Free Debt Consolidation Programs in Detroit, Michigan
Managing debt can be overwhelming, but fortunately, Detroit offers several free resources to help residents consolidate and reduce their financial burdens.
Table of Contents
- Financial Empowerment Center (FEC)
- Money Management International (MMI)
- American Consumer Credit Counseling (ACCC)
- Hebrew Free Loan Detroit
- State of Michigan Resources
Financial Empowerment Center (FEC)
The Financial Empowerment Center offers free, one-on-one professional counseling to assist with money management, budgeting, debt reduction, credit improvement, and more.
Residents can schedule an appointment by calling 313-322-6222 or online.
Due to COVID-19, all sessions are currently conducted via phone or video conferencing.
For more information, visit the City of Detroit's FEC website:
Money Management International (MMI)
MMI is a nonprofit organization providing financial education and counseling to consumers struggling with debt, budgeting, housing, and student loan concerns.
They offer in-person counseling by appointment at their Detroit office, as well as phone and online counseling options.
To schedule an appointment, call 313-524-0194 or visit their website:
American Consumer Credit Counseling (ACCC)
ACCC is a nonprofit organization offering credit counseling, debt management services, and financial education to consumers nationwide.
They provide phone counseling and online counseling options for Detroit residents.
To get started, call 877-440-1773 or visit their website:
Hebrew Free Loan Detroit
Hebrew Free Loan offers interest-free debt consolidation loans up to $20,000 to qualifying individuals, thanks to the generous support of the Pogoda family.
Applicants must complete financial education counseling at Gesher Human Services.
For more information, visit their website:
State of Michigan Resources
The State of Michigan provides resources to help residents manage and reduce debt.
It's important to understand the differences between credit counseling, debt management, and debt settlement companies.
To find a licensed debt management company in your area, visit the Department of Insurance and Financial Services (DIFS) website:
Remember, it's crucial to research and choose a reputable organization that best fits your financial situation.
Taking the first step towards debt consolidation can lead to a more secure financial future.
Keywords: debt consolidation, Detroit, Michigan, financial counseling, nonprofit organizations