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NFCC

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.

Credit Counselor Honored For Outstanding Work

Outstanding Individual Counselor Named Consumers in Nevada would agree that their state could rival all others when it comes to economic setbacks.  While consumers are forced to face incredible challenges, helping them put the pieces of a broken financial life back together is a challenge Jill Perry with Consumer Credit Counseling Service of Southern Nevada and Utah willingly takes on. Of more than 3,000 NFCC counselors, only one is selected each …Read More

Michigan Couple Refuses To Walk Away From Debt Obligations

Repays $92,000 through Debt Management Plan Many people would walk away from $92,000 in credit card debt, but not Jerry and Sue Bailey, who were recently honored with the NFCC’s Professional Achievement and Counseling Excellence (PACE) Clients of the Year Award.  The Jackson, Michigan couple was committed to repaying their debt obligations in spite of having had bankruptcy recommended to them.  Searching for alternatives, their credit union suggested they reach …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

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

Wells Fargo Increases Commitment to Credit Counseling Nonprofits; NFCC to Receive $250K

Wells Fargo & Company today announced it will increase its commitment to credit counseling nonprofits by $5.4 million to a total of $12.4 million in 2011 — a 35 percent increase over the $9.2 million in 2010 — for national and local credit counseling agencies. The company has taken this extra measure in an effort to sustain vital services provided by non-profit agencies who work with customers with financial challenges …Read More

Stretching The Dollar While Back-To-School Shopping

Before you know it, it will be time for students to start getting ready to go back to school. Back-to-school time can be bittersweet for parents and kids alike. For kids it means an end to the care-free days of summer. And for parents it means an expensive annual tradition. But back-to school shopping doesn’t have to break the bank. By planning ahead, there are plenty of ways to be a …Read More

Teaching Your Children The Value Of Money

The NFCC’s 2011 Financial Literacy Survey found that 42% of adults garnered most of their personal finance knowledge from their parents. Only about 1 in 10 adults learned about this subject at school or from a financial professional.  It is now more important than ever to make sure your children understand the basic concepts of financial awareness. The following steps can help arm children with smart financial skills that can …Read More

Create Your Own Stimulus Plan

Although the federal government and many household budgets have one thing in common, both are in the red, there is one critical difference: consumers cannot raise their debt ceiling in order to continue borrowing. Further, they cannot operate in the negative year after year, or financial doom is a certainty. “Many consumers have been renting their lifestyle by living off of credit, and it’s time they took ownership,” said Gail …Read More

Should I Stay Or Should I Go?

Back in 1981, a band known as The Clash recorded their only number-one hit, “Should I Stay or Should I Go?” Unfortunately, that is an all too familiar refrain among homeowners facing foreclosure. “Getting into the house of your dreams is just the first step. The long-term objective is staying there,” said Gail Cunningham, spokesperson for the NFCC. “However, if making the mortgage payment is a struggle month after month, …Read More

How To Negotiate With Your Creditors

Let’s face it, we live in a credit-dominated society. Most of us can pay cash for our daily living expenses, but when it comes time to make a major purchase such as a house or a car, we need a thick credit file with a long history of responsible payments. Credit is a convenience that keeps us from having to carry large amounts of cash, and also allows us to …Read More