CREDIT COUNSELING SERVICES Management, , and Financial Education

If you are in financial trouble, you are not alone. Thousands of peo- Chestnut Counseling Services (CCCS) helps individuals and ple face money problems each year. Some people fail to accurate- families with financial problems through individualized analysis of ly calculate their income, expenses and , and some people personal finances as well as financial assistance planning, money experience sudden and unexpected changes in their financial cir- management and planned debt repayment. CCCS provides debt cumstances. Debt, defaults and bankruptcy are on the rise. management, bankruptcy, and financial education services.

Debt Management

Debt Management Plan Funding Enrolling in a (DMP) with CCCS Most of our funding comes from voluntary contributions from cred- will enable you to repay your debt in an orderly way. itors who participate in the DMP. Since creditors have a financial in- terest in getting paid, most are willing to make a contribution to help Benefits include: fund our agency. These contributions are usually calculated as a per- centage of payments you make through your DMP — up to 15% of • Lowered rates each payment received. However, your accounts with your creditors • Past due accounts are brought current will always be credited with 100% of the amount you pay through us • Ending collection calls and we will work with all your creditors regardless of whether they • One monthly payment for your debts contribute to our agency. Our Debt Management Plans serve the dual role of helping you repay your debts and helping creditors col- • Debts usually paid off in less than five years lect money owed to them. • Counselors available for in-person or telephone appointments CREDIT COUNSELING SERVICES Debt Management, Bankruptcy, and Financial Education

Bankruptcy Financial Education In order to file for bankruptcy, federal law requires you to par- Chestnut Credit Counseling Services strongly believes that edu- ticipate in a credit counseling session and obtain a certificate of cation is imperative to preventing financial problems and learn- completion. In addition, you are required to complete a ing from past mistakes. CCCS provides a multitude of education- education class and obtain a certificate of completion prior to al programs and services to consumers and to the community. the completion of your bankruptcy. Certificates of completion Financial education programs are available to employers, high are available to anyone filing in the State of Illinois. Financial as- schools, colleges, service clubs, and community groups. We sistance is available to those who qualify. tailor topics to fit an organization’s or specific needs.

Credit Counseling Session Topics The session includes: • How to establish a spending plan • Evaluation of personal financial situation • Financial goal setting • Bankruptcy overview and discussion on the basics of Chapter • How to improve your credit 7 and Chapter 13 • Anatomy of a credit score • Discussion of the consequences of bankruptcy • Identity theft: how to prevent • Discussion of various alternatives to bankruptcy • Students and credit • Comprehensive review of sound budgeting skills • Building a better credit report • Payday lenders and credit repair scams Debtor Education Class The class includes: Student Counseling • Budget development; setting short term and long term goals • Help with exploring the options available for repaying your • Developing money management skills federal student . • Understanding the wise use of credit • How to rebuild credit following a bankruptcy • Consumer Information; how and where to obtain information Serving these Illinois areas: that may protect your credit and identity • Central Illinois: Bloomington, Decatur, Peoria • MetroEast Illinois: Belleville, Granite City Bankruptcy Services • Northern Illinois: Chicago, Joliet, Kankakee • Provided in-person in Bloomington, Joliet, and Granite City • Provided by telephone at 800.615.3022 Chestnut Credit Counseling Services • Provided through the internet at chestnut.org/credit 1003 Martin Luther King Dr. • We are approved to issue certificates in compliance with the Bloomington, IL 61701 Bankruptcy Code. Approval does not endorse or ensure the 309.820.3501 / 800.615.3022 toll-free quality of an agency’s services. chestnut.org/credit

We do not lend money.