Veterans Benefits Banking Program

Financial Counseling FAQs

One free consultation with a credit or financial counselor is a benefit to you through the Veterans Benefits Banking Program.

Neither VA nor AMBA endorses any particular banks, credit unions, products or services, or requires Veterans or other beneficiaries to use them.

The information below is provided to help you better understand your needs and the value of working with a financial or credit counselor.

Does the VBBP offer financial or credit counseling?

Yes. In 2022, the National Foundation for Credit Counseling (NFCC) and the Association for Financial Counseling and Planning Education® (AFCPE®) joined the VBBP coalition to provide free credit and financial counseling to Veterans, beneficiaries, and caregivers.

What is the difference between financial counseling and credit counseling?

Financial counseling seeks to help clients broadly understand and manage their financial affairs while credit counseling is focused on helping clients deal with their debt. For example, if you need help creating and sticking to a budget, a financial counselor can help. If you need strategies to help you get out of debt, consult a credit counselor.

Does VBBP offer financial education resources?

Yes. VetCents, our financial education platform, offers Veterans a personalized, interactive financial journey.

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