Archive for the 'Consumer Questions' Category

 Understanding the Importance of a Credit Report

By Gail Cunningham The Consumer Financial Protection Bureau (CFPB) recently announced that it would soon begin examining credit reporting agencies to confirm, among other things, that they are producing accurate credit reports and that consumers have ample ability to dispute errors on their reports. An accurate credit report is critical to a person’s financial future, […]



 Choosing a Financial Advisor – Part 2

 By Gary Silverman Investment advisor, financial planner, financial advisor, stockbroker, registered investment advisor, insurance agent, retirement planning specialist, personal financial specialist…what the heck do all these mean and what do they all do? Heck if I know. You see, some of the designations above require specific licenses, some infer a certain level of expertise, and […]



 Choosing a Financial Advisor: Part One

By Gary Silverman People regularly ask me how to choose a financial advisor. After my stock answer of “choose me,” I begin by asking them why they want one. Financial advice means different things to different people. One such person told me that he had some stocks that he wanted to buy and wanted me […]



 Elderly Mom Destitute With Credit Card Debt

By Erica Sandberg Erica, My mom is 77 years old. She lives in a one-bedroom apartment and has no assets (no car in her name, no IRA, no stocks, no retirement income, absolutely nothing). She lives entirely off her Social Security check each month. However, she managed to rack up about $15,000 on a credit […]



 Make Sure Your Financial House Is In Order

Yesterday over 100,000 Americans went online to watch President Obama answer live questions from Twitter users for the first “Twitter Town Hall.” For an hour, he answered questions from consumers about the economy. According to the White House, most of the questions concerned jobs (23%), the budget (18%) and taxes (11%). It seems that Americans […]



 Financial Spring Cleaning Tip of the Day: Ask an Expert

If you don’t know where to start or you’re not sure what to keep or toss, consider contacting an NFCC Member Agency. From financial education to debt management services, NFCC’s nonprofit agencies have certified credit counselors who offer low-cost and free financial educational information, money and credit management advice, and debt reduction services. To locate […]



 NFCC and United Way Worldwide Join Together to Help Financially Distressed Consumers

The National Foundation for Credit Counseling, Inc. (NFCC) and United Way Worldwide (UWW) each have a commitment to ensuring that individuals and families experiencing financial hardship have access to quality financial education, appropriate financial products, accredited counseling services and financial assistance. The two organizations are pleased to announce that this shared commitment has resulted in […]



 Most Frequently Asked Questions By Consumers, Part 6

What follows is the final installment in a series of the most frequently asked questions of counselors in the NFCC’s Member Network. What are the three most important financial goals for someone’s future? The truth of the matter is that everyone’s financial goals are different, so the three most important financial goals are almost guaranteed […]