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NFCC Blog: Staying the Course

Credit Counselor Nitzsche: Once Helped, Now He Helps

By Cliff Goldstein Like a lot of young adults, Thomas Nitzsche was able to get approved for several credits cards with high spending limits when he was in his early 20s. And like a lot of people, Nitzsche soon found himself buried under a mountain of debt. “I always maintained good credit, but I was facing about $10,000 in combined debt,” Nitzsche says of that stressful period a decade ago. …Read More

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NFCC Encourages Consumers to Know Their Rights

By Bruce McClary National Consumer Protection Week is being observed from March 1-7, and the NFCC is participating by connecting consumers to resources that can improve their level of financial protection. Consumers who are informed about their rights have an advantage over those who don’t. The following tips can help people learn more about managing their personal finances while protecting themselves from scams and abusive practices: Know the consumer rights …Read More

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Starting Roth IRAs for Your Grandkids

By Jason Alderman Grandparents are notorious for spoiling their grandkids, but sometimes a more strategic approach to giving money can provide grandchildren a much better financial start. A 2012 MetLife Mature Market Institute study reported that 62 percent of grandparents provided financial support or monetary gifts for their grandchildren. In light of the recent economic downturn, some have indicated increased pressure to help out, says the study. If you’re seeking …Read More

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Tips for Renting a Home When Your Credit is Poor

By Stacy Johnson If you’ve ever found yourself in search of a new place to live and your credit is less than perfect, you probably know it’s not easy. It may be especially difficult right now, because in many U.S. cities, rental properties are in short supply, and demand is high. A tight market generally means the qualification criteria will be more stringent to weed out applicants. But there are ways to persuade landlords …Read More

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Most Americans Can’t Survive One Month On Savings Alone

By Mark Foster The majority of Americans would not be able to survive for just one month on readily available savings if they lost their paycheck, according to a new report. A recent study from Pew Charitable Trusts shows a bleak picture of Americans struggling with financial stress. Although the national economy has recovered to some extent, American families are still greatly struggling. The study determined that 70 percent of …Read More

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NFCC Supports America Saves Week

By Bruce McCleary The NFCC is proud to support America Saves Week February 23 – 28, 2015. America Saves is an annual opportunity for organizations to promote good savings behavior, and a chance for individuals to assess their own saving status. Savings is the foundation for financial stability, especially in challenging economic times. Goals like homeownership and retirement are difficult to reach without a healthy savings account. Americans wondering if …Read More

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The High Cost of Health Insurance

By Laura Mangis It’s all anyone is talking about these days: health care and health insurance. You needed to have healthcare insurance by March 31st, 2014, or you would risk getting fined. Whether you have it through an employer, parent, or you are purchasing it for yourself on the Health Insurance Marketplace, you need to be well informed. But a lot of people are still in the dark about the whole “health care …Read More

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Getting Serious? Five Important Money Questions to Ask

By Jason Alderman This Valentine’s Day, consider thinking beyond the roses and candlelight dinners to a potential future of merged finances. If your relationship is heading that way, a discussion is essential before making the move. A 2014 survey by the National Endowment for Financial Education (NEFE) found that 13 percent of adults with combined finances said they had failed to share information about their personal debt or income, which …Read More

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The Price of a Great Valentine’s Day

By Jesse Campbell Valentine’s Day is celebrated around the world. It has historical roots that go all the way back to the 5th century AD. Like most modern holidays, it’s current, commercialized form is a bit disconnected from its origins, but it isn’t very accurate to claim that February 14th is just a “Hallmark holiday” manufactured to sell candy and jewelry. That said, it sure does feel like a thinly veiled excuse …Read More

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6 Credit Traps That Await Divorcing Couples

By Kimberly Rotter The divorce itself doesn’t affect your credit score, but watch out for these common scenarios that most definitely do. Just as your credit scores don’t merge when you get married, they don’t experience any automatic hit or boost when you divorce. The divorce itself is not factored into your credit score whatsoever. However, the process of untangling financially from your ex could leave a mark on your …Read More

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