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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.

Tag Archives: Managing Debt

How to Get Out of Debt

By Lauralynn Schueckler The recent recession affected the financial lives of people all over the country. The recession led to much higher rates of unemployment and underemployment. Because of this, many people needed to rely on credit cards to meet all of their financial obligations and pay for emergencies that arose. While this may have been a good short-term solution, many now find that they have an insurmountable amount of personal …Read More

Hopeful Recovery

By Gary Silverman, CFP® Hopefully we are coming out of the greatest financial mess since the Great Depression. And as the recovery continues, I hope that you, my dear readers, are coming back financially as well. Maybe you finally got a job again. Maybe your reduced hours have been restored. If you were used to regular overtime pay, I hope those extra hours are coming back as well. And if …Read More

NFCC Financial Distress Test

Although many people know what they should do when they are in financial trouble, realizing when that action is necessary can be trickier to figure out. The NFCC suggests that consumers take the following quiz. The results will reveal whether or not they need to seek professional help to avoid falling into a deeper financial quagmire. If financial assistance is indicated, consumers can reach out to an NFCC member agency where they will find …Read More

What to Do When Your Finances Are Out of Control

Have you ever felt like your finances are totally out of control and that there’s no hope of ever recovering from the financial mayhem you’re in?  Given everything that has happened and is still happening with the American economy – lost jobs, mortgages underwater, retirement accounts on life-support — this feeling of hopelessness is understandable. If you think financial stability is out of reach, take heart.  The NFCC wants consumers …Read More