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2014 Press Releases Archive

ACCC Helps Consumers Avoid Last Minute Holiday Spending Mistakes

(Boston, MA) – December 23, 2014 – The holiday season is well underway as consumers flock to malls and shops in search of the perfect gifts for loved ones. While it’s a time of great happiness and cheer, the risk of over spending could leave you feeling glum as you ring in the New Year.

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AS 2014 COMES TO A CLOSE, ACCC REVEALS THE TOP 5 MONEY MUST-DO’S BEFORE THE END OF THE YEAR  

(Boston, MA) – December 17, 2014 — As the end of 2014 quickly approaches many consumers will begin to think about the year ahead and what goals they have for their financial future. According to a recent survey by Allianz Life Insurance Company of North America, 40 percent of Americans have identified managing money as their top goal for the coming year.

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WHILE SOME SAY CARRYING CASH IS A THING OF THE PAST, ACCC CONSIDERS THE BENEFITS OF CASH-ONLY HOLIDAY SPENDING

(Boston, MA) – December 9, 2014 – With an expected increase in holiday shopping once again this season, many consumers will be tempted to swipe credit cards rather than pay in cash to take advantage of increased retailer perks. However, given that, on average, the interest rate for a credit card comes to almost 15 percent and the average retail credit card boasts an APR more than 23 percent, these credit-reliant consumers may be spending much more than they believe to be saving this holiday season.

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ACCC DEVELOPS STRATEGIES FOR LOS ANGELES RESIDENTS FACING RETIREMENT AMID CITY’S BUDGET SHORTFALL

(Boston, MA) – December 4, 2014 – Like many cities across America, the retirement system of Los Angeles suffered a huge hit during the nation’s Great Recession, and is still attempting to rebuild the program. As the city endures a budget deficit, pension issues are becoming more and more serious.

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ACCC Provides Tips on How to Stay Financially Afloat in San Francisco’s Changing Economy

(Boston, MA) –  December 3, 2014 – Across the country, families and individuals have been forced to rethink their financial strategies and readjust to economic climates that they cannot control. Surpassing New York City, San Francisco has been listed as America’s most expensive city to live in. With sky-rocketing rent costs and increasing shifts in urban communities, those living in San Francisco’s evolving financial landscape are struggling to achieve financial success.


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ACCC finds Americans Attempt to be More Frugal with Their Holiday Spending

(Boston, MA) – November 18, 2014 — The majority of budget-conscious consumers plan to be frugal with their holiday spending this year, according to a new survey by American Consumer Credit Counseling. The online survey found that while 35 percent of respondents plan to spend the same amount as last year, 20 percent indicated they were spending less and 32 percent indicated they plan to dish-out as little as possible for gifts because they are struggling financially.

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ACCC Offers Tips to Save Money on a Vacation in Vegas

(Boston, MA) – November 14, 2014 — When it comes to your money, what happens in Vegas, does not necessarily have to stay in Vegas. You don’t have to go home with an empty wallet and empty bank account. Known for its world famous casinos, top chefs, sparkling shows and dazzling strip, Las Vegas is a premier tourist destination with something to offer everyone. A record 39.7 million people visited Las Vegas in the past year, and according to a recent survey conducted by Expedia.com, the average Las Vegas-bound visitor spends an average of $1,600 for a three day vacation. But despite the expensive and extravagant options, proper planning will make it possible to have the same glitzy experience while sticking to a budget.

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ACCC OFFERS TIPS ON HOW TO PRACTICE PROPER MONEY ETIQUETTE

(Boston, MA) – November 4, 2014 — Every year, particularly as the holiday season approaches, tricky money issues tend to rise to the surface of various social situations. How do you split a bill at a restaurant? Does it make sense to lend money to a friend? When should you tip? These are just a few questions that can make for awkward moments.

Following the proper etiquette can be difficult when money is involved, since people often operate under different rules. Money is an issue consumers often grapple with, whether it is how to earn it, save it, or spend it wisely. It’s not difficult to avoid awkward situations by being fair and conscientious. In order to properly navigate these issues, American Consumer Credit Counseling has provided some recommended ways to be smart, polite, and thoughtful.

