Certified Consumer Debt Specialist (CCDS)

Reviewed by Sweta | Updated on Aug 27, 2020


Certified Consumer Debt Specialist (CCDS) refers to a degree obtained by passing the debt settlement certification program. The Centre for Financial Certifications awards the degree. An individual who obtains the degree can use the designation Certified Consumer Debt Specialist along with their name. The individual is professional and bound by certain rules and regulations.

Understanding Certified Debt Specialist (CCDS)

A certified consumer debt specialist studies personal finance and debt settlement. The study includes debt planning, financial goal setting, budgeting, investment planning, debt evaluation and load resetting, insurance and retirement planning. The individuals should also undertake a study of several laws applicable to finance. The individual should learn various skills such as counselling, negotiation and other communication skills. The purpose is that the individual should be able to negotiate, draft and settle the terms and conditions of investing or financing agreements. The individual should also have knowledge about laws for consumer protection. The centre for financial certification was formed in 2006 with a view to providing quality education and financial services. The centre also called as Fincert aims to provide consumer-centric financial services through education and training of individuals. The certification enables individuals to provide quality services. The process of debt settlement involves negotiation with loan creditors for settlement of debts either by way of payment or restructuring of debts. A professional debt specialist draws up a plan for debt settlement. The success of the settlement depends on the negotiator and working of the debt settlement plan.


Debt settlement occurs for personal debts such as credit card loans, educational loans taken by students and vehicles loans. A debtor may want debt management services to avoid a chance of default. Other types of debt include real estate loans which may be industrial or personal in nature, machinery loans or asset loans taken by business enterprises. Large corporates often take long-term loans or raise long-term debt through the issue of bonds or commercial paper. Many bankers assist in the restructuring of long-term debts.