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?

Community-based organizations combine efforts to help strengthen local families.

The financial challenges that face today’s consumers are unique in our country’s history. Credit card debt currently exceeds $900 billion dollars, energy prices are soaring, and personal savings rates are in the negative. Trying to successfully manage the average budget these days has become increasingly difficult, even for the most financially savvy consumer, and the consequences for those who aren’t can be devastating. To help consumers within its community who have special needs, Cambridge Credit Counseling Corp. has teamed with Clinical and Support Options, Inc. to provide financial counseling and education.

“I believe that the financial information and guidance Cambridge will provide to the adults and families we serve will have a positive effect on their everyday lives and help give them a measure of hope for a positive financial future,” stated Lee Weissman, Director of Fund Development for Clinical and Support Options, Inc. “Counseling and financial literacy can only make people stronger and more self sufficient, which is a perfect complement to CSO’s mission of enhancing lives and strengthening families.”

Cambridge will offer its wide array of credit and debt management services, including fundamental budgeting and planning advice, to help CSO’s clients regain control of their finances. In addition to financial literacy seminars, Cambridge will provide one-on-one counseling sessions for individuals who require personalized assistance in managing their debt and building savings.

"We are happy to be working with an agency of Clinical and Support Options’ stature,” remarked Christopher Viale, president of Cambridge Credit Counseling Corp. “CSO provides such a valuable service to the community, and the inclusion of Cambridge’s support to its members will truly help change lives in a positive manner.”