Tuesday, February 24, 2009

CAMBRIDGE CREDIT OFFERS NEW ONLINE EDUCATION TO HELP CONSUMERS THROUGH THE ECONOMIC CRISIS

Your Money 2.0 launches this week offering expert advice on financial challenges.

With more than 200 million Americans active on the Internet, Cambridge Credit Counseling is increasing its online education efforts. This week, Cambridge launches its new online news program, Your Money 2.0. The weekly program will highlight the most relevant financial stories of the day, and provide insight as to how these events may affect the average consumer. In addition, Your Money 2.0 will focus on the very best financial tools available online so consumers can be as informed as possible when making financial decisions. Personal finance websites, blogs, and other important Internet resources will be among the topics regularly featured on the program.

“The Internet connects the world, and it is becoming a fantastic medium to provide financial education,” noted Christopher Viale, president and CEO of Cambridge Credit Counseling Corp. “Cambridge’s Your Money 2.0 will have the ability to reach a mass audience and help empower individuals to regain control of their money.”

The program builds off Cambridge’s successful Learn Now or Pay Later webisodes, which were released throughout 2008. Your Money 2.0’s weekly format will allow for a more immediate delivery of pertinent education, helping ordinary consumers manage their finances as the country suffers through its worst economic downturn since the Great Depression.

Weekly programs will be available on the company’s YouTube page, and will be offered for free to financially themed sites across the Internet. Anyone interested in learning more about Your Money 2.0 should contact Thomas Fox, Community Outreach Director, at 413-241-2362 or via e-mail at tfox@cambridgecredit.org. Subscriptions to releases are available at the company’s YouTube page.

To view a Your Money 2.0 promotional package, please visit www.youtube.com/CambridgeCredit.

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 to 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 http://www.cambridgecredit.org/. To learn more about Cambridge and the community, please visit www.youtube.com/CambridgeCredit.

Thursday, February 12, 2009

WAITING FOR GEITHNER: CAMBRIDGE CREDIT COUNSELING COMMENTS ON WHAT’S TO COME FOR MORTGAGE RELIEF

Treasury Secretary Geithner’s plan to “leverage and mobilize private capital” along with government funds to help take $500 billion worth of distressed assets off the balance sheets of the nation’s troubled banks did little to encourage the markets. The specifics of the Administration’s proposal have yet to be revealed, but, according to Christopher Viale, President of Cambridge Credit Counseling Corp., the plan reveals Geithner’s likely thinking about how his department intends to help the millions of homeowners facing foreclosure.

For Viale, whose “Home Sweet Home” initiative is designed to stave off the next wave of mortgage foreclosures and keep as many people in their homes as possible, Geithner’s approach will also, he hopes, be a public-private solution. “The problem is too big for government alone,” said Viale. “But until we see the specifics from Treasury on exactly how mortgage relief will work, I’m concerned that their approach might not go far enough. America needs a relief plan that provides options to homeowners beyond the group that is already in default. There are millions more Americans who are barely making their monthly payments.”

Viale should know. Cambridge Credit Counseling is a professional debt counseling organization that helps educate Americans on the importance of sound financial management. Cambridge, which has counseled well over 1.5 million consumers, is on the front lines of the country’s economic meltdown. Viale’s “Home Sweet Home” initiative hinges on a “50/40” concept: rewriting mortgages out to terms as long as 50 years and reducing the monthly payment by as much as 40%. The result would enable consumers in financial difficulty to meet their financial obligations – mortgage payments, credit cards, medical costs, establish personal savings and remain productive in the economy.
"Preventing foreclosures and helping consumers pay their bills doesn’t just stabilize the economy, it’s a form of stimulus in itself,” said Viale.

Monday, February 2, 2009

CAMBRIDGE CREDIT COUNSELING EMPLOYEES VOLUNTEER TO HELP EDUCATE SPRINGFIELD HIGH SCHOOL STUDENTS

Cambridge welcomes students participating in Junior Achievement’s Groundhog Job Shadow Day.

Cambridge Credit Counseling Corp. will serve as host to students from the Springfield, MA, public school system on February 3rd as part of the Groundhog Job Shadow Initiative. Job Shadow Day is the result of a collaborative effort by Junior Achievement and local businesses that is designed to introduce young people to a wide variety of professions, helping students prepare to join the workforce of the 21st century. Students “shadow” mentors through a normal workday – experiencing firsthand how skills learned in the classroom relate to the modern workplace.

Because Cambridge Credit Counseling’s core mission is to provide financial literacy, the agency’s Education Department will conduct its Keeping Money on Your Mind: Entering the American Economy seminar for all students in attendance, educating them on the importance of personal money management. In addition to discussing the nuances of personal finance, the seminar also address the mechanics of the job search, including successful interviewing strategies. The PowerPoint presentation used, complete with speaker notes, is available on Cambridge’s website for download by families, community groups and educational institutions. Please click here to download http://www.cambridge-credit.org/keepingmoneyonyourmind.ppt

“Cambridge is honored to be hosting yet another Job Shadow Day, and we’re happy to help educate students about the workforce,” remarked Christopher Viale, president of Cambridge Credit Counseling Corp. “Junior Achievement does wonderful work, and they deserve the support of everyone in our local business community. We welcome the opportunity to share our experience and expertise on their behalf.”

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 to 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 in the community, please visit http://www.cambridgecredit.org..