| August 22, 2012

Latinos Must Be Aware of New Credit Card Charges

FORT LAUDERDALE, Fla. -New legislation will allow retail stores to charge customers additional fees for credit card transactions. Stores could charge an average of 1.7 to 3 percent for each transaction. This legislation could potentially affect many Hispanics who are new to the country and lack experience managing credit cards.

Even though Hispanics tend to use cash for purchases, in the last decade a big percentage of the Latin population has relied on credit cards to cover basic expenses. According to Hispanic Insight Center, a company that provides information on Hispanic consumer behavior, 37 percent of the Hispanics carried Visa and 16 percent carried Master Card.

More than 30 percent of the Hispanic population carried balances of about $2,500 in June, according to the Hispanic Insight Center.

Consolidated Credit advises the following to Hispanic consumers:

Ask questions and check receipts: Major stores are unlikely to adopt additional credit card transaction charges, but small stores may do it. To avoid paying for extra charges, check if thewhether small stores you”re shopping in ares are charging additional fees to customers. In addition, check receipts to prevent paying for hidden charges.

Use cash: Using cash is one of the most effective ways of avoiding late fees, high interest rates and credit card debt. Latinos who are not familiar with credit or who have trouble making credit card payments are encouraged to use cash frequently more often than credit.

Reduce debt: There are several ways of reducing debt. However, in some cases it’s impossible for consumers to solve their own financial problems without help. Seeking credit counseling services may be the solution to end financial problems. Visiting ConsolidatedCredit.org may help consumers to evaluate their financial situation and obtain free educational materials about credit card debt and personal finances.

For more information visit http://espanol.consolidatedcredit.org or call (800) 560-6213.

About Consolidated Credit:
Consolidated Credit Counseling Services, Inc., founded in 1993, is one of the nation”s largest credit counseling organizations in the country and has helped over 5 million people with financial issues. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.

"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.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

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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