Frequently Asked Questions
Bankruptcy FAQs
What is Chapter 7 bankruptcy?
What is Chapter 13 bankruptcy?
What is bankruptcy counseling?
How much does a Chapter 7 bankruptcy cost?
How much does a Chapter 13 bankruptcy cost?
How do I receive my payments from a reverse mortgage?
Do I need an attorney to file bankruptcy?
Can I keep my credit cards after filing bankruptcy?
Can I be fired for declaring bankruptcy?
Are there affordable bankruptcy attorneys?
Credit and Debt Counseling
Will my creditors know I have an appointment with you?
Will credit counseling stop legal action and creditor phone calls?
Where can I meet with my counselor? Does it have to be in-person?
What is the Fair Debt Collection Practices Act (FDCPA)?
What is a judgment?
What is a “charge-off?” If my debt has been “charged-off,” can a creditor pursue collection?
What happens when I contact an NFCC Member Agency?
What do NFCC members charge for counseling services?
What are the benefits of working with Certified Consumer Credit Counselors?
My wages have been attached. What does that mean?
My creditors won’t reduce my payments. Can you really help?
My car was repossessed and sold. Do I still have to pay off my auto loan?
My agency is interested in becoming a member of the NFCC. Where do I find information about the application process?
I need help and would like to contact a financial counselor. How do I find an NFCC member agency?
How do I become a credit counselor?
How are credit counseling agencies funded?
Do most creditors contribute to the agency?
Reverse Mortgages
What’s the difference between a reverse mortgage and a home equity loan?
What is a reverse mortgage?
How much money can I get from my home with reverse mortgage?
How do I receive my payments from a reverse mortgage?
How do I qualify for a reverse mortgage?
Can the lender take my home away if I outlive my reverse mortgage?
Can I leave my estate to my heirs after a reverse mortgage?
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