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accc offers tips on shopping smart on the web

(Boston, MA) – November 4, 2014– With the upcoming holiday season around the corner, both retailers and consumers are gearing up for the holiday shopping rush. This year, in their 2014 eHoliday study, the National Retail Foundation found that over half of shoppers, 56 percent, are expecting to do at least part of their holiday shopping online. The survey also showed that online shoppers will spend 16 percent more than those who do not shop on the web. In order to prepare consumers for their online shopping experience, American Consumer Credit Counseling has provided guidelines for shopping sensibly on the web during the holidays.

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ACCC Participates in Financial Literacy Conference with State Treasurer’s Office

(Boston, MA) – October 21, 2014 — American Consumer Credit Counseling, a leading financial education, credit counseling and debt management nonprofit based in Newton, Mass., recently participated in The Money Conference on Saturday, Oct. 11th.

The Money Conference, which took place at the University of Massachusetts Boston, was planned by the Office of the Massachusetts State Treasury and designed to provide personal finance information to help Commonwealth residents achieve their financial goals.

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Student Loan Debt Changes Perception of Education

(Boston, MA) – October 21, 2014 — Budget-conscious Americans have second thoughts about their careers when they evaluate the cost of student loans, according to a new survey by American Consumer Credit Counseling. In fact 71 percent of those surveyed said they would have made different education choices if they could have forecast the burden of repaying student loans. Total student loan debt reached $1.1 trillion this past year.

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Prepare for Holiday Spending: The Best Apps for Bargain Hunters

(Boston, MA) – October 9, 2014 —As the holiday season approaches, American Consumer Credit Counseling (ACCC) today released its recommendations for the best apps for bargain hunters.

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As Wedding Costs Skyrocket, So Does the Cost to Attend

(Boston, MA) – September 23, 2014 — Nearly 40 percent of budget-conscious consumers admitted to taking on debt in order to attend a wedding, according to a recent online poll conducted by American Consumer Credit Counseling. These results come as the average amount spent to attend a wedding has increased by 10 percent in the last year alone, up from $539 to $592.

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Businesses and Nonprofits Hold First Reality Fair with Federal Reserve to Educate Young Americans on Financial Literacy

(Boston, MA) – September 17, 2014 — Newton-based nonprofit American Consumer Credit Counseling partnered with the Federal Reserve and Leader Bank to host the Federal Reserve’s first Reality Fair for young students last week. The fair addressed the dire need for financial education for students in Massachusetts and teach students about critical budgeting and money management skills.

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Is Your Significant Other Bad with Money? Advice for How to Manage a Financially Negligent Spouse

(Boston, MA) – September 11, 2014 — While marriage often means the communion of two salaries, it also means the compacting of two financial situations, including the bad. While managing individual finances can be challenging enough, combining finances can be significantly overwhelming and present a couple with new challenges and even discoveries about their better half.

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Home Depot Data Security Breach: How to Recover from Possible ID Theft

(Boston, MA) – September 9, 2014 — In recent months, the retail industry has experienced an onslaught of data security breaches, placing millions of consumers at risk of becoming victims of identity theft. What’s worse is that according to a recent online survey by American Consumer Credit Counseling 41 percent of respondents are not confident that they know what to do to protect themselves if their information has been compromised – a risk that could prove costly; credit card and debit card fraud cases in 2012 resulted in losses totaling $11.27 billion as indicated by Cardhub.com.

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ACCC Warns Consumers that Little Things Can Come at a Large Cost

(Boston, MA) – August 20, 2014 — National nonprofit American Consumer Credit Counseling wants to take time to give consumers advice about how to avoid letting small daily expenses turn into costly annual expenditures. To most, ordering take-out for lunch, daily coffee purchases, or buying a candy bar and a magazine at the convenience store seems insignificant.

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Cost of Caretaking: Survey Finds Nearly 6 out of 10 Financially Support Their Parents or Adult Child

(Boston, MA) – August 13, 2014 — According to a recent survey by national financial education nonprofit American Consumer Credit Counseling, nearly sixty percent of Americans are providing some form of financial support to either their elder parents or young adult children by means of housing, living expenses, and transportation.

