The Department of Veterans Affairs (VA) has recently expanded the Veterans Benefits Banking Program (VBBP) to provide more services to Veterans, including credit counseling, financial education and financial counseling opportunities.
The National Foundation for Credit Counseling (NFCC) and the Association for Financial Counseling and Planning Education (AFCPE) offer VBBP participants one free consultation with a credit or financial counselor. An NFCC-certified credit counselor may be the best fit for those who want to get out of debt, avoid foreclosure or qualify for a first-time home purchase. An AFCPE-accredited financial counselor can help you create a personalized budget, spending plan or savings plan.
VBBP also includes VetCents, which is a financial education program created for Veterans and their family members to learn more about money management, emergency savings, and understanding credit.