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. Chartered Financial Analyst - CFA

    A professional designation given by the CFA Institute (formerly ...
  6. Certified Financial Planner - CFP

    The CFP legal team has provided its official definition, along ...
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. Personal Finance

    Studying in the United States: Boston

    With more colleges than most cities, Boston is a mecca for students from around the world. Here's what to budget to study there.
  9. Bonds & Fixed Income

    How to Diversify with Muni Bond ETFs

    Thinking of diversifying with bonds? Consider these muni bond ETFs.
  10. Personal Finance

    Studying in the United States: Chicago

    Would you enjoy going to college in Chicago? Here's what it's like to study and live in the Windy City.

You May Also Like

Hot Definitions
  1. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  2. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  3. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  4. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
  5. Absorption Costing

    A managerial accounting cost method of expensing all costs associated with manufacturing a particular product. Absorption ...
  6. Currency Carry Trade

    A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase ...
Trading Center