How is CredAbility funded?
CredAbility has diversified income sources including service fees, grants and community contributions from a wide variety of funders. In 2007, bankruptcy counseling and education fees accounted for 39% of our agency’s revenue. Grants from foundations, corporations and government agencies, service contracts and community contributions made up 20% of the agency’s funding sources. Other sources of income include donated services and investment income, as well as client and creditor contribution in partnership with Debt Management Plans. Grants and donation allowed us to provide free services to more than 125,000 consumers in 2007. To learn more, see our current contributors list.
