By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counselingwhich reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring servicescan be an effective strategy for addressing consumer debt issues.
For the study, researchers analyzed the credit of counseled individuals versus a matched comparison group of noncounseled individuals….
Read the full article at: https://phys.org/news/2019-07-credit-consumer-debt.html