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Businesses and Nonprofits Provide State House Interns with Financial Education

(Boston, MA) – August 12, 2014 — American Consumer Credit Counseling partnered with the Massachusetts Credit Union League and MassSaves to host Scholars & Cents: A Reality Fair for State House Legislative Interns last week. Scholars and Cents provides an opportunity to address the dire need for financial education for students in Massachusetts. Through lectures, teamwork stations, and discussions, interns had the unique opportunity to learn about spending, budgeting and managing their finances based on future career choices and lifestyle decisions.

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Acing Money 101: What Every College Student Needs to Know About Personal Finance  

(Boston, MA) – July 24, 2014 — While many college bound students will spend their summers preparing for the Fall semester, few will ask themselves if they are financially prepared for the next four years. Personal finance can be a daunting topic for college kids, but it is one that needs more attention. Today, with the average American college student graduating with $26,500 of debt, it is essential that college students have an understanding of how to most effectively manage their personal finances. A national financial education nonprofit, American Consumer Credit Counselling, has put forth some basic guidelines that will help college kids make money-savvy decisions while still in school.

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Start Saving Now for Holiday Spending: Ways Consumers can Avoid the Holiday Debt Hangover

(Boston, MA) – July 23, 2014 — The summer season is in full swing, the weather is warm and the last thing on consumers’ minds are the winter holidays. However, with Black Friday and holiday shopping less than four months away, holiday expenses will be here before we know it. Year after year, November and December are the highest months for consumer spending, and expected spending continues to grow. Last year alone, consumers spent a total of $602 billion a 3.8 percent increase from the prior year Despite this, many consumers do not adjust budgets accordingly, creating a holiday debt hangover come the New Year. This year, consumers can avoid the headache of the post-holiday bill by beginning to save for the holidays during the summer months.

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ACCC Survey Reveals 35 Percent of Budget-Conscious Consumers Will Hold Back from Spending on Summer Activities

(Boston, MA) – July 14, 2014 — Over one-third of budget-conscious consumers across the US are reining in spending this year according to a recent online survey by national financial literacy nonprofit American Consumer Credit Counseling. The online poll, which surveyed more than 447 consumers across the US, found that 35 percent of respondents indicated that they have not budgeted spending money for vacation, summer camp for children, social events or other recreational activities this summer. These results come as gas prices reach the highest they have been since 2008 with the national average reaching $3.67 for regular unleaded — 19 cents higher than a year ago.

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ACCC PROVIDES TIPS TO SAN FRANCISCO RESIDENTS ON HOW TO SAVE MONEY

(San Francisco, CA) – June 27, 2014 — Across America’s most popular cities, the cost of living has skyrocketed. This includes San Francisco, which is ranked as the third most expensive city to live in according to a Kiplinger report. With housing costs at nearly three times the national average and increasing prices on goods and services, many residents are finding themselves priced out of the city. National financial education nonprofit American Consumer Credit Counseling has released five essential money tips to help San Francisco residents combat rising costs.

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ACCC HELPS DETERMINE HOW MUCH IS TOO MUCH AND HOW OFTEN IS TOO OFTEN WITH CHARITABLE DONATION REQUESTS

(Boston, MA) – June 25, 2014 — There is no doubt that Americans are charitable, last year alone donations in the U.S. reached $416.5 billion, a 13 percent increase over the prior year. Americans aim to support causes that are close to them, whether for their child’s school or sports team or for research on a disease that has affected a family member or friend. And in the effort to fundraise individuals often find their charitable efforts are outpacing their circle of friends and family leaving them to ask themselves - how often is too often and how much is too much? Leading financial education nonprofit American Consumer Credit Counseling has compiled a list of tips that will maximize the fundraising success, while also keeping relationships intact.

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ACCC PROVIDES GAS-SAVING TIPS ON NATIONAL DUMP THE PUMP DAY

(Boston, MA) – June 19, 2014 — The temperature is beginning to rise, and so are gas prices. After a brutal winter, consumers will be traveling, going on road trips, or just driving to the beach this summer. There are, however, ways to save on gas despite the seasonal increase. As part of National Dump the Pump Day on June 19th, American Consumer Credit Counseling has developed smart and savvy tips to save consumers money at the pump.

