Momentive™ Consumer Credit Counseling Service®
Fact Sheet

Momentive™ Consumer Credit Counseling Service® opened its first office in Indianapolis in 1965. Momentive™ is a non-profit organization dedicated to helping consumers:

• Learn to be wiser consumers through educational programs.
• Manage their money effectively through budget counseling.
• Solve their debt problems with a Debt Management Plan.
• Gain skills and information about homeownership.

Momentive™ offers Debt Management Plans, budget counseling, newsletters, money management workshops, housing counseling, educational workshops, first-time homebuyers workshops, and various employee assistance programs.

Momentive™ represents over twenty of 1,450 counseling offices in the United States, Puerto Rico and Canada, all of whom are affiliated with the National Foundation for Consumer Credit.

Momentive™ returned over $17,000,000 to creditors which include attorneys, banks, collection agencies, doctors, finance companies and retailers in 2000. Momentive™ provided almost 300 education presentations to over 5,500 people in 2000. Momentive™ also counseled over 5,500 people in 2000.

Momentive™ funding comes from voluntary contributions from creditors who participate in the Debt Management Plans (DMP). Since creditors have a financial interest in getting paid, most are willing to make a contribution to help fund our agency. Funding for programs other than the DMP is provided by supporters such as housing lenders, corporate sponsors, and government agencies.

Momentive™ is not a government agency and does not lend money.

About Our Clients

Momentive™ clients experience financial problems due to: poor money management, unemployment or reduced income, medical emergencies, divorce or separation, or death of a family member.

At the end of 2000, there were over 4,400 active clients on the Debt Management Plan.

Back to Media