· CredAbility will merge in December with Richmond, Va.-based ClearPoint Credit Counseling Solutions to create the second-largest nonprofit credit counseling organization in.

CredAbility and clearpoint credit counseling solutions announced tuesday that they have agreed to merge the two organizations effective december 31, 2013. The name of the new organization will be ClearPoint Credit Counseling Solutions and its headquarters will be in Atlanta.

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"Yes, that is fair to say," said Scott Scredon, a spokesman for ClearPoint and former media relations director for CredAbility. "But this merger is a good fit for a number of reasons.

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Under fasb’s guidance for not-for-profit mergers and acquisitions, the transactionqualified as an acquisition of clearpoint financial solutions by credability. Therefore,the fair values of the assets acquired and the liabilities assumed were recorded as of december 31, 2013 and the excess of the.

The Atlanta credit counseling nonprofit CredAbility is merging with a Virginia nonprofit to create the second-largest such organization in the country. The combined company will be known as.

CredAbility and ClearPoint Credit Counseling Solutions announced Tuesday that they have agreed to merge the two organizations effective December 31, 2013. The name of the new organization will be ClearPoint Credit Counseling Solutions and its headquarters will be in Atlanta.

credability.org: Clearpoint | Credit Counseling, Debt Management, and more. Clearpoint is a national, nonprofit agency offering free credit counseling, budgeting help, bankruptcy counseling, and housing counseling.. visit credability.org now to see the best up-to-date Credability content for.

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CredAbility and ClearPoint Credit Counseling to Merge. Credit Counseling Industry. Can Credability Help Before We Run Out of Money. Ask The Get Out of Debt Experts.

CredAbility is one of the companies that are constantly challenging themselves to do things better with their mission of helping people in financial difficulties in mind.. They had to merge with Clearpoint to keep something going.. Glassdoor has 39 CredAbility reviews submitted anonymously.

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 · In what comes as no big surprise, the consolidation of the credit counseling industry continues. This time with a big announcement from two players whose merger will create the second largest credit counseling organization. “CredAbility and ClearPoint Credit Counseling Solutions announced on Oct. 1 that they have agreed to merge their two organizations, effective December [.]