| January 17, 2011

Managing Personal Finances in 2011

Money Management Advice from Consolidated Credit

Delinquency rates on credit cards issued by banks increased in the third quarter of 2010. Paying back loans was a struggle for many American consumers according to a new report from the American Bankers Association.

The experts at Consolidated Credit encourage consumers to complete a personal finance overhaul that will last. For 2011 prognosticators talk of an economic recovery, housing bounce back and improving employment rates. One good early indication is that Americans are looking to increase their personal savings and more employers are planning to reinstate 401(k) matches in 2011. Americans can’t afford to depend on an economy recovery to get their own personal finances in order. Getting rid of unsecured debts need to be a priority for personal economic prosperity.

Americans set financial resolutions every New Year, but Consolidated Credit wants consumers to create an All Year Resolution when it comes to personal finances.

Becoming educated about money management consumers can start on the path to create financial success in 2011. Consolidated Credit offers a free budget analysis that will establish a person’s financial situation, and then give the appropriate advice on the proper steps to get out of credit card debt and regain financial independence. Our counselors are trained in the credit industry and work one-on-one with people to figure out the fastest and best way to get people out of debt fast.

The average credit card debt is reported at over $7,000 per household and debt can be overwhelming and at times, depressing-so it is urgent that Americans take control of their debt problems and reach out for assistance with their personal finances. Regardless of whether you’re looking to save money, make your credit score better, or buy a house next year, people have to be prepared to get the help they need to be financially successful and at peace.

Tips for 2011 money management:

  • Consistently pay debts on time to establish good credit. A consistent payment history demonstrates “willingness to pay,” which is a key component to creditworthiness.
  • Pay extra money toward the debt charging the highest interest rate. As soon as you pay off that debt, apply extra payments to the next highest interest rate debt. This is known as the snowball method.
  • If you have extra money from a bonus or gift, put at least half of the total toward an extra payment on your debt to accelerate payoff.
  • Review your credit card statements every month to make sure payments are properly applied.
  • Track expenses, spend wisely, and control spontaneous spending.

Remember in this New Year you can accomplish anything you wish as long as you are persistent, consistent, and passionate about achieving your goals.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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