Author: AFCC

Harvard Economist Recognizes the Substantive Benefits of Debt Settlement

Harvard Professor Will Dobbie, Ph.D., recently completed a review of the 2017 iteration of “Options for Consumers in Crisis: An Updated Economic Analysis of the Debt Settlement Industry” (Greg Regan, 2017).  Dr. Dobbie’s review included a lengthy analysis of the financial outcomes of individuals enrolled in debt settlement programs to...

Who Gets Money? The 411 on Unemployment Relief Offered by The CARES Act

As the government forces all non-essential employees to go home, relying on unemployment benefits becomes a central tool to reduce the economic pain of the coronavirus. The challenge is that traditionally, unemployment insurance replaces less than half of an employee’s pay, and many workers such as restaurant servers and the...

Life and Health Insurance Options – What Happens in the Event of a Job Loss due to COVID-19

A job loss ranks among the top five most stressful events in life, and the efforts to prevent the spread of COVID-19 is delivering job losses by the millions. While the loss of employment brings immediate concern over lost wages and stress about how to pay upcoming bills, US workers...

Help Now, Hurt Later? Considering Immediate Relief vs. Long-Term Financial Impact of Accepting Assistance from Creditors

Millions wonder how they will meet the coming month’s financial obligations due to how this pandemic has changed day to day life. The magnitude and spread of Covid-19 led both state and federal governments to offer relief through legislative measures, court decisions, and executive orders to tackle the developing crisis....

Who to Pay First: How to Decide Payment Priorities When Income Falls

The Washington Post headline reads, “A Record 3.3 million Americans filed for unemployment benefits as the coronavirus slams economy.” The statistic represents a single week of unemployment filings, and the Labor Department predicts job losses could exceed 40 million by April. With such headlines gripping the nation, and mandatory business...

How To Develop a Crisis Budget to Help Your Family During Economic Impact of COVID-19

Immediately implementing proactive measures can reduce the damage and diminish the financial crisis that lies ahead because of the Coronavirus pandemic. Here are ten actionable steps that can minimize the impact of lost or reduced wages due to the quarantine, illness, or other implications of the COVID-19 to work on...

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About AFCC

The American Fair Credit Council (AFCC) is the advocate of consumer rights for Americans in financial hardship with unmanageable unsecured debt burdens. The AFCC supports consumers by setting high standards and defining, promoting, and enforcing best practices for the debt settlement industry. We strongly advocate for strong legislative and regulatory environments that protect consumers and their ability to access quality, effective debt settlement options.

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