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2013 media mentions archive

HOW TO LEND MONEY TO FAMILY AND NOT REGRET IT 

(INVESTOPEDIA) – December 10, 2013 -  When times are tight, often the quickest path to some much-needed cash is through a loan from a friend or a family member. According to Boston-based American Consumer Credit Counseling  (ACCC), 82% of all Americans would help a family member financially. Younger family members are especially generous, with 92% of individuals aged 18-34 saying they would loan cash to a family member in financial distress.

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SURVEY: MONEY THE LEADING CAUSE OF STRESS IN RELATIONSHIPS

(NECN) – December 5, 2013 -  A new study from the American Consumer Credit Counseling finds that money is the leading cause of stress in all relationships. Matt Paradise, community outreach leader with the ACCC, joined us to talk about the results. Paradise said, “Communication is critical.”

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NEARLY 3 IN 5 AMERICANS SAY MONEY IS THE LEADING CAUSE OF STRESS IN THEIR RELATIONSHIP ACCORDING TO AMERICAN CONSUMER CREDIT COUNSELING SURVEY

(Newsday.com) – December 3, 2013 - No other topic is most likely to prompt a spat in a relationship than money, according to a recent online survey by national nonprofit American Consumer Credit Counseling, with an overwhelming 54 percent of survey respondents stating that financial issues are the leading cause of stress in a relationship, while only 5 percent of respondents indicated fidelity and trust were an issue and only 9 percent cited in-laws as the biggest stress trigger.

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CASH ONLY HOLIDAY CHALLENGE FEATURED ON FOX NEWS BOSTON

(MyFoxBoston.com) – November 27, 2013 - Fox 25 Boston interviews Community Educator Matthew Paradise on ACCC's Cash-Only Holiday Challenge and other budgeting tips to not incur new credit card debt this holiday season. 

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HOSTING THANKSGIVING ON A TIGHT BUDGET

(MainStreet.com) – November 21, 2013 - A Thanksgiving meal has traditionally been the time to celebrate what life has to offer with family members. Yet with rising food prices, the American holiday can put a stress on finances. Fret not, though: there are many ways to express gratitude without breaking the bank.

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SPARE CHANGE: "THE I WEAR YOUR GRANDAD'S CLOTHES" EDITION

(GetRichSlowly.com) – November 22, 2013 - Readers, you’re about to witness me use dated vocabulary, talk about gas prices, and reveal my love of the elbow patch. You might wonder if it’s actually me, a gal who wasn’t alive for the Carter administration, and not a curmudgeonly old man. I have no explanation for how or why this theme emerged, other than that I’ve been middle-aged since I was 17. 

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WHAT EVERYONE NEEDS TO KNOW ABOUT PROTECTING PERSONAL DATA

(The Sparefoot Blog) – October 22, 2013 - When it comes to security breaches and identity theft, no industry appears to be immune—not even self-storage. In early September, self-storage company Public Storage Inc. experienced a technical glitch that allowed one of its tenants to view the leasing information of 745 Public Storage tenants while accessing his lease documents online. That information included names, addresses and driver’s license numbers.

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AMERICA TURNING CASHLESS AS 8 IN 10 CONSUMERS OPT FOR PLASTIC, ACCORDING TO AMERICAN CONSUMER CREDIT COUNSELING SURVEY

(Virtual Strategy Magazine) – October 16, 2013 - More American consumers are consistently choosing ‘plastic’ over ‘paper’ to shop for everyday purchases such as gas, meals and groceries according to a recent online survey conducted by American Consumer Credit Counseling.  The national nonprofit found that 80 percent of all respondents reported using their debit card for daily shopping expenses, while only 14 percent of respondents prefer to use cash. Of the 324 respondents, 100 percent aged 18 to 24 pay with their debit card over cash when purchasing daily necessities.

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WHAT DO WEEKDAY WEDDINGS SAY ABOUT YOUR LOCAL ECONOMY?

