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NFCC Blog: Staying the Course

Under 26? Should You Stay on Your Parent’s Health Insurance?

By Jason Alderman In their quest to land a job, any job, many young adults will sacrifice what used to be called “fringe benefits” to gain a foot in the door. But many entry-level jobs either offer no healthcare benefits, or the employee’s cost share is prohibitive for someone barely making minimum wage. Add to the equation that most twentysomethings are in good health and rarely visit the doctor, and …Read More

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Consumers Say Financial Fears Spook Them

By Gail Cunningham Scary costumes and haunted houses can be fun one night of the year, but dealing with real-life financial fears on a daily basis is no treat. However, the NFCC’s Financial Literacy Survey revealed that 71% of respondents admit to having financial worries. Sharing the top spot on the list are concerns about a lack of savings, equally divided between not enough savings for everyday emergencies (16%), and not …Read More

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Why Are Good Faith Estimates Important for Buyers?

By Tali Wee The home buying process is complex for first-time buyers – full of acronyms, fees, bids, and deadlines. Because homes are commonly the most expensive purchases of buyers’ lives, it’s critical to clearly budget costs that affect finances for potentially the next 30 years. The primary costs buyers must calculate are one-time down payments, closing costs, and monthly mortgage charges. The larger the down payment, the less buyers …Read More

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The Key to Surviving Student Loan Debt

By Jesse Campbell A recent report released by the Department of Education shows that student loan default rates have fallen slightly for the first time in seven years, but still remain uncomfortably high at approximately 14 percent. That means that one out of every seven student loan borrowers will default on their loans within three years of graduation. One possible reason for that massive default rate? Over the past decade total student …Read More

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GreenPath Debt Solutions Names Client of the Year

By Drew Kessler Tanya LaPrad’s story of dealing with about $20,000 in credit card debt has all the makings of a CNBC show like “Til Debt Do Us Part” or a Suze Orman segment of “Can I Afford It?” where the answer is most definitely, “Denied.” But LaPrad, 43, is willing to share bits and pieces of her drama because the Monroe mom eventually did find a way out. She’s …Read More

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Before Cosigning a Loan, Know the Risks

By Jason Alderman Shakespeare probably said it best: “Neither a borrower, nor a lender be, for loan oft loses both itself and friend.” Four hundred years later, people still wrestle with whether or not to help out a loved one by loaning them money or cosigning a loan. Perhaps you want to help your kid qualify for a better student loan rate, or assist your widowed mom with refinancing her …Read More

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NFCC Announces Housing Client of the Year

By Mark Foster Working for a nonprofit is a very rewarding experience; making a difference in people’s lives every day. Nonprofit Credit Counseling of Arkansas (CCOA), a member of the NFCC, made a positive difference in Linda Burton’s life. Linda, a 78-year-old widow, was recently named the NFCC’s Housing Client of the Year at the annual NFCC conference in Seattle. Five and a half years ago, the Springdale, AR resident …Read More

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The Do-It-All Roth IRA

By Gary Silverman Occasionally I counsel younger couples about finances. They share a problem with most of my older clients: They can’t do it all. There’s just not enough money in the budget (and perhaps on Earth) for everything they want to do. However, often with a younger couple it’s not so much that they can’t do it all—it’s more like they can’t do any of it fully. Think of …Read More

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Novadebt Changes Name to Navicore Solutions

By Drew Kessler Novadebt, a leader in the field of nonprofit financial counseling and a member of the National Foundation for Credit Counseling, recently announced the organization will begin operating under a new trade name effective October 31st and will be known as Navicore Solutions. “Navicore Solutions reflects the expansion of our service portfolio of compassionate counseling solutions and clearly conveys our mission of helping people navigate life’s challenges, which is at …Read More

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NFCC Honors Achievements in Financial Literacy

By Gail Cunningham The NFCC was pleased to honor five individuals with the prestigious Making the Difference Award at our recent conference held in Seattle, WA September 28-October 1. The award recognizes individuals who have made significant contributions to assisting consumers with financial literacy, awareness and education. The following distinguished and deserving leaders were honored with a 2014 Making the Difference Award: Kevin Rhein, senior executive vice president, chief information …Read More

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