Washington, DC (PRWEB) April 21, 2014
According to the National Foundation for Credit Counseling™ (NFCC) recent online poll, when asked what they would be most embarrassed to admit, the highest number of respondents, 37 percent, indicated it was their credit card debt.
People were given five categories from which to choose. In addition to credit card debt, the options included age, weight, bank balance, credit score or none. Coming in a strong second, 30 percent of respondents indicated they would be embarrassed to admit their credit score. Since debt and credit scores can be related, it is not surprising that these two concerns earned the unenviable top two spots in the poll.
The following illustrates the relationship between credit card debt and credit scores:
“Since consumers revealed that the two facts they’d be most embarrassed to admit are related to credit, it is obvious that they are not comfortable with how they are currently managing their money,” said Gail Cunningham, spokesperson for the NFCC. “The good news is that there are solutions available for those who want to take charge of their financial future. Since April is Financial Literacy Month, now is the ideal time for people to address their financial concerns.”
The NFCC’s Sharpen Your Financial Focus™ program has met the needs of tens of thousands of consumers since it launched six short months ago. The program combines three of the NFCC member agency’s most popular services including a one-on-one financial review with an NFCC Certified Financial Professional, the online financial self-assessment tool MyMoneyCheckUp™, and a targeted education session on the consumer’s topic of choice.
For help overcoming your most embarrassing financial moments, reach out to an NFCC member agency and inquire about the three-step Sharpen Your Financial Focus program. To be automatically connected to the agency closest to you, dial (855) 374-2773, or visit http://www.SharpenToday.org or http://www.agudicehoy.org.
The NFCC March poll question and results are as follows:
I'd be most embarrassed to admit my...
A. Age = 1%
B. Weight =12%
C. Credit card debt = 37%
D. Bank balance =10%
E. Credit Score = 30%
F. None of the above = 9%
Note: The NFCC’s March Financial Literacy Opinion Index was conducted via the homepage of the NFCC website (http://www.DebtAdvice.org) from March 1–31, 2014, and was answered by 2,168 individuals.
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC Members annually help millions of consumers through more than 600 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit http://www.nfcc.org. Visit us on Facebook: http://www.facebook.com/NFCCDebtAdvice, on Twitter: twitter.com/NFCCDebtAdvice, on YouTube: http://www.YouTube.com/NFCC09 and our blog: http://financialeducation.nfcc.org/.