In the News

Love and Marriage in Economic Times

Love is in the air, but nothing breaks Cupid’s bow like an argument over money. And considering today’s economic environment with job losses skyrocketing and personal savings dwindling, there is a lot of stress surrounding money at home. Money problems can start even before the “I do’s” are pronounced. During the courtship phase of a relationship the sky’s the limit. Going into debt to pay for candy, flowers, and meals at the finest restaurants seems worth it. Click here for the full story.

Surviving Job Loss

Emotional and Financial Strain Can be Costly. The recent job loss numbers are staggering. Layoffs are widespread, making it hard to find a sector that has not been touched. It appears that no one, regardless of position or income level, is safe from the pink slip.
Unemployment hovers near 7.6 percent, with January numbers the worst on record since 1974, years before many of those standing in the unemployment lines were born.Click here for more information.

Consumer Credit Counseling Service Encourages Consumers to Spend Wisely

Consumer Credit Counseling Service, long recognized as a leader in the financial literacy field, encourages consumers to spend and help the American economy restart its growth engine. “There has been much debate about how consumers should use any extra money that comes their way as a result of the recently signed stimulus package,” said Tim Robbins. “However, spending needs to be tempered with a strong dose of reality. In today’s economic environment, common sense practices must prevail or we run the risk of finding ourselves in even worse shape.” Click here for the full story.

April is National Financial Awareness Month!

April is designated as national financial literacy awareness month. In our current economic times, it is even more important that consumers take an active role in their financial planning. Consumer Credit Counseling Service is hosting a free workshop “Five Things You Need to Know Now for Your Financial Future” at CCCS (2022 Central Avenue) on April 23 from noon to 1 p.m. Click here for the full article.

The Rise of Foreclosure Scams

Reports of mortgage foreclosure scams are on the rise. Knowing what to watch for and where to turn for help is vital for families who are struggling to remain in their homes. March 1 to 9 is National Consumer Protection Week, and the Federal Reserve Board has compiled some tips to help protect consumers from becoming victims of foreclosure avoidance scams. It's important for consumers to know that housing counselors and other resources are available at no or low cost to assist homeowners who have fallen behind on their mortgage payments. Click here for the full story.

Click the links below for a PDF version of our monthly newsletter.