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.


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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.

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Pros and Cons of Debt Settlement

Before engaging with a debt settlement firm, it’s crucial to grasp both its benefits and potential pitfalls.




In essence, debt settlement programs entail ceasing payments to creditors for several months until the owed sum grows considerably. Thereafter, the settlement firm negotiates with your creditors to decrease this amount. If a settlement is reached, you pay the agreed sum, the settlement firm’s fee, and any resulting taxes.

Advantages of Debt Settlement:

  1. Potential to clear debts for less than the owed amount.

Drawbacks of Debt Settlement:

  1. Adverse impact on credit score: Post-settlement, re-establishing credit to secure loans or make major purchases can take up to seven years.
  2. No guaranteed savings: Creditors aren’t mandated to settle, which can lead to legal repercussions or involvement of collection agencies.

Seek Expertise with ACCC: Navigating Debt Settlement’s Pros and Cons

To better comprehend debt settlement’s impact on credit and its broader implications, seek guidance from American Consumer Credit Counseling (ACCC). As a nonprofit entity, our primary aim is to assist consumers in swiftly overcoming debt and acquiring the skills to maintain a debt-free future.

We extend complimentary credit counseling sessions, enabling you to assess your financial landscape comprehensively. Our adept counselors will elucidate the nuances of debt settlement, contrasting it with debt consolidation, and recommend potent resources for adept financial management.

Debt Settlement or Debt Management: Making the Right Choice

In evaluating debt settlement, it’s also worth exploring debt management plans. This approach entails crafting a feasible budget and timely bill payments, facilitated by entities like ACCC. With our guidance, you can consolidate your payments into a singular monthly contribution. We then allocate these funds towards your bills, ensuring punctuality. This structure can lead to negotiations with creditors for better terms and often results in full debt clearance within five years.

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

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