If you are receiving unsolicited phone calls from an entity pretending to be ACCC (a trusted non-profit credit counseling agency), please be assured that ACCC’s policy is NEVER to contact you unless you’ve explicitly requested us to call you. Also be cautious of emails from an unusual or unfamiliar domain. ACCC’s domain extension is @consumercredit.com, and any emails using a different extension should be treated with suspicion.


ACCC’s Client Login allows current clients to access their program information, including the due date, program benefits, and other documents.

Select a Client Login below based on the service that you are currently enrolled in:

Debt Management Program

Client Login


Pre-Bankruptcy Client

Post-Bankruptcy Client

Not yet a client, but looking to get started?

ACCC offers debt relief options to individuals and families that are suffering from stress related to credit card debt by providing effective credit counseling, helping to consolidate debt, and advising on debt management.

Get Started


You are now leaving the Consumer Credit website and are going to a website that is not operated by ACCC. We are not responsible for the content or availability of linked sites.

Are you sure you want to leave?

No, return me to the previous page.


3 Confusing Financial Terms Explained

With so many financial terms out there, our debt counselors know that it can be very intimidating trying to navigate the best path for you and your family. Sometimes the jargon and the details become too overwhelming to attempt or they have a misleading reputation to start with. Don’t miss out on an opportunity because of a little misinformation. APR, reverse mortgage and bankruptcy are commonly misunderstood financial terms that ACCC wants you to know.

Get debt management help with ACCC.

Get debt management help with ACCC.

Interest Rate vs APR

Interest rate and APR are terms often talked about in the same breath. Let’s take a look at both terms. You can earn interest from your bank in a savings account or CD or you can pay interest to a bank or lending institution for borrowing money. The interest rate is the percentage of the loan amount that you will pay for having the loan. The APR (annual percentage rate) is the interest rate plus other fees from the lender. This allows consumers to compare different lending packages as a whole, rather than just the interest rate. If one loan has a low interest rate but there are a lot more fees, the APR will help give a comparable number to see which is a better fit for you. Try this credit card interest calculator to see the impact of interest rates and APR.

Reverse Mortgage

Unfortunately, reverse mortgage is a financial term often remembered from bad TV commercials and shifty companies, not its actual definition. They can be offered through local or state government, the federal government, non-profit organizations or private companies. A reverse mortgage gives homeowners, 62 years of age or older, access to money that they have built up as equity in their homes. The money can cover a variety of costs including home improvement, healthcare expenses, retirement income or to finish paying a current mortgage. Reverse mortgages can provide financial independence by making funds available to the homeowner. 


Just like reverse mortgages, bankruptcy is a term misunderstood by many. There are two types of bankruptcy people can file. Chapter 7 bankruptcy is when the court appoints a Trustee who may liquidate or sell some things that you own to pay your creditors. Most of your debt will be canceled, but you may choose to pay some creditors, usually to keep a car or home. Chapter 13 bankruptcy is when your debt is reorganized into a single monthly payment. The payment will continue for 36 to 60 months. Payments will not last longer than five years and you do not have to repay all of your debt.

If you want to learn more about reverse mortgages, bankruptcy or other areas of credit counseling, ACCC is here to help. Schedule a free credit counseling session with us today.


Michelle is a regular contributor to Talking Cents. She has taken several financial courses on debt management and is ready to circulate what she has learned from them as well as lessons from her own life- family to DIY projects to student loan debt.

View all author posts →


Your Ultimate Money Management App

Meet CreditU, the ultimate one-stop debt and financial management app! See your full financial overview, including debts, income, expenses, and savings.

CreditU Apple App Store
Dev Tool:

Request: blog/3-confusing-financial-terms-explained
Matched Rewrite Rule: blog/([^/]+)/?$
Matched Rewrite Query: post_type=post&name=3-confusing-financial-terms-explained
Loaded Template: single.php