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NFCC MARKS FINANCIAL LITERACY MONTH
WITH SERIES OF EVENTS

Washington, DC - The National Foundation for Credit Counseling (NFCC) is proud to continue its six-decade mission of promoting financial literacy, and commends Congress for recognizing the importance of financial education by designating April as Financial Literacy Month.

"The NFCC continues to set the standard for the delivery of financial education and counseling, advancing the NFCC's vision of creating a national culture of financial responsibility in this country," said Gail Cunningham, spokesperson for the NFCC. "Although we believe that consumers should live as though every month were Financial Literacy Month, April provides the opportunity to bring increased consumer attention to this critical issue."

The NFCC and its Member Agencies are maximizing the opportunity to highlight financial education to consumers through a series of events, including:
  • NFCC launches new online counseling request form. Recognizing the increased demand for counseling via the Internet, the NFCC revamped and retooled its online counseling request mechanism to connect consumers to the help they need easily and quickly. The process begins with the consumer providing standard intake information which is then securely transmitted to an NFCC Member Agency. Next, a trained and certified counselor reviews the form and contacts the consumer to begin the process of finding solutions to their financial concerns.
  • Presentation of National Survey Results on Consumer Financial Literacy. The fifth annual national survey, conducted by Harris Interactive, Inc. is rich with data around consumers' shifts in spending and saving in recent years, what circumstances Americans feel are acceptable reasons for defaulting on a mortgage, how closely they monitor and keep track of their own finances, who they turn to for advice and help, how receptive they are to professional financial advice and education and their overall financial health. The complete results of this survey will be published on the NFCC website on April 4.
  • Take the Debt Free Pledge Campaign. During April, the NFCC is collecting pledges from consumers across the nation to become debt free. The pledge is a no-strings-attached commitment to self, and asks the individual to write down four things: how they got into their current financial situation, the concrete steps they intend to take to resolve it, and both their short and long-term goals. The initiative is meant to encourage individuals to take action by focusing on their financial situation, understanding the benefits associated with a debt-free lifestyle and taking the steps necessary to move toward financial stability. Consumers can visit the NFCC website to take the pledge, view the materials and find tips on making their debt-free dream a reality.
  • Shred Your Debt Day. A recent study released by Equifax identified cities across America whose populations had the highest debt levels relative to their income. Wilmington, NC sat at the top of the list. In conjunction with Cintas Document Management and Equifax, the NFCC will host a series of monthly Shred Your Debt events in the cities identified as most in need of financial education, launching with the kick-off event at the Consumer Credit Counseling Service in Wilmington on April 30.
  • Shred Your Debt Contest.To bring additional consumer attention to financial literacy, Cintas Document Management, Equifax and the NFCC are hosting a contest with the winner receiving $2,000 to pay down their existing debt, a money coaching session with a nationally recognized personal finance expert, the Equifax Debt Wise™ product and ongoing credit counseling with an NFCC Member Agency. Contestants simply submit an essay explaining their financial situation, and why they should be the one to win. To enter the contest, consumers can visit the NFCC website.
  • Answering consumer's personal finance questions. The NFCC is teaming with USA Today to answer their reader's personal finance questions during the last week of April. Trained and certified credit counselors from NFCC Member Agencies across the country will assist consumers with their financial concerns related to credit, debt or housing through questions submitted to USA Today during that week.
  • National Poster Contest Winner Announced. Each year the NFCC hosts the Be MoneyWi$e National Financial Literacy Poster Contest to introduce school-aged children to the concept of financial literacy, allowing them to express their concepts through artwork. This year close to 1,800 students from grades three through 12 submitted posters around the theme of "Be a Superhero! Save Money!" The national winner will be announced and honored at the 2011 Jump$tart Coalition Awards Dinner in Washington, DC on April 13.
  • NFCC Member Agencies nationwide will be hosting local events specific to their communities during Financial Literacy Month.
"The wide variety of events the NFCC and the Member Agencies have planned for Financial Literacy Month illustrates our commitment to raising the level of financial know-how in this country," continued Cunningham. "As the economy continues to struggle, it is vitally important that all Americans take responsibility for their financial future by improving their level of financial literacy."

To find the NFCC Member Agency closest to you, or to learn about Financial Literacy Month events in your area, call (800) 388-2227, or go online to www.DebtAdvice.org. For information en Español, dial (800) 682-9832 or visit www.Termineconsudeuda.org.

The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation's largest and longest serving national nonprofit credit counseling organization. The NFCC's mission is to promote the national agenda for financially responsible behavior and build capacity for its Members to deliver the highest quality financial education and counseling services. NFCC Members annually help over three million consumers through close to 800 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit www.nfcc.org. Visit us on Facebook at http://www.facebook.com/NFCCDebtAdvice and on Twitter at http://twitter.com/NFCCDebtAdvice.
The NFCC Vision is to create a national culture of financial responsibility.
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