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Credit Counseling

Understanding the Importance of a Credit Report

The Consumer Financial Protection Bureau (CFPB) releases a yearly summary of complaints related to the financial service industry, which includes credit reporting agencies. Based on a tally of all complaints submitted to the CFPB website in 2016, the greatest portion were about credit reporting issues. By the numbers, that comes to more than 43,000, or about 23% of the total 186,000 complaints. While the CFPB doesn’t collect data about how …Read More

Single Mom Tackles Over $80,000 of Debt with Credit Counseling Help

  By Mark Foster Carmen Harmon of Rogers, a single mom of three children who went through an emotionally difficult divorce that sent her finances into a downward spiral, was selected as the COA Debt Free Client of the Year. In the years following the divorce, she had accumulated $82,000 of credit card debt. She also bought a home, but was unable to sell her previous home, so she was …Read More

How to Get on the Path of Financial Freedom: 6 Tips to start saving more and spending less

If you are like many Americans, you may find that the achievement of your dreams often comes at an expense. Whether your goal is to own a home, become an entrepreneur, or travel the world, you need a sense of financial freedom.  You do not need to have a lot of money to be financially free, you just have to be wise with the money you have. Here are tips …Read More

The NFCC Congratulates NerdWallet for their Recent Award

 By Tara Carter Congratulations to our friends at NerdWallet for their Honorable Mention in the Most Innovative Non-Bank Financial Services Organization category at the 2016 BAI Global Banking Innovation Awards! Those nominated for this award are non-bank financial service organizations that provide financial products or services directly to consumers.[i] NerdWallet stood out among many others with their free online Checking Account Tool that evaluates 14 inputs from users against more than …Read More

5 Myths About Credit Counseling

 By Steve Nitz NFCC member agencies provide financial education to millions of consumers each year. These appointments can be either in person, over the phone or online. However, there’s a good amount of the country’s population that’s afraid to schedule a counseling appointment due to a number of misconceptions. Here are five myths about credit counseling, debunked: I. Credit counseling will hurt your credit score Possibly the biggest misconception when …Read More

Researchers from The Ohio State University reveal the impact of credit counseling.

Since its launch in 2013, the Sharpen Your Financial Focus (Sharpen) initiative of the National Foundation for Credit Counseling (NFCC) has impacted the lives of more than 60,000 American consumers, helping them identify and resolve immediate financial concerns, gain a deeper understanding of financial literacy and debt management, and move toward long-term financial stability. To measure the extent of its impact, an independent, scientifically based evaluation was conducted by researchers at …Read More

Credit Counselor Hefferon: Smiles Are Her Reward

By Cliff Goldstein When Sunshine Hefferon answers the phone at work, she doesn’t know what the caller’s mood, motivation, or state of mind will be. “I might get someone who’s crying because they’re at wits’ end. I might get someone who’s angry, and I have to remember it’s not about me. You have to meet each person where they are. I try my best to listen, to validate them.” Hefferon …Read More

Credit Counselor Nitzsche: Once Helped, Now He Helps

By Cliff Goldstein Like a lot of young adults, Thomas Nitzsche was able to get approved for several credits cards with high spending limits when he was in his early 20s. And like a lot of people, Nitzsche soon found himself buried under a mountain of debt. “I always maintained good credit, but I was facing about $10,000 in combined debt,” Nitzsche says of that stressful period a decade ago. …Read More

The Value of Credit Counseling in Everyday Life

By Lauralynn Schueckler Credit counseling is often an overlooked free financial tool in our busy everyday lives. We need good credit for everything these days as we transition to less and less cash in our lives. The truth is good credit is not only for financing, but it’s also essential in setting up utilities, getting a cellular phone, or even landing a job. Unfortunately, most people only really think about …Read More

Start Making Some Money Plans

By Sara Gilbert, GreenPath Debt Solutions Why do we wait to take action? Especially when the chips are down and decisions are difficult, taking action can be tough indeed. Doing nothing, though, has its own set of consequences, so why do we wait? In our counseling sessions at GreenPath, many if not most clients, tell us that they waited quite some time before making an appointment with one of our …Read More