CredAbility is a national leader in effective counseling.

Under our former name, Consumer Credit Counseling of Greater Atlanta, the Center of High Impact Philanthropy recognized CredAbility as a national leader in effective counseling. In a recent report, they acknowledged our agency for efficiency in providing services with lower average per client and impact costs than other agencies in our sector.

According to the report, the industry-wide average cost per client is $431 compared to $208 for CredAbility. The average cost of keeping clients in their homes and out of foreclosure for one year after counseling is significantly lower for our agency—approximately $300 compared to $500 to $3,800 for other agencies in this sector. Our ability to integrate innovative technology contributed to these significant cost savings.

CredAbility also evaluates the success of our foreclosure prevention clients. To achieve this, we use external data to find out if our clients experienced any foreclosure-related activity following their counseling session. Our most recent study looked at clients who received foreclosure prevention counseling from 2007 to 2010. This internal research showed that 12 months after receiving counseling for their delinquent mortgages, 74 percent of our clients avoided foreclosure successfully. Our research also revealed that the risk of our foreclosure prevention clients' filing for bankruptcy, as measured by the BNI score, has steadily decreased by 7.4 percent one year after counseling, 38.6 percent two years after counseling and 50.3 percent three years after counseling.