Consumer Credit Counseling Service of Rochester does a lot more than credit counseling

  • UltraFICO

    Consumers with low credit scores may soon have a way to boost that three-digit number! A new product is supposed to become available in Summer 2019 and it will be geared towards consumers with low credit scores. Currently, potential lenders use your credit report, which includes your credit score and credit history, to see if you have paid your mortgage, personal loans, credit cards, and other debts on time. Your credit score is then calculated off of all of your debts and it’s broken down in five different categories which include: Payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%) - the different types of credit that you have. Lenders us this information to determine your credit risk and the interest rate that you would be charged, should they approve your loan or credit card.
    Here’s the change with regards to the new scoring method, UltraFICO™. It will have a different focus on your credit and will allow you to show lenders your financial behavior for areas that are not included on a traditional credit report. Once consumers opt in to the alternative scoring method, their banking behavior will be used to calculate their UltraFICO™ score. These areas include:

    Length of time of their bank account

    Evidence of savings (an average of $400 min. balance)

    The frequency of activity

    On-time and regular payments

    The voluntary scoring method is intended to boost the number of approvals for credit card, personal loans and other debt by considering the consumers cash transactions (their banking behavior), which may indicate how likely they are to repay the debt. Before enrolling, consumers need to remember that they would be sharing their sensitive checking and savings account information and data. For more information and to keep up to date on when the new scoring method will be rolled out to the public, visit

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  • Tuition-Free Degree Program: The Excelsior Scholarship

    Recently, Governor Andrew Cuomo announced the Excelsior scholarship, which will provide tuition-free college at New York’s public colleges and universities to families making up to $125,000 a year. Under the Excelsior Scholarship, nearly 80 percent, or 940,000 middle-class families and individuals making up to $125,000 per year, would qualify to attend college tuition-free at all CUNY and SUNY two- and four-year colleges in New York State.
    A regional breakdown of families who would be eligible for the program is available below. 
    The new program will be phased in over three years, beginning for New Yorkers making up to $100,000 annually in the fall of 2017, increasing to $110,000 in 2018, and reaching $125,000 in 2019.  Scholars must be enrolled in college full-time and average 30 credits per year (including Summer and January semesters) in order to receive the funding, however, the program has built in flexibility so that any student facing hardship is able to pause and restart the program, or take fewer credits one semester than another.   Students are required to maintain a grade point average necessary for the successful completion of their coursework, and, as the program makes a major investment in the state’s greatest asset – our young people – scholars will be required to live and work in-state for the same number of years after graduation as they received the scholarship.
    These initiatives build on the Governor’s commitment to making college affordable for all students in the Empire State, including the nation-leading 'Get On Your Feet' Loan Forgiveness Program, which allows eligible college graduates living in New York to pay nothing on their student loans for the first two years out of school.
    Visit the website to learn more about the Excelsior Scholarship and to be electronically notified when you may apply by entering you email address on the Excelsior Scholarship Alert for...

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A History of Helping People in Rochester

CCCS of Rochester is proud to be the only locally-based non-profit Credit Counseling Agency in the Rochester area. Over the last 40+ years, we have helped hundreds of thousands of people reclaim their financial health

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