Debt Management and Financial Counseling
General
Debt Management assistance is intended to help our clients become good financial managers of their income.
It does not aim to return an insolvent person to an absolutely normal way of life, but assists by helping to create the minimum essential financial condition to allow the client to live frugally while paying off obligations in a responsible manner.
Debt Management assistance generates sufficient cash flow to permit a livable budget, repayment of debt, and the provision for modest savings to meet future needs. Total debt consolidation loans are not authorized.
Professional, confidential, financial planning and counseling. Available to all CGMA clients.
Note: Applying for a loan or grant from CGMA is not required to receive counseling
Financial Assistance when faced with exceptional financial circumstances and unable to receive financial assistance from commercial institutions
TO ASSIST - REPRESENTATIVES MAY
Personally provide counseling
Direct the client to other sources within the Coast Guard for counseling, including the various financial management programs available through CG Work-Life
Direct the client to other government sources for counseling
Direct the client to a participating federal credit union for counseling
Direct the client to a commercial counseling organization such as Consumer Credit Counseling Service (CCCS) or similar programs offered through other organizations
CONSUMER CREDIT COUNSELING SERVICE
CGMA is willing to become a partner with the client by giving the minimum financial assistance needed to allow the client to enter a Debt Management Program with Consumer Credit Counseling Service (CCCS) or a similar program through another debt/credit management agency.
CCCS services are provided by Members of the National Foundation for Credit Counseling (NFCC).
To find the CCCS office nearest you, click or tap here Find a Counselor or call: 1-800-388-2227 for 24-hour automated office listings.
A NFCC/CGMA package (pdf) containing a copy of the NFCC/CGMA agreement CGMA Form 22 (pdf) , a Letter of Introduction CGMA Form 22a (pdf) and a Counselor's Recommendation Form CGMA Form 22b (pdf) are available to download.
Applications are available:
Online
From your CGMA Representative
By calling CGMA-HQ at (800) 881-2462 or (703) 875-0404
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