Thursday, April 22, 2010

News : Some willing to seek advice, such as services offered by consumer credit counseling

Some willing to seek advice, such as services offered by consumer credit counselingsource : debtconsolidationconnection.com
By Peggy Stillwell on Apr 20th, 2010


A recent survey shows that some consumers may not feel too educated when it comes to dealing with their finances, although they are willing to look for help.

According to the poll from the National Foundation for Credit Counseling, 34 percent of respondents would give themselves a grade of C, D or F regarding their understanding of personal finances. The percentage represents more than 77 million people who may be in line for some additional assistance.

"Although the survey did show some improvements in consumer behavior as it relates to personal finance, there are still serious deficiencies which impact consumers' ability to properly manage their money, particularly during an economic crisis," said NFCC spokeswoman Gail Cunningham. ...

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