(Reynolds Center Business Journalism) – October 14, 2013 - Spring may be the traditional season of brides, but fall is when a lot of wedding planning takes place. Party planning trends also can make for interesting local economic indicators, and with holiday season coming up you can double-dip in interviews, getting a read on corporate and private Christmas bookings as well as nuptial trends.

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BECOMING DISLOYAL: 6 REASONS TO QUIT A LOYALTY PROGRAM

(Fox Business) – October 4, 2013 - Reward programs have covertly taken over America's key rings, eaten up prime real estate in consumers' wallets and spammed inboxes. They offer countless "deals," but at some point, your loyalty may cost you too much time and headache to be worthwhile.

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STUDENTS GRADUATE SMOC SUMMER JOBS PROGRAM 

(The Metro West Daily News) – September 6, 2013 - For seven weeks this summer, the South Middlesex Opportunity Council's (SMOC) 2013 Summer Jobs for Youth placed 16 teenagers in 10 different internships, both at SMOC and the United Way's Pearl Street Cupboard and Café in Framingham.

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A SIMPLE WAY TO SAVE: BANISH LATE FEES

(US News & World Report)— A $5 late penalty from your phone company here, $2.50 for overdue library books there. It's easy to forget that late fees really do add up, and avoiding them is more than just a way to save a few bucks. If you're living paycheck to paycheck, or just have the sense that your money should be going a little further, avoiding late fees can almost be a full-blown financial strategy.

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WEDDINGS GET TOO COSTLY - FOR GUESTS

(Market Watch)— Throwing a wedding costs a fortune. Going to one isn't a bargain either. As guests struggle to afford to attend, the bride and groom both could end up left at the alter, a new survey suggests.

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INVESTING FOR RETIREMENT: THERE ARE NO EXCUSES

(The Motley Fool) July 16, 2013—If you're not investing for retirement, you've got some explaining to do. And so do many others. According to the Employee Benefit Research Institute's (EBRI) 2013 Retirement Confidence Survey, only 66% of Americans have saved money for retirement, and nearly half (46%) have saved less than $10,000. A recent American Consumer Credit Counseling poll found that about 30% of Americans are not contributing to a retirement account at all. There are lots of reasons people might offer for not investing for retirement -- but few of them hold water. Let's examine some.

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AMERICAN CONSUMER CREDIT COUNSELING TO PARTICIPATE IN AMERICAN BANKRUPTCY INSTITUTE’S 20TH ANNUAL NORTHEAST CONFERENCE AND FORUM

PRWEB (July 9, 2013)—American Consumer Credit Counseling (ACCC) announced today that the non-profit will participate in the American Bankruptcy Institute’s 20th Annual Bankruptcy Conference and 8th Annual Consumer Forum in Newport, Rhode Island from July 11th through July 14th.

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SUPER SPENDERS VS. MAXIMUM MISERS: ARE YOU SAVING TOO MUCH?

(Financial Post) June 1, 2013— Some people are hardwired to be spenders versus savers.

“Some people are wired not to experience the fear or guilt or anxiety [associating with spending],” says Scott Rick, assistant professor of marketing at the University of Michigan.

“People are by nature prone to experience different negative emotions; but that can be amplified by money practices at home. My prediction is that it only takes one spendthrift to create a spendthrift kid, as long as you indulge their material desires and not make them pay the bill.”

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YOU COSIGNED A LOAN, THEY DEFAULTED. NOW WHAT?

(U.S. News and World Report) May 7, 2013— The advice for cosigning a loan for a family member or friend is always virtually the same: Don't do it, and if you do, understand the consequences if something goes wrong.

But what if you ignore the advice and cosign, and the loan goes south for reasons beyond your control?

Although there is no database that tracks cosigned loans, anecdotal evidence and some data suggest cosigning is common – and it isn't always parents cosigning for children. In 2010, LeaseTrader.com, a national car leasing marketplace, reported a 29 percent increase over the previous two years in the number of parents asking their kids to cosign a car loan for them.

