NeDA's Credit and Bankruptcy Counseling

Geographic Service Area: 
St. Paul and Twin Cities Metro Area

As Certified Credit Counselors, NeDA staff will work with families and/or individuals in reviewing their financial situation, explain options and alternatives in dealing with debt and provide a road map so they can make wise financial choices in the future. One option available is a “Debt Management Plan.” Under a debt management plan a participant can avoid garnishments, judgments, liens and bankruptcy because the individual will pay the entire amount owed, but at a lower interest rate. Each plan will be different and is crafted to meet the client’s individual situation.

For those families who cannot avoid bankruptcy, NeDA now offers Certified Bankruptcy Counseling. The Bankruptcy Abuse Prevention and Consumer Protection Act requires that individuals must complete credit counseling with an agency approved by the United States Trustee’s office. NeDA is now an approved agency. NeDA can work with clients filing for Chapter 7 or Chapter 13 bankruptcy by providing pre-bankruptcy filing counseling session, as well as a post-education counseling session.

For more information, contact Neighborhood Development Alliance.