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Advisors may have helped some consumers pay off debt, which could lead some to consider consumer credit counseling services
By Marvin Milner on Feb 4th, 2010
A recent survey from First Command shows that saving money and trying to pay off debt are among the top priorities for consumers.
According to the December poll, 40 percent of respondents said they were going to try and reduce excessive spending during this year, while 35 percent said they would focus on attempting to pay off debt.
The survey also showed that consumers are improving their amount of savings, especially when compared to how much they owe. Of middle-class consumers polled, those who have a positive savings-to-debt ratio increased to 42 percent during December. Fifty-five percent of families surveyed that used financial-planning services has a positive ratio.
"These goal-oriented consumers are redoubling their efforts to secure a strong financial future and achieving a greater sense of hope and security in the process," First Command CEO Scott Spiker said.
Given the better performance of families that sought some help with their debt, some consumers may consider turning to a consumer credit counseling agency in order to find assistance with their personal finances. Along with setting up a budget, a consumer credit counseling service can recommend other solutions, such as debt consolidation.
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