>> Press Coverage for 2002

“In Too Deep? What to Do About Debts”
December 29, 2002
In an article advising consumers on how to minimize their debt levels, the credit counseling industry was featured for its preparation in dealing with a new onslaught of clients. Chris Viale, General Manager of Cambridge Credit, was quoted as saying that this year was the worst yet for holiday debt blues.

“Pressured To Spend Beyond Our Means: Ten Tips To Avoid
The Urge To Buy Gifts You Can't Afford”
December 13, 2002
Cambridge Credit outlined tips for consumers on how to avoid overspending during the holidays. Chris Viale, General Manager of Cambridge Credit, discussed the importance of creating a budget and consumers keeping within their financial means to avoid debt.

“Tips On Avoiding the Holiday Credit Card Debt Trap”
December 10, 2002
A guest of CNNfn’s Money Morning, Chris Viale, General Manager of Cambridge Credit, offered advice on how consumers can avoid overspending during the holidays.

“How To Avoid Credit Card Debt This Holiday Season”
December 9, 2002
Jordan Goodman, a Cambridge Credit spokesman, offered tips to consumers on how to avoid credit card debt during the holiday shopping season.

“The Watercooler Column”
December 3, 2002
Cambridge Credit’s tips to avoid excessive debt during the holiday season were cited as ways for consumers to curb impulsive or extravagant purchases.

“Avoid the Holiday Shopping Hangover”
December 1, 2002
In an article listing ways for consumers to avoid debt during the holidays, Cambridge Credit offered holiday shopping tips to consumers.

“Budget Helps Keep our Gift Lists in Check”
December 1, 2002
In an article focusing on ways to avoid holiday debt, the Cambridge Credit “Holiday Shopping Tips” and “Holiday Hotline” were cited to assist consumers. Chris Viale, General Manager of Cambridge Credit, emphasized the importance of a holiday spending budget.

“Plan Budget for Holidays; Check it Twice”
November 30, 2002
Chris Viale, General Manager of Cambridge Credit, discussed the importance of making a budget for holiday spending.

“All Things Considered. Commentary: Holiday Shopping with Budgetary Constraints”
November 29, 2002
Personal finance host, Charles Jaffe, mentioned Cambridge Credit as a credit counseling agency offering consumers advice to avoid overextending themselves and falling into debt.

“Lure of Low Interest Drags Unwary Consumers Into Deeper Debt”
November 27, 2002
Chris Viale, General Manager of Cambridge Credit, discussed the link between debt and low interest rate deals. Viale offered various reasons why consumers overextend themselves and ways to avoid debt.

“Online Shopping: Internet Saves Time, Makes it Easy to Compare”
November 10, 2002
In an article observing the trend to shop online during the holidays, Chris Viale, General Manager of Cambridge Credit, offered advice to consumers on how to avoid overspending while making holiday purchases on the Internet.

“Cut in Interest Rates Not a Signal to Increase Debt”
November 10, 2002
Following the Federal Reserve’s decision to lower interest rates, this article warned consumers to resist the temptation to buy into rate deals. Chris Viale, General Manager of Cambridge Credit, explained how lower rates could harm consumers already in debt.

“The Watercooler Column”
November 5, 2002
Cambridge Credit’s “Holiday Travel Tips were included as ways to minimize consumer holiday spending. Chris Viale, General Manager of Cambridge Credit, advised consumers on how to minimize spending and suggested that they also include travel expenses in their holiday budgets.

“Shaky Crutches for the Elderly: Use of Credit Cards Growing Among Seniors”
October 30, 2002
On the topic of the rising number of senior citizens in debt, Cambridge Credit was cited for its increased number of clients over the age of 55 in 2001. Chris Viale, General Manager of Cambridge Credit, discussed various reasons why elderly consumers seek financial help too late.

“Debt Problems Hit Even the Wealthy”
October 9, 2002
In this article highlighting how the largest borrowing surges are coming from the wealthy, Cambridge Credit was used as a source to prove that debt is affecting more and more Americans each year. Cambridge Credit’s call volume has doubled between 2000 and 2001.

“Credit Counseling Firms Pinched: Success Leads to Kickbacks from Creditors”
October 7, 2002
Cambridge Credit’s “Good Payer Program” was highlighted in an article discussing the state of the credit counseling industry. Cambridge Credit gives back half of its fair-share allotments to its consumer.

“How to Avoid Credit-Fix Scams, Correct Report”
September 26, 2002
Included in an article on ways to avoid credit counseling scams, Cambridge Credit was highlighted as a legitimate credit help service that can assist consumers in dealing with creditors, lowering finance charges and establishing consolidated repayment plans.