Financial Press Releases

Here you can read our most recent news releases about our organization and search our archives.

On May 26, 2010, the agency changed its name to CredAbility. News releases prior to this date refer to the agency’s original name, Consumer Credit Counseling Service (CCCS) of Greater Atlanta.

CredAbility Announces the Launch of Online Financial Capability Tools, Wednesday, December 21, 2011
The Citi Foundation has awarded a $275,000 grant to CredAbility to develop and offer new online financial education programs to nonprofit community organizations seeking to improve the financial capability of the low- to moderate-income individuals and households that they serve.

Veterans Serving Veterans: New CredAbility Credit Counseling Team to Help Military Service Members Tackle Debt, Tuesday, November 08, 2011
CredAbility today announced two important initiatives to address the needs of US service members and their families who may be struggling with credit card debt, possible foreclosure or other financial problems.

CredAbility Selected by HUD to Help Homeowners With Reduced Income Apply for Federal Funds to Avoid Foreclosure, Monday, June 20, 2011
CredAbility, a national nonprofit credit counseling agency, has been selected by the U.S. Department of Housing and Urban Development (HUD) to accept applications from homeowners in 17 states for the new Emergency Homeowners’ Loan Program (EHLP). This program will provide $1 billion to help an estimated 30,000 homeowners in 27 states and Puerto Rico avoid foreclosure. Homeowners can contact CredAbility today at www.CredAbility.org, or by calling 800.984.0979 to begin the qualification process. Applications will be available soon and will be accepted until July 22.

Consumers on CredAbility’s Debt Management Plans Repay Record Amount in 2010, Tuesday, April 26, 2011
Consumers are using Debt Management Plans more than ever to get back on their feet financially. CredAbility reports that in 2010, 27,818 consumers participated in its Debt Management Plans (DMP) and paid back more than $122 million to their creditors. The $122 million is a record for the 47-year-old nonprofit credit counseling organization, and a three percent increase from the $118 million paid back in 2009.

Homeowners in Default on Reverse Mortgage Loans Can Call CredAbility for Free Financial Counseling, Thursday, January 27, 2011
Homeowners with reverse mortgage loans who are in default on their property taxes or homeowners’ insurance payments can contact CredAbility to receive free financial counseling.

CredAbility President Suzanne Boas, National Leader in Nonprofit Credit Counseling, Announces Retirement, Thursday, January 20, 2011
Suzanne Boas has announced that she will retire as President of CredAbility, effective June 30, 2011.

CredAbility To Acquire Consumer Credit Counseling Service Assets of Compass of Carolina, Friday, September 24, 2010
CredAbility, one of the leading nonprofit credit counseling and education agencies in the United States, today announced an agreement to acquire the Consumer Credit Counseling Service (CCCS) program of Compass of Carolina, a multi-service nonprofit agency based in Greenville, South Carolina. All other services of Compass of Carolina will remain with Compass.

CredAbility to Move Headquarters to 270 Peachtree Street in Downtown Atlanta, Thursday, September 16, 2010
CredAbility today announced that it will move its downtown Atlanta headquarters to 270 Peachtree Street by Jan. 1, 2011. The national nonprofit credit counseling and education organization, which now has its headquarters in the United Way of Metropolitan Atlanta building at 100 Edgewood Avenue, has signed a 10-year lease to occupy three floors in the building.

CredAbility Consumer Distress Index: U.S. Consumers Remain Mired in Financial Distress Amid Some Signs of Stabilization, Thursday, August 26, 2010
CredAbility, one of the leading nonprofit credit counseling and education agencies in the United States, today released the CredAbility Consumer Distress Index results for the 2010 second quarter. The Index, a quarterly measure that tracks the financial condition of the average U.S. household, finds that high levels of unemployment and the strain of housing costs continue to keep consumers mired in financial distress. But consumers’ net worth has increased for the past five quarters as they continue to pay down debt and, in some parts of the country, benefit from stabilizing housing prices.

