Credit counseling may help reduce consumer debt

(Wiley) 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 counseling -- which reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring services -- can be an effective strategy for addressing consumer debt issues.

from EurekAlert! - Social and Behavioral Science https://ift.tt/2XH0IIh