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Credit counseling surges as debt weighs on families
Thousands seek help at nonprofit credit counseling centers under the National Foundation for Consumer Credit. In 1978 centers held 114000 sessions. rising applications reflect inflation, high bills, and job losses. Programs cut credit lines, require lump-sum payments, and work with creditors to settle debts, with many households averaging 17049 annual income and 10627 debt in Peoria in early 1979.
MENTIONED IN THIS ARTICLE
Harry Strain
Portland
Ore
National Foundation For Consumer Credit
Robert Gibson
Foundation
Gibson
Ocal