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NFCC Blog: Staying the Course

NFCC Honors Clients of the Year at Annual Leaders Conference

By Gail Cunningham Not many people would say that accumulating $38,000 in credit card debt was one of the best things that ever happened to them. Nonetheless, that’s how the NFCC’s 2014 PACE Clients of the Year, Jonathan and Hope Unverzagt, sum up their experience. The Unverzagts were honored with the prestigious award during the NFCC’s recent conference in Seattle, WA. It was a happy ending with a rocky beginning. The …Read More

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The Ins and Outs of 529 College Savings Plans

By Jason Alderman For many people, their biggest expenses in life are funding retirement, buying a home, and paying for their children’s college education – or a portion of it, anyway. Setting aside money for these and other financial goals is difficult, especially when you’re trying to save for them all simultaneously and from a young age. Let’s tackle saving for college. As with any long-term savings goal, the earlier …Read More

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NFCC Distributes Thousands of Free Financial Education Resource Tools

By Gail Cunningham During the first year of  NFCC’s Sharpen Your Financial Focus(TM) program, more than 18,000 12-month memberships to Experian’s freecreditscore.com product were distributed to consumers at no cost to them. Program participants are eligible to receive the free 12-month membership to the freecreditscore.com product through a generous donation from Experian in support of financial education. The freecreditscore.com financial resource complements the skills learned through the Sharpen Your Financial Focus program. …Read More

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One in Five Could Not Maintain Lifestyle Without Credit Cards

By Gail Cunningham The ability to put away the plastic and successfully live on a cash basis is an indicator of financial stability, as it proves a person’s lifestyle is in line with their income. However, the recent NFCC online poll revealed that one in five people could not make ends meet without the use of credit. Another twenty-two percent of respondents said that if asked to live on a …Read More

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Create and Grow Your Emergency Fund Safety Net

By Mark Foster Emergencies are a fact of life. A lot of things in life aren’t planned – a flat tire, an emergency room visit, or a broken air-conditioner, for example. The question isn’t whether an emergency will pop up, but whether someone is prepared for it or not. Many people are not financially ready for an emergency. In fact, 39 percent of American adults have no savings to cope …Read More

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6th Annual Jump$tart Educator Conference Now Open for Registration

By Drew Kessler Calling all teachers! Registration is now open for the 6th Annual Jump$tart National Educator Conference, devoted to classroom educators who teach personal finance or want to incorporate money lessons into other subject matter, grades PreK-12.  Join Jump$tart November 8-10, 2014 at the Omni Hotel at California Plaza, Los Angeles, CA. Through the generosity of Experian, Wells Fargo Foundation, and many sponsors, Jump$tart is able to offer teachers the very …Read More

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Divorcing? Protect Your Finances, Personal Data

By Jason Alderman No doubt you’ve seen many warnings against sharing personal or financial information with strangers, but what about your spouse – or ex-spouse? A recent study by McAfee revealed some unsettling findings: Although 96 percent of adults surveyed trust their significant other with passwords, intimate photos, and other personal content they’ve shared via mobile devices, only 32 percent have asked their ex to delete the information when ending …Read More

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Ten Reasons Credit Card Applications May be Declined

By Gail Cunningham People apply for a credit card for many different reasons. Some are new to the world of credit and just getting started, while others are hoping to expand their access to credit. Regardless of the reason, no one applies for a card hoping their application will be rejected. To improve the likelihood of approval, consumers need to understand the credit decisioning process. Each lender has different criteria …Read More

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What is a Credit Score Hard Pull?

By Melinda Opperman When your credit report is pulled for any reason, it is counted as an “inquiry”. There are two kinds of inquiries; hard and soft. A hard inquiry is when your credit report is pulled by a financial institution for credit purposes. That is, if someone is considering whether or not to give you a loan, that’s a hard inquiry. Hard inquiries can include mortgage, auto, and credit card applications. …Read More

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Complete a Financial Check-upBefore Beginning Holiday Spending

By Gail Cunningham The NFCC encourages consumers to be aware of their current financial situation before beginning holiday spending, and provides the 2014 Holiday Financial Reality Check-up to evaluate their readiness to take on new debt. Consumers may still be receiving the summer vacation and back-to-school bills, but should not lose sight of the fact that the holiday spending season is just around the corner. This makes it vitally important …Read More

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