Consumer Credit Counseling Services History

Prior to 1951, people who were in debt and looking to consolidate bills had few options since there were no credit counseling agencies in existence yet. Credit grantors were actually the first people to suggest such an organization when they formed the National Federation for Credit Counseling (NFCC) that year. The original intent of the NFCC was to monitor legislative and regulatory activity for the benefit of its retail members. As far as consumers were concerned, the only thing the NFCC

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