2020 Press Releases
ACCC Says consider options for mortgage refinancing or relief during covid-19
(Boston, MA) – September 17, 2020 – With interest rates plunging to new lows, American Consumer Credit Counseling (ACCC) is advising more clients on mortgage refinancing as well as COVID-19 relief options made possible through the CARES Act.
ACCC Issues Advice, caution on borrowing from a 401(k)
(Boston, MA) – August 24, 2020 – American Consumer Credit Counseling (ACCC) is advising more and more people who are considering a loan or hardship withdrawal from their 401(k) plan or other retirement savings to cope with the financial impact of the COVID-19 pandemic.
ACCC: Relief can be had from private student loans borrowers impacted by covid-19 have options
(Boston, MA) – August 5, 2020 – American Consumer Credit Counseling (ACCC) says Americans facing hardship from private student loans due to COVID-19 can still find relief – even though most private loans were left out of the federal CARES Act initiated in March.
Americans tapping into 401(k) and other retirement Funds
(Boston, MA) – July 17, 2020 – The COVID-19 pandemic and related economic crisis are forcing Americans to borrow against their retirement funds, and confidence in the U.S. economy is further declining among those who have been hardest hit, according to a new poll by American Consumer Credit Counseling.
ACCC Warns Consumers on COVID-19 scams
(Boston, MA) – June 24, 2020 – American Consumer Credit Counseling warned today that consumers are at increased risk of being scammed as economic fallout from the COVID-19 pandemic creates an environment ripe for financial predators.
America's Economy is reopening, but small businesses face continued covid-19 disruption and uncertainty
(Boston, MA) – May 28, 2020 – America’s small business owners face a long road to recovery as the U.S. economy begins reopening in all 50 states – and the challenge of balancing personal and business finances is creating unprecedented levels of stress. Budget and credit counselors from the nonprofit American Consumer Credit Counseling are spending more time helping small business owners prioritize their financial lives.
Double the impact of your covid-19 stimulus check with smart strategies for Windfall Management
(Boston, MA) – May 4, 2020 – Americans can double the impact of their stimulus checks with strategies for managing and maximizing a modest windfall, according to American Consumer Credit Counseling.
Pandemic-related IRS Changes Could delay american tax refunds
(Boston, MA) – April 27, 2020 – The COVID-19 pandemic has triggered drastic changes within the IRS that could cause significant delays with American’s tax refunds – especially for those who file paper tax returns, national nonprofit American Consumer Credit Counseling warned today.
Americans’ Confidence in Their Financial Health is Badly Shaken by COVID-19 Public Health Crisis
Boston, MA) – March 30, 2020 – Americans are feeling the economic pain of the global COVID-19 pandemic, and their confidence in the U.S. economy has been badly shaken, according to a new poll by American Consumer Credit Counseling.
Americans Must Have a Financial Emergency Kit
(Boston, MA) – March 20, 2020 – The global COVID-19 pandemic is creating worldwide economic peril. American households must act now to establish a financial emergency kit and improve readiness for fast-developing events, American Consumer Credit Counseling said today.
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.