Arizona State University (ASU) FIN380 Personal Financial Management Test 3 Practice

Question: 1 / 400

What service does Consumer Credit Counseling Services (CCCS) primarily offer?

Tax preparation

Debt counseling for individuals and families

Consumer Credit Counseling Services (CCCS) primarily focuses on providing debt counseling for individuals and families. This nonprofit organization aims to assist people in managing their debt through education, budgeting, and financial planning support. They offer resources to help clients understand their financial situation, develop repayment plans, and explore options for reducing debt, thereby fostering better financial habits.

The organization's expertise in debt management differentiates it from services such as tax preparation, investment advice, or credit card issuance. While tax preparation is specifically related to filing taxes, investment advice pertains to managing investment portfolios, and credit card issuance involves providing individuals access to credit. In contrast, CCCS is dedicated to addressing the challenges of personal debt and improving overall financial literacy among consumers.

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Investment advice

Credit card issuance

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