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September 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.

Financial Planners Not Just for the Wealthy

By Jason Alderman Senior Director, Global Financial Education, VISA It’s not uncommon to feel overwhelmed by the sheer number of important decisions we need to make concerning retirement accounts, investments, college savings and other complicated financial issues. That’s one reason more and more people – wealthy and middle-class alike – turn to professional financial advisors to help them navigate an increasingly complex economic world. Some people simply require a one-time, …Read More

NFCC Honors Achievements In Financial Literacy

Making the Difference Awards Bestowed on National Leaders Making a difference is the definition of a life well-lived, and the NFCC is proud to recognize four people who have done exactly that. The NFCC’s Making the Difference Awards honor individuals who have made a significant contribution to assisting consumers with financial literacy, awareness and education. At its Annual Leaders Conference held in San Francisco, CA from September 19 – 21, the …Read More

NAHREP & NFCC Team Up To Expand Access and Awareness Among Latinos for Financial Education/Housing Counseling Resources

The National Association of Hispanic Real Estate Professionals (NAHREP) and the NFCC recently announced a new partnership to expand access to financial education and vital credit and housing counseling services specific to the Hispanic community.  With tools and counseling available in Spanish, NAHREP’s 50 affiliate chapters and the NFCC’s 92 Member Agencies will collaborate to bring a new level of financial literacy to Latinos during these difficult economic times. “By teaming …Read More

Tips on Lending Money to Family and Friends

Money is an emotionally charged issue that has torn apart many a relationship. The NFCC offers the following suggestions when deciding whether to lend or not to lend to a loved one: Just like in Vegas, don’t risk more than you can afford to lose. Loaning money to friends or family is a gamble, so never make a loan if it’s going to put your own financial situation on the …Read More

5 Expenses You Shouldn’t Trim and What to Do Instead

1. Car maintenance Bad idea: Skipping an oil change. You could save $30 now, but that’s little consolation when you see smoke under the hood because your engine seized up, leaving you with a $5,000 bill. Better idea: If your car’s running well, cut back on tune-ups instead. Check with your mechanic, but many will say that if your car seems to be running fine, you may not need it. …Read More

Debt Can Affect Your Health

So many people have debts these days that they are allowing it to affect their health. The cause of people’s ailments such as depression, ulcers, and heart attacks a lot of the time is caused due to worrying about how they are going to pay their debts. Throughout this decade and the last, debt-related stress has only been increasing. Some major reasons why people fall into debt can tied to the …Read More

Avoid Credit and Debit Card Fraud: Get High-Tech Security on Your Next Card

By the AllClear ID team Vanessa here from AllClear ID.  If you use one of Bank of America’s credit cards you can feel a little safer: the bank scored the highest in an annual tally of card issuers’ efforts in identity theft protection. In Javelin Strategy and Research’s seventh annual Card Issuer’s Safety Scorecard, Bank of America scored tops in all three categories — prevention, detection and resolution — to …Read More

Reverse Mortgages Aren’t for Everyone

By Jason Alderman Senior Director, Global Financial Education, VISA You can scarcely turn on the TV without seeing ads for reverse mortgages. They’re touted as a great tool for cash-strapped seniors to tap their home equity to pay off bills while remaining in their homes with no monthly mortgage payments. Although that may be true for some people, these complicated and costly loans aren’t right for everyone, so it pays …Read More

Credit Counselors Gather in San Francisco

National Foundation for Credit Counseling Holding Annual Leaders Conference To Discuss Issues Impacting the American Consumer As our country continues to struggle economically, the NFCC is meeting in San Francisco September 19-21 to hear from industry leaders and address the many pressing issues confronting Americans.  It can be argued that there has never been a more critical time to focus on the many economic hardships facing consumers today, and develop solutions …Read More

NFCC Launches 4th Annual National Protect Your Identity Week

Over 8 million people are victimized by identity theft each year, with ID theft remaining the top complaint to the Federal Trade Commission. There have been breaches of secure information in nearly every sector of the business community as well as the education, healthcare, banking, and even government sectors.  Everyone, even children, is at risk of identity theft. The NFCC is proud once again to take the lead in this …Read More