Friday, April 26, 2024

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Number of Americans in Credit Counseling
According to the largest network of non-profit credit counseling agencies, the National Foundation for Consumer Credit (NFCC), the number of Americans seeking credit counseling and entering debt management programs has risen sharply over the last ten years. NFCC's member agencies, which deal with a little over half of all the debt handled in credit counseling, assisted over 1.4 million Americans in 1998. About 504,000 of these consumers, who carried a debt of $2.3 billion, entered debt management programs. In 1988, by contrast, only 254,000 consumers entered debt management at NFCC agencies.
        Categories:  Credit Card,Credit Counseling
        Reporting Pub:  Consumer Federation of America
        Reporting Date:  7/28/1999
        Article Title:  LARGE BANKS INCREASE CHARGES TO AMERICANS IN CREDIT COUNSELING
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        Pub's Source: 
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