Too many Americans are struggling--and working overtime--to get by. Online access to vital information makes it easy for people to take control of their finances and improve their lives
Washington, DC (PRWEB) July 12, 2008
In these times of economic uncertainty, millions of households are facing home foreclosure, debt from medical bills and increased reliance on high-interest credit cards. To help low-income families cope with today's financial climate, One Economy today announced the Beehive's Financial Coach (http://www.thebeehive.org/financialcoach). This innovative online resource helps Americans gain financial stability with free consumer credit counseling, household budget tools, practical financial quick fixes and more.
Developed in partnership with two Atlanta-based organizations, Consumer Credit Counseling Service and The Center for Working Families, Inc, the Financial Coach personalized budget and credit counseling with proven internet budget tools, expert opinions, and fresh user-created content that helps people solve financial problems in the dignity and privacy of their homes. Information and resources available through the Financial Coach include:
- Free Credit Counseling: Consumer Credit Counseling Services provides housing delinquency and foreclosure prevention assistance, budget and credit counseling, and debtor education. This online or telephone free credit counseling service is conducted around-the-clock by National Foundation for Credit Counseling (NFCC) certified counselors in both English and Spanish.
- Financial Quick Fixes: Simple steps that build confidence and help reverse bad habits like debt payment delinquency, unnecessary expenses, and negative savings
- Better Budgeting: A budget framework and free budget tool helps people build a household budget and stick to it, encouraging responsible spending and saving that allows users to enjoy life, contribute to savings, and address their financial needs.
- Overcoming Financial Challenges: Shared space where users can contribute and read stories of how real people have tackled a difficult financial situation help consumers by knowing that they are not alone
"Too many Americans are struggling--and working overtime--to get by. Online access to vital information makes it easy for people to take control of their finances and improve their lives," said One Economy Chief Executive Officer Rey Ramsey.
One Economy Corporation, a global nonprofit that uses innovative technology to connect low-income people to the economic mainstream, built Financial Coach with support the Ford Foundation. Financial Coach is part of the Beehive (http://www.thebeehive.org), One Economy's multilingual self-help web portal that connects nearly 4 million people each year to the tools and resources they need to build better lives
About One Economy
One Economy Corporation is a global nonprofit that leverages the power of technology and information to connect low-income people the economic mainstream. One Economy brings broadband into the homes of low-income people, produces public-purpose media, and trains and employs youth to enhance communities' technology capacity. Learn more at http://www.one-economy.com.