2016 News Archive

December 2016

Average credit card debt piles on

Average Credit Card Debt at $16K

Dec 30, 2016 |

With average credit card debt in the U.S. now at $16,061, Americans are walking a fine line between financial stability and financial distress.

Category icon Credit Cards, Debt Relief

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BadCredit.org recommends Consolidated Credit

BadCredit.org Recommends Consolidated Credit

Dec 27, 2016 |

BadCredit.org has officially recognized Consolidated Credit as the right nonprofit credit counseling agency for consumers who are facing debt problems.

Category icon Debt Advice

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How the interest rate hike affects you

What the Interest Rate Hike Means for You

Dec 26, 2016 |

The Fed’s interest rate hike last week doesn’t just affect your rates on new loans. Your credit card balances may be higher now, too, with increased APR.

Category icon Credit Cards

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Most states score equate to a financial literacy fail

Financial Literacy Fail

Dec 23, 2016 |

A new report reveals a major financial literacy fail across the U.S. – consumers don’t have the financial knowledge they need to achieve stability.

Category icon Financial Wellness

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The truth about student loan repayment

The Costly Truth about Student Loan Repayment

Dec 19, 2016 |

A report finds the federal government could be out up to $108 billion from student loan repayment and forgiveness plans. What does this mean for borrowers?

Category icon Student Debt

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Upside down auto trade ins

Upside Down Auto Industry

Dec 16, 2016 |

A record number of car buyers are coming to the lot with upside down auto trade-ins, meaning they actually owe money on the old vehicle when they upgrade.

Category icon Auto

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How do you spend for the holidays

Who Do You REALLY Spend the Holidays With?

Dec 14, 2016 |

More and more, workers are putting off trips home to spend the holidays working, but they also spend their holiday work time shopping for family.

Category icon Holidays

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Maximize travel rewards for more savings

Travel Rewards: Grounded in Reality

Dec 12, 2016 |

Airlines change travel rewards programs to favor how much you pay over how far you fly, making rewards credit cards even more useful for frequent fliers.

Category icon Travel

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Are you feeling holiday shopping stress?

Holiday Spending Stress

Dec 09, 2016 |

If you’re feeling a rise in holiday spending stress you’re not alone. Americans are finding overspending is not adding anything to their holiday cheer.

Category icon Holidays

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Student loan debt repayment comes home

Bringing Student Debt Repayment Home

Dec 07, 2016 |

A new homebuyer assistance program in Maryland provides a means for borrowers burdened by student loan debt to achieve homeownership faster.

Category icon Homebuyers, Housing, Student Debt

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Reviewing statements together avoids financial infidelity

Financial Infidelity: Are You a Credit Card Spy?

Dec 05, 2016 |

Financial infidelity is no longer limited to spenders who hide money and secret credit card accounts; now the other side admits to being credit card spies.

Category icon Relationships

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Credit report changes could erase negative information

Bad Consumer Credit Delays Recovery

Dec 02, 2016 |

Bad consumer credit caused by negative public records such as foreclosure actions issued during the Great Recession may still be holding people back.

Category icon Credit Score

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November 2016

Veterans aren't engaged in civilian careers

From the Military to the Mediocre

Nov 30, 2016 |

Although companies are willing to hire veterans, many find the work they can secure is below their skill level and not up to par with their career goals.

Category icon Military

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Teaching children about money

Teaching Children about Money Can Be a Chore

Nov 28, 2016 |

Using weekly chores and allowance is a great tool for teaching children about money. Here’s what parents can do to use this money lesson effectively.

Category icon Family

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Don't be a Bad Santa when it comes to holiday gifts

Parents Are Overstuffing Their Kids’ Stockings

Nov 23, 2016 |

You might think you’re doing your kids a favor by getting them everything they ask for during the holidays, but really, you’re being a Bad Santa in debt.

Category icon Family, Holidays

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We're responsible for 1/3 of credit card fraud worldwide

U.S. Takes the Bronze in Credit Card Fraud

Nov 21, 2016 |

The U.S. accounts for more than 1/3 of the total reported credit card fraud cases worldwide. Here’s what Americans can do to protect their identity.

Category icon Identity Theft

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Love and money investigated

Savers, Spenders, and Love

Nov 18, 2016 |

When it comes to love and money, financial challenges can definitely derail a happy relationship. Here’s how to have a happy financial life together.

Category icon Relationships, Saving

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Holiday shopping that saves

Finally, Some Good News about Holiday Shopping

Nov 16, 2016 |

Consumers report they’re in a better financial situation heading into the holiday shopping season, which may increase retail sales along with holiday cheer.

Category icon Holidays

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A good credit score is just ahead

Credit Score Rebound

Nov 14, 2016 |

As penalties from foreclosures and short sales executed during the Great Recession expire, many consumers see their credit scores rebound significantly.

Category icon Credit Score

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What type of saver are you?

What Type of Saver Are You?

Nov 11, 2016 |

A new study defines every American as a specific type of saver based on how you save and how you feel about saving money. Are you confident about saving?

Category icon Saving

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Credit card debt stacks up

Which Generation has the Most Credit Card Debt?

Nov 09, 2016 |

We look at which generation has the most credit card debt and explain why no matter how old or young you are, there’s no reason to carry a credit card balance.

Category icon Credit Cards

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Poor credit can drive you off into debt

Can Poor Credit Drive You Crazy?

Nov 07, 2016 |

Your poor credit score may be costing you more and that’s not just due to higher rates on credit cards and loans. Even insurance premiums may be higher.

Category icon Auto, Credit Score, Insurance

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Americans stand united in debt

United We Stand in Debt

Nov 04, 2016 |

A new infographic compares consumer debt levels in red and blue states, but the real conclusion is we all have too much debt, regardless of politics.

Category icon Debt Relief, Financial Wellness

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Not out of the woods with student loan debt

Not Out of the Woods with Student Loan Debt

Nov 02, 2016 |

The CFPB estimates that one in three rehabilitated student loan borrowers is at risk of re-defaulting on their student loan debt in the next 2 years.

Category icon Student Debt

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October 2016

Getting around barriers to homeownership

The Biggest Barriers to Homeownership

Oct 31, 2016 |

Student debt and high rent prices may seem like insurmountable barriers to homeownership, but there are programs available to help you overcome them.

Category icon Homebuyers, Housing

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Will traditional banks stand the test of time?

Will Traditional Banks Tank?

Oct 28, 2016 |

Consumers lack confidence in our current banking system and believe less and less in the power of traditional banks. So what’s next for our money?

Category icon Banking

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Subprime auto loans fall off the path

Subprime Auto Loans Hit a Ditch

Oct 26, 2016 |

Nearly five out of every 100 subprime borrowers is 60 days or more behind with their auto loans. We help borrowers create a strategy to help catch up.

Category icon Auto

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Focus on women in business

What Are Women Business Owners Worth?

Oct 24, 2016 |

Women business owners are taking the lead and making big news during National Women’s Small Business Month this October.

Category icon For Women

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Retirement confidence is high

The Retirement Confidence Trap

Oct 21, 2016 |

People are confident they can retire with enough income, but where does all that retirement confidence come from when investment assets are so low?

Category icon Retirement

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Transition after deployment to garrison life stateside

Military Families Transition after Deployment

Oct 19, 2016 |

As large scale deployments come to an end, it’s essential that military families have plans in place to transition after deployment to achieve stability.

Category icon Military

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New protections for prepaid credit cards

New Protections for Prepaid Credit Cards

Oct 17, 2016 |

If you use prepaid credit cards to avoid high-interest debt, the CFPB has some new prepaid card protections that will affect your usage and accounts.

Category icon Consumer Rights, Credit Cards

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Holiday shopping seasons creep up to make you spend more

Creeping Holiday Shopping Seasons

Oct 14, 2016 |

If holiday shopping seasons got an earlier, we’d all be shopping year-round. But there’s good reason to start early, and it’s not the reason retailers want.

Category icon Holidays

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New map shows student loan default rates nationwide

How Likely Are You to Default on Student Loan Debt?

Oct 13, 2016 |

In some states, nearly one out of five borrowers who graduated during the 2012-2013 schoolyear have defaulted on their student loan debt payments.

Category icon Student Debt

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SCRA protects your financial rights at home

Protecting Servicemembers from Financial Abuse at Home

Oct 12, 2016 |

Servicemembers on active duty deployment are protected by the SCRA, but you need to educate yourself to ensure your financial rights aren’t violated.

Category icon Consumer Rights, Military

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Federal Reserve raises rates

Rate Hike May Impact Up to 92 Million Americans

Oct 10, 2016 |

The latest rate increase could impact your budget. See how much you can expect your credit card bills to increase after the new rates take effect.

Category icon Credit Cards

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Good news in personal finance

Good News in Personal Finance

Oct 07, 2016 |

In spite of approaching $1 trillion in credit card debt and being over $1 trillion in student loan debt, there’s some good news in personal finance, too.

Category icon Financial Wellness

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A you financial prepared for a natural disaster?

When Work Is a Total Disaster

Oct 05, 2016 |

As Hurricane Matthew approaches the east coast, we look at preparedness by companies and workers who want to know what to do when disaster strikes.

Category icon Financial Wellness

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Credit card fees mean higher cost going in

Are High Credit Card Fees Worth It for Rewards?

Oct 03, 2016 |

A new credit card offers big rewards in exchange for a whopping $450 annual fee. We explain how to weigh the benefits of a credit card versus its cost.

Category icon Credit Cards

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September 2016

How the interest rate hike affects you

Credit Card APR at 5-Year High

Sep 30, 2016 |

The average credit card interest rate is now at 15.22%. What does that mean for your ability to manage credit card debt effectively within your budget?

Category icon Credit Cards

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Are your savings ready for a financial emergency?

More Americans Saving Less

Sep 29, 2016 |

A new study finds 69% of Americans don’t even have $1,000 in emergency savings to cover an unexpected expense. What does this mean for financial stability?

Category icon Saving

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Credit card debt stacks up

Setting Records in Credit Card Debt

Sep 28, 2016 |

Americans racked up more credit card debt in the second quarter of this year than any other year before. Are consumer debt levels becoming unsustainable?

Category icon Credit Cards, Debt Relief

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Protect yourself against cyber criminals

What Career Is Growing the Fastest?

Sep 26, 2016 |

Cybercrime is on the rise again. Make sure you’re financial accounts and personal data are protected by following best practices for preventing ID theft.

Category icon Identity Theft

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How to unbanked manage finances out of pocket

Banking on the Unbanked

Sep 23, 2016 |

If you’re unbanked because of past issues or a lack of trust in big banks, we have solutions on how to achieve the basic financial stability you need.

Category icon Banking, For Latinos

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Map: Priced out of Homeownership

Are You Being Priced Out of Homeownership?

Sep 22, 2016 |

Achieving the American Dream is getting tougher and tougher as home prices continue to rise, but some key areas still offer affordability to new buyers.

Category icon Homebuyers

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What do your credit card offers say?

What Do Credit Card Offers Say About You?

Sep 21, 2016 |

Those credit card offers you receive are more tailored to your finances than you think. Here’s the truth about how companies send offers to consumers.

Category icon Credit Cards

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Working to achieve mortgage approval

The Mortgage Lending Paradox

Sep 19, 2016 |

As the mortgage default rate nears zero, some believe it’s a sign lending standards are too strict. Here’s what homebuyers can do to get approval.

Category icon Homebuyers

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Unlocking the equity built up in your home

HELOC Domino Effect

Sep 16, 2016 |

A study finds missed payments on a Home Equity Line of Credit (HELOC) often lead to other delinquencies with primary mortgages and credit card debt.

Category icon Housing

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The United States of Financial Success

The United States of Success

Sep 15, 2016 |

This interactive map shows you the best and worst states for financial stability in the nation. Does where you live determine your ability to succeed?

Category icon Financial Wellness

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Can you read your credit card agreement?

Can You Read a Credit Card Agreement?

Sep 14, 2016 |

A new study finds most customers can’t understand credit card agreements. We explain what you’re missing and how to get up to speed with your agreement.

Category icon Credit Cards

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High education costs can lead to default

Parents Step Up College Savings

Sep 12, 2016 |

More parents are saving for their children’s education costs, but savings are still behind. Here’s what you can do to increase college savings today!

Category icon Family, Saving, Young Consumers

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The Joneses get social

The Joneses Get Social

Sep 09, 2016 |

Social media didn’t invent the phenomenon of keeping up with the Joneses, but it’s not making it better. We offer 3 tips on smart purchasing decisions.

Category icon Budgeting, Financial Wellness

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Paying for college with a credit card

Paying for College with a Credit Card

Sep 07, 2016 |

Credit card convenience fees aren’t the only problem that comes with paying college tuition by credit card. Interest charges put you at high risk.

Category icon Credit Cards, Student Debt, Young Consumers

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Looking forward towards long-term healthcare costs

Sick of Retirement Studies

Sep 05, 2016 |

Experts estimate total out-of-pocket healthcare costs after retirement could be upwards of $400,000. We help you plan ahead for retirement sick days.

Category icon Retirement, Seniors

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Are you saving enough for school?

College Savings in Crisis

Sep 02, 2016 |

Today’s student debt crisis may be rooted in the savings crisis faced by parents following the Great Recession. Here’s what to do to prepare for college.

Category icon Saving, Student Debt, Young Consumers

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Navys Flores offers a cautionary tale of debt settlement

A Cautionary Tale of Debt Settlement

Sep 01, 2016 |

Navys Flores thought debt settlement was the right way to eliminate credit card debt, but three years later she was forced to call NBC 6 Responds for help.

Category icon Debt Relief

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August 2016

Is it possible to survive on minimum wage

Can You Survive on Minimum Wage?

Aug 31, 2016 |

Maintaining a decent standard of living on minimum wage is tough, but those who rely on credit cards to cover gaps are often digging a deep hole with debt.

Category icon Budgeting

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Crunching numbers on installment agreement fees

IRS Revises Installment Agreement Fees

Aug 29, 2016 |

The new 2017 structure for installment agreement fees offers serious incentives to set up IAs and make payments online in the form of lower fees.

Category icon Debt Advice

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The retirement savings clock is ticking down

Losing Sleep Over Retirement

Aug 26, 2016 |

A new study finds even active savers are losing sleep at the idea of outliving their money during retirement. Here’s what you can do to save effectively.

Category icon Retirement

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Overcoming the initial cost of homeownership

Homebuyer Assistance Programs Under Review

Aug 24, 2016 |

HUD is calling for an investigation of down payment assistance programs to ensure practices are fair, but homebuyers may simply not be fully informed.

Category icon Homebuyers, Housing

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A good credit score is just ahead

Want Better Credit? Check Your Score.

Aug 22, 2016 |

Just the act of checking your credit score makes you more aware of where you stand so you know what you need to do to achieve good credit.

Category icon Credit Score

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Do your financial lessons go beyond the piggy bank?

Financial Education Doesn’t Go Beyond the Piggy Bank

Aug 19, 2016 |

Parents aren’t comfortable teaching children about advanced financial education topics like debt, credit and savings tools. We have some advice to help.

Category icon Young Consumers

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Employer credit checks are restricted in many states

Employment Credit Check Conundrum

Aug 17, 2016 |

More and more states are restricting employer credit checks as an unfair practice for job candidates hit by the Great Recession. Check out our map.

Category icon Employment

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Looking forward for lifetime income

Panicking about Pay Raises

Aug 15, 2016 |

A new study finds many households rely on raises to keep up with everyday expenses, so not seeing a salary increase every two years can mean big trouble.

Category icon Financial Wellness

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Is there any relief in sight for student loan debt?

Getting Real with Student Loan Debt

Aug 12, 2016 |

A White House report finds the cost of education and challenges faced by borrowing are ultimately worth it for the career benefits of a college degree.

Category icon Student Debt

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Can your afford your lifestyle

Earning Enough to Afford Your Lifestyle

Aug 11, 2016 |

View this interactive map to compare income to home affordability in 27 U.S. cities – and learn what to do if you live in a place with a large budget gap.

Category icon Budgeting, Housing

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The retirement savings clock is ticking down

What Americans Fear Most About Old Age

Aug 10, 2016 |

If you fear outliving your money, you’re not alone. But while this is many people’s biggest fear, few are saving effectively to meet retirement goals.

Category icon Retirement

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Carrot or stick student debt repayment

The Carrot and Stick of Student Debt Repayment

Aug 08, 2016 |

Collection practices for defaulted student loan debt won’t get any gentler, but customer service for repayment on current student loans may get better.

Category icon Debt Collection, Student Debt

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Find better budgeting practices in 2016

Stress for Less

Aug 05, 2016 |

Although almost half of Americans can now comfortably afford their bills and other expenses, medical debt and lack of emergency savings still create trouble.

Category icon Financial Wellness

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Supporting adult chidren

What Parents Pay to Support Millennials

Aug 03, 2016 |

Providing financial support to adult children delays the retirement goals of parents. We have tips to help Millennials transition to financial independence.

Category icon Family, Young Consumers

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People working into retirement

Working at Retirement

Aug 01, 2016 |

Saving for retirement is being delayed for many due to financial support being given to family. So how do you save for retirement when you’re sandwiched?

Category icon Retirement

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July 2016

Achieve the credit score you want

Credit Score Obstacle to Homebuying

Jul 29, 2016 |

A low credit score may not be as much of a roadblock to buying a home as you might think. A good credit building strategy can get you there within the year.

Category icon Credit Score, Homebuyers

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Gas prices impact your budget

Filling Up More Than Your Tank

Jul 27, 2016 |

A few dollars difference really adds up when gas prices drop, but are you getting the most out of the money you save by using it to pay off credit card debt?

Category icon Auto

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Weighing education costs against basic necessities like food

Education or Food?

Jul 25, 2016 |

Low-income students often choose between eating and paying for college. How do we fix a broken student education system and cope with it in the meantime?

Category icon Student Debt, Young Consumers

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Don't let back to school shopping bust your budget

Back to School shopping in July

Jul 22, 2016 |

A survey reveals parents may spend almost $1,000 to send one child back to school this year. We help parents cut costs to stay on budget for back to school.

Category icon Family

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Enjoy your golden years with the right retirement strategy

Will You Retire Without Debt?

Jul 20, 2016 |

Minimizing debt as you head into retirement is key to maintaining financial stability during your golden years, but how can you be debt-free before age 65?

Category icon Retirement

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Men and women try to find the balance

Are Men Better Than Women?

Jul 18, 2016 |

Women are behind men when it comes to long-term savings and retirement investments, but is it due to fear and uncertainty or due to tough life choices?

Category icon For Women, Saving

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Traditional payment methods with paper bills are preferred

Paper for Plastic

Jul 15, 2016 |

New technology may be providing more options for paying credit card bills each month, but most people choose to stick with traditional payment methods.

Category icon Credit Cards

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The Brexit may impact the real estate market here

Why Brexit Matters for US Homebuyers

Jul 14, 2016 |

What’s happening in the political arena across the pond in Britain and the EU has a big impact on the mortgage rates and the real estate market in the U.S.

Category icon Homebuyers, Housing

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Military families focus on near term finances

Fighting for their Financial Lives

Jul 13, 2016 |

Military service members and their families face difficulty with near-term finances. Consolidated Credit has advice for achieving financial stability.

Category icon Financial Wellness, Military

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A written will protects your loved ones

Battle of Wills

Jul 08, 2016 |

Most people don’t have a written will, but even if you don’t have assets and only have debt, there’s good reason why you need a will to protect your family.

Category icon Financial Wellness

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Right for Renting?

Jul 07, 2016 |

This map shows median rental costs in 50 U.S. cities. If rent is taking up more than one third of your budget, we have advice to achieve homeownership.

Category icon Housing

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The 10 Weirdest Work Distractions

Jul 06, 2016 |

We’ve got the top 10 weirdest ways that employees end up wasting time at work – just be careful not to lose your job reading this post!

Category icon Employment

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Achieving the American Dream

Jul 01, 2016 |

With the help of Consolidated Credit, Maria Altamirano was able to eliminate her high interest credit card debt to become a first time homebuyer.

Category icon Credit Score, Debt Relief, For Latinos, Homebuyers, Housing

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Hoping Doesn’t Help

Jul 01, 2016 |

The average Millennial plans to retire by age 62, but 91 percent don’t even have a retirement plan, let alone the right savings and investment tools.

Category icon Retirement, Young Consumers

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June 2016

Cross-Country Credit Card Debt Crisis

Jun 30, 2016 |

A new study ranks states by revolving consumer debt per capita. High or low, Americans still have too much credit card debt to sustain indefinitely.

Category icon Credit Cards, Debt Advice

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The Stress of Debt

Jun 29, 2016 |

You know your debt puts stress on your budget, but what about the stress it creates in your psyche? We look at the impact of financial anxiety in your life.

Category icon Debt Advice, Financial Wellness

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Maybe We Were Wrong About Millennials

Jun 27, 2016 |

People thought America’s youngest consumer segment had an aversion to credit cards, but new data shows they’re just as likely to carry balances over.

Category icon Credit Cards, Young Consumers

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More Money or Less Debt?

Jun 24, 2016 |

A new study finds half of Americans believe they will die broke if their financial situation doesn’t change by subtracting debt and adding income.

Category icon Debt Relief, Financial Wellness, Retirement

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Good News and Bad News about Emergencies

Jun 23, 2016 |

More Americans are saving up to make a 6-month financial safety net they really need for effective emergency savings. We have some advice for the rest.

Category icon Saving

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The Ups and Downs of Buying a Home

Jun 22, 2016 |

There are mixed reports about the housing market this summer. We look at the reports to see what homebuyers and sellers can expect in real estate this season.

Category icon Homebuyers, Housing

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Financial Abuse More Prevalent, Less Obvious

Jun 20, 2016 |

One in three Millennials has suffered some form of financial abuse. We explain what financial abuse is and how it can affect your credit and relationship.

Category icon Relationships

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Greatest Generation?

Jun 17, 2016 |

You might think America’s youngest generation would be worse with credit, but it turns out they’re savvier about both credit reports and credit scores.

Category icon Credit Score, Financial Wellness

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More Incentive to Save for College

Jun 15, 2016 |

If a new bill passes in Congress, your employer could soon offer a 529 college savings plan with tax benefits and a match program like your 401(k).

Category icon Saving, Student Debt, Young Consumers

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Summer Break without Breaking the Bank

Jun 13, 2016 |

If you’re living on a limited budget, you may feel like a summer vacation is out of reach, but we have tips to help you get the most out of summer break.

Category icon Travel

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Sacrificing for Student Loan Payments

Jun 10, 2016 |

You want to eliminate your student loans but a high monthly payment burden now could prevent major life goals like marriage and buying a first home.

Category icon Debt Relief, Student Debt, Young Consumers

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Big Numbers, Big Problems

Jun 09, 2016 |

While Americans paid off almost $27 billion in credit card debt in the first quarter of 2016, it’s a drop in the bucket compared to the total debt accrued.

Category icon Credit Cards, Debt Advice, Debt Relief

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Are You in the Know on Credit Card Fees and Rewards?

Jun 08, 2016 |

If you don’t fully understand credit card rewards and fees before you apply for a new card, you could be using credit inefficiently and losing money.

Category icon Credit Cards

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Chase: No Credit Backup on Overdrafts

Jun 06, 2016 |

Chase banking customers should take note that the company is changing its policy that allows a credit card to be used for account overdraft protection.

Category icon Banking, Credit Cards

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Never Too Early for School

Jun 03, 2016 |

Retailers are already trying to figure out what parents will be spending this fall to send their kids back to school. Here’s how to budget so you can save.

Category icon Family, Young Consumers

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Hispanics Don’t Trust Banks and It’s Costing Them

Jun 01, 2016 |

Hispanics who had bad experiences with financial institutions in their home countries struggle to adapt and unbanked Latinos are becoming all too common.

Category icon Banking, For Latinos

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May 2016

Giving kids allowance can teach them to save effectively

Allowance Teaches Key Money Lessons

May 30, 2016 |

If you’re giving your children an allowance, make sure you don’t miss key opportunities to teach them financial lessons about budgeting and saving.

Category icon Family, Financial Wellness, Young Consumers

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ID Theft is Painful

May 27, 2016 |

ID theft can be costly and it’s almost always a hassle to address when it happens. Consolidated Credit helps you avoid the pain of identity theft.

Category icon Identity Theft

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Home Retention Works

May 25, 2016 |

If you’re facing foreclosure, you have a 5 to 1 chance to find a home retention solution that allows you to keep your home rather than forfeit it.

Category icon Foreclosure, Housing

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Are You Credit Card Smart?

May 23, 2016 |

A study finds college students lack knowledge about credit cards. Consolidated Credit explains how to use credit cards strategically to avoid debt.

Category icon Credit Cards, Young Consumers

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Money Is Hard Work

May 20, 2016 |

Employees are stressed at work, worrying about how to keep up with debt payments. Financial wellness programs and credit counseling offer a solution.

Category icon Debt Relief, Financial Wellness

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Hurts So Good

May 18, 2016 |

Two annual financial indexes think you’re in more financial pain this year than you were in the last, but remember that personal finance is, well, personal.

Category icon Financial Wellness

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Payday Overdraft Fees Average $185

May 16, 2016 |

Multiple automated payment requests in a day can drive up overdraft fees on a payday loan. Know what you’re getting into before you borrow for a quick fix.

Category icon Banking, Debt Advice

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Losing Sleep Over Financial Woes

May 13, 2016 |

From reducing credit card debt to saving for retirement, a new survey finds Americans are losing sleep worrying about money. Here’s what you can do.

Category icon Financial Wellness

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Marching into Trouble

May 11, 2016 |

Although military service members and their families are more likely to take financial education classes, they are still lacking key financial knowledge.

Category icon Military

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Entitled to Student Loan Forgiveness

May 09, 2016 |

1 in 5 Millennials believe they are entitled to an easier way to achieve student loan forgiveness, but is what they really need student loan relief?

Category icon Student Debt, Young Consumers

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Getting Emotional About Money

May 06, 2016 |

Inflation means the cost of living is likely to increase for you over the next year, but don’t let your stress levels rise because your budget is limited.

Category icon Financial Wellness

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Why Aren’t You Feeling More Financially Optimistic?

May 04, 2016 |

If the pre-election political climate has you worried that the country will go downhill after November, here are 5 steps to take to protect your finances.

Category icon Financial Wellness

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Financial Friend of the Bride or Groom?

May 02, 2016 |

People assume women spend more to be in a friend or family member’s wedding, but in fact men actually shell out more cash to be in the wedding party.

Category icon Budgeting, Relationships

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Mortgage Market Heats Up

May 02, 2016 |

2015 was a big year in mortgage lending, outreaching 2014 across the board, but is this a true real estate recovery or a return to risk subprime lending?

Category icon Homebuyers, Housing

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April 2016

Where’s Your Rainy Day Fund?

Apr 29, 2016 |

More families are saving for a rainy day, but almost 30% don’t have any emergency fund. We explain how much emergency savings you really need to have.

Category icon Saving

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Can America Repay Its Student Loans?

Apr 27, 2016 |

Two in five Americans aren’t making payments on student loan debt and much of the trouble stems from a lack of understanding of student loan consolidation.

Category icon Debt Relief, Student Debt, Young Consumers

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Cardholders Get Shy about Online Shopping

Apr 25, 2016 |

Fraud may cause consumers to cut credit card use, particularly when it comes to shopping online, but there are ways to shop online without risking ID theft.

Category icon Credit Cards, Identity Theft

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Getting Schooled in Financial Literacy

Apr 22, 2016 |

While 87% of parents and 92% of teachers believe personal finance belongs in the classroom, schools lack curriculum to cover basic money management skills.

Category icon Family, Financial Wellness, Young Consumers

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Visa Marks 10 Years Financial Literacy Innovation

Apr 21, 2016 |

Yesterday was Visa’s 10th annual Financial Literacy Summit in Chicago. We give you a rundown of financial literacy initiatives and great finance quotes.

Category icon Financial Wellness

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A New Kind of Retirement Problem

Apr 20, 2016 |

A study finds people don’t understand the rules for withdrawing money from a retirement account so now debt problems today are draining funds for the future.

Category icon Retirement

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Does Education Predetermine Financial Success?

Apr 18, 2016 |

You might think student loan debt prevents college attendees from attaining financial milestones like homeownership, but they’re more likely to hold mortgages.

Category icon Financial Wellness, Student Debt

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Renters vs. Owners

Apr 15, 2016 |

A study looks at the debts and debt problems of property renters versus homeowners. Is there a correlation between mortgage holders and financial stability?

Category icon Credit Score, Debt Advice, Debt Collection

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What Not to Give Your Children

Apr 13, 2016 |

Parents worry that they will become a financial burden on their children after retirement. We offer tips to avoid becoming an anchor after you retire.

Category icon Retirement

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Why Don’t More Seniors Use Reverse Mortgages?

Apr 11, 2016 |

Statistics show only 2% of eligible seniors take advantage of reverse mortgages to access valuable home equity. Is cognitive aging to blame for the aversion?

Category icon Housing, Seniors

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Do You Really Owe the Debt?

Apr 08, 2016 |

Before you make a commitment to make a payment to a debt collector, make sure the debt is actually one you owe before you eliminate debt for someone else.

Category icon Debt Collection

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Should You Use a Credit Card to Pay Taxes?

Apr 07, 2016 |

Convenience fees and high interest charge make paying tax debt to the IRS more expensive and not worth the benefits even with a rewards credit card.

Category icon Credit Cards

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The Credit Card Travel Trap

Apr 06, 2016 |

Credit card issuers often incentivize signups on travel rewards credit cards with free miles, but restrictions may mean you’re not getting the benefit.

Category icon Credit Cards, Travel

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The Parent Trap

Apr 04, 2016 |

Even parents who don’t splurge on themselves admit to taking on credit card debt to make their children happy, but teachable money moments are often missed.

Category icon Family

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Cash or Credit for Small Purchases?

Apr 01, 2016 |

Cash may still be king when it comes to small purchases for incidentals of less than $5, but debit and credit are closing the gap as more youth prefer plastic.

Category icon Banking, Credit Cards

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March 2016

Millennials are Elastic about their Plastic

Mar 30, 2016 |

Millennials are using credit cards effectively and paying off balances in full, but a preference for paycards over bank accounts could be a financial risk.

Category icon Banking, Credit Cards, Young Consumers

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Have You Taken Advantage of HAMP?

Mar 28, 2016 |

Mortgage modification could reduce your monthly payments and make your mortgage reflect your real property value; just be careful with new closing costs.

Category icon Foreclosure, Housing

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Why Women Rock

Mar 25, 2016 |

Women are often considered less financially savvy than men, but new evidence finds they may be better money managers, and better with debt and credit.

Category icon For Women

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Are You Too Loyal to Your Creditors?

Mar 23, 2016 |

A report finds 25 million customers have never shopped for a new credit card. If you’re one of those, you could be losing money and missing new features.

Category icon Credit Cards

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Your Creditors Want to Talk to You

Mar 22, 2016 |

Statistics show that cardholders who call their creditors for interest rate reduction and fee removal are usually successful. So why don’t more people do it?

Category icon Credit Cards

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Americans Take Out More Personal Loans

Mar 21, 2016 |

Many Americans plan to take out unsecured personal loans this year. We weigh the pros and cons and why they may be better than credit if used responsibly.

Category icon Debt Advice

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Another Credit Card Debt Crisis?

Mar 18, 2016 |

Average household credit card debt is just $500 shy of “unsustainable” levels. Here’s what you can do to avoid a personal financial crisis this year.

Category icon Credit Cards, Debt Relief

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Millennials and Emergencies

Mar 16, 2016 |

Over half of Americans have more credit card debt than savings, but Millennials may be bucking the trend to save more in household emergency funds.

Category icon Saving

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Military ID Theft Alert

Mar 15, 2016 |

Criminal identity theft charges have been brought against a San Diego jewelry store accused of illegally obtaining military service member MyPay PINs.

Category icon Identity Theft, Military

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Can You be Arrested for Debt?

Mar 14, 2016 |

Debt collectors are finding ways around the FDCPA and issuing warrants for failure to comply with court orders over unpaid credit card debt. What can you do?

Category icon Debt Collection

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Household Debt Tops $12 Trillion

Mar 11, 2016 |

The average household has $40,000 in debt in the United States and student loan debt is causing the most trouble. Here’s what you can do for debt elimination.

Category icon Debt Advice, Debt Relief

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Don’t Sleep on Debt Stress

Mar 09, 2016 |

Trying to get a restful night’s sleep when you have debt is almost impossible. We help you understand how to beat debt problems to catch some z’s.

Category icon Financial Wellness

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Credit Card Integration Hits the Road

Mar 07, 2016 |

Visa and Honda team up to design an app that calculates gas mileage and pays for you at the pump, but will this lead to credit card debt problems?

Category icon Auto, Credit Cards

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Consumer Debt Today

Mar 04, 2016 |

A study finds that while average debt levels are rising in all categories from credit cards to student loans, many Americans are living entirely debt free.

Category icon Debt Advice, Debt Relief

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Consolidated Credit Recommends: Experian #CreditChat

Mar 02, 2016 |

Not sure why you need a financial advisor or financial planning services to build a better outlook? Learn why do you in Experian’s #creditchat this week.

Category icon Credit Cards, Financial Wellness

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Knowing When It’s Time to Buy

Mar 02, 2016 |

Homeowners break even in two years with the affordability of buying a home versus renting, but how do you overcome obstacles to secure a good mortgage?

Category icon Homebuyers, Housing

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February 2016

Small Business Retirement Benefits

Feb 29, 2016 |

As SBOs turn to retirement benefits like 401(k) plans with match contributions to stay competitive in the job market, employees reap the rewards.

Category icon Employment, Retirement

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Why Do We Rent?

Feb 26, 2016 |

Property renters reveal why they’re not working towards homeownership. Bad credit, not enough savings for a down payment, and lack of desire top the list.

Category icon Homebuyers, Housing

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Child Support with a Credit Card

Feb 24, 2016 |

Paying child support by credit card may be convenient, but added convenience fees and high interest charges for cash advances could hurt your budget.

Category icon Credit Cards, Family

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America and Military Saves Week 2016

Feb 22, 2016 |

Whether you’re just getting started or you’re a saving expert, we have some tips on what you can do this week to improve your personal saving strategy.

Category icon Financial Wellness, Military, Saving

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Americans Tight Lipped about Debt Problems

Feb 19, 2016 |

Allowing the stigma of credit card debt to keep you from seeking help makes debt suck even more. Seeking help can eliminate your debt and liberate you.

Category icon Credit Cards, Debt Advice

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How Does Debt Impact Children?

Feb 17, 2016 |

Household debt may impact the socioemotional well-being of children – while mortgage and student loan are good, credit card debt could be harmful.

Category icon Family

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How Impulsive are You?

Feb 15, 2016 |

Americans aren’t shying about pulling out credit cards to make impulse purchases. Consolidated Credit helps you scale back on splurging to avoid debt.

Category icon Budgeting

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Sweethearts Spend Less than $100

Feb 12, 2016 |

Valentine’s Day spending is set to hit record highs this year. Consolidated Credit helps you make the day special without going into debt to do it.

Category icon Holidays, Relationships

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Death and taxes – and tax fraud

Feb 10, 2016 |

Tax fraud scams are running rampant this year ahead of the 2015 income tax return filing deadline. Consolidated Credit offers four ways to stay safe.

Category icon Identity Theft

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Remove Credit Roadblocks to Mortgage Approval

Feb 08, 2016 |

A new bill may help homebuyers with low or limited traditional credit scores qualify for mortgage approval under alternative credit scoring models.

Category icon Homebuyers

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Valentine’s Day: Roses and Thorns

Feb 05, 2016 |

Fights over money and debt can ruin even the best relationship. This Valentine’s Day, make sure finance isn’t a source of friction in your relationship.

Category icon Debt Advice, Relationships

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Foreclosure Filings Down in 2015

Feb 03, 2016 |

Foreclosure filings were down significantly in 2015. What this means for homeowners who still haven’t take advantage of mortgage relief like HAMP and HARP.

Category icon Foreclosure

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Millennials Say Live for Today

Feb 01, 2016 |

Regardless of age there is something in the now that always seems to take precedence over saving. Striking a balance is key to your financial future.

Category icon Retirement

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January 2016

Credit Card Use across America

Jan 29, 2016 |

We look at credit card use by state throughout the U.S. to see which consumers are using credit the right way and who is headed for financial distress.

Category icon Credit Cards, Credit Score, Debt Advice

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Can You Afford an Emergency?

Jan 27, 2016 |

Even affluent Americans don’t have an emergency fund in their savings account to cover unexpected life events, putting financial stability at risk.

Category icon Saving

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2016 Looks Good for Jobseekers

Jan 25, 2016 |

The prospect of landing a job in 2016 is highly likely and it looks like jobseekers have more to choose from and more to say when it comes to income.

Category icon Employment

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Mad About Maxing Out

Jan 22, 2016 |

Roughly 56 percent of Americans are using more than 2/3 of their available credit lines, meaning trouble down the road with high interest credit card debt.

Category icon Credit Cards, Credit Score

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Minnesota Student Loan Refinance Program

Jan 20, 2016 |

A new student loan refinance program helps Minnesota resident make plans to eliminate student debt in a way that works for their household budgets.

Category icon Young Consumers

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Mapping a Paycheck Problem

Jan 20, 2016 |

High income doesn’t always equate to financial stability, particularly if you live in a state with a high cost of living. We break stability down by state.

Category icon Budgeting

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Top Fraud of 2015

Jan 18, 2016 |

Consolidated Credits reviews the top financial scams of 2015 and offers some advice to consumers to avoid similar money fraud attempts in 2016.

Category icon Identity Theft

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Credit and Debt by Generation

Jan 15, 2016 |

Debt and credit score tend to increase as you get older, but a new data study from Credit Sesame finds millennials have higher credit utilization ratios.

Category icon Credit Score, Debt Advice

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Good News for Seniors

Jan 13, 2016 |

Reports show seniors have excess home equity that could be used to achieve financial goals, but a reverse mortgage should always be pursued carefully.

Category icon Seniors

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Young Millennials Move towards Independence

Jan 11, 2016 |

America’s youngest consumers just coming out of school are making faster headway in achieving financial independence from parents than older millennials.

Category icon Young Consumers

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Employees Undervalue Workplace Benefits

Jan 08, 2016 |

Employees often undervalue the financial impact of employer benefits packages. Consolidated Credit has advice for doing more with the benefits you get.

Category icon Employment, Financial Wellness

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Housing Outlook 2016

Jan 06, 2016 |

Consolidated Credit helps home buyers and sellers understand the upcoming year in real estate, so families on both sides can achieve their ownership goals.

Category icon Homebuyers, Housing

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Credit Score Shangri-La

Jan 04, 2016 |

Experian reveals the best and worst cities in the U.S. by consumer credit score. We offer residents in the worst advice on working towards better credit.

Category icon Credit Score

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"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.
Click here to learn more.

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.

View the Consolidatedcredit.org review status

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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