Credit Counseling Articles

Urban Institute Study Raises the Question of Why People are not Reaching Out for Financial Help

People may be hesitant to reach out for help due to misconceptions about financial counseling. Here are some of the false beliefs that consumers admitted in the 2014 NFCC Financial Literacy Survey

Posted on December 23, 2016

Resist the quick credit fixes

Despite several years’ worth of warning and repeated advice from officials of all stripes, companies offering “credit repair” continue to abound. There are steps you can take if you are in financial trouble that can one day help you improve your profile to potential creditors. But a credit score is...

Posted on December 23, 2016

Simple Resolutions Can Make for a Financially Successful 2014

If you’re in a position where New Year’s Day 2014 finds you in a better financial situation than you were at the beginning of 2013, even if only a little bit, congratulations! If your situation is not better, take heart. Making a positive difference doesn’t necessarily mean making huge changes. With...

Posted on December 23, 2016

Know Your Options Before Addressing Financial Problems

Your financial difficulties could already be severe enough that you are tempted to accept the first solution that comes along. However, there are pros and cons to bankruptcy, debt consolidation, debt settlement and most debt repayment options. It is important to talk to someone who knows the ins and...

Posted on December 23, 2016

For Moms Managing Finances Advice, Support and Hope are Available

A 2010 survey performed by researcher iVillage, found that an increasing amount of women are making the financial decisions for the entire household. The survey discovered 61% of moms are in charge of the family’s finances and 41% expressed they would like to be more educated when it comes...

Posted on December 23, 2016

Survival Plan for Maintaining Financial Stability during Sequestration

  Washington, DC – Sequestration is now in place, and along with it came a good amount of uncertainty, causing many Americans to wonder how they will be impacted.  By some estimates, more than one million employees of federal agencies may receive furlough notices.   Some workers are not adequately prepared to...

Posted on December 23, 2016

Overspending and Under-saving Actually Same Problem

Washington, DC – The January poll hosted on the National Foundation for Credit Counseling (NFCC) website asked consumers if they had a spending problem, savings problem, neither or both.  The overwhelming majority, 62%, identified themselves as having problems related to both spending and saving. “The good news is that having...

Posted on December 23, 2016

NFCC Poll Reveals Majority of Consumers Admit Financial Problems are Self-Inflicted

  Washington, DC – According to the National Foundation for Credit Counseling (NFCC) December poll, when asked if their personal financial problems were self-inflicted or the result of events beyond their control, the overwhelming majority of respondents, 63 percent, admitted responsibility for their financial woes. “The poll results are encouraging, as...

Posted on December 23, 2016

Medical Bills: Finding the Right Help Is Critical for Eliminating Debt, Says American Financial Solutions

  When Mrs. Ramirez met with American Financial Solutions’ certified credit counselor Carmen Perales, she and her husband owed $30,000 in medical bills. Perales worked with the family to establish a budget and to understand all of their expenses, but that was not all they accomplished.  The Supreme Court’s recent ruling...

Posted on December 23, 2016

A Quick Guide for Consumers on Credit, Debit, and Prepaid Cards from the FDIC

From the FDIC Below is a great guide developed by the FDIC. Use this guide to understand the difference in protections you have when using different types of credit, debit and prepaid cards.     Credit Cards Debit Cards Prepaid Cards What it is A credit card is a loan. A debit card is linked to your...

Posted on December 23, 2016