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nearly 70 percent of consumers used tax refund to get ahead on bills and pay down debt

(Boston, MA) – June 12, 2014 — Americans were budget and money conscious with their tax returns this year, according to a survey by national financial education nonprofit American Consumer Credit Counseling. The online survey revealed that 69 percent of American consumers used their tax refund to pay down debt and get ahead on monthly expenses such as rent, utilities and car payments, while only 16 percent splurged and bought themselves something.  

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ACCC provides gift givers with tips for shopping father's day on a budget

(Boston, MA) – June 10, 2014 — As Father’s Day nears, national nonprofit American Consumer Credit Counseling wants to help gift givers honor their fathers with gifts that are both thoughtful and budget-friendly. Since Father’s Day shopping can often pose a challenge, ACCC has come up with several creative ways to show appreciation for all that Dad does without going over budget.

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ACCC Addresses Need for Financial Education in California

(Los Angeles, CA) – May 28, 2014 — Ninety-one percent of Americans believe personal finance should be a required subject to graduate from high school, according to a recent online poll conducted by American Consumer Credit Counseling. This survey comes as California is ranked among the worst states in the country when it comes to financial literacy for high school students, according to the Center for Financial Literacy’s annual report card.

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ACCC provides military members with tips to achieve financial freedom

(Boston, MA) – May 23, 2014 — As Memorial Day weekend nears, national nonprofit American Consumer Credit Counseling wants to remind our service members that they are there to assist with the unique financial challenges faced by both active duty service members and veterans. Recently, the Bureau of Labor Statistics released a report that found that for the fourth year in a row, veterans are having a harder time finding jobs than non-veterans.

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ACCC Provides Tips to Manage Personal Finances in the Post-Recession Economy

(Las Vegas, NV) – May 21, 2014 — The Las Vegas economy is beginning to emerge from the recession as its population, employment rate, and housing market are starting to rise. The stronger economy has also increased consumer confidence in the market and, therefore, increased consumer spending. However, it is going to take a long time to fully bounce back from the recession and consumers should be smart about their current spending habits and budgeting for the future. American Consumer Credit Counseling is offering tips to help customers budget their personal finances and spend their money wisely in a continuously changing economy.

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ACCC Releases 5 Essential Money Lessons Every College Grad Should Know

(Boston, MA) – May 16, 2014 — This month, as thousands of young Americans graduate from college, national financial education nonprofit American Consumer Credit Counseling releases the top five essential money lessons that every college graduate should know. This advice comes as more than one million Americans will soon graduate with substantial student loan debt averaging $26,500, according to a report from the National Conference of State Legislatures. They will join the millions of grads from prior years who collectively hold more than $1 trillion in student loan debt.

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ACCc Reveals the financial fumbles of well-known athletes

Boston, MA (May 13, 2014) — As part of its popular Talking Cents blog, national financial education nonprofit American Consumer Credit Counseling exposes the knock outs, strike outs, fumbles, and fouls of five legendary pro athletes to inspire consumers to take control of their own finances.

This latest installment of the Talking Cents blog comes as pro athlete salaries continue to rise. According to ESPN’s 2014 survey of worldwide sports salaries, seven professional athletes earned at least $31 million last year. At the same time, however, a 2013 Gallup poll found that nearly half of Americans making over $240,000 annually do not feel good about the amount of money they have to spend.

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new poll reveals 9 out of 10 americans believe personal finance should be a required subject in high school

Boston, MA (May 6, 2014) — Ninety-one percent of Americans believe personal finance should be a required subject to graduate from high school, according to a recent online poll conducted by American Consumer Credit Counseling. This survey comes as teens’ knowledge of money, including how to balance a checkbook or check the accuracy of a bank statement, declined from 52 percent in 2007 to 36 percent in 2011.

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ACCC provides tips for a budget-friendly mother's day

Boston, MA (May 5, 2014) — As Mother’s Day approaches, leading financial education nonprofit American Consumer Credit Counseling released its list of budget-friendly alternatives to celebrate and honor Mom this holiday.

