NFCC Launches New Site to Assist Consumers in Financial Trouble - Page 2

Consumers in financial distress can reach out to a live person at the NFCC Member Agency closest to them through a secure online portal. NFCC counselors can provide assistance and advice with credit counseling, housing counseling and bankruptcy counseling and education.

On a lighter side, there is even a poll where someone can express their opinion about the current financial issues and see how they compare with the rest of the country.

The NFCC has been in the news in the past few days for striking a deal with credit issuers to help consumers facing overwhelming credit balances get out of debt. Thus far, ten of the top credit issuers have agreed to roll out two special needs repayment plans, and the NFCC hopes more will follow suit.

Last month, according to Moody's credit card index, uncollectible credit card debt surged to a 20-year high at 8.82 percent. Additionally, the Fitch Credit Card Index reported credit card delinquencies have increased 36 percent in the past six months.

Michelle Singletary covered this story at the Washington Post. The NFCC also has more information on this in a press release they put out on April 15th.

The NFCC marked April as Financial Literacy Month and has launched a lot of events designed to promote financial responsibility. The newly designed site is one of them. The climax of their efforts is on April 28th when they present the National Survey Results on Consumer Financial Literacy to Congress.

Another event scheduled on April 28th will be a special MSN Message Board Event, where NFCC-certified counselors will be on-hand from 9 a.m. to 9 p.m. (Eastern Standard Time).

Besides providing e-tools to promote financial education, the NFCC can also be reached at 1-800-388-2227 to speak to a counselor near you. Para ayuda en Español Ilama al 1-800-682-9832.

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Having worked around financial crimes for a number of years, I noticed they seemed to be on the rise. One reason for this is technology, which grows more rapidly than laws designed to protect us from it. …

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