Institute of Consumer
Financial Education
Institute of Consumer
Financial Education

Certified Master Consumer Credit Care Specialist (CCCCS™)

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The New CCCCS™ Program is accepted for
AFCPE 20 CEs and FCAS 40 PDUs

Introduction


CCCCS The Institute of Consumer Financial Education (ICFE) has introduced for 2016 a new certification program titled: Certified Master Consumer Credit Care Specialist (CCCCS™) The program's components have been accepted for a total of 20 CEs by the AFCPE and variety of other professional organizations, American Association of Family and Consumer Sciences (AAFCS.org) accepts it for 40 for Professional Development Units (PDUs).

The ICFE Certified Consumer Credit Care Specialist program includes the following courses, all accepted for 5 CEs each and an ICFE Certified Master Consumer Credit Care Specialist Certificate.
Individual enrollments in each course is $375 or a total of $1500. An introductory discount of $505 = makes the initial sale price of $995.00

The ICFE certification program was developed to give credit and debt counselor's legitimization and recognition of their training. CCCCS™ aims to equip all financial counselors with the tools to determine the methods of maintaining a good credit report and a high credit score. Plus the programs trains users how to change and improve credit reports, ratings and scores. It is very useful for all credit, debt and other financial and housing counselors.

ICFE Certified Master Consumer Credit Care Specialists (CCCCS™) teach their clients how to obtain their credit reports from the three major CRAs. When the client has his or her credit reports in hand, credit reports are reviewed, page-by-page, with the client present. The average credit report review and checking for mistakes takes about an hour and fifteen minutes.

The ICFE's new CCCCS™ program is explores the Credit Repair Organizations Act CROA, the FCRA/FACTA laws about consumer credit repair. Nearly every financial counselor has been asked by a client about their credit files and what it determines in their financial lives. The new CCCCS™ program educates trains and equips all financial counselors with the knowledge needed to determine what how credit file mistakes, damage credit ratings and scores and how to change or make improvements. Learning credit repair procedures of the CROA and how the FCRA-FACTA law treats credit file mistakes. The most common questions asked about credit repair is how mistakes in the file can negatively affect the credit score.

The credit file is the basic element that determines whether consumers will be able to make certain purchases but few people know what it means. The three major credit reporting agencies - Experian, TransUnion and Equifax - provide different reports for the same people. It is estimated more than 25 percent contain errors and that may mean the difference between a 'yes' or 'no' when applying for a bank loan or purchasing a big-ticket item like a car or appliances. It can also raise the cost of credit and insurance.

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More about the four courses included in the new CCCCS™ designation


The ICFE's Certified Credit Repair Specialist (CCRS™) program is the nation's premier comprehensive training and certification specifically developed for credit industry professionals who are dedicated to educating and assisting consumers, clients, customers, businesses, and the general public in credit reporting, credit file correction a/k/a credit repair. Also included is credit scoring plus how to maintain a good report and high score. With the birth of the Consumer Financial Protection Bureau (CFPB) in 2012, it took over the enforcement of the FCRA/FACTA laws from the Federal Trade Commission (FTC) which resulted in many new rules and regulations for the credit services industry.
CCRS™ qualified professionals are employed by a wide range of organizations including consumer credit and debt counseling organizations, credit unions and other financial institutions, student loan lenders, cooperative extension system, all branches of the military, mortgage, real estate, and financial services firms; law enforcement, and other government agencies. Many others are private practitioners, financial educators, notary public, attorneys, security consultants, CPAs, CFPs, and other consumer advocates.
ICFE CCRSs™ provide a valuable service by helping to educate their individual clients and small business owners on the importance of maintaining a good rating, correcting mistakes in credit files ASAP, keep high credit scores and protect their personal information from criminals.

The ICFE's Certified Credit File Reviewer (CCCR®) program explores the growth of the consumer credit, which has been explosive. Americans are still getting all charged-up with their plastic. Individual credit files continue to grow, many times into more than three dozen pages. This area of growing concern to consumers and business owners alike is one that is often overlooked by their well-meaning financial and business advisors, until now.

ICFE Certified Credit Report Reviewers (CCRRs®) learn the Fair Credit Reporting Act (FCRA) and the Fair and Accurate Credit Transaction Act (FACTA). They have learned how to read and understand their own credit reports and those of others. They have also learned about the steps to take to guard against credit and identity theft, an important new aspect of the credit report review service.

ICFE CCRRs® provide a valuable service by helping to educate their individual clients and small business owners on the importance of maintaining a good rating, high credit scores and protect their personal information from criminals.

The ICFE's Certified Credit Scoring Specialist (CCSS™) program is the nation's only comprehensive training and certification specifically developed for credit industry professionals who are dedicated to educating and assisting consumers, clients, customers, businesses, and the general public in credit reporting, credit scoring and how to maintain a high score. With the birth, in 2012, of the Consumer Financial Protection Bureau (CFPB) which took over the enforcement of the FCRA/FACTA laws from the FTC. The CFBP is monitoring credit scoring and examining differences in credit scores purchased by consumers and those purchased by creditors, for example. This CCSS™ program is designed to enlighten participants to the side of credit scoring not often seen by the public.

ICFE Certified Credit Scoring Specialists (CCSS™) learn what the Fair Credit Reporting Act (FCRA) and the Fair and Accurate Credit Transaction Act (FACTA) have to say about credit scoring. They have learned how credit reports are structured by the credit reporting agencies. They have also learned about the history of credit scoring and the different credit model used by lenders. This important aspect in the training is about how credit scoring models are created.

The ICFE's Certified Consumer Debt Collection Compliance Specialist DCCS® comprehensive training and certification program is specifically developed for credit and debt counselors and credit industry professionals, who are dedicated to educating and assisting consumers, debtor clients, businesses. The focus is on the Fair Debt Collections Practices Act (FDCPA) and how to help protect the general public with consumer debt collection compliance.

Consumer Debt Collection by the Numbers The Consumer Financial Protection Bureau (CFPB) assumes the oversight of the consumer debt collection industry on January 1, 2013. The Federal Trade Commission will work under the CFPB to help with compliance and consumer education. Abuses in the consumer debt collection industry are rampant.

There are two issues that deal directly accounts receivable management (ARM) a/k/a debt collection, "Collection Practices" and "Collection debt dispute." When combined, these two issues were the third most commonly cited by consumers in complaints. The CPFB will be taking over the work of compiling and handling consumer complaints about debt collectors beginning in January 2013. Unlike the practice of the FTC, who has previously handled the complaints, ARM companies will be able to respond to the complaints and offer resolution.

The DCCS® is trained to be an advocate for the consumer, both to help with complaints and also to resolve others issues connected to collections, i.e. negative credit reports and low credit scores. Among the qualified professionals who benefit from the DCCS training are employed by a wide range of organizations including consumer credit and debt counseling organizations, credit unions and other financial institutions, student loan lenders, cooperative extension system, all branches of the military, mortgage, real estate, and financial services firms; law enforcement, and other government agencies. Many others are private practitioners including notary public, attorneys, security consultants, CPAs, CFPs, and consumer educators.

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