MANALAPAN, N.J., Sept. 27, 2024 (GLOBE NEWSWIRE) — In response to the Federal Reserve’s announcement recently of a 0.5% interest rate decrease, Navicore Solutions, a leader in credit counseling and debt management services, is ready to provide critical support to consumers navigating their financial obligations. As households across the country reassess their debt in light of this rate cut, Navicore’s certified credit counselors are prepared to offer personalized solutions aimed at fostering financial health and stability.
The Federal Reserve’s move is part of a broader effort to stimulate economic growth, which is expected to lower borrowing costs for millions of Americans. For individuals struggling with high credit card balances, personal loans, or other forms of debt, this reduction in interest rates represents an important opportunity to reevaluate their repayment strategies. However, with these changes comes the need for informed decision-making, and that’s where Navicore is ready to step in.
“Lower interest rates can be a game-changer for those with substantial debt, but it’s essential to have a clear plan in place,” said Diane Gray, COO of Navicore. “Our team of certified counselors is ready to help consumers take advantage of this opportunity to better manage their financial futures. Whether it’s through a Debt Management Plan, or simply providing the tools needed to navigate the shifting economic landscape, we are here to support our clients every step of the way.”
With interest rates lower, consumers can reduce the overall cost of borrowing. Yet, for many, the complexity of financial products and overwhelming debt load can make it difficult to know the best steps forward. Navicore offers a comprehensive suite of services, including a Debt Management Plan, credit counseling, housing counseling and budgeting assistance as well as a wide array of financial education resources.
The company emphasizes that while lower interest rates may present opportunities for easier borrowing, consumers should remain vigilant about overspending and increasing their debt loads unnecessarily. “This rate cut can be a lifeline, but it’s important to make decisions that promote long-term financial well-being,” added Gray.
As Americans reassess their financial situations, Navicore remains committed to helping individuals make informed decisions that lead to financial empowerment.
About Navicore Solutions
Founded in 1991, Navicore Solutions is a national leader in the field of nonprofit financial counseling with a mission to strengthen the well-being of individuals and families through education, guidance, advocacy, and support.
Navicore counselors provide a wide range of services including credit counseling to consumers in need; education programs through workshops, courses and written material; debt management plan to provide relief for applicable consumers; student loan counseling for those struggling with student loan debt; and housing counseling services in the areas of rental, pre-purchase, default and reverse mortgage. The agency is an advocate of financial education helping communities achieve and maintain financial stability.
Contact:
Lori Stratford
Digital Marketing Manager
Navicore Solutions
lstratford@navicoresolutions.org
navicoresolutions.org
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