Also, 17 percent said they would have to borrow the down-payment money "regardless of how much is required," according to NFCC
's latest poll.
The real answer lies in examining the root problem and resolving it, as continued overdrafts can result in some significant financial damage," said Gail Cunningham, spokesperson for the NFCC
obtained the cooperation of five member agencies for this study.
In the poll, NFCC
asked consumers about their financial New Year's resolutions and of the respondents, 76% said they would seek to decrease debt, 6% said increase savings, 11% said improve their credit scores and 7% said they wanted to decrease their dependence on credit cards.
This new service will provide consumers and NFCC
partners with a simple and secure platform to access all of the counseling and educational services offered by the full NFCC
network of 113 member agencies, explained Susan C.
North Fulton Community Charities (NFCC
) works to prevent homelessness in its community by assisting residents with food, clothing and basic housing needs.
The company will join NFCC
member agencies in hosting free 60- to 90-minute sessions in banking centers and other community locations.
To bring additional consumer attention to financial literacy, Cintas Document Management, Equifax and the NFCC
are hosting a contest with the winner receiving $2,000 to pay down their existing debt, a money coaching session with a nationally recognized personal finance expert, the Equifax Debt Wise[TM] product and ongoing credit counseling with an NFCC
Generally speaking, mortgage lenders do not participate in debt-management plans, says Lydia Sermons-Ward, NFCC
's senior vice president of marketing and communications.
According to The NFCC
, Ireland-based Credit analytics firm Experian (LSE: EXPN.L) (OTC: EXPGF) provided a grant to translate MyMoneyCheckUp into Spanish.
36, 2001: This study, funded in part by Visa, measures the reduction in frequency of charge-off/bankruptcy among 14,000 consumers who went through financial counseling and entered into debt management plans (DMPs) at one of five different agencies of the National Foundation for Consumer Credit (NFCC
)[TM] Inc., Silver Spring, Maryland.