If you are receiving unsolicited phone calls from an entity pretending to be ACCC (a trusted non-profit credit counseling agency), please be assured that ACCC’s policy is NEVER to contact you unless you’ve explicitly requested us to call you. Also be cautious of emails from an unusual or unfamiliar domain. ACCC’s domain extension is @consumercredit.com, and any emails using a different extension should be treated with suspicion.


ACCC’s Client Login allows current clients to access their program information, including the due date, program benefits, and other documents.

Select a Client Login below based on the service that you are currently enrolled in:

Debt Management Program

Client Login

Not yet a client, but looking to get started?

ACCC offers debt relief options to individuals and families that are suffering from stress related to credit card debt by providing effective credit counseling, helping to consolidate debt, and advising on debt management.

Get Started


You are now leaving the Consumer Credit website and are going to a website that is not operated by ACCC. We are not responsible for the content or availability of linked sites.

Are you sure you want to leave?

No, return me to the previous page.


Weekly Round-Up: Latest January Financial News

From Social Security to global politics, there is a lot to focus on from the news this past week. Your personal finances can always benefit from staying current with the stock markets, world events and the happenings of our own country. As a nonprofit credit counseling agency, ACCC wants to help keep consumers updated. Let the latest January financial news help you manage your money and reach your goals.

American Consumer Credit Counseling has the latest January financial news

American Consumer Credit Counseling has the latest January financial news.

Latest January Financial News

There are many great articles from the past week for you to read. The following list has been compiled to help you stay current without spending oodles of time online sifting through articles and websites. While there is plenty more out there, the headlines below are a great starting point.

  • “Why claiming Social Security early could be more popular than ever this decade” by USA Today
  • “Stocks climb in the ‘first five days’ indicator, sending bullish signal for 2020” by CNBC
  • “Iran tensions, jobless claims — What to know in markets Thursday” by Yahoo! Finance
  • “The Popularity Of (And Problem With) Municipal Bonds” by NPR’s Planet Money

Review of Different Retirement Plans

The traditional IRA is a retirement account you can open up yourself, which is a good option if your employer doesn’t offer a retirement plan. This type of account allows you to invest in stocks, bonds, and mutual funds. You don’t pay taxes on the investment gains, but you will pay income tax on the money you withdraw from the account once you retire. However, you can deduct your traditional IRA contributions on your tax returns if you don’t have a 401(k) through your work. This will reduce your taxable income for the year.

Don’t withdraw money from this account until you reach the age of 59 and a half, otherwise, you will have to pay a penalty fee. Once you turn 70, you will be required to start withdrawing annually from your traditional IRA.

Roth IRA

A Roth IRA is a little different from the traditional IRA. With a Roth IRA, you can withdraw money with no penalty before you reach the age of retirement. It is also not mandatory to start withdrawing at age 70. Roth IRA plans are not tax deductible like the traditional IRA’s, but you will never be taxed on the money you withdraw from the Roth IRA.

Keep in mind for both the traditional and Roth IRA, the maximum you can contribute to these accounts is $6,000 for 2019.


Unlike IRAs, the 401(k) is a retirement plan that is only offered through your employer. A 401(k) allows you to contribute part of your pre-tax paycheck toward investments to save for retirement. Similar to the traditional IRA, withdrawing money before the age of 59 and a half will result in a penalty. Also, like the traditional IRA, you will be taxed once you start withdrawing money from this account.

A major benefit to contributing to a 401(k) is that most employers will match your contributions. For example, if you contribute 2% of your income to a 401(k), your employer will match that amount. That’s basically free money! However, it is important to know how long you need to be at the company before you can take your employer’s contributions. If you leave the company before a certain amount of time, you cannot take your employer’s contributions with you.

If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today.


Michelle is a regular contributor to Talking Cents. She has taken several financial courses on debt management and is ready to circulate what she has learned from them as well as lessons from her own life- family to DIY projects to student loan debt.

View all author posts →


Your Ultimate Money Management App

Meet CreditU, the ultimate one-stop debt and financial management app! See your full financial overview, including debts, income, expenses, and savings.

CreditU Apple App Store
Dev Tool:

Request: blog/weekly-round-up-latest-january-financial-news
Matched Rewrite Rule: blog/([^/]+)/?$
Matched Rewrite Query: post_type=post&name=weekly-round-up-latest-january-financial-news
Loaded Template: single.php