Two Major Nonprofit Credit Counseling Agencies Merge, Expects HECM Growth

image Earlier this month, Consumer Credit Counseling Service (CCCS) of Greater Atlanta announced that it was merging with Consumer Credit Counseling Service (CCCS) of Central Florida & The Florida Gulf Coast.  Together these agencies provided a range of counseling services to an estimated 550,000 consumers during 2008. 

The merger enables CCCS of Greater Atlanta to significantly expand its service area by reaching an additional 8 million Florida residents.  Clients of CCCS of Central Florida & The Florida Gulf Coast will also gain access to the 24-hour toll-free telephone and sophisticated internet counseling that is offered by CCCS of Greater Atlanta around the clock, 365 days a year.

"This combination will help Floridians gain more convenient access to certified, nonprofit credit counselors who can help them find solutions for their financial problems," said Suzanne Boas, president of CCCS of Greater Atlanta. "The merger will also bring our Atlanta operation more depth in bilingual and reverse mortgage counseling, which are strengths of the Central Florida agency.”

Combined the two agencies will have 35 reverse mortgage counselors and provided more than 7,500 HECM counseling sessions in 2008.  “We conducted several thousand reverse mortgage counseling sessions in 2008 and we expect that we will increase the number of counseling sessions this year as the market grows,” said Scott Scredon, Director of Public Relations for CCCS.   

Two Major Nonprofit Credit Counseling Agencies Announce Merger

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