CCCS of San Francisco Offers Consumer Tips for
July 1, 2002 – For the average American household, using credit is a part of everyday life, whether in the form of a mortgage, a car loan or credit cards. The wise use of credit helps make the dream of homeownership a reality by helping consumers qualify for the most affordable mortgages available. However, unresolved credit problems remain a major barrier to many families who want a home of their own.
"Consumer Credit Counseling Service of San Francisco (CCCS-SF) is committed to helping consumers lower their debt, practice good money management skills, and improve their credit standing," says Rick Harper, CCCS-SF Vice President of Program Services and Housing Education. "We're moving future home buyers closer to the homeownership dream by teaching them how to manage money wisely and by educating them on the importance of credit in the home buying process. These are important tools people need to qualify for affordable mortgages and to successfully manage new financial responsibilities associated with a home," Harper added.
CCCS-SF, a member of the National Foundation for Credit Counseling (NFCC), has been helping consumers achieve their financial goals since 1969. An accredited, nonprofit, and HUD certified financial counseling and education agency, CCCS-SF offers housing education, money management assistance, a debt repayment program, and credit report review services.
"The Impact of Credit Counseling on Subsequent Borrower Credit Usage and Payment Behavior," a study conducted by Georgetown University Credit Research Center and Lundquist Consulting, shows how borrowers who received budget and financial management counseling at NFCC agencies reduced their debt and improved their credit profile over three subsequent years, compared to similar borrowers who did not receive counseling. This research strongly suggests that credit counseling greatly improves consumers' chances of qualifying for affordable mortgage financing in the future.
CCCS-SF offers future homeowners the following tips:
For more information about CCCS-SF, contact Jeannine Moore at (415) 788-0288 ext. 124.
|Copyright © 2005 CCCS of San Francisco|