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

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.


Debt Settlement vs Bankruptcy FAQ’s

The route that helps get out of debt faster depends on each individual’s financial situation. Both debt settlement and bankruptcy has its own adverse impacts on your credit.

When you are plagued with overwhelming debt, you’re likely contemplating the pros and cons of debt settlement vs bankruptcy. Each option offers some advantages, but many disadvantages as well.

Bankruptcy vs Debt Settlement

Q: Between debt settlement and bankruptcy, which option can help me get out of debt faster?

A: Both debt settlement programs and bankruptcy can potentially help you manage overwhelming debt, but they come with various advantages and disadvantages. Understanding these can guide you towards the most suitable option for your circumstances.

Q: How does bankruptcy work?

A: Bankruptcy involves a legally binding process that erases most of your debt, structures any repayments, and could potentially lead to the loss of some of your assets.

Q: What about debt settlement? How does it function?

A: a debt settlement program, you stop making payments to your creditors. When your back payments accumulate to a sizable amount, you make an offer to settle your debt for a fraction of the total amount owed.

Q: Could you outline the pros and cons of both bankruptcy and debt settlement?

A: Bankruptcy provides protection from creditors who can no longer pursue you for payments. It also allows for a relatively quick resolution of financial troubles and no taxes on the erased debt. However, it severely impacts your credit rating, potentially limiting your access to loans or credit for up to 10 years.

On the other hand, debt settlement could potentially allow you to settle your debt for 25% to 80% of the owed amount. However, creditors aren’t obligated to accept your offer. They might choose to take you to court or involve a collections agency, leading to penalties for late payments and potential legal fees. This could end up increasing your overall debt.

In terms of negatives, with debt settlement, you’ll need to pay a significant fee to your debt settlement company, plus taxes on the forgiven amount. This option does negatively impact your credit rating, with recovery potentially taking over seven years.

Q: Given these complexities, where can I seek advice on debt settlement versus bankruptcy?

A: It’s highly recommended to seek financial advice from certified credit counselors when considering debt settlement or bankruptcy. For example, at American Consumer Credit Counseling (ACCC), free credit counseling sessions are offered to assess the benefits of these options and other debt relief avenues. Counselors can answer questions like, “What will be a debt settlement program’s impact on my credit rating?” and direct you to resources that can help address your financial issues.

Q: How can I start this process?

A: You can contact ACCC or a similar service for a free credit counseling session to discuss the pros and cons of debt settlement and bankruptcy, as well as other potential solutions like a debt management plan.


See if our Debt Management Program is right for you Should you consolidate your debt? See how much it really costs to use your credit cards

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: debt-settlement-vs-bankruptcy
Matched Rewrite Rule: ([^/]+)(?:/([0-9]+))?/?$
Matched Rewrite Query: name=debt-settlement-vs-bankruptcy&page=
Loaded Template: single-resource-pages.php