Financial Counseling Association of America (FCAA)’s Post

Consumers pass the point of no return financially when creditors charge off one or more of their accounts. Reaching out for help can be life-changing, but only if you choose wisely among many possible solutions. The team at the Financial Counseling Association of America (FCAA) cautions that if a debt settlement proposal sounds too good to be true, it probably is. Consumers who work with an FCAA-member nonprofit credit counselor gain a partner pledged to negotiate in their best interests to help them achieve a lasting financial recovery. Read more: https://lnkd.in/gZ2Ws85q

How Credit Counseling Can Help You Credit card counseling is a service designed to help individuals manage their debt more effectively and make informed financial decisions. This service is typically provided by nonprofit organizations and includes a range of assistance from budgeting advice to debt management plans. #finance #life #Money #selfimprovement #wealthmanagement

Since the pandemic, bankruptcy filings among young adults have increased to 50%, or $1.12 trillion for 18- to 29-year-olds. Filing for bankruptcy can seem intimidating in the short term, but it may be the step that can help secure your financial wellbeing in the long term. Before deciding to file for bankruptcy, Forbes advises reaching out to a CFP or nonprofit credit counseling agency like the NFCC to fully assess your financial situation. Read more here: https://loom.ly/1ounG3E #CreditCounseling #Bankruptcy #Nonprofit #DebtFree #ManageDebt #PersonalFinance

Check out our latest blog post to learn all about emergency funds: when to save, how much to set aside, and easy ways to get started! ➡️ https://ow.ly/kroQ50RcssP #emergencyfund #savings #VibeCU

You could have an unclaimed Child Trust Fund!👇🏼 There’s currently over 1 million unclaimed Child Trust Funds which you or your children could be entitled to. 💷 If you or your kids were born between 2002-2011, the government set up an account for you and added either £250 and £500. ⭐️ Depending on your circumstances, they may have even added a further £250 or £500 a few years later! 👀 The best part is - the money was either accruing interest or invested, means the value has been growing ever since and will now be worth significantly more. 📈 Check out the video to see exactly how you can find, and claim, yours. #trustfund #financetips #money #trust #children #finance #invested #investingforkids

Credit counseling can be a beacon of hope for those navigating the stormy seas of debt. These nonprofit organizations provide guidance on money management and debt relief options. By engaging a credit counselor, you can gain a fresh perspective and leverage their expertise. Credit counselors can stop collection actions and negotiate on your behalf, offering immediate respite while paving the way for long-term solutions. Many also offer Debt Management Programs (DMPs) that consolidate monthly payments into one manageable sum, often reducing or pausing fees. Seeking professional help isn’t surrendering control; it’s gaining valuable resources and support to reclaim your financial health. https://lnkd.in/gbK7MYFc CALL TOLL FREE 1-877-871-2400 #DebtRelief #CreditCounseling #DebtManagement #FinancialGuidance #FinancialHealth

Pop quiz! What amount should you have saved in an emergency savings account? If you said 3-6 months’ worth of income, you’re on the right track! An emergency fund ensures you have funds available when you need them most. Here are some tips to get there! https://lnkd.in/gg8aDbN3

Pop quiz! What amount should you have saved in an emergency savings account? If you said 3-6 months’ worth of income, you’re on the right track! An emergency fund ensures you have funds available when you need them most. Here are some tips to get there! https://lnkd.in/du_mSGi

Here’s a giving strategy: Bunch, or combine, several years of tax-deductible contributions into your donor-advised fund to exceed the standard deduction, for maximum tax benefits. Assets in your donor advised fund are available to you for grant distributions even in years when you don’t contribute to the fund. Learn more DAF strategy with OUR FREE guide, "Maximize the Impact of Donor Advised Funds." Click here to download: https://bit.ly/4aSBpFL

Understanding Credit Counseling: ✅ Description: Nonprofit credit counselors serve as financial mentors, negotiating better terms for your debt and creating a manageable repayment plan. ✅ Process: You make a monthly payment to the credit counseling agency, which then distributes it to your creditors. ✅ Benefits: Guidance to improve your financial habits, with your credit score not being a hindrance. Take the first step towards financial stability with Luna Debt Relief! 🤝 🌐 Lunadebtrelief.com #lunadebtrelief #debtresolution #debt