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NFCC Blog: Staying the Course

Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

How Military Service Members and their Spouses can Access Debt Relief

There are many protections for military service members and their spouses, chiefly under the SCRA (Servicemembers’ Civil Relief Act), but it’s important that the military personnel who need these benefits take the proper steps to guarantee their rights are protected. In particular, service members gain special protections while on active duty. They (or their spouses) can’t be evicted, foreclosed upon, or otherwise forced to sell their home. Debt interest rates …Read More

Simple Steps to Save Successfully During Military Saves Week 2017

By Tammy G. Bruzon, Military Saves Military Saves Week (February 27 – March 4, 2017) is an annual opportunity for individuals to assess their savings and take financial action. Each year, we encourage servicemembers and military families just like yours to set a goal, make a plan, and save automatically. This Military Saves Week, try these five simple steps to help yourself save automatically – and successfully: Assess Your Savings …Read More

2016 NFCC Brighter Financial Future Award Winner, Martha Souder

(Pictured Above: Helene Raynaud, President and CEO of Guidewell Financial Solutions, Martha Souder, Award Winner, and Susan Keating, CEO of the NFCC) Every year at the NFCC Connect Conference, we love to highlight the great work that our member agencies do to help their clients.  Many clients achieve financial freedom by paying off their debt in 36-60 months with a plan from their agency.  Each year, a client is chosen …Read More

Celebrating Valentine’s Day on a Budget

The month of February is here, and Valentine’s Day is just around the corner. It’s a great day to really show appreciation for your significant other with a nice dinner and night out on the town. Of course, Valentine’s Day also comes with a cost, and a lot of times it’s heavy. Dinner, a movie, alcohol, gifts. They all add up. With that being said you can still have a …Read More

Sentimental Valentine’s Day Gifts That are Free or Cost Little

Valentine’s Day is a time to show the people we love just how much we love them.  Beware though because advertisers spend millions to tell us to spend a lot of money on Valentine’s gifts. It’s easy to fall into the trap of thinking that how much we spend on someone reflects how much we really love that person. Overspending, even on small gifts, can result in some financial problems. …Read More

Unique Financial Challenges of Military Spouses and Families

Financial Challenges A survey done for the National Foundation for Credit Counseling found that military families and veterans face several unique financial challenges. In 2015, the average military family had seven percent higher unsecured debt balances, about $11,000 less in tangible assets, and fifteen percent higher monthly debt-related expenses. People who are struggling to make ends meet often feel pressured to make quick financial decisions without taking time to consider …Read More

Benefits of Buying a New vs. Used Car

At some point in their lives, a lot of Americans are faced with the decision of whether or not to buy a new car. It certainly has its benefits – no miles, brand-new upholstery, that sweet new car smell. However, is it worth it? There are plenty of benefits to purchasing a used car as well. It really depends on your situation and what you see as the best fit. …Read More