Financial literacy seminar at Western New England College

Cambridge Credit Counseling Corp., 67 Hunt St., Agawam, MA, 01001

FOR IMMEDIATE RELEASE

Contact: Thomas Fox
Cambridge Credit Counseling Corp.
413.821.6919
tfox@cambridgecredit.org

CAMBRIDGE CREDIT EDUCATES COLLEGE SENIORS ABOUT LIFE AFTER GRADUATION

Financial literacy seminar at Western New England College to focus on making the right financial choices after graduation.

Agawam, MA - Thursday, February 28, 2008 - On Saturday, March 1, 2008, Cambridge Credit Counseling Corp. will once again participate in Western New England College’s “Life After College Explained” seminar series. For the last several years, representatives from Cambridge’s Education Department have helped to educate students about the proper management of credit and the steps to building wealth.

When it comes to credit, college students are among the most vulnerable consumers. From the moment they set foot on campus, they are the focus of intense marketing efforts, particularly on the part of the major credit card banks. This is despite the fact that students rarely have meaningful full-time employment during their college years. Over the past few years in particular, rising levels of student loan and credit card debt have combined to place a unique burden on graduates. Many are entering the workforce with large monthly debt payments that not only prevent them from giving full attention to their career, but that will continue to hinder them as they pursue the American Dream of homeownership.

The seminar series at Western New England College is a cooperative effort to help graduates deal with the financial demands that will be made on them as they begin to live independently. Christopher Viale, president of Cambridge Credit Counseling Corp., is looking forward to the opportunity. “We are honored that WNEC has invited us to help prepare their seniors,” Viale noted. “The forward thinking approach of the university is exactly what will help to prepare our youth for the financial challenges that await them after graduation.”

The one-hour seminar will focus on credit scores, the cost of credit, and the importance of establishing an appropriate budget to meet financial goals. Each seminar participant will also receive a copy of Cambridge’s Learn Now or Pay Later financial literacy guide for young adults.

Other area colleges interested in establishing a seminar for their graduating seniors are encouraged to call Thomas Fox, Cambridge’s Community Outreach Coordinator, at 413-241-2362.

About Cambridge Credit Counseling Corp.
Cambridge Credit Counseling Corp. is a professional debt counseling agency dedicated to educating young adults on the importance of sound financial management and providing financially distressed Americans with education and debt management services appropriate to their needs. For more information on this article or to schedule an interview, please call 413-821-6919.

Visit Cambridge Credit Counseling Corp. online at www.cambridgecredit.org. To learn more about Cambridge Credit Counseling Corp. in the community, please visit www.youtube.com/CambridgeCredit. For more helpful information, check out the Cambridge Credit Counseling Corp. Financial Literacy blog at www.cambridgecredit.blogspot.com.

Cambridge Credit Counseling – Christopher Viale Interviews

The New Year has started off rather busy as many consumers are looking for advice on how to manage their finances. Along with the increase in the education Cambridge is providing is an increased interest from the media as to the state of America’s consumers. Recently, our president, Christopher Viale, was interviewed by Bankrate.com for several important articles that address the financial concerns facing Americans.

To view these articles, please click on the links below.

Tallying the true costs of debt

6 powerful debt-paydown strategies

Tackling debt as a family

National poll: What, us worry about debt?

What will you do with your economic stimulus check?

Earlier this week, the Bush administration passed the $168 billion economic rescue package. According to details, most taxpayers will receive rebates of $600 to $1,200, with families receiving an additional $300 per child. The goal is to get this money into consumer’s hands so that they will spend it - fighting off a looming recession. So far, most polls indicate that people will be taking their check from the government and doing the exact opposite. Roughly 25% of consumers plan to spend their money, while the remainder plans to save it, or reduce their debt.

So, what do you plan to do with your rebate check?