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June 2011

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.

Juggling Love And Money

Financial problems are often cited as the number one cause of divorce in America. This is because love and money can be a highly mercurial combination. Couples should take the time to have a serious conversation surrounding money. The fact of the matter is that people bring financial baggage into a relationship, and often don’t deal with it until problems arise. That baggage can come in the form of a …Read More

InCharge Debt Solutions Joins NFCC

The NFCC is proud to welcome InCharge Debt Solutions, Inc. as a new member of the NFCC network of credit counseling agencies.   “We are pleased to have InCharge join the NFCC,” said Susan C. Keating, president and CEO of the NFCC.  “They are well aligned with the NFCC mission of providing the highest quality services to consumers, and will help us speak with an even stronger voice as we move …Read More

The Assurance Of Having Insurance

Today, you can get insurance on almost every purchase you make. Besides the traditional, such as auto, home and life insurance, you can also insure your computer, MP3 player, jewelry and works of art. Celebrities have even gone as far as to insure particular body parts: Bruce Springsteen’s voice is insured for $6 million dollars, and NFL quarterback Peyton Manning reportedly insured his right arm. But when it come down to …Read More

NFCC Financial Distress Test

Although many people know what they should do when they are in financial trouble, realizing when that action is necessary can be trickier to figure out. The NFCC suggests that consumers take the following quiz. The results will reveal whether or not they need to seek professional help to avoid falling into a deeper financial quagmire. If financial assistance is indicated, consumers can reach out to an NFCC member agency where they will find …Read More

Last Chance To Vote On A Simpler Mortgage Disclosure

Earlier, we told you how the Consumer Financial Protection Bureau (CFPB) is striving to condense mortgage disclosure forms into one shorter, simpler form. Now, after hearing feedback from over 13,000 consumers, lenders and housing counselors, they’ve finalized drafts of two sample forms to replace the Good Faith Estimate and the Truth in Lending form. The CFPB, along with considering online input, put these forms through five rounds of tests in …Read More

The NFCC’s Crash Course On College Credit

For incoming freshmen, college means one thing: freedom. It also is usually a person’s first experience with credit cards. According to a recent study by Student Monitor, nearly two-thirds of college undergraduates acquire their first credit card before age 19. Eighty-seven percent of those are freshmen. While college is full of exciting and new adventures, the NFCC wants to remind college freshmen that these years are critical to one’s financial …Read More

Preparing For Possible Unemployment: Part Two

According to a CNN/Opinion Research Corp. survey, worries about unemployment have tripled over the past year. Here are a few more tips from the NFCC to help you plan ahead for potential unemployment. Address any current medical issues and research medical insurance options. If you’re been delaying having that tooth filled or your annual checkup, be sure to take advantage of insurance coverage while you still have it. The loss …Read More

Money Management International offers Webinars for National Homeownership Month

In honor of National Homeownership Month Money Management International, the nation’s largest full-service, credit counseling agency and a member of the NFCC, is offering free public financial Webinars to consumers who want to learn more about housing and financial issues. Webinar times are listed according to Eastern Standard Time (EST). 6/28/2011, 7:00 p.m. – Putting Your Debt on a Diet 6/29/2010, 10:00 a.m. – Your Credit Report and Credit Score To …Read More

NFCC Receives Maximum Share Of Grant To Assist Homeowners

The NFCC is pleased to announce that it has been awarded a maximum grant of $5,821,833.60 under the Emergency Homeowners Loan Program (EHLP).  This award represents approximately 25 percent of the total $22,990,954 allocated under EHLP. The Dodd-Frank Wall Street Reform and Consumer Protection Act provided $1 billion to the U.S. Department of Housing and Urban Development (HUD) to implement EHLP, withNeighborWorks America providing key EHLP program administration functions on …Read More

Planning Ahead For Possible Unemployment

According to the U.S. Department of Labor, unemployment applications rose by 9,000 last week. It was the second increase in three weeks and the biggest jump in a month. Unemployment has remained a major concern for many people across the nation. To ease some of that worry, the National Foundation for Credit Counseling recommends that consumers take the following steps to solidify their financial footing before a job loss becomes a reality in their life: …Read More