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ACCC Releases Top Tips to Financial Savviness

Boston, MA (May 1, 2014) — Leading financial education nonprofit American Consumer Credit Counseling announced the release of the organization’s financial savviness tips to help consumers become more knowledgeable consumers and develop better money management skills.

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ACCC highlights the importance of credit reports and credit scores

Boston, MA (April 25, 2014) — As some consumers struggle to recognize the role of credit reports and credit scores, American Consumer Credit Counseling offers information to help Americans better understand these two important financial indicators.

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ACCC survey finds nearly 7 in 10 americans do not trust retailers with credit card info

Boston, MA (April 24, 2014) — Sixty-four percent of American consumers do not trust retailers with their financial information according to a survey by national nonprofit American Consumer Credit Counseling. Recent data breaches at major retailers such as Target and Neiman Marcus have worried consumers that they might be the next victim of identity theft. The survey also found that 42 percent of respondents are now more likely to pay for purchases with cash or check.

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ACCC Introduces “Talking Cents Guy” as Newest Contributor to Financial Education Blog

Boston, MA (April 17, 2014) — Leading national financial education nonprofit American Consumer Credit Counseling today announced the addition of ‘Talking Cents Guy’ to their popular Talking Cents personal finance education blog.  

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accc releases parent's guide to help children develop money management skills

Boston, MA (April 11, 2014) — Leading national financial education nonprofit American Consumer Credit Counseling today launched a parent’s guide to teaching children about money to help youth of all ages, from kindergarten through high school, understand the basics of money management issues including saving, credit, and the value of a dollar.

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sue katz of accc earns certified military home specialist accreditation

Boston, MA (April 10, 2014) — National nonprofit American Consumer Credit Counseling is pleased to announce Sue Katz as a certified graduate of Boots Across America's national  certification course, which educates loan officers, realtors, and housing professionals on how to work with military clients.

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ACCC OFFERS advice on how to best utilize your tax return

Boston, MA (April 3, 2014) — With April 15th right around the corner and many Americans expecting a tax refund, American Consumer Credit Counseling offers advice on things to consider while your tax filing is processed by the government.

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ACCC Offers 30 Tips in 30 Days for Young Americans During National Financial Literacy Month

Boston, MA (April 1, 2014) — Leading financial education nonprofit American Consumer Credit Counseling announced today the launch of “30 Tips in 30 Days” as part of the organization’s ongoing efforts to better prepare young Americans for college and independent living. According to a recent study by Sallie Mae, 84 percent of high school students desire more financial education, which is why during April’s National Financial Literacy Month, ACCC will focus its efforts on tackling some of the financial challenges facing younger generations.

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March Madness Financial Bracketology Helps Consumers Beat Debt  

Boston, MA (March 21, 2014) — In honor of March Madness, national nonprofit American Consumer Credit Counseling announced the release of its “Financial Bracketology” – an interactive guide to help consumers pay down credit card debt. The bracket challenges consumers to complete an easy-to-follow step-by-step plan to pay off a credit card and begin a healthy financial future.

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ACCC Participates in Operation Money Wise to Provide Crucial Financial Counseling to Veterans

Boston, MA (March 13, 2014) — On Saturday, March 22nd, national nonprofit American Consumer Credit Counseling will participate in a financial literacy conference geared specifically toward veterans, active military members, and their families. The first-ever Operation Money Wise, a free conference hosted by the Massachusetts Office of Financial Literacy, will offer advice on a variety of topics including how to develop healthy spending and saving skills, how to protect assets from predatory lending practices, and what financial tools and benefits are available to service members and veterans.

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Amidst Onslaught of Data Security Breaches at Retailers, ACCC Offers Victims Step-By-Step Guide on How to Recover

Boston, MA (March 2, 2014) — The retail industry has experienced an onslaught of data security breaches, placing millions of consumers at risk of becoming victims of identity theft. To help consumers minimize the damage, national nonprofit American Consumer Credit Counseling offers the “Identity Theft Checklist,” a step-by-step guide on what to do and how to protect yourself from financial damage if your identity has been stolen.

