2017 Press Releases
New Survey Finds Many Consumers Will Spend $500 or less on all holiday gifts
(Boston, MA) – December 27, 2017 – Budget-conscious consumers are keeping a check on holiday shopping this year – with many spending no more than $500 in total on gifts and other seasonal items, according to a new survey by American Consumer Credit Counseling (ACCC).
ACCC Helps Millennials Become Financially Literate
(Boston, MA) – December 21, 2017– Understanding basic money management skills are extremely important for Millennials’ long-term financial stability and success. Strong financial literacy means understanding concepts such as budgeting, checking and savings accounts, credit, and investments and the most beneficial ways to spend your money.
ACCC Helps Millennials Get Rid of Credit Card Debt
(Boston, MA) – December 20, 2017– Getting rid of credit card debt is a big step in a Millennial’s effort to establish financial security. Although it sounds simple, paying off a credit card can be difficult to achieve.
ACCC Provides Tips for Millennials on How to Avoid Common
Holiday Financial Mistakes
(Boston, MA) – December 18, 2017– The holiday season is in full swing, and many Millennials have started shopping for friends and family. While the holidays are a time of cheer, there is a high risk of overspending if individuals are not properly prepared. National nonprofit American Consumer Credit Counseling (ACCC) has provided Millennials with financial mistakes to avoid this season.
ACCC Helps Millennials Rebuild Their Credit
(Boston, MA) – December 13, 2017– It is important that Millennials are aware of how they can rebuild their credit should they find themselves trying to recover from a financial challenge or misstep. Although these missteps cannot be instantly deleted, national nonprofit American Consumer Credit Counseling (ACCC) provides Millennials with steps they can take to improve their credit to help achieve a stronger financial future.
ACCC Helps Millennials Budget for Emergencies
(Boston, MA) – November 30, 2017– One of the most effective ways Millennials can protect themselves from a financial crisis is to have an emergency fund in place. In order to prevent Millennials from getting caught off guard due to unexpected expenses, national nonprofit American Consumer Credit Counseling has provided emergency savings starter tips.
American Consumer Credit Counseling Helps Millennials Manage Student Loans
(Boston, MA) – November 29, 2017– Millennials are more burdened by student loans and student loan debt than any generation before them. Due to this current crisis, national nonprofit American Consumer Credit Counseling is providing Millennials with helpful tips to better manage their student loan debt.
New Survey Finds Majority of Consumers are Actively Working Towards a Financial Goal
(Boston, MA) – November 22, 2017 – According to a new survey by national nonprofit American Consumer Credit Counseling, 94 percent of respondents are actively working towards achieving a financial goal. Although the majority of respondents are working towards a goal, 47 percent do not actively save money from each paycheck.
ACCC Provides Tips for Millennials Preparing to Buy a Home
(Boston, MA) – November 17, 2017 – Purchasing a home is one of the most significant financial investments Millennials will make in their lifetime. Although it can be an intimidating and complicated process, with the right preparation and research, buying a home can be manageable.
ACCC Asks Millennials: “Do You Know How to Use Credit Responsibly?”
(Boston, MA) – November 10, 2017 – Although the thought of acquiring credit card debt can be intimidating, credit cards can be useful financial tools if utilized properly. Credit cards are an effective way to start the process of building credit – particularly for millennials who eventually want to purchase larger items such as homes or cars.
ACCC Asks Millennials: “Are You Saving Enough for Retirement?”
(Boston, MA) – October 31, 2017 – The biggest question Millennials face when thinking about their future retirement is “am I saving enough?” It’s often difficult for Millennials to determine if they are saving enough to live off of 40 to 50 years from now.
ACCC Provides Retirement Strategies for Millennials
(Boston, MA) – October 27, 2017– Retirement may seem like light-years away for most Millennials, but the earlier they start planning, the better off they will be. Being aware of different savings and investment options is the best way Millennials can ensure they are saving enough for retirement.
New Survey Finds Majority of Consumers Don’t Have Leftover Money after Expenses
(Boston, MA) – October 12, 2017 – Nearly 53 percent of consumers don’t have any money left over after paying expenses, according to a new survey by national nonprofit American Consumer Credit Counseling.
ACCC Provides Millennials with Important Tips to Improve their Credit
(Boston, MA) – October 11, 2017– Many Millennials struggle to build their credit. If Millennials are not improving their credit, they often can’t access the lowest interest rates which can limit financial opportunities such buying a house or car.
American Consumer Credit Counseling Helps Millennials Pay Back Student Loans
(Boston, MA) – October 6, 2017– Average student loan debt in the U.S. has soared to over $35,000 per individual. Once Millennials graduate, they are faced with the burden of repaying their student loans, a responsibility that cannot be put off.
American Consumer Credit Counseling Helps Millennials Prepare for Retirement
(Boston, MA) – September 26, 2017– Many Millennials don’t think about saving for retirement, but it is never too early to start. The key to a happy retirement is to build a nest egg – money that is put aside to achieve a long-term goal – early and watch it grow.
ACCC Helps Consumers Understand Common Mortgage and Home Purchasing Terms
(Boston, MA) – September 20, 2017– Consumers looking to purchase a home should be very familiar with the different mortgage options available and the common terms used by lenders. Taking out a mortgage loan is a big decision, and if the consumer doesn’t pay it back on time, the lender can foreclose on the home and sell it to pay off the loan.
Your 20 Steps to Financial Health
(Boston, MA) – September 13, 2017– Financial fitness isn’t achieved overnight. Establishing a healthy financial lifestyle takes time, knowledge and dedication. Now American Consumer Credit Counseling is offering a guide to help consumers achieve better financial health.
American Consumer Credit Counseling Achieves National Accreditation
(Boston, MA) – September 12, 2017– American Consumer Credit Counseling has achieved national accreditation through the New York-based Council on Accreditation (COA). American Consumer Credit Counseling provides the following services: credit counseling, debt management, bankruptcy counseling, housing counseling, student loan counseling and financial education concerning debt solutions.
Four Helpful Programs for Consumers Facing Financial Trouble
(Boston, MA) – September 6, 2017– Too often, a great deal of Americans struggling to manage financial difficulties aren’t aware of vital resources that can help them achieve a healthy financial future. Credit counseling, debt management, bankruptcy counseling, housing counseling, student loan counseling, and financial education are all programs that can be tailored toward each consumer’s particular financial situation.
American Consumer Credit Counseling Shows Consumers How to Save by Cutting Back on Unnecessary Spending
(Boston, MA) – August 24, 2017– Creating a budget can help consumers see how much they are spending and areas they can cut back to save more. It is not always easy, but there are many different ways that consumers can cut back on unnecessary spending. In an effort to support our consumers, national nonprofit American Consumer Credit Counseling has created a list of tips to help consumers save.
ACCC’s Sue Katz Presented Commander’s Award for Public Service
(Boston, MA) – August 18, 2017– National nonprofit American Consumer Credit Counseling announced today that Sue Katz, Community Outreach Coordinator and Certified Credit Counselor, was presented with the Commander’s Award for Public Service by the Department of the Army.
Nonprofits and Businesses Provide State House Interns with Financial Education
(Boston, MA) – August 11, 2017– National nonprofit American Consumer Credit Counseling partnered with the Massachusetts Jump$tart Coalition, City of Boston Credit Union, Mass Bay Credit Union, and Metro Credit Union to sponsor the 4th annual Reality Fair for State House interns on Thursday, July 27.
American Consumer Credit Counseling Explains How Consumers can Identify Suspicious Activity
(Boston, MA) – August 10, 2017– The loss or theft of personal information can be a terrifying experience, and it’s only natural for consumers to worry about how this data may be used should it fall into the wrong hands.
American Consumer Credit Counseling Explains Why Budgeting is Important
(Boston, MA) – July 31, 2017– It is easy to spend money today without thinking about what you may need tomorrow. Most people find budgeting annoying, overwhelming, and daunting. It is important to remember, however, that budgeting is one of the key aspects to financial success.
New Survey: 72 percent of Females Handle the Money in their Household
(Boston, MA) – July 19, 2017 – When it comes to money there are several decisions couples must make, such as whether to combine their income or not and who is in charge of paying bills.
Checking Account vs Savings Accounts – The Pros and Cons
(Boston, MA) – July 12, 2016 – Checking and savings accounts, often considered the most basic financial tools, are also incredibly beneficial to the average consumer in everyday life. Checking accounts help consumers pay bills and savings accounts are more suited to protect money for the future.
ACCC Explains the Pros and Cons of Filing for Bankruptcy
(Boston, MA) – July 10, 2017 – In a financial crisis, most believe their options are limited and undesirable. Filing for bankruptcy is an option that has advantages, and most importantly offers the opportunity for a fresh financial start.
ACCC Shares Tips on Shopping for Home Equity Loans
(Boston, MA) – June 28, 2017 – Every day consumers are faced with crucial decisions they may not know enough about, including those related to the lending and borrowing process. An uneducated consumer shopping for a loan has the potential to make a wrong decision that has long-term effects, particularly when it comes to home equity loans.
American Consumer Credit Counseling Provides a Financial Checklist for Newlyweds
(Boston, MA) – June 26, 2017– Personal finance is not the most romantic topic of conversation for a newlywed couple. However, in a healthy relationship it is essential that each person’s financial history, habits, goals, and values are open for discussion.
American Consumer Credit Counseling Offers Tips on Saving for Summer Vacation
(Boston, MA) – June 22, 2017– Planning and spending money on vacation without the proper information can be so intimidating that some choose to stay at home rather than budget for a getaway. With the right research and preparation, the process is both manageable and stress-free.
New Survey: How Consumers Practice Money Management
(Boston, MA) – June 14, 2017 – 55 Percent of consumers use online banking through a website
ACCC Shares Important college savings and student loan tips for parents
(Boston, MA) – June 6, 2017 – Financing a college education is a daunting task that can be stressful for students and parents alike. Given the high costs associated with many colleges and universities, it’s never too early for parents to start thinking about the savings and financing process.
ACCC Provides Five Financial Tips for Returning Military Personnel
(Boston, MA) – May 19, 2017 – Veterans and military personnel face a unique set of financial challenges – particularly when it comes to managing finances and budgeting before, during and after deployment.
ACCC Shares Tips on How Consumers Can Avoid Identify Scams
(Boston, MA) – May 23, 2017 – Each year millions of Americans have their identity stolen. It can take months and sometimes even years before a consumer’s name and credit are back in good standing. With all the inventive ways scammers have developed to steal one’s identity, the best tool to help prevent becoming a victim of identity theft is to be informed about how to spot scams before it’s too late.
New Survey: 55 Percent of Consumers Admit Expenses Exceed Income
(Boston, MA) – May 16, 2017 – When living a financially healthy life, it is important that consumers take steps to avoid situations where their expenses routinely exceed their income. According to a recent survey from American Consumer Credit Counseling, 55 percent of consumers admit that their expenses exceed their income.
American Consumer Credit Counseling Offers Advice for Potential Home Buyers
(Boston, MA) – May 10, 2017 – Buying a home can be a complicated and intimidating process, especially for first-time home buyers. With the right research and preparation, however, the process can be manageable and less stressful.
ACCC Explains the Pros and Cons of a Reverse Mortgage
(Boston, MA) – May 3, 2017 – Come retirement, many people feel as if they have not saved enough to live comfortably. A reverse mortgage can assist in providing a tax-free cash flow to eligible homeowners 62 years of age or older.
New Survey: Credit Card Debt is the Greatest Source of Financial Worry for Consumers in 2017
(Boston, MA) – April 19, 2017 – The greatest financial worry of consumers today is credit card debt, with nearly 40 percent of individuals claiming this as their primary financial concern, according to a recent survey by national nonprofit American Consumer Credit Counseling.
ACCC on How to Claim Your Tax Deductions
(Boston, MA) – April 17, 2017 – Everyone wants more money in their pocket. When filing federal tax returns it is easy to miss out on simple ways of saving money. Tax deductions allow consumers to lower their taxable income and pay less in taxes.
ACCC Provides Resources for Teaching Kids About Money
(Boston, MA) – April 12, 2017 – As part of National Financial Literacy Month, national nonprofit American Consumer Credit Counseling is aiming to help kids learn about finances at an early age. Developing good financial habits and responsibility at an early age will benefit kids well into adulthood.
ACCC Shares Tips on How Consumers Can Protect Their Personal Information
(Boston, MA) – April 10, 2017 – Every day consumers share personal information with others around them in a variety of settings. Because this is so routine, many consumers don’t think twice when initiating transactions that force them to share personal information.
ACCC Provides Tips for Teaching Kids about Money
(Boston, MA) – April 3, 2017 – In honor of National Financial Literacy Month, American Consumer Credit Counseling wants to help parents talk to their kids about money. It is never too early or too late to start teaching children about the importance of good financial habits.
ACCC Provides Tips on How to Use Credit Wisely
(Boston, MA) – March 27, 2017 – It is easy for credit card debt to spiral out of control. Hence, it’s important that consumers understand how they can protect themselves and use credit wisely.
ACCC Describes the Different Types of Online Scams Consumers Should Avoid
(Boston, MA) – March 22, 2017 –There are different types of online scams that criminals use to defraud millions of consumers. They use tricks and technology to convince consumers to send money or give out their personal information.
New Survey: Almost Half of Consumers Have a Household Credit Debt over $10,000
(Boston, MA) – March 16, 2017 – Almost fifty percent of consumers (49 percent) have household credit card debt over $10,000, according to a recent survey by national nonprofit American Consumer Credit Counseling. Of those respondents, 35 percent have a household credit card debt over $15,000.
Concern Grows with the Federal Reserve’s Plan to Raise Interest Rates in 2017
(Boston, MA) – March 1, 2017 – After the Federal Reserve raised interest rates for the second December in a row and set a plan for several rate increases in 2017, concern has grown among consumers worried about how the hikes may impact their personal finances.
ACCC Explains the Necessary Financial Steps before Military Deployment
(Boston, MA) – February 27, 2017 – Deployment can be an extremely stressful and emotional experience for service members and their families. Like many Americans, the veteran and military population are not immune to issues with financial budgeting, debt and unemployment.
ACCC Discusses the Importance of Credit Counseling to Overcome Burdensome Debt
(Boston, MA) – February 22, 2017 – Credit counseling is a financial service designed to educate consumers about how to pay off their debts and potentially avoid debt in the future.
ACCC Explains the Importance of Allocating a Budget that Covers Expenses in Five Key Areas
(Boston, MA) – February 17, 2017 – Life is full of financial temptations. While the occasional splurge can be fun, the key to enjoying such luxuries comes from creating and maintaining a budget to cover all necessary expenses first.
New Survey: Consumers Say Paying off Debt is Number one Financial Goal
(Boston, MA) – February 15, 2017 – More than 90 percent of consumers say they have a financial goal for 2017, according to a recent survey by national non-profit American Consumer Credit Counseling. More than two thirds of respondents (71 percent) say they have a plan to achieve their financial goal.
Demand for Credit Cards Increases as Consumer Confidence Rises
with Stronger U.S. Economy
(Boston, MA) – January 30, 2017 – As the job market continues to improve and unemployment rates decline (4.6 percent), consumer confidence is rising – leading lenders to extend more credit and increasing the demand for credit cards. Although increased consumer spending indicates a strong economy, many consumers are struggling when it comes to paying off their debt.
ACCC Helps Consumers Get Financially Organized This Month
(Boston, MA) – January 25, 2017 – In response to Get Organized Month, national nonprofit American Consumer Credit Counseling explains the importance of organization and provides tips on how to achieve a healthy financial lifestyle.
ACCC Launches New Video Series on How to Pay Back Student Loans
(Boston, MA) – January 23, 2017 – National nonprofit American Consumer Credit Counseling launched a new, three-part video series on how to repay student loans. The videos take consumers through a variety of options that are available when it comes to paying back student loans so that they can most effectively manage their debt.
New Survey: Just Eight Percent of Consumers Admit to Being Savers
(Boston, MA) – January 18, 2017 – Only 8 percent of consumers identify as being “savers,” according to a recent survey by national non-profit American Consumer Credit Counseling. More than half of respondents (58 percent) say they try to save but “splurge on the right thing,” and 34 percent admit to being “spenders.”
ACCC Receives Grant from Rockland Trust Foundation
(Boston, MA) – January 9, 2017 – American Consumer Credit Counseling announced today that it has received a $25,000 grant from Rockland Trust Foundation to enhance and grow its Pre-Purchase home owner’s program.