Certified Consumer Debt Specialist - CCDS

AAA

DEFINITION of 'Certified Consumer Debt Specialist - CCDS'

A professional designation awarded by the Center for Financial Certifications to debt settlement professionals who pass a certification exam. Successful applicants earn the right to use the CCDS designation with their names, which can improve job opportunities, professional reputation and pay. Every two years, CCDS professionals must complete 20 hours of continuing education and pay a fee to retain the designation.

INVESTOPEDIA EXPLAINS 'Certified Consumer Debt Specialist - CCDS'

CCDS applicants study debt settlement and personal finance management (including budgeting, evaluating debt loads, setting and achieving financial goals, planning to eliminate/avoid debt, investing, retirement and insurance). Also, applicants must develop communication, counseling and negotiation skills to negotiate on behalf of their clients. CCDS professionals should also be familiar with consumer protection laws.



RELATED TERMS
  1. Certified Forensic Financial Analyst ...

    A specialized accounting credential offered by the Financial ...
  2. Certified Employee Benefit Specialist

    A professional designation available in both the United States ...
  3. Chartered Accountant - CA

    An accounting designation given to accounting professionals in ...
  4. Associate In Premium Auditing - ...

    Professional designation awarded by the Insurance Institute of ...
  5. Certified Financial Planner - CFP

    The CFP legal team has provided its official definition, along ...
  6. Certified Public Accountant - CPA

    A designation given by the American Institute of Certified Public ...
Related Articles
  1. Insurance

    What You Need To Know About Financial Analysts

    Thinking about relying on analyst recommendations for your next trade? We'll show you what to watch out for.
  2. Budgeting

    Find The Right Financial Advisor

    Learn how to weed out those who are just out to make a quick buck.
  3. Professionals

    The Basics Of CFP Designation Maintenance

    The workload doesn't end with your exam. Find out how to keep up your CFP credential.
  4. Professionals

    Becoming A Financial Analyst

    A career as a financial analyst requires preparation and hard work, but the payoff can be especially rewarding.
  5. Professionals

    Is A Career In Financial Planning In Your Future?

    Take our quiz to find out whether you're suited for this line of work.
  6. Professionals

    An Introduction To The CFA Designation

    The CFA designation is seen as the key certification for investment professionals. Find out what the CFA signifies for candidates and investors.
  7. Options & Futures

    The Alphabet Soup Of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  8. Professionals

    Why Investors Need to Rebalance Their Portfolios

    The best way to explain why one should rebalance their portfolio is to show what could go wrong if one doesn't.
  9. Personal Finance

    What Exactly Does A Portfolio Analyst Do?

    Portfolio analysts have the exciting role of working between the investment team layers and they touch various aspects of an investment organization.
  10. Investing Basics

    Why is buying a utility stock known as defensive move?

    Utility stocks are known as defensive stocks for investors due to the fact that consumer demand will remain high even when the economy is performing badly.

You May Also Like

Hot Definitions
  1. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  2. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  3. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  4. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  5. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  6. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
Trading Center