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ACCC Partners with MassSaves to Launch First Annual State House Financial Capability Day

Boston, MA (February 26, 2014) — On February 27th, ACCC, along with fellow Massachusetts Financial Education Collaborative (MFEC) members, State Senator Jamie Eldridge of Acton, State Representative Viriato Manuel DeMacedo of Plymouth, and State Representative Danielle Gregoire of Marlborough, will collaborate with MassSaves, to host the first annual State House Financial Capability Day. During the State House Financial Capability Day, ACCC and other organizations will present to legislators and staff on financial education and capability work going on in the various legislative districts across the Commonwealth.

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ACCC Launches Innovative Bankruptcy Platform Tool for Attorneys

Boston, MA (February 25, 2014) — Today, national nonprofit American Consumer Credit Counseling announced the launch of its new in-depth Bankruptcy Attorney Client Management System (ACMS), specially designed to help attorneys better assist and manage their clients going through bankruptcy filings.

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For Valentine’s Day, Nearly 7 in 10 Americans Are Seeking Out Budget-Friendly Date Options to Combat Increased Costs

Boston, MA (February 14, 2014) — Sixty-nine percent of Americans this year are bucking the elaborate Valentine’s Day traditions and opting for budget-friendly date options to avoid falling into financial ruin, according to a recent online poll conducted by American Consumer Credit Counseling.

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ACCC Reveals 11 Signs That You Might be Flirting with a Personal Financial Disaster

Boston, MA (February 12, 2014) — While the overall financial situation has recently improved in the United States, many Americans are still facing tough personal financial circumstances. As February 14th draws closer, American Consumer Credit Counseling invites Americans to self-reflect and determine if they are flirting with a personal financial disaster.

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You Can Beat Debt – Follow ACCC’s Path to Financial Success

Boston, MA (February 6, 2014) — This New Year, fulfill your resolution to become financially fit and debt-free in 2014 by following American Consumer Credit Counseling’s straightforward approach to achieving financial peace of mind. This fun and interactive infographic provides a pathway for consumers to help manage credit card debt and gain valuable financial education to develop better spending habits and money management skills.

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Americans Choose Financial Health over Physical Fitness, According to ACCC Survey

Boston, MA (February 4, 2014) — Budget-conscious Americans say their financial health is more important than their physical fitness in 2014, according to the most recent online poll from American Consumer Credit Counseling. Nearly 59 percent of those surveyed said they are more concerned with their finances than their fitness, while 41 percent said fitness goals are most important to them in the New Year.

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DURING FINANCIAL WELLNESS MONTH, ACCC HELPS CONSUMERS ACHIEVE STABILITY WITH STEP-BY-STEP GUIDE

Boston, MA (January 27, 2014) — January is National Financial Wellness Month and national nonprofit American Consumer Credit Counseling is helping consumers stick to their New Year’s resolutions with an easy-to-follow financial health resource guide. ACCC’s educational booklet, “20 Steps to Financial Health: Achieving Lifelong Financial Fitness,” outlines steps towards short and long-term goals for consumers hoping to reach a healthy financial future.

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NINE out of 10 Americans Make Resolution to Cut Spending, Save More in 2014

Boston, MA (January 8, 2014) — Ninety-two percent of Americans made a New Year’s resolution to cut spending, save more money and pay off debts in 2014, according to a recent online poll conducted by American Consumer Credit Counseling. The survey also found that younger respondents were less likely to make the resolution - with 74 percent reporting that they plan to cut back expenses and put more into savings.

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American Consumer Credit Counseling (ACCC) is a nonprofit debt relief agency offering consolidated credit counseling and consumer debt solutions. If you have debt to consolidate, we can help you consolidate credit without taking a loan or paying high fees like some debt management companies charge. A fair, effective debt reduction service, our debt management program simplifies your payment responsibilities and often results in reduced interest rates from your creditors. As a leading national debt consolidation firm, ACCC has also been approved by the Department of Justice to provide credit counseling for bankruptcy both the pre-bankruptcy credit counseling certificate and the post-bankruptcy debtor education.

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