| August 27, 2009

Consumers getting a handle on credit card debt

Credit card debt seems to becoming easier to deal with for consumers, a new report shows. According to the Moody’s Credit Card Index, charge offs saw a drop to 10.52 percent during the month of July. The charge off rate had been at 10.72 percent during June, which marked a record high for the index. Along with charge offs, credit card delinquencies saw a drop during the month. Delinquencies, which are defined as credit card debt payments that are more than 30 days late, fell to 5.73 percent during July. That rate is the lowest seen this year. As more consumers seem to be handling their credit card debt problems, they are also getting some help from the federal government. Recently, the initial provisions of the Credit Card Accountability, Responsibility and Disclosure Act took effect. According to the first set of new rules, consumers will get 45-days notice of changes to fees and interest rates. Furthermore, consumers will be given the option of opting out of the changes.

"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.

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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.

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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.

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