Can Consumers Count on the NFCC to Find the Right Credit Counseling Agency?

Sometimes the strangest stories come out of the simplest questions. In this case it was an inquiry about National Foundation for Credit Counseling (NFCC) agencies in Connecticut. From the NFCC credit counseling agency locator page for Connecticut there were 25 agencies listed. So having some time to kill, research ensued. But what was perplexing was … Read more

Newly Blended Trade Association Moves Forward in Debt Relief Industry

It’s always nice to see groups in the debt relief industry come together for the greater good. Effective in the early hours of 2016, two trade groups, mostly representing credit counseling organizations, decided to merge to become something bigger and better. The Association of Credit Counseling Professionals, Inc., known as ACCPros, and the Financial Counseling … Read more

National Foundation for Credit Counseling®, American Library Association Join Forces to Better Serve Military and their Families

Members of the U.S. armed forces, Coast Guard, veterans, and their families face financial challenges often not adequately addressed by resources designed for the general public. Two leading nonprofit organizations are now working together to deliver financial education solutions to members of the military and their families in libraries across the country. The National Foundation … Read more

Synchrony Financial Drops $4 Million on Credit Counseling

Synchrony Financial has committed a $4 million grant to the National Foundation for Credit Counseling® (NFCC®) in support of the next phase of the Sharpen Your Financial Focus™ (Sharpen) initiative. The Sharpen program allows consumers to identify their most pressing financial issue, and then helps them select appropriate solution options through education and counseling. The … Read more

Poll Results Show Credit Cards Stay Home This Summer

National Foundation for Credit Counseling (NFCC) While using cash or a debit card is a great way to avoid going into debt, there are some additional considerations that should be made before making them the only options for travel. Washington, DC (PRWEB) July 30, 2015 The June online poll conducted by the National Foundation for … Read more

Higher Credit Card Debt and Fewer Assets Are Among Challenges Faced By Military

Washington, DC (PRWEB) July 02, 2015 Active members of the military, veterans, and their families are routinely facing complex challenges in their daily lives. Thankfully, there is a growing awareness of the benefit that support networks can play in helping our heroes tackle serious medical, logistical and transitional issues. Among the matters that weigh heavy … Read more

National Foundation for Credit Counseling Gets a Load of Cash for Housing Assistance

WASHINGTON, D.C. – March 18, 2015 – (RealEstateRama) — The National Foundation for Credit Counseling (NFCC) is pleased to announce that it has received a grant award totaling $2.3 million from NeighborWorks® America to support foreclosure prevention efforts through its Member Agencies. The NFCC grant is part of $44.8 million in federally appropriated funds awarded … Read more

The National Foundation for Credit Counseling Supports America Saves Week

The National Foundation for Credit Counseling® (NFCC) is proud to support America Saves Week February 23 – 28, 2015. America Saves is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. “Savings is the foundation for financial stability, especially in challenging economic times,” … Read more

Credit Counseling Services and the Bankruptcy Conundrum

A press release out by Advantage Credit Counseling Service drew me to their site today. – Source. While there I came across a good example of the ethical conundrum facing nonprofit credit counselors today. Advance Credit Counseling Service is not alone in dealing with this problem. According to the Advantage Credit Counseling Service website they … Read more

NFCC Press Release Seems to Misrepresent Truth About Credit Counseling. But Why?

The National Foundation for Credit Counseling sent out a press release today claiming their survey uncovered public misconceptions about credit counseling agencies. The press release listed five areas the NFCC felt consumers struggled with in knowing the truth about credit counseling. But some of the points the NFCC felt they needed to clarify appear to … Read more

Consumer Credit Counseling Pros and Cons. My Ultimate Guide to Understanding How Credit Counseling Really Works.

Consumer credit counseling is one of the options people turn to when dealing with debt issues so let’s take an honest look at the pros and cons of the program and what it has to offer. Consumer credit counseling in one form or another has been around as debt proraters, debt lumpers, or debt consolidators … Read more

Consumer Credit Counseling Settles Debt on 50% of its Clients – 1968

As a student of debt history I’m probably one of those odd geeks that spends time reading outdated and arcane material about consumer debt and debt relief activities. Recently I sat down and read a 1968 document put out by the NFCC. Today they are called the National Foundation for Credit Counseling but back then … Read more

Did the NFCC Client of the Year Really Do the Ethical Thing?

The National Foundation for Credit Counseling Recently put out a press release celebrating their clients of the year who, in my opinion, should never have been put into a debt management plan to begin with. See NFCC Celebrates Utter Stupidity and Puts Older Dementia Patient in Debt Management Plan. My goodness, I hate to make … Read more