(PRWEB) March 24, 2014
In honor of March Madness, national nonprofit American Consumer Credit Counseling announced the release of its “Financial Bracketology” – an interactive guide to help consumers pay down credit card debt. The bracket challenges consumers to complete an easy-to-follow step-by-step plan to pay off a credit card and begin a healthy financial future.
“Credit card debt is holding fairly steady in the United States and is the third largest source of household indebtedness only behind mortgage and student loan debt,” stated Steve Trumble, President and CEO of American Consumer Credit Counseling. “With ACCC’s ‘Financial Bracketology’ guide, consumers will be able to improve money management strategies not just for March, but for long-term financial stability and lower credit card debt for the entire year.”
The average household credit card debt in the United States tops $15,252 with American consumers owing a total of $11.52 trillion – an increase of 1.6 percent from last year. For those consumers faced with significant debt loads, follow ACCC’s “Financial Bracketology” infographic to help get back on track to financial security.
Begin with round 1:
Once these steps are completed, it is time to transition to Round 2!
“Consumers need to remember that this is a first step in tackling debt,” added Trumble. “Completing the bracket will help to develop financial stability and develop sound budgeting techniques that will ultimately translate into beneficial long-term habits.”
ACCC is a 501(c)3 organization, that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For more information, contact ACCC:
About American Consumer Credit Counseling
American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling 501(c)(3) organization dedicated to empowering consumers to achieve financial management and debt relief through education, credit counseling, and debt management solutions. In order to help consumers reach their goal of debt relief, ACCC provides a range of free consumer personal finance resources on a variety of topics including budgeting, credit and debt management, student loans, homeownership, identity theft, senior living and retirement. Consumers can use ACCC’s worksheets, videos, calculators, and blog articles to make the best possible decisions regarding their financial future. ACCC holds an A+ rating with the Better Business Bureau and is a member of the Association of Independent Consumer Credit Counseling Agencies. For more information or to access free financial education resources, log on to ConsumerCredit.com or visit TalkingCentsBlog.com.