The Legal Backlash of Walking Away from your Mortgage, Monday, February 22, 2010
Homeowners who are considering "walking away" from their home to avoid making their mortgage payment need to know that their mortgage company may try to file a lawsuit to recover the amount owed on the home.

Debt Repayment Plan Interest Rates Drop, Monday, November 09, 2009
With millions of Americans struggling to repay their credit card debt, it may be a good time to consider a debt management plan (DMP) offered by many nonprofit credit counseling agencies. That's because people with large balances and high interest rates who enroll in a DMP are receiving favorable repayment terms from a variety of creditors, according to Consumer Credit Counseling Service (CCCS) of Greater Atlanta.

CCCS of Atlanta receives $3.5 Million Grant to support Foreclosure Prevention, Friday, October 09, 2009
Consumer Credit Counseling Service (CCCS) of Greater Atlanta today announced that it has received a $3.5 million grant to support its national foreclosure prevention counseling efforts in several metropolitan areas. The much-needed boost will enable CCCS of Greater Atlanta to provide more foreclosure counseling than ever before to homeowners in danger of foreclosure.

One in Five People Filed for Bankruptcy to Avoid Foreclosure in June, Tuesday, August 04, 2009
In each of past three months, more than 20% of bankruptcy counseling clients cited bankruptcy as only way to keep home

CCCS Expands Spanish Language Counseling to Meet Growing Demand, Wednesday, May 13, 2009
Consumer Credit Counseling Service (CCCS) of Greater Atlanta announced today it is significantly bolstering its ability to help Spanish-speaking people in financial trouble by adding 24 new bilingual counselors and four new bilingual managers.

CCCS of Atlanta approved as National Reverse Mortgage Counseling Intermediary by HUD, Wednesday, April 08, 2009
Consumer Credit Counseling Service (CCCS) of Greater Atlanta has been approved as a national reverse mortgage counseling intermediary by the U.S. Department of Housing and Urban Development (HUD). As a result, each reverse mortgage lender in the U.S. will be required to provide their new clients a list of counseling agencies that includes CCCS of Greater Atlanta.

Two Major Nonprofit Credit Counseling Agencies Announce Merger, Friday, January 09, 2009
Consumer Credit Counseling Service (CCCS) of Greater Atlanta and Consumer Credit Counseling Service (CCCS) of Central Florida & The Florida Gulf Coast today announced that their two organizations have merged.

CCCS of Greater Atlanta Expanding to Aid Struggling Homeowners, Friday, October 10, 2008
New Cobb County office doubles number of counselors focused on mortgage crisis.

Two-Thirds of Struggling Homeowners Meet Criteria for Housing Bill Relief, Monday, October 06, 2008
Almost two-thirds of homeowners who called Consumer Credit Counseling Service (CCCS) of Greater Atlanta for foreclosure prevention counseling in recent months appear to meet the threshold requirements for relief under the new federal housing bill that took effect Oct. 1.

29% of Americans Receiving Nonprofit Financial Counseling Use Tax Stimulus to Pay for Essentials, Tuesday, July 15, 2008
The survey was conducted in late June by Consumer Credit Counseling Service (CCCS) of Greater Atlanta, a national nonprofit agency that provides credit counseling, as well as counseling to prevent foreclosure and avoid bankruptcy, to people in all 50 states.

Ford Foundation grant, Saturday, July 12, 2008
The grant will support the Consumer Credit Counseling Service (CCCS) of Greater Atlanta, which has piloted a new software platform that lets credit counselors eliminate lengthy delays faced by homeowners in urgent need of modified mortgages.

Spending on Gas, Food Up 9% in Past Year, Thursday, February 14, 2008
Consumers seeking basic budget counseling from Consumer Credit Counseling Service (CCCS) of Greater Atlanta spent an average of $531 on gas and food in January 2008, 9 percent more than the average of $486 in January 2007.