GreenPath acquires Consumer Credit Counseling Service of

GREENPATH NEWSLETTER
APRIL 2014
GreenPath acquires Consumer Credit Counseling Service
of Greater San Antonio
GreenPath President and CEO
Jane E. McNamara recently announced
that GreenPath is now providing in-person
credit counseling, financial education and
debt management services in the city of
San Antonio, Texas, through its recent
acquisition of Consumer Credit Counseling
Service (CCCS) of Greater San Antonio.
GreenPath confirmed the acquisition of CCCS of Greater
San Antonio on March 14. The San Antonio agency had
served local residents since 1984. GreenPath is committed
to strengthening local services in Greater San Antonio and
other areas of south Texas.
“GreenPath now has offices in five South Texas cities,
including San Antonio, Corpus Christi, McAllen,
Brownsville and Harlingen,” said McNamara. “We look
forward to helping local residents manage their money,
resolve their credit card debt, and work toward a brighter
financial future.”
counseling, bankruptcy counseling, and debt management
programs. GreenPath’s debt management services can stop
collection calls and assist consumers in reducing credit card
debt through lower interest rates and elimination of late fees
and over limit fees.
“We are excited about offering our
services to the residents of San Antonio,”
said Rus Halsey, GreenPath director of
operations. “We’ll get involved in the local
community. We look forward to partnering
with local organizations and finding new
ways to add value to residents.”
GreenPath now offers face-to-face services at more than
50 offices in 11 states.
Paul Denham, chairman of the board for the former
CCCS of Greater San Antonio, said that the acquisition
by GreenPath was a logical choice for his organization as
well as the community. “GreenPath’s San Antonio office
will continue to serve consumers through free face-to-face
appointments and financial education presentations,” he
said. “That was important to the board.”
GreenPath’s customized services include debt and credit
counseling, financial education, budgeting, housing
www.greenpathref.com | 1-877-337-3399
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GREENPATH NEWSLETTER
HAMP adjusted mortgage rates set to expire: Earliest enrollees
will see mortgage payments rise
By Nick DeMeester, GreenPath housing manager
CNN recently reported that the earliