Credit Repair & Debt Reduction

What Is It?
Credit repair and debt reduction strategies, often linked to financial education, are powerful strategies that can dramatically impact household income.

Credit repair refers to those strategies that help individuals improve their credit history and credit score. Individuals with lower credit scores pay significantly more for financial services than individuals with higher scores.

Debt reduction is directly linked to credit repair. Reducing household debt through regular payments can reduce the amount of interest paid on loans. It also allows families to access additional credit at a lower interest rate, which provides a safety net for unexpected emergencies, as well as a means of purchasing assets.

The role of the Financial Stability Partnership
It is important that these families and individuals are able to receive help in reducing debt and repairing credit. When doing this, families will be able to pay lower interest rates, free up funds for their monthly expenses, and start saving.

Organizations such as Apprisen Financial Advocates, also know as Consumer Credit Counseling Services, can help individuals by setting up a debt management program and working with creditors. For more information on Apprisen / Consumer Credit Counseling Service, go to, or call 1-800-355-2227. Apprisen is a member of the National Foundation for Credit Counseling.

When looking at agencies who offer to help management your debt, it is extremely important to make sure they are part of the National Foundation for Credit Counseling. For more information on the NFCC or for a list of agencies, go to