GreenPath Financial Wellness News Releases

Empowering Detroit: GreenPath Financial Wellness Sees Record Client Growth

Wed, 10 Jul 2024 09:47:00 -0400

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 Detroit...

Federal Reserve Maintains Interest Rates, While GreenPath Financial Wellness Finds Credit Card Rates Average 28%

Thu, 13 Jun 2024 08:00:00 -0400

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...

GreenPath Financial Wellness Announces Recent Findings: Early Intervention Key to Overcoming Rising Debt Delinquency

Mon, 06 May 2024 08:00:00 -0400

Increases in credit card delinquency, found by GreenPath Financial Wellness, will likely lead to increased stress and expense for consumers-but options are available. 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...