debtconsolidationconnection.com
501 (c)(3) non-profit Organization
Free Consultation
NFL players getting form of consumer credit counseling
By Oscar Monfort on Aug 1st, 2010
Even NFL players are getting financial advice from the league, despite the fact that they earn far more than the average American.
According to a report from USA Today, many younger players who are just starting their careers may become wide-eyed by the millions of dollars they've gotten through a signing bonus. As a result, they might think they can start spending freely on luxury items.
Even those who have a little more financial sense may still fall to investment schemes or bad business opportunities that could see their millions funneled away.
"When I see guys introduced at the draft, I think of all the hands trying to get into his pockets," former Green Bay Packers player Ken Ruettgers told USA Today. "There are agents, advisors, fitness gurus, nutritionists, family, friends, neighbors. Anybody trying to sell something. It can be overwhelming."
The potential financial problems have led the league to host a financial education workshop for new players, which can warn them of what may come to pass if they aren't smart with their money.
While average consumers may not have that luxury, they could consider consumer credit counseling. These agencies can provide budgeting and financial advice while helping with debt problems.
More Consumer Credit Counseling News
