SOURCE: Consolidated Credit

Consolidated Credit

February 28, 2012 07:44 ET

Consolidated Credit Solutions Helps Latinos' Financial Health and Homeownership in the United States

FORT LAUDERDALE, FL--(Marketwire - Feb 28, 2012) - Consolidated Credit Solutions, certified by the United States Department of Housing and Urban Development as a housing counseling agency, assists Hispanic families in tackling foreclosure prevention, pre-purchase mortgage counseling, reverse mortgage counseling as well as other homeownership issues. According to 2010 Census figures, Hispanic homeownership increased from 45.7 to 47.3 percent over the past decade. Recent blows to the housing market have slowed down this growth trend.

Prolonged job losses and reduced government involvement only add to the difficulties associated with becoming a homeowner and holding onto an existing home. Consolidated Credit works with members of the Hispanic and Latino community to overcome the many obstacles of minority homeownership. Many prospective home buyers or current homeowners aren't aware of financial options that can help them become a homeowner or retain their home in the face of economic difficulties.

According to the Hispanic Home Ownership Report, minority homeownership varies by state, but it seems to be on a steady climb. Nearly 44 percent of all renters in the United States are minorities, according to Census figures, with only 22 percent homeowners. Many Hispanics mistakenly believe that they do not qualify for financing or cannot obtain or afford a mortgage. Recent changes in housing regulations provide new opportunities for homeownership. Consolidated Credit educates homeowners on loans that are available to them. Many homeowners have gotten into trouble through no fault of their own due to hidden fees and hard to understand terms.

Consolidated Credit also offers assistance to homeowners who are in danger of losing their home. Reasons homeowners are not able to keep up with payments are often related to poorly arranged loan agreements. Consolidated Credit works with perspective and current Latino and Hispanic homeowners to find resources that make home ownership an affordable reality.

For additional information, contact Consolidated Credit at (877) 201-7780. More information can be found in Spanish by visiting http://espanol.consolidatedcredit.org or calling (800) 560-6213.

Consolidated Credit Counseling Services, Inc.

Consolidated Credit Counseling Services, Inc., founded in 1993, is one of the nation's largest credit counseling organizations in the country and has helped over 5 million people with financial issues. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.

Contact Information

  • Contact
    April Lewis-Parks

    Consolidated Credit Counseling Services, Inc.
    (954) 377-9344
    Email: Email Contact