Cambridge Credit Counseling Corp. was established in 1996 in Massachusetts. Cambridge’s counselors average 13 years experience and have helped hundreds of thousands of people with credit card and debt issues. Cambridge offers aid and education in many debt related fields such as credit card, bankruptcy, student loans, foreclosures, and reverse mortgages. Cambridge also offers a plethora of free financial education resources. These resources include videos, guides, journals, worksheets and calculators. Cambridge also offers free comprehensive credit counseling.

The Good

  • Affordable payment plan
  • Debt management plan

Affordable Plans

Cambridge offers very affordable plans for their debt management plans. The initial cap is set at $75 and the monthly cap is set to $50. On average customers pay an initial fee of $40 and an average monthly subscription of $25.22. Compared to competitors, this is a very affordable plan. Cambridge does not accept all customers, but only those who would benefit from this plan. After a comprehensive credit consultation, it is determined whether the customer would benefit from a debt management plan.

Debt Management Plan

The debt management plan packages all debt into one manageable monthly payment. The customer pays Cambridge, and Cambridge then disburses the funds to all of the creditors. The Cambridge representative will get the lowest possible interest rate possible for the customer. The average customer’s interest is reduced 64%. This makes it possible for the customer to pay off debt at a faster and more efficient pace. On average Cambridge’s clients pay off their debt within 50 months. Cambridge’s clients also save an average of 25% on their monthly payments.

The Bad

  • Credit accounts close
  • Lack of published data

Credit Accounts Closed

After all of the customer’s’ debt is settled all credit accounts are closed. If the customer would still like credit lines through those creditors, they will have to open a new account. This can hurt the customer’s credit score by closing out accounts, especially if the accounts had long history.

Credit Bureaus and Scores

Cambridge Credit Counseling Corp. is not clear to which credit bureaus they work with and how their services can directly benefit your credit score. Cambridge does not have any published data of customers credit score improvement. Cambridge does not offer to help eradicate inaccurate, unverifiable, misleading or unclear items on the customer’s credit report.

The Bottom Line

Cambridge Credit Counseling Corp. is a great resource for free financial education. The website offers videos, worksheets, guides and calculators to help customers be more informed in their financial choices. This makes Cambridge great for people would would like educate themselves in various financial situations. Cambridge also offers a reasonably priced debt management plan. The debt management plan can help lower interest and monthly payments making it easier for customers to pay debt faster. This option would be beneficial for customers who were more interested in settling debt than building up their credit score. Cambridge is not the best option if the customer is solely interested in repairing their credit.

Frequently Asked Questions

How much does Cambridge Credit Counseling Corp. services cost?

The initial fees for setting up a debt management plan with Cambridge can cost as much as $75 and the monthly fee $50. Reportedly, the average initial fee is $40 and the average monthly fee is $25.22 for customers.

Does Cambridge Credit Counseling Corp. allow me to enroll more than one person or my whole family?

Cambridge does not offer multiple enrollments at this time.

How does Cambridge Credit Counseling Corp. repair my credit?

Cambridge works directly with your creditors to lower your interest rate. They package any debt given by the customer into one payment to make it more convenient for the customer to make all their payments on time.

What results can I expect from Cambridge Credit Counseling Corp.?*


  • Cambridge saves their clients an average of 25% on their credit card payments.
  • Cambridge helps reduce client’s’ interest rates by an average of 64%.
  • Customers who use Cambridge pay their debts within 50 months on average.


*Please note that individual results will vary. No company can legally guarantee any result to a client’s credit score. Customers should understand that they may not receive the same results

More Information

How can I contact Cambridge Credit Counseling Corp.?

Phone: (800)235-1407
Email: [email protected]
Office Hours: Monday-Thursday 8:00 am – 8:00 pm EST
Friday 8:00 am – 5:00 pm EST

Price Breakdown

Cambridge bases the price on rules and regulations set by the clients’ state.
Initial fees are capped at $75, and the average customer pays $40.
Monthly fees are capped at $50, and average customer pays $25.22.

How It Works

Step #1: Signup
When you sign up with Cambridge Credit Counseling Corp. you will be given a free credit counseling session. A comprehensive budget review identifying areas of concern will be discussed with a representative. The representative will help you develop short and long-term goals. The representative will also recommend a course of action and provide you with free financial literacy educational materials. If you are eligible, the representative will offer the debt management plan.

Step #2: Debt Management Plan
Once you are enrolled in the debt management plan, your representative will help find a solution best suited to your needs. The representative will package all of the debt you have decided to bundle, and make a monthly payment plan with you. Cambridge strives to get the best interest rates to save their customers money. The representative will continually try to reduce your interest rates.

Step #3: Results
With the reduced rates and one monthly payment, your debt should be paid quicker. Cambridge claims that the average customer is out of debt within 50 months of signing up with the debt management plan. Once the debt has been paid, all credit card accounts will be closed and will have to be reopened by the customer.

What to Expect when Signing up

1. On the Home page, click the green Get Help Now! Button.
2. Fill in the small blue form on the right side of the screen. This form will ask you for your first and last name, email address, contact number, state, zip code, what you need help with and how you heard about Cambridge.
3. Once you are finished with this form click the green Get Help Now! Button. After submitting your form, you can expect to receive an email and a phone call from a Cambridge representative.
4. The representative will offer a free credit counseling. This service gives a comprehensive budget review and helps to identify areas of concern. The representative will help you create short and long-term goals.
5. If you are eligible and choose to, you can enroll in the debt management plan at this time with the representative.

Published Results*

Average monthly savings
Clients save an average of 25% on their monthly payments.
Average reduced interest rates
Clients’ interest rates are reduced by an average of 64%.
Average time to pay off debt
Clients’ debts are paid fully in 50 months on average.

*Please note that individual results will vary. No company can legally guarantee any result to a client’s credit score. Customers should understand that they may not receive the same results

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    February 20th, 2017 Miami, FL

    Cambridge Credit Counseling has been nothing but exceptional when dealing me. Calling them, you always get someone right then or a prompt callback. With your initial phone call, they put you at ease, you tell them you issue and they will fax you forms and when you review and sign and return them, you receive another call to verify- They will take care of EVERYTHING. I cannot tell how pleased I am with Cambridge.

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