Go to Top

NFCC Blog: Staying the Course

Dealing With Negative Credit Report Information

By Lauralynn  Schueckler Federal law specifies how long negative information may remain on your credit report. To prevent you from being penalized for past credit mistakes forever, the Fair Credit Reporting Act regulates that negative information, so it can only be reported for seven, ten, or fifteen years at the most. This includes bankruptcies, late payments, accounts that a creditor turned over to a collection agency, tax liens, and judgments …Read More

Americans Not Paying Bills on Time — and Why That’s Bad

By Erin El Issa Paying your bills on time can save you money. You’ll avoid late payment fees and penalty interest rates, and also maintain or build good credit, which can help you get approved for favorable loan terms. Yet, many Americans — especially those in their 20s and early 30s — struggle to get their bills paid on time, according to a recent study by the National Foundation for Credit Counseling. Here’s …Read More

NFCC Network Receives Housing Grant

By Bruce McClary The U.S. Department of Housing and Urban Development (HUD) has awarded over $36 million in grants to hundreds of nonprofit organizations to help families and individuals with their housing needs and to prevent future foreclosures. The NFCC and its member agencies will receive a combined total of more than $6 million of those funds, representing 19.4% of the total award. The NFCC Intermediary received over $1.3 million, with …Read More

Using Your Tax Refund to Pay Down Debt

By Thomas Bright If you waited until April 15 to file your taxes then your next big milestone might be just around the corner. What milestone am I referring to? Your tax refund coming from the IRS! Exciting stuff isn’t it? Before you get ahead of yourself and start thinking about how you’ll spend it, though, you need to reconsider what a refund really is, and you might want to consider …Read More

Life Without A Credit Card

By Kimberly Rotter Life without a credit card is certainly possible but can be inconvenient, to say the least. Consumers who choose to forego credit will be at a distinct disadvantage when it comes to reaching certain pivotal financial goals. Credit Card Required Some transactions are difficult or impossible to make. Car rental agencies are a great example. Although it’s possible to rent a car using a debit card, doing …Read More

How to Get Pre-Approved for a Home Loan

By Tali Wee Many homebuyers think there’s no difference between mortgage pre-qualification and mortgage pre-approval. But the difference can mean getting a home or missing the opportunity. Pre-Qualification A pre-qualification doesn’t mean you’ve secured financing. It means you’ve had a short conversation with a loan officer about your estimated purchase price, down payment, income, debts, and credit score. Then they give you a feel for what your rates and monthly …Read More

Is Your Teen Ready for a Summer Job?

By Jason Alderman For teenagers, that first summer job is a major gateway to adulthood – and the eye-opening realities that come with every paycheck. Unlike chores and the occasional babysitting or lawn mowing job around the neighborhood, salaried employment gives young people their first real taste of the workplace, and what earning a living may be like. Building money responsibility and financial independence is part of that picture. Parents …Read More

NFCC Welcomes New Members

By Bruce McClary The NFCC proudly announces the addition of two new members. NeighborWorks Umpqua and Take Charge America who joined the NFCC during the first quarter of the year, bringing the total membership to 77 agencies with nearly 600 community-based locations across America. “We are pleased to welcome NeighborWorks Umpqua and Take Charge America as the newest members of the NFCC,” said Susan C. Keating, president and CEO of the …Read More

Involving Kids in Family Vacation Planning

By Jason Alderman Travel can be a great learning experience. Asking your kids to help research and execute arrangements on a future trip can be an even better one. Learning about actual costs involved in the average family vacation can be an eye-opener for kids. By planning all or part of the trip, kids can gain an understanding of how to bargain hunt, budget and save money. Here are a …Read More

NFCC Releases 2015 Financial Literacy Survey

By Bruce McClary The NFCC and NerdWallet, a personal finance website, released the results of the 2015 Financial Literacy Survey conducted online on their behalf in March by Harris Poll among more than 2,000 U.S. adults ages 18-plus. In its ninth year, the survey provides a look at the American consumer’s level of knowledge as it relates to financial literacy, as well as trends associated with personal finance behavior. In the …Read More