October 1, 2020

American Fair Credit Council Announces New Board Addition

FORT LAUDERDALE, Fla.-- September 30, 2020 (BUSINESS WIRE)--The American Fair Credit Council (AFCC) announced today that it has appointed Andrea Mitchell, the Managing Partner and a founding member of Mitchell Sandler LLC, to its Board of Directors.
September 29, 2020

2020 Fall-Virtual Forum

Due to COVID-19, the AFCC Fall conference could not be held live in Las Vegas as expected. For the health and safety of our members and attendees, a three-day virtual event was offered via Zoom September 29th-October 1st. The sessions provided attendees with relevant information including an update on regulatory and debt settlement industry trends from AFCC President Robby Birnbaum. Attendees also received a detailed presentation from Robert Linderman and Steve Boms on the current state and federal legislative initiatives being supported by the AFCC.
June 16, 2020

American Fair Credit Council Announces New Board Member

FORT LAUDERDALE, Fla.—June 16, 2020--The American Fair Credit Council (AFCC) announced today that it has appointed Dr. Diane Chen, Founder of Consumer Education Services, Inc. (CESI), to its Board of Directors.
April 30, 2020

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 determine their effectiveness in helping those with overwhelming levels of unsecured debt; confirming the benefits of debt settlement that have been realized by millions of consumers.
April 11, 2020

American Fair Credit Council Launches COVID-19 Financial Resource Center

Fort Lauderdale, FL – April 10, 2020 – The American Fair Credit Council (AFCC) has launched a COVID-19 resource center to assist consumers impacted by the recent nationwide response to the Coronavirus pandemic.  Consumers may now search for helpful resources and links to state and federal programs related to unemployment insurance, replacing health insurance coverage lost to termination and locate state and federal financial assistance for workers and small businesses impacted by the social distancing mitigation response.
March 30, 2020

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

Each measure seeks to address the immediate need for payment relief. But what happens when the assistance ends. Will consumers face a worse financial position when the bills once again come due? Consider both the short-term relief and the long-term responsibilities of accepting aid right now and what this means in the future.
March 30, 2020

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 also face the likelihood that a layoff could also mean a loss of life and health insurance. Here’s options to review now:
March 30, 2020

Housing Assistance for Homeowners, Renters, Landlords Impacted by COVID-19

Millions of unemployed workers wonder how they will pay their rent or mortgage payments. Small business owners worry about making their lease or mortgage payments for their businesses. Landlords fear that if renters no longer pay rent, how will they prevent these properties from going into foreclosure. To date, here is the help available, on a federal and state level, to keep people in their homes during this pandemic.
March 30, 2020

How To Immediately Minimize Living Costs During the Coronavirus Pandemic

The US now has more confirmed coronavirus cases than any country in the world. With over 160 million people on lockdown and growing day to day, economists expect the unemployment rate to continue to rise over the next two months. In addition to a physical lockdown through stay-in-place orders, households impacted by the coronavirus must also lock down their finances. Here’s how:
March 30, 2020

Money for Small Businesses: How The CARES Act Paycheck Protection Program Helps Businesses in Shutdown

Congress included provisions in the Act to keep small businesses from bankruptcy. Within the CARES Act, a Paycheck Protection Program allocates $350 billion in loan assistance to small business owners impacted by the coronavirus. Below is a high level of view of the relief offered through the program: