| September 25, 2014

Promoting Financial Literacy to Hispanic-Americans during Hispanic Heritage Month

Consolidated Credit helps Hispanic-Americans achieve the dream of financial stability and success.

Helping Hispanic-Americans achieve financil success

From September 15th to mid-October, Consolidated Credit is celebrating Hispanic Heritage Month with initiatives to help American’s faster growing minority group build financial literacy. The aim is to help the 53 million Hispanic-Americans in the U.S. achieve the financial stability necessary to reach their goals.

Although no one ethnic group has a corner market on the need for more financial education, recent studies have found Hispanic-American are feeling the pressure – particularly amongst younger generations such as Millennials. In addition, recent studies by Wells Fargo and Prudential have found Latinos wish they’d learned more about money management early in life and that – perhaps as a result – they struggle to create long-term wealth building strategies.

“Hispanic Americans can face some unique financial challenges depending on their individual situations,” says Gary Herman, President of Consolidated Credit. “From language barriers to understanding an entirely different financial system after immigration – and even down to cultural differences such as multiple generations in the same home and caring for aging parents – Hispanic Americans need to craft financial strategies that work for their circumstances.”

3 tips to help Hispanic-Americans achieve financial freedom

These three easy steps are designed to help Latinos get on the right financial path to move forward:

  1. Establish an accurate household budget. A good budget helps you understand where you are, so you can make plans to get where you need to be. Take some time to understand your outlook so you can make adjustments as needed and avoid problems with debt.
  2. Implement effective strategies to eliminate debt. Use tools like a credit card debt calculator to help you prioritize payoffs so you can get out of debt efficiently. Remember, the less debt you have, the less likely you are to end up facing financial distress.
  3. Define long-term financial needs and goals for the family. This may include investments to send children to college, as well as things like setting aside money if elderly parents will move in with you later in life.

If you get into trouble or aren’t sure how to make plans that help you achieve your goals, Consolidated Credit has credit counselors available for free consultations in English or Spanish. If you have a friend or family member who is more comfortable with Spanish, we also offer a full-service Spanish website.

"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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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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