Credit counseling

Survey: Financial Anxiety Soars as Americans Doubt Ability to Reach Goals

Retrieved on:

Tuesday, April 2, 2024

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WASHINGTON, April 2, 2024 /PRNewswire-PRWeb/ -- As National Financial Capability Month begins, the National Foundation for Credit Counseling® (NFCC) today released the results of their latest Harris Poll survey, conducted among 2,000 U.S. adults ages 18 and over. In its 17th year, the survey provides a snapshot of the American consumer's level of knowledge as it relates to financial capability, as well as behavioral and attitudinal trends associated with personal finance. The 2024 survey is sponsored by the Wells Fargo Foundation.

Key Points:

"This year's survey once again confirms what we already know: there is a significant need for financial education and counseling.
"This year's survey once again confirms what we already know: there is a significant need for financial education and counseling.
"Financial education empowers people to make informed financial decisions and overcome challenges standing in the way of their long-term goals."
This pervasive anxiety is hindering long-term financial planning, with around half feeling uncertainty makes achieving their goals impossible.

American Consumer Credit Counseling Named Best Debt Management Company of 2024 by Forbes Advisor

Retrieved on:

Tuesday, March 26, 2024

ACCC, Credit counseling, Credit, Senior counsel, Financial services

BOSTON, March 26, 2024 /PRNewswire-PRWeb/ -- National nonprofit American Consumer Credit Counseling, Inc. (ACCC) is honored to announce that it has been named the Best Debt Management Company of 2024 by Forbes Advisor. This prestigious recognition comes as a testament to the organization's unwavering commitment to providing exceptional debt management services and financial education since its establishment in 1991.

Key Points:

American Consumer Credit Counseling award coincides with launch of new personal finance app, CreditU
BOSTON, March 26, 2024 /PRNewswire-PRWeb/ -- National nonprofit American Consumer Credit Counseling, Inc. (ACCC) is honored to announce that it has been named the Best Debt Management Company of 2024 by Forbes Advisor .
The organization's comprehensive range of services includes credit counseling, financial education, and debt management plans tailored to meet the unique needs of each consumer.
"We are absolutely thrilled to be recognized by Forbes Advisor as the Best Debt Management Company of 2024," said Allen Amadin, CEO of American Consumer Credit Counseling, Inc. "This accolade reflects our team's hard work, dedication, and commitment to excellence.
ACCC's recognition as the Best Debt Management Company of 2024 by Forbes Advisor is a milestone that underscores the organization's leadership in the financial counseling sector.

Breaking Barriers: NFCC Unveils Game-Changing Video Counseling Program, Revolutionizing Debt Relief and Empowering Bay Area Residents

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Tuesday, December 5, 2023

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RICHMOND, Calif., Dec. 5, 2023 /PRNewswire-PRWeb/ -- The National Foundation for Credit Counseling (NFCC), in partnership with the Wells Fargo Foundation and EAH Housing, is thrilled to announce the upcoming launch of a pilot program aimed at providing video counseling services to individuals struggling with debt and housing insecurity. Location-based video counseling is an outgrowth of a Wells Fargo Foundation initiative which paired Housing Partnership Network (HPN) multi-family properties with credit counseling resources from the NFCC. EAH Housing has been a member of HPN's affordable housing network since 2014. This innovative program leverages technology to connect individuals in need with certified counselors in a secure face-to-face setting. Richmond, CA is among the first communities to be served by this expanding program.

Key Points:

Location-based video counseling is an outgrowth of a Wells Fargo Foundation initiative which paired Housing Partnership Network (HPN) multi-family properties with credit counseling resources from the NFCC.
With over 60 million Americans grappling with debt, the demand for nonprofit credit counseling services has never been greater.
The NFCC recognizes the challenges that individuals face when seeking debt management assistance and aims to reduce barriers and stress through its innovative video counseling program.
"We are committed to empowering individuals in our community to overcome debt and housing insecurity," said Mike Croxson, CEO of the NFCC.

