Consumers ARE Confident – Just Not in the Government!

CESI’s recent consumer survey was featured on a recent post by CNBC’s Cindy Perman. The CNBC post states

a recent survey shows that consumers — specifically consumers struggling with personal debt — are actually pretty confident in their ability to pay off their own debt. In the government’s ability? Not so much.

A whopping 83 percent of consumers currently struggling with credit-card debt said they believe they are more capable of paying off their debts than the federal government, according to a survey by CESI Debt Solutions, a debt-counseling organization.

The full survey results used in the post can be found here.

CESI’s own Neil Ellington recently spent time talking to Gerri Detweiler of  Talk Credit Radio about how Credit Counseling and Debt Consolidation work.

Gerri reports “Over the years, I’ve received numerous emails asking me, “Does debt consolidation work?” Or, “What’s the best way to consolidate my debt?”

Neil Ellington of CESI Debt Solutions joined me September 23rd, 2011 to explain how credit counseling works. He explained what debt consolidation really is, and how a debt management program (DMP) through a credit counseling agency works.

He also shared some surprising advice; failure in a DMP can be a good thing, for example.

You’ll also understand the real effect of credit counseling and debt consolidation on your credit. (It’s probably not what you think!)

After listening to my interview with Neil, you’ll be able to make an intelligent decision about whether debt consolidation through a credit counseling agency may be right for you.

You can listen to the full interview using the player below or download the MP3.

Raleigh, NC – May, 2011 – CESI Debt Solutions, a Raleigh, NC-based national nonprofit credit counseling agency and a HUD-Approved housing counseling agency, teamed up with the national Neighborhood Assistance Corporation of America to bring borrowers and bankers face to face and find new ways to avoid foreclosures.

NACA sponsored the four day workshop, titled “Save the Dream” at the Raleigh Convention Center from May 12^th through May 15^th.  NACA is holding similar events across the country to assist borrowers/consumers who are facing mortgage delinquency and foreclosure. [Read more...]

Raleigh, NC – May, 2011 – CESI Debt Solutions, a Raleigh, NC-based national nonprofit credit counseling agency that is currently helping more than 70,000 Americans become debt-free through debt management programs, continues to follow through on its commitment to help clients avoid unnecessary financial hardships by reaching out to victims of recent tornadoes.

CESI sent emails to current clients in southeast states hit by violent storms in April, asking whether they were impacted and what their needs are.  After reviewing replies, CESI management staff personally reached out via phone or email to every client who requested help. CESI was able to provide assistance to several families who were impacted financially, covering everything from insurance deductable to the replacement of groceries lost when the power was cut.

“Our clients work so diligently to stay on the path to financial freedom as well as save money for emergencies that we don’t want the damage caused by the recent storms to discourage them,” says Dr. Diane Chen, founder and CEO of CESI Debt Solutions. “We promise to be there when our clients need us and it is our pleasure to help them and we hope our contribution will assist them to rebuild.”

CESI Debt Solutions is assessing how best to respond to more recent storms.