2020 Press Releases
New FICO Score Changes Will Magnify Flaws in American Consumers’ Credit Profiles
(Boston, MA) – February 24, 2020 – The margin for error is narrowing on American consumers’ credit profiles, with significant changes pending from Fair Isaac Corp., which produces the FICO credit score used by major lenders to rate tens of millions of consumers every year.
Debt load of Americans who seek financial counseling exceeds $20,000 per household
(Boston, MA) – February 11, 2020 – American households struggling with debt and seeking financial counseling or budgeting help are carrying more than $20,000 in unsecured credit card balances on average, according to a consumer analysis by American Consumer Credit Counseling, Inc (ACCC).
ACCC on Top Money Mistakes to Avoid in 2020
(Boston, MA) – December 8, 2019 – Making better money choices allows consumers to strengthen their finances and avoid debt. Financial mistakes here and there may seem innocent, but they can add up quickly and lead to bad habits and financial disaster.