The Consumer Debt Foundation is no longer in business, but it used to be a sole proprietorship started in 2008 in California that was committed to credit and debt counseling, according to the Better Business Bureau. For people who need credit and debt counseling, there are alternative companies, including credit unions, religious organizations, non-profit agencies, local Armed Forces legal assistance offices and the National Foundation for Credit Counseling, according to USA.gov.
Debtors should choose credit counseling services affiliated and accredited with the National Foundation for Credit Counseling and the Association of Independent Consumer Credit Counseling Agencies, according to USA.gov. The National Foundation for Credit Counseling, or NFCC, also serves clients independently and is the largest and longest-serving nonprofit organization for financial counseling in the United States.
The NFCC offers credit and debt counseling along with bankruptcy counseling, housing counseling, reverse mortgage counseling, student loan debt counseling, debt management plans, credit report reviews and financial education, according to the NFCC's website. By obtaining credit counseling services, debtors can learn how to manage their finances and develop a personalized plan for getting out of debt. Credit services can also help debtors avoid problems such as eviction, foreclosure or a significant loss of funds in a divorce settlement.