About ConsumerCents

Fact: Did you know an average college student owes more than $2,100 in credit card and as many as 10% of college students drop out of school because of consumer debt related issues?

Fact: Did you know if you charge $5,000 on a credit card and make only the minimum monthly payment of 2% of the balance it will take approximately 46 years to pay off the debt?

Fact: Did you know more Americans filed for bankruptcy than graduated from college in 2005? Did you also know filing for bankruptcy can stay on your credit record for 10 years?

Fact: Did you know poor credit history can result in higher loan interest payments and could even prevent you from getting a job because many employers conduct credit checks?

Reports show most people learned their money managing habits from their parents but only a fraction feel they are prepared enough to teach their children about basic personal financial management. Individuals aren't getting access to the resources they need to learn the basic skills that are necessary to make informed decisions with their money, increasing the likelihood that they will make mistakes and end up in a bind later.

ConsumerCents® is a comprehensive financial literacy education program developed by AAA Fair Credit Foundation offering free educational resource guides and publications to the public. ConsumerCents® is designed to help individuals further understand their personal finances and how to manage them in their everyday lives.

AAA Fair Credit Foundation is a 501(c)(3) nonprofit ISO 9001:2000 certified credit counseling agency offering confidential and professional financial counseling, debt management relief services, and financial education programs. Our goal is to increase your financial knowledge and long-term financial stability.

If you or someone you know is struggling to pay their bills or is experiencing extreme financial difficulties, please call our National Financial Counseling Education Center at 1-800-351-4195.