Credit Counseling Certificate Programs Online

The enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 marked the beginning of numerous new filing requirements for both Chapter 7 and Chapter 13 bankruptcy. Because of this new law, many credit counseling certificate programs online are offered at affordable prices. All people who choose to file under either of these chapters must complete a government endorsed and approved course in credit counseling and budget analysis. In all cases, a credit counseling certificate programs online must be completed within the 180 days of filing bankruptcy. Typically these courses include: tips how make a personal budget that makes sense, comprehensive analysis and tips on budgeting monthly living expenses, and a free home budget worksheet form set with instructions. Most credit counseling certificate programs online accept credit cards and may be completed from the privacy of your own home.

The best credit counseling certificate programs online share common traits

All approved credit counseling certificate programs online must be formally approved by the Department of Justice’s U.S. Trustee Program. Additionally, to receive approval, all credit counseling certificate programs online must provide official documentation of completion that must be filed with the bankruptcy clerk at the same time as the bankruptcy petition. By law, these programs must explain alternatives to filing bankruptcy, based upon a review of your personal circumstance.

Cost of obtaining a certificates

The cost for completing a credit counseling certificate programs online averages about $50. However, anyone who cannot afford to pay a fee may request a waiver. All credit counseling certificate programs online must discuss fees in advance, and should honor requests for fee waivers in exigent circumstances. Also be aware that the form of the certificate required varies between states, federal districts, and federal divisions. Be sure to verify that your credit counseling certificate program online is aware of the form you require.