FCAA

The Financial Counseling Association of America

Debt Management Plans – What’s Holding You Back?

4 reasons people give for not signing up for a debt management plan and why they may be making a mistake


We’ve all heard motivational stories of people who have been in financial trouble, then pulled themselves up and are now wildly successful. While these stories are inspiring, not everyone has the means or the support to do the same.

When people get in financial trouble, they often contact the Financial Counseling Association of America (FCAA) for help. One of our member agencies can review their unique situations and make recommendations, giving them pathways out of the financial holes.

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FCAA Partners With Piere to Offer Financial Management App

Partnership combines Piere’s financial management app with non-profit financial counseling from Financial Counseling Association of America members to benefit consumers


BOCA RATON, Fla. (Aug. 20, 2024) – Consumers will now have smarter financial tools available to help them with money management through a new partnership between the Financial Counseling Association of America (FCAA) and Piere, a pioneering intelligent personal financial management platform.

This collaboration will help empower consumers on their journey to financial stability and debt relief by combining Piere’s innovative financial tools and insights with FCAA’s expert financial education and counseling. When consumers visit FCAA’s website, they will be able to access and download the Piere app for free, with more robust reporting and automation available for an upgrade fee.

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Understanding Your Credit Score and How to Build Good Credit

As you plan and set financial goals, many of those goals may require you to use credit to achieve them. However, the credit limits, rates and loans granted are not the same for everyone. Understanding your credit score is important to get the best rates and approvals needed to realize your dreams.

A high credit score can open doors to better credit terms, lower payments and interest rates and other opportunities. It can often save you money in the long term. Lower credit scores limit opportunities, often increase interest rates and may prevent you from obtaining loans.  

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Debt Advice – How to Know Who to Trust

Money is a top stressor for adults in the United States today. With overdue credit card debt at the highest level in decades added to student loan payments and mortgage debt, many Americans are struggling to get out of debt. And they don’t know where to turn to get trustworthy debt help. 

Determining how to pay off debt can be a challenge, though. Some can read a book and translate principles into their own financial lives. But others need help choosing the best debt relief method, setting a realistic budget and staying on course.  [Read more…] about Debt Advice – How to Know Who to Trust

Are Reverse Mortgages Beneficial?

Thousands of Baby Boomers are hitting retirement age each year, but many are not financially prepared for the next 20+ years of life. Rising healthcare costs, food costs and inflation are siphoning off seniors’ hard-earned retirement funds faster than expected. A reverse mortgage could be the solution.

Seniors who own their homes can obtain money for living expenses by tapping into the equity in their homes through a reverse mortgage.  [Read more…] about Are Reverse Mortgages Beneficial?

How to Protect Yourself from Financial Scams

Are you up on all the latest financial scams? You might be surprised at how sophisticated and convincing scams have become and how many people fall prey to scammers. 

Scenario 1: The phone rings at 7 p.m. The caller says he is from a collections agency, and you need to pay your outstanding debt now or you will be arrested. What should you do?

Scenario 2: You receive a call saying your granddaughter was arrested for using her iPhone while driving. The caller pressures you to pay to keep her out of jail, and then you hear her voice on the line telling you to wire money. Should you do it?  [Read more…] about How to Protect Yourself from Financial Scams

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