American Consumer Credit Counseling, Inc. Introduces New Finance App CreditU as Mint Closes Its Doors

Retrieved on:

Wednesday, November 15, 2023

Karma, Mint, ACCC, IRA, Credit counseling, Financial management, Financial calculator, Credit Karma, Cryptocurrency, Security (finance)

BOSTON, Nov. 15, 2023 /PRNewswire-PRWeb/ --

Key Points:

American Consumer Credit Counseling, Inc. (ACCC) is excited to introduce CreditU as a robust personal finance app, set to launch in January 2024, providing a compelling alternative following Mint's closure announcement.
With the recent announcement of Mint's closure in 2024, American Consumer Credit Counseling, Inc. (ACCC) is thrilled to unveil CreditU as an alternative financial management app for users seeking a robust and comprehensive personal finance solution.
Credit Score: Users can view their credit score in the CreditU dashboard and get notified when their credit score changes.
In light of Mint's closure, CreditU stands as a positive alternative, offering Mint users a more advanced and feature-rich personal finance app.

New Research Reveals Over Two-Thirds of Adults Have Experienced Financial Trauma

Retrieved on:

Wednesday, October 25, 2023

A staggering 68% of U.S. adults feel they have suffered from, or are currently suffering from, financial trauma according to new research released today by Experian®.

Key Points:

A staggering 68% of U.S. adults feel they have suffered from, or are currently suffering from, financial trauma according to new research released today by Experian®.
A concerning 37% of adults are unaware of where to access trustworthy information about financial literacy.
“Our goal is to normalize conversations about money and financial stress and connect consumers with the financial education and resources necessary to help bring financial power to all.”
Experian’s research underscores adults’ eagerness to improve their financial well-being.
For more information on Experian’s financial trauma research, visit: https://www.experian.com/blogs/news/2023/10/20/breaking-the-chains-of-fi...
1 Credit score is calculated based on FICO Score 8 model, unless otherwise noted.

More than 10,000 people have already pre-ordered the CreditU app by American Consumer Credit Counseling

Retrieved on:

Tuesday, October 3, 2023

Natural language processing, IPhone, ChatGPT, Android, IOS, Credit counseling, Machine learning, ACCC, Financial management, Video game, Mobile phone, Retail, Customer service

BOSTON, Oct. 3, 2023 /PRNewswire/ -- American Consumer Credit Counseling, Inc. (ACCC) announced today that more 10,000 people have already pre-ordered the evolutionary CreditU mobile app, which officially launches in 2024.

Key Points:

BOSTON, Oct. 3, 2023 /PRNewswire/ -- American Consumer Credit Counseling, Inc. (ACCC) announced today that more 10,000 people have already pre-ordered the evolutionary CreditU mobile app, which officially launches in 2024.
The CreditU app will combine live interaction with ACCC's expert counselors and an AI-supported platform that draws from thousands of credit counseling calls to deliver customized debt management and other financial solutions for app users.
ACCC's expert financial counselors are also available through live chat to enhance the CreditU app experience with human interaction.
American Consumer Credit Counseling, Inc. invites individuals to secure their position on the pre-order waiting list exclusively at CreditU.org .

The CreditU app by American Consumer Credit Counseling will unify the user's financial universe with AI and human interaction.

Retrieved on:

Wednesday, September 20, 2023

Database, Natural language processing, IPhone, Senior counsel, ChatGPT, Intelligence, Android, IOS, Credit counseling, Machine learning, Empathy, AI, ACCC, Financial management, Online shopping, Retail, Customer service

BOSTON, Sept. 20, 2023 /PRNewswire/ -- American Consumer Credit Counseling, Inc. (ACCC) announced today that its revolutionary CreditU mobile app will combine live interaction with ACCC's expert counselors and an AI-supported platform that draws from thousands of credit counseling calls to deliver customized debt management and other financial solutions for app users.

