Empowering Detroit: GreenPath Financial Wellness Sees Record Client Growth
Detroit, Michigan--(Newsfile Corp. - July 10, 2024) - GreenPath Financial Wellness, a cornerstone of Michigan's financial counseling landscape since 1961, reaffirms its unwavering dedication to the financial health of Detroit residents. The nonprofit's comprehensive services empower Detroiters to pay off debt, purchase homes, avoid foreclosure, and prevent utility shutoffs. Notably, GreenPath Financial Wellness has experienced a remarkable 69% surge in the number of services provided to...
2024-07-10 9:47 AM EDT
Federal Reserve Maintains Interest Rates, While GreenPath Financial Wellness Finds Credit Card Rates Average 28%
Farmington Hills, Michigan--(Newsfile Corp. - June 13, 2024) - The Federal Reserve recently announced the decision to maintain its current interest rates. This move all but ensures credit card interest rates will remain at record highs. Credit card interest rates are typically influenced by the Federal Reserve's rate, yet there are additional factors at play. Lenders set these rates by considering not only the Federal Reserve's benchmark but also the type of credit involved, the borrower's...
2024-06-13 8:00 AM EDT
GreenPath Financial Wellness Announces Recent Findings: Early Intervention Key to Overcoming Rising Debt Delinquency
Farmington Hills, Michigan--(Newsfile Corp. - May 6, 2024) - Recent findings from GreenPath Financial Wellness reveal an increase in credit card delinquency rates-signaling a growing financial strain on consumers nationwide. In the first quarter of 2024, an alarming 23.5% of credit card accounts counseled by GreenPath were more than 30-days past due-an increase of 17% from the second quarter of 2023.GreenPath's data is in line with recent surveys from the Federal Reserve and the National...
2024-05-06 8:00 AM EDT