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The Best Business Debt Counselors in Shelby County, Tennessee

What to Look for in a Business Debt Counselor

Finding the right business debt counselor can be a game-changer for anyone struggling with financial burdens. The right counselor will not only provide practical advice but also offer emotional support and strategic planning to help you get back on track. Here are some key attributes to look for:

  • Certification and Accreditation: Ensure the counselor is certified by reputable organizations such as the National Foundation for Credit Counseling (NFCC) or the Financial Counseling Association of America (FCAA).
  • Experience and Specialization: Look for counselors with a proven track record in handling business debts. Experience in your specific industry can also be beneficial.
  • Transparency: A good debt counselor should be upfront about fees and the services they provide.
  • Comprehensive Services: The best counselors offer a range of services, including debt management plans, budgeting advice, credit counseling, and bankruptcy counseling if necessary.
  • Reviews and Testimonials: Check for positive reviews and testimonials from past clients.

Credentials to Look for in a Business Debt Counselor

When choosing a business debt counselor, consider the following credentials to ensure they are qualified:

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  • Certified Credit Counselor (CCC): This certification indicates that the counselor has undergone extensive training and is qualified to provide credit counseling services.
  • Accredited Financial Counselor (AFC): This designation is given to professionals who specialize in financial counseling and education.
  • Certified Financial Planner (CFP): Although more common among financial planners, some debt counselors may hold this designation, indicating a high level of financial expertise.
  • Membership in Professional Associations: Membership in organizations like the National Foundation for Credit Counseling (NFCC) or the Financial Counseling Association of America (FCAA) is a good indicator of a counselor’s credibility and commitment to ethical standards.
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Top Business Debt Counselors in Shelby County

Greater Memphis Financial Empowerment Center (GMFEC)

The GMFEC, sponsored by the Shelby County Trustee, offers a range of financial counseling services, including debt management and financial education workshops. They provide free one-on-one counseling to help residents improve their financial stability.

  • Contact Information:
    • Phone: (901) 390-4200
    • Website: GMFEC
    • Address: 160 N Main Street, Memphis, TN 38103

Consumer Credit Counseling Service (CCCS)

CCCS of Memphis offers comprehensive debt management services, credit counseling, and financial education. They help clients create personalized debt management plans to pay off unsecured debts.

  • Contact Information:
    • Phone: (901) 323-4909
    • Website: CCCS Memphis
    • Address: 2400 Poplar Avenue, Suite 445, Memphis, TN 38112

Consumer Credit Counseling Service – Bartlett

This branch of CCCS offers free or low-cost advice on money management, budgeting, and debt reduction. They also assist homeowners with mortgage delinquencies and provide foreclosure prevention services.

  • Contact Information:
    • Phone: (901) 383-2193
    • Address: 2855 Stage Village Cv # 5, Memphis, TN 38134

Consumer Credit Counseling Foundation (CCCF)

CCCF offers personalized credit counseling, debt management plans, and financial education programs. Their certified counselors provide expert guidance to help individuals and businesses achieve financial stability.

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  • Contact Information:
    • Phone: 800-918-6709
    • Website: CCCF
    • Address: 6750 Poplar Ave #312, Germantown, TN 38138

Udeany Financial Services

Udeany provides a wide range of financial services, including credit and debt counseling. They focus on helping clients improve their financial literacy and manage their debts effectively.

  • Contact Information:
    • Phone: (901) 616-6063
    • Website: Udeany
    • Address: 1661 International Place Dr, STE 400, Memphis, TN 38120

Reviews and Highlights

Greater Memphis Financial Empowerment Center (GMFEC)

The GMFEC is highly regarded for its community involvement and free financial workshops. Clients appreciate their accessible services and knowledgeable counselors who provide practical advice for managing debt and improving credit scores.

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Consumer Credit Counseling Service (CCCS)

Clients of CCCS of Memphis praise the organization for its comprehensive debt management plans and supportive counselors. Many have successfully paid off their debts and improved their financial situations with the help of CCCS.

Consumer Credit Counseling Foundation (CCCF)

CCCF is known for its effective debt management plans and professional credit counseling services. Clients commend the foundation for its transparency and commitment to helping them achieve financial freedom.

Useful Information Table

Counselor Phone Website Address Services
Greater Memphis Financial Empowerment Center (GMFEC) (901) 390-4200 GMFEC 160 N Main Street, Memphis, TN 38103 Financial workshops, debt management, credit counseling
Consumer Credit Counseling Service (CCCS) (901) 323-4909 CCCS Memphis 2400 Poplar Avenue, Suite 445, Memphis, TN 38112 Debt management plans, credit counseling, financial education
Consumer Credit Counseling Service – Bartlett (901) 383-2193 N/A 2855 Stage Village Cv # 5, Memphis, TN 38134 Money management advice, foreclosure prevention
Consumer Credit Counseling Foundation (CCCF) 800-918-6709 CCCF 6750 Poplar Ave #312, Germantown, TN 38138 Credit counseling, debt management plans, financial education
Udeany Financial Services (901) 616-6063 Udeany 1661 International Place Dr, STE 400, Memphis, TN 38120 Credit and debt counseling, financial literacy education

Conclusion

Navigating business debt can be challenging, but with the right support and guidance, it is possible to regain control and achieve financial stability. Shelby County offers a range of reputable business debt counselors who can provide the expertise and support needed to manage and overcome debt. Whether you need help with budgeting, creating a debt management plan, or improving your credit score, these professionals are equipped to assist you on your financial journey.

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