM
View Utah LicenseVermont Licensed Debt Adjuster
State of VermontDepartment of Financial Regulations 89 Main Street
Montpelier, VT 05620-3101
License Number: DA-28
View Vermont LicenseVirginia Credit Counseling Agency
Bureau of Financial InstitutionsState Corporation Commission
1300 East Main Street, Suite 800
P.O. Box 640
Richmond, VA 23218-0640
License Number: DC-91
View Virginia LicenseWisconsin Licensed Adjustment Service Company
WI Department of Financial Institutions4822 Madison Yards Way
North Tower
Madison, WI 53705
License Number: 272
View Wisconsin LicenseRequired Disclosures
Fees may apply for debt management plans.
We are non profit agency. We’re supported by the monthly fees paid by our clients and we also receive funding/grants from some of the creditors for the counseling and education we provide.
Please note that establishment of a plan may adversely affect an individual's credit rating or credit scores, and that nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation.
VT Licensed Debt Management Service Provider
KS Licensed Debt Management Provider, Registration number CSO.0000031.The Kansas Office of the State Bank Commissioner will accept questions and complaints from consumers regarding Cambridge Credit Counseling Corp. at 700 SW Jackson, Suite 300, Topeka, Kansas, 66603, or by calling toll-free 1-877-387-8532
MD Licensed Debt Management Provider, Registration number 14-42. The commissioner of financial regulation for the state of Maryland will accept questions and complaints from Maryland residents regarding Cambridge (License #14-42) at 500 N. Calvert Street, Room 402, Baltimore, MD 21202-3651, Phone 1-888-784-0136.
Mississippi Licensed Debt Management Service Provider: MS Debt Management License Number 22.
New York Licensed Budget Planner
Due to exemption or the lack of a licensing requirement, Cambridge is also conducting business in the following 18 states:
- Alaska
- Arkansas
- California
- Florida
- Georgia
- Hawaii
- Louisiana
- Massachusetts
- Missouri
- New Mexico
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- South Dakota
- Washington
- West Virginia
- Wyoming
Cambridge is not currently conducting business in the following states/territories:
- Minnesota
- Puerto Rico
WE ARE NOT LAWYERS
We are credit counselors who specialize in providing the information people need to more effectively manage their credit and debt. In the course of a consultation, a responsible counselor should advise you of the options suited to your financial circumstances. Among many alternatives, this can include the liquidation of assets you may have, budget adjustments you might consider making, negotiating with your creditors on your own, enrolling in a debt management plan, or consulting with a bankruptcy attorney. You must bear in mind that our advice is not legal advice, and that our counselors are not authorized to provide such counsel.
According to the Code of Ethics our counselors are sworn to uphold, a counselor should only provide counsel within his or her area of expertise. If your circumstances indicate that you should also consult with a professional in some other area, we'll advise you accordingly.
NO FALSE PROMISES
Our counselors are thoroughly trained and independently certified, so why don't we guarantee that your credit standing will improve if you simply follow our advice? The easy answer is that as a responsible agency, we can't give any kind of guarantee, even though we stand behind the soundness of our advice. It sounds contradictory, but there are two reasons for this we're certain you'll appreciate.
- We can't be with you 24 hours a day to monitor your financial behavior, and;
- Lenders make their own decisions to grant credit, and the decisions they make are based on a number of variables that extend well beyond the scope of our service.
We know what has worked for millions of Americans in the past, and that our advice is echoed by experts throughout the financial services industry, but we can't provide any kind of guarantee.