Financial literacy

IRS Identity Theft Scams

Just a reminder this tax season that the IRS has issued several consumer warnings about the fraudulent use of the IRS name or logo by scam artists trying to gain access to consumers’ financial information in order to steal their identity and assets. To set up victims, scam artists will...

Posted on December 23, 2016

IRS Plans Jan. 30 Tax Season Opening For 1040 Filers

IR-2013-2, Jan. 8, 2013 WASHINGTON - Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30. The IRS will begin accepting...

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

Is Rent-to-Own a Good Deal? Only if You Want to Pay Double

Today someone asked me if I really felt it was a bad idea to use rent-to-own furniture stores. While I understand that they seem like an easy way to purchase items you may not be able to because of credit issues, doing so can stretch your finances beyond anything...

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

Scams Made Easy

 Need a loan? Less than perfect credit? No credit? Bankruptcy? No problem! Generic lending company can help you get approved for a loan right now! We have all heard the commercials or even seen them in the Internet. Some company offering a loan to help you meet your needs regardless of your credit qualifications....

Posted on December 23, 2016

Giving the Bounce to Counterfeit Check Scams

(NAPS) - A new scam is swindling consumers: checks that seem legitimate to both bank employees and consumers, but that are counterfeit and leave unsuspecting consumers footing the bill. The Federal Trade Commission has a new brochure, “Giving the Bounce to Counterfeit Check Scams,” which explains common angles used in...

Posted on December 23, 2016

Financial Literacy Issues Bring Senator Derek Kilmer to AFS

For Immediate Release September 9, 2008 Bremerton, WA ‐ Financial literacy issues bring Senator Derek Kilmer to local Credit Counseling Agency. With shared concerns regarding the deepening credit crisis accompanied by a weak labor market, high inflation and falling house prices, Senator Kilmer met with Ron Lafayette, President of the North...

Posted on December 23, 2016

Are You in Financial Trouble? Find Out Now!

Are you one of the many Americans feeling overwhelmed by growing credit card balances, diminishing savings, and the increasing cost of everyday necessities? The first step toward a financially stable tomorrow is facing your situation today. I suggest that you take the following quiz. The results will reveal whether or...

Posted on December 23, 2016

April is Financial Literacy for Youth Month

Before April 2008 comes to a close, I want to share a tidbit of history behind Financial Literacy Month. Financial Institutions and Non Profit Organizations near and far have been working together promote financial change in today’s record high levels of debt. National Financial Literacy Month is recognized in the...

Posted on December 23, 2016