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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.

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 to buy them for him. Well, that’s not giving financial advice. He did his own …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

To Lend Or Not To Lend

Shakespeare was apparently on to something when he wrote that lending money to friends often resulted in the loss of both the friend and the money. Money is an emotionally charged issue that has torn apart many a relationship. “Blood may be thicker than water, but money can be the great divider, even in a family,” said Gail Cunningham, spokesperson for the NFCC. “One NFCC Member Agency reported a situation …Read More