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SPRING CLEAN YOUR FINANCES

Boston, MA (May 6, 2013) — American Consumer Credit Counseling's Matt Paradise on Fox 25 Morning News sharing his expert advice on spring cleaning your finance and managing your money.

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POLL: MOST WILL USE TAX REFUND TO PAY DOWN DEBT

(wbjournal.com) April 1, 2013 | Most Americans polled by the nonprofit group, American Consumer Credit Counseling (ACCC), will use this year's tax refund to pay down credit card debt, and results show there is some evidence that consumer confidence is increasing. 

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SURVEY: TAX REFUNDS WILL GO TO PAY DOWN DEBT, BOOST SAVINGS

(BostonHerald.com) April 1, 2013 | Consumers concerned about their budgets will use this year’s tax refund to pay down debt and strengthen their savings, according to a recent survey conducted by American Consumer Credit Counseling.

Out of 251 consumers surveyed in the recent web poll, 45 percent said they will use their 2013 tax refund to pay down their credit card debt, while 26 percent will put the cash directly into their savings. Less than 1 percent of respondents will use the refund to open or contribute to a retirement account or pay down student loans.

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AMERICAN CONSUMER CREDIT COUNSELING SURVEY FINDS MOST HOUSEHOLD FINANCES CONTROLLED BY WOMEN

(PRWEB) February 27, 2013 | Nearly 80 percent of women in relationships bear the responsibility of managing household finances – often with little help from their significant others, according to a survey conducted by national nonprofit American Consumer Credit Counseling.

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RETIREMENT LIVING: DEBT HOLDS MANY BOOMERS BACK

(USA TODAY) February 8,2013 | Baby Boomers, forget about retirement. We'll be working for the rest of our lives. OK, that may be an exaggeration, but not by much. We have not saved enough money. And worse, many of us will still be up to our eyeballs in debt when we do retire. We're just one medical emergency away from bankruptcy.

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CONSUMER DEBT IN THE DAYTON REGION IS AMONG LOWEST IN U.S.

(Dayton Daily NewsJanuary 18, 2013 | Consumers in the region have one of the lowest average debt burdens in the nation, and residents continue slowly to pay down their financial obligations, according to data from one of the largest credit-reporting agencies.

Falling debt levels among consumers in the Dayton metro area may mean they have more disposable income, which could provide a boost to consumer spending and the local economy, experts said.

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ACCC'S MATT PARADISE ON FOX 25 MORNING NEWS

ACCC’s Matt Paradise was recently on Fox 25 Morning News Talking about how you can have success with debt management.

Click here to watch the video.

AMERICAN CONSUMERS WITH LOW CREDIT SCORES STRUGGLING TO RECOVER FROM ECONOMIC DOWNTURN

(BankCreditNews.comJanuary 7, 2013 | A recent survey by American Consumer Credit Counseling revealed that American consumers struggling to recover from the economic slowdown are being hindered by low credit scores that plague their financial lives.

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FIVE FINANCIAL LESSONS FROM 2012

(DepositAccounts.comJanuary 6, 2013 | You made it through 2012 – the good, the bad, the ugly. Exhale, reflect. What financial lessons did 2012 offer about retirement and saving? Plenty. The experts weigh in on what you should think long and hard about and use to your advantage in 2013.

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American Consumer Credit Counseling (ACCC) provides credit counseling, financial education and debt relief options for individuals and families with too much credit card debt or unsecured personal debt. Our certified credit counselors have helped thousands of consumers find credit card debt relief by learning how to reduce debt and how to get out of credit card debt. Our debt assistance services and debt management plans allow consumers to consolidate credit card bills into a single payment, and provide help with negotiating credit card debt in order to lower interest rates and finance charges, to ultimately eliminate debt through a credit card payoff plan.

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