Key Points:

"The CreditU mobile app does what no other financial management tool has done.
The CreditU app revolutionizes debt management by dramatically accelerating the process of intake required for credit counseling.
And of course, ACCC's expert financial counselors are available through live chat to enhance the CreditU app experience with human interaction.
American Consumer Credit Counseling, Inc. invites individuals to secure their position on the pre-order waiting list exclusively at CreditU.org.

Study Highlights Benefits of Combining Short Term Payment Relief with Longer Term Assistance Plans for the Most Vulnerable of Consumers Struggling with Credit Card Debt

Retrieved on:

Monday, August 28, 2023

National Foundation for Credit Counseling, Distress, Ohio State University, COVID-19, Delinquent, Credit counseling, Blebbishield emergency program, University, DMPS, NFCC, Research, Credit, Bank

WASHINGTON, Aug. 28, 2023 /PRNewswire/ -- A new research paper released today underscores the importance of evaluating whether the most vulnerable and distressed borrowers need longer term repayment plans soon after they first enroll in natural disaster or other emergency relief programs with credit card lenders.

Key Points:

Moreover, consumers who enrolled in DMPs five to six months after the end of their forbearances had higher levels of delinquency than those who enrolled earlier.
This suggests that there is a relatively short window to transition still-distressed borrowers to longer term programs before their finances deteriorate further.
Among longer term options offered by lenders and others, debt management plans that are administered by nonprofit credit counseling agencies often provide significant interest rate reductions and a structure for paying down balances across multiple credit card lenders.
This study is part of a broader research project to evaluate ways to improve debt resolution options for consumers who are struggling to manage credit card and other general unsecured debts.

CSX and Operation Homefront Unite to Ensure Military Children are Prepared to Start the New School Year

Retrieved on:

Monday, July 17, 2023

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SAN ANTONIO, Texas, July 17, 2023 /PRNewswire-PRWeb/ -- For the fifth year, CSX is joining forces with national nonprofit Operation Homefront to support America's military families at a time of year when their finances are already strained by assembling and distributing more than 1,200 backpacks and essential school supplies to military children in Clarksville, Tennessee; Fayetteville, North Carolina; and Baltimore, Maryland as a part of Operation Homefront's annual Back-to-School Brigade®. Operation Homefront will distribute backpacks to 30,000 military children across the country this year, aiming to reach an historic milestone, distributing its 550,000th backpack since the program launched in 2008, saving families more than $60 million to date.

Key Points:

"We are incredibly grateful to CSX and their dedicated employees for their unwavering support of our nation's military families," said Margi Kirst, Chief Revenue Officer of Operation Homefront.
CSX is a longtime advocate of military families.
In addition to supporting the Back-to-School Brigade®, CSX provides much-needed funding for Operation Homefront's Critical Financial Assistance program for military families in need.
The nonprofit has fulfilled more than 54,000 requests through that program, providing more than $38 million in critical financial assistance to military families.

American Consumer Credit Counseling (ACCC) to unveil its groundbreaking CreditU mobile app. Consumers urged to join pre-order waiting list before nationwide launch in October

Retrieved on:

Thursday, June 15, 2023

IOS, Credit counseling, Executive, IPhone, ACCC, Android, Financial management, Mobile phone, Management

BOSTON, June 15, 2023 /PRNewswire/ -- American Consumer Credit Counseling, Inc. (ACCC) announced today it is urging clients and other consumers to join a pre-order waiting list for its CreditU mobile app, which launches nationwide in October.

Key Points:

BOSTON, June 15, 2023 /PRNewswire/ -- American Consumer Credit Counseling, Inc. (ACCC) announced today it is urging clients and other consumers to join a pre-order waiting list for its CreditU mobile app, which launches nationwide in October.
Powered by ACCC, CreditU is an unparalleled one-stop-shop for all financial needs that revolutionizes the landscape of personal finance with state-of-the-art AI technology and human expertise integration.
American Consumer Credit Counseling, Inc. invites individuals to secure their position on the pre-order waiting list exclusively at CreditU.org.
"We wholeheartedly encourage all consumers seeking the finest personal finance tools available to join the pre-order waitlist for CreditU by visiting CreditU.org ".