Credit Counseling Agency Law and Legal Definition

A credit counseling agency refers to an agency approved by the office of U.S. Trustee to offer credit counseling to potential debtors. In order to file an individual bankruptcy, one must obtain a certificate from an approved credit counseling agency certifying course completion.

The following is an example of a case law on credit counseling agency:

A consumer credit counseling agency is a nonprofit consumer credit counseling agency located in Pennsylvania that is approved by the Pennsylvania Housing Finance Agency or certified by the U.S. Department of Housing and Urban Development. [Washington Mut. Bank v. Carr, 2006 Pa. Dist. & Cnty. Dec. LEXIS 112 (Pa. C.P. 2006)].