2019 Press Releases
ACCC on How Massachusetts Consumers Can Avoid Debt
(Boston, MA) – December 16, 2019 – In a world of credit cards, loans, and “buy now, pay later” deals, it is easy for consumers to accumulate debt. Even though taking out loans and using credit cards are often necessary for consumers today, there are strategies to navigate and minimize debt.
ACCC Offers Seven Tips on Holiday Budgeting
(Boston, MA) – December 11, 2019 – Although the holiday season is often a time filled with celebration, the gift-giving process can be stressful for many consumers. With the right budgeting and spending plan, the holiday season will be less of a financial burden.
ACCC Offers Six Retirement Strategies for Late Starters
(Boston, MA) – December 4, 2019 – It is essential that consumers plan for retirement and take steps now to help them achieve financial stability for that period of their lives. Although consumers should ideally start setting money aside early in their careers, individuals who are late to the game still have a chance to save enough for a comfortable retirement.
How Consumers Can Achieve a Successful Black Friday and Cyber Monday this Holiday Season
(Boston, MA) – November 25, 2019 – Some consumers love the thrill of shopping for deals on Black Friday with the crowds, while others prefer to enjoy Cyber Monday from the comfort of their home. Although Black Friday and Cyber Monday have some of the best deals of the holiday season, it is essential that consumers are realistic when spending.
ACCC Offers 7 Tips on what to Achieve Financially Before 2020
(Boston, MA) – November 22, 2019 – With 2020 just around the corner, now is the perfect time for consumers to review their current finances and check off several to-do items before the new year starts. It is essential that consumers start planning their finances for 2020 in order to achieve financial stability in the new year.
American Consumer Credit Counseling Explains the Basic Fundamentals of Investing
(Boston, MA) – November 15, 2019 – Investments provide consumers with a variety of different tools to help achieve their financial goals. Starting the process of investing can be intimidating, but consumers who take the time to learn the fundamentals can gain traction on their short- and long-term financial goals.
ACCC Explains How Consumers Should Read their Credit Reports
(Boston, MA) – November 14, 2019 – Reading credit reports can be tricky and stressful, especially if consumers aren’t completely sure what they are looking at. National nonprofit American Consumer Credit Counseling (ACCC) explains how consumers can successfully read their credit reports.
ACCC Helps Consumers Navigate Awkward Financial Situations
(Boston, MA) – November 1, 2019 – Conversations about money can be extremely awkward. Consumers face a variety of challenging money-related situations that can be damaging to relationships with friends and family.
ACCC Explains Consumers’ Retirement Plan Options
(Boston, MA) – October 25, 2019 – Planning for retirement can seem scary. People are living longer now, so there is an increased need for more retirement savings. Consumers are encouraged to start planning as early as they can, but it is never too late.
ACCC Explains How to Improve Credit Scores
(Boston, MA) – October 23, 2019 – Having a good credit score is crucial to qualify for loans and credit cards. Many credit holders worry about low credit scores, and while improving a credit score might take some time, it can be done.
Fall Financial Tune-up with American Consumer Credit Counseling
(Boston, MA) – October 18, 2019 – Many consumers experience financial anxieties, but may not know what actions they need to take to improve their financial situation. The fall is a good time for consumers to take a moment and review their finances, re-evaluate and reorganize if necessary.
ACCC Explains How to Avoid Default on Student Loans
(Boston, MA) – October 9, 2019 – For many recent college graduates, the euphoria of earning a degree is now giving way to the reality of that first looming student loan payment. Across the U.S., millions of consumers are faced with the burden of repaying student loans - a responsibility that cannot be put off.
ACCC Explains the Different Types of Assets
(Boston, MA) – September 30, 2019 – An asset is something a consumer owns that provides economic value. Assets can include, but are not limited to cash, stocks, inventory, investments, trademarks or patents To help, national nonprofit American Consumer Credit Counseling (ACCC) explains different types of assets consumers may have.
ACCC Explains What to Know Before Cosigning Student Loans
(Boston, MA) – September 27, 2019 – Because most students have little or no credit, it is hard for them to obtain a private loan. That’s why they usually need a cosigner. Parents who cosign a loan can help their child secure a loan and in some cases, help them get a lower interest rate.
ACCC Helps Consumers Communicate with Mortgage Lenders
(Boston, MA) – September 23, 2019 – A mortgage lender is a financial institution that offers and underwrites home loans. Types of mortgage lenders include credit unions, banks, and mortgage companies. The standards, rates and loan programs vary depending on the mortgage lender.
ACCC Explains What Consumers Need to Know Before Buying a Car
(Boston, MA) – September 18, 2019 – Buying a car can be an intimidating experience, especially given the wide range of options and potentially aggressive salespeople. Because of the options and the pressure, consumers must walk into a dealership with all the knowledge necessary to ensure they’re getting the best deal.
ACCC Helps Consumers Plan Financially when Preparing for Children
(Boston, MA) – September 11, 2019 – Raising a child can be one of the best and most rewarding experiences, but it comes with a high financial cost. Consumers should know how to prepare their finances before becoming a parent.
ACCC On Recession-proofing your financial life
(Boston, MA) – August 29, 2019 – Although the economy has been stable for some time, it is only a matter of time until it takes another downfall. With a recession likely to occur in the near future, it is never too early for consumers to prepare for the upcoming financial storm.
ACCC Helps Consumers Plan a Budget-Friendly Wedding
(Boston, MA) – August 26, 2019 – The costs of a wedding can add up very quickly. Some consumers may consider going down to city hall to save, but for those that want a lavish wedding, all hope is not lost.
New Survey: 65 percent of consumers have a second income
(Boston, MA) – August 21, 2019 – Sixty-five percent of consumers have a second income, according to a new survey by national nonprofit American Consumer Credit Counseling.
ACCC Explains How To Use Credit Cards Properly
(Boston, MA) – August 14, 2019 – Credit cards are an essential financial tool if used responsibly. When used properly, credit cards help consumers build credit, which can help them secure lower rates on loans for big purchases, such as a house or car.
ACCC Gives Budget Friendly Back to School Shopping Tips
(Boston, MA) – August 8, 2019 – With summer coming to an end, many parents are preparing for the upcoming school year. The arrival of a new academic year also comes with the sometimes dreaded back to school shopping.
ACCC on How to Manage Money in College
(Boston, MA) – July 31, 2019 – For most students, entering college is the first time they will be managing their own spending and finances. Many credit card companies try to take advantage of college students because they assume they have not learned proper money management techniques.
ACCC Explains Economic Concepts Consumers in Pennsylvania Should Know
(Boston, MA) – July 29, 2019 – Economics is a part of consumers’ daily lives, whether they’re at the grocery store or filling out a loan application, so it is important to have basic knowledge of important economic concepts.
ACCC Helps Consumers Fix Budgeting Errors
(Boston, MA) –July 22, 2019 – Consumers make financial mistakes from time to time, even if they have exceptional personal finance knowledge. It’s important to know how to fix them instantly.
ACCC Explains How to Avoid Investment Fraud
(Boston, MA) –July 15, 2019 – There are several different types of investment fraud that consumers need to be aware of. These include pyramid schemes, promissory notes, high-return of risk-free investments, Ponzi schemes, affinity fraud, and internet investment fraud.
ACCC Receives Grant from the Massachusetts State Treasurer’s Office and Division of Banks to Support Homeless Veterans
(Boston, MA) – June 26, 2019 – National nonprofit American Consumer Credit Counseling (ACCC) announced today it has received a $5,000 grant from the Massachusetts State Treasurer’s office and the Baker-Polito Administration’s Division of Banks for Operation Money Wise Brockton, VA for the second year.
ACCC Explains How Consumers Can Grow Their Wealth
(Boston, MA) – June 24, 2019 – Building wealth is not something that will happen overnight. It takes time and perseverance. The biggest lessons consumers need to learn is how to save and how to stick to a budget.
ACCC Offers Five Tips on How to Effectively Build Credit
(Boston, MA) – June 21, 2019 – As America’s credit card debt grows, it is essential for consumers to adopt safe and sustainable credit card spending and payment practices. Letting credit card payments roll over monthly can be detrimental, creating long-term negative impacts to a consumer’s credit score.
ACCC Proud to Take Part in WCVB’s Project CommUNITY: Financial Literacy and Guidance
(Boston, MA) – June 14, 2019 – National nonprofit American Consumer Credit Counseling (ACCC) announced today it took part in WCVB’s Project CommUNITY: Financial Literacy and Guidance, a ‘televent’ hosted by NewsCenter 5 anchor Ben Simmoneau.
ACCC Helps Consumers Start Planning for Retirement Early
(Boston, MA) – June 13, 2019 – Although retirement among millennials and young professionals may be decades away, it is important that consumers invest early and think long-term.
ACCC Explains How Consumers Can Use Online and Mobile Banking
(Boston, MA) – May 31, 2019 – Online banking allows consumers to manage their accounts on their computer or mobile device instead of having to visit the bank each time they need to make a transaction.
ACCC Helps Consumers Get the Best Deal on their Vacations
(Boston, MA) – May 29, 2019 – Summer is almost here, which means consumers are starting to make their travel plans. Travel expenses can add up very quickly, but with the right research and planning, consumers don’t have to break the bank.
ACCC Helps Consumers in California Get the Best Mortgage Rate
(Boston, MA) – May 23, 2019 – There are many different things to consider when buying a house or condo. First and foremost, consumers need to figure out how much they can afford. After that comes the mortgage.
ACCC Helps Small Business Owners Manage Their Finances
(Boston, MA) – May 17, 2019 – Starting a small business is exciting – but it also takes a lot of work and organizing. Each year, Small Business Week recognizes the critical contributions made by the nation’s entrepreneurs and small business owners.
New Survey: 75 Percent of Consumers Say They Received a Smaller Tax Refund in 2019
(Boston, MA) – May 16, 2019 – This year, many Americans had found that their tax refunds are less than expected, while others owed money when they previously received refunds due to the tax overhaul in December 2017.
ACCC on How to Survive Wedding Season
(Boston, MA) – May 3, 2019 – Wedding season is quickly approaching, and it is important to be prepared. Although weddings are joyful events, they can also be a financial burden as costs tend to add up quickly.
ACCC Gives Helpful Tips on How to Make Money Fast
(Boston, MA) – May 1, 2019 – There are some months when consumers are in need of fast cash – not large sums of money, but enough to stretch until the next payday or to have some extra spending money. Fortunately, there are several ways for consumers to make a little extra cash here and there.
ACCC Explains Spoofing and How to Avoid it
(Boston, MA) – May 1, 2019 – Spoofing is when a hacker impersonates a known source of communication, such as an email address or a phone number, from an unknown source to steal data, private information or carry out phishing attacks.
ACCC Explains Different Way to Track Financial Success
(Boston, MA) – March 28, 2019 – There are several ways that consumers can measure their progress towards achieving financial independence. Financial independence means different things to each consumer and can include reaching an important goal, such as paying off debt, building an emergency fund or contributing to a retirement fund.
ACCC Describes the Different Tax Breaks When Filing
(Boston, MA) – March 26, 2019 – It is important for consumers to be aware of the different tax deductions and credits available to them, as they can be a huge money-saver. A tax credit directly reduces the amount of tax owed to the federal and state governments.
ACCC Helps Consumers Manage Auto Loan Debt
(Boston, MA) – March 12, 2019 – Not all cities and regions have adequate public transportation, so owning a car is often a necessity for many Americans. Auto loan debts are relatively good debts to have as they come with fixed payments and end with the full ownership of a car.
ACCC Explains the Pros and Cons of Owning Income Property in Massachusetts
(Boston, MA) – February 28, 2019 – Owning an income property is one-way consumers can invest their money. Income properties include residential property, such as multi-family or single family units, or commercial property for businesses.
ACCC Explains Six Mistakes to Avoid When Planning for Retirement
(Boston, MA) – February 27, 2019 – Many people look forward to retirement and the time they’ll have to travel, find new hobbies, and relax. To have a secure retirement, it is crucial that consumers plan ahead to ensure they have enough money to last.
ACCC Provides a Financial Checklist for Spring Break
(Boston, MA) – February 25, 2019 – College students around the country are preparing to break out their bathing suits, sunscreen, and passports as they jet off for spring break in March. Students will flock to Mexico, the Caribbean, Europe and other exciting travel destinations for a chance to relax before starting final exam preparations when they return.
ACCC on How to Avoid Tax Penalties
(Boston, MA) – February 22, 2019 – No one is a fan of paying taxes, but being hit with a tax penalty from the Internal Revenue Service (IRS) on top of the amount owed can be a serious financial burden. So many taxpayers get hit with tax penalties every year because of not planning carefully.
ACCC Explains the Different Types of Business Investors
(Boston, MA) – February 13, 2019 – There is more than one type of investor that entrepreneurs can look to when fundraising to launch or expand a business. Investors are a big part of a business’s growth and can play a major role in whether it succeeds or fails.
ACCC Discusses the New Tax Reform for 2018 Filings
(Boston, MA) – January 31, 2019 – If consumers want to maximize their tax refund this year, it is important they understand the changes that have gone into effect. The impact of the tax reform, whether it be positive or negative, depends on each consumer’s situation.
ACCC Discusses Five Financial Resolutions Consumers Never Make But Should
(Boston, MA) – January 24, 2019 – The New Year is usually the time when consumers re-evaluate and make resolutions. While financial resolutions are not the most exciting, they are important. Typical financial resolutions include making a budget or saving money, but there are several others that consumers should consider.
Success with ACCC’s Operation Money Wise Brockton VA
(Boston, MA) – January 11, 2019 – National nonprofit American Consumer Credit Counseling (ACCC) announced today that it recently completed a comprehensive Operation Money Wise financial workshop series for homeless veterans at the Brockton VA.
ACCC offers Six Financial Tips to Help Survive the Government Shutdown
(Boston, MA) – January 10, 2019 – Since there is currently no end in sight for the partial government shutdown, more than 800,000 federal employees across the country will not receive a paycheck this Friday. Not all impacted workers will be able to count on retroactive pay after the shutdown ends, which means the road to financial recovery could be long and difficult – particularly for furloughed employees.