National Foundation for Consumer Credit

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National Foundation for Consumer Credit

A nonprofit organization that seeks to help consumers who have taken on too much debt by helping them work out payment plans and supplying credit counseling.

National Foundation for Consumer Credit

In the United States, a non-profit organization with branches nationwide that aims to help consumers with too much debt to resolve their problems without resorting to bankruptcy. The NFCC provides individualized services to clients by helping them structure (or restructure) payment plans and providing advice on how to improve their situations.
References in periodicals archive ?
"The 2011 results could be even worse than they appear at first glance." said Gail Cunningham, NFCC spokesperson.
(3.) During 1999, counseling agencies affiliated with the NFCC counseled over 800,000 consumers in 1,300 offices across the United States.
"Decreasing debt is certainly a worthwhile goal," said the NFCC. "However, seeing only 6% of respondents citing saving as a top financial priority" is troubling because many experts consider saving as a means toward financial stability.
"We are grateful for HSBC's support of the NFCC's National Counseling Locator Service, which truly represents a commitment to helping consumers who are in need of quality counseling services," said Keating.
Each year the NFCC hosts the Be MoneyWi$e National Financial Literacy Poster Contest to introduce school-aged children to the concept of financial literacy, allowing them to express their concepts through artwork.
The number of people seeking debt counseling or assistance is rising rapidly, according to the National Foundation for Credit Counseling (NFCC), Silver Spring, Maryland, a nonprofit organization that helps families with debt problems.
Not too long ago, we sat down with the Silver Spring, Maryland-based National Foundation for Credit Counseling (NFCC) to develop a market-rate product designed specifically for consumers undergoing intensive debt restructuring.