Would it help to talk this through?
A certified counselor will go through your own numbers with you. The session is free.
How Cambridge Credit Counseling’s Debt Management Plan Can Help#
Cambridge Credit Counseling offers free credit counseling to people who are having trouble paying credit card and other unsecured bills. Our typical client makes one simple, lower payment every month instead of paying all the accounts on their debt management plan separately over the course of the month. If you enroll in a debt management plan through Cambridge Credit Counseling, one of the most significant benefits creditors may extend is a reduction in your credit card interest rate. Other possible creditor concessions on a Cambridge Credit Counseling debt management plan include bringing past due accounts current and reducing or waiving late and over limit fees.
How Concessions Work on a Cambridge Credit Counseling Plan#
On a Cambridge Credit Counseling debt management plan, the terms of the concessions are set by the credit card companies, not by us. There are preset guidelines and concessions the credit card companies offer which we have programmed in our systems. There are no negotiations happening. We can present the benefits and concessions before you sign up for the plan. In some cases concessions and benefits can vary based on the level of hardship in the budget. In some cases certain accounts may not be eligible for the concessions and benefits.
What to Do Next#
Cambridge Credit Counseling offers a free counseling session to review your credit card debt and talk through what options may be available to you. Reaching out for that free session is a simple first step toward understanding whether a debt management plan could help with your credit card interest rates.
Common questions
Can I ask my credit card company for a lower rate on my own?
Yes. You can call your credit card company directly. Creditors sort applicants into levels such as A, B, C, and D credit, and those with the best credit and payment history typically qualify for lower rates.
What is a debt management plan through Cambridge Credit Counseling?
It is a plan where Cambridge Credit Counseling works with your creditors to put in place the concessions they offer under preset guidelines, such as reduced interest rates, bringing past due accounts current, or reducing late and over limit fees. There are no negotiations happening.
Does Cambridge Credit Counseling guarantee my rate will be lowered?
No. Concessions on a debt management plan follow preset guidelines set by the credit card companies, not by Cambridge Credit Counseling. In some cases concessions and benefits can vary based on the level of hardship in the budget. In some cases certain accounts may not be eligible for the concessions and benefits. We can present the benefits and concessions before you sign up.
Is talking to Cambridge Credit Counseling free?
Yes. Cambridge Credit Counseling offers credit counseling as a free service for people having difficulty paying credit card and other unsecured bills.
Where this information comes from
- How To Get Out of Debt, Federal Trade Commission consumer.ftc.gov Checked 2026-08-28.
- Christopher Viale, President and Chief Executive Officer, Cambridge Credit Counseling Corp, written brief by email 2 September 2026. Checked 2026-09-02.
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- Equal Credit Opportunity Act: What It Protects | Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
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- Credit Card Protection Insurance: Worth It? | Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
- SCRA Rights for Active Duty Members | Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
- First-Time Homebuyer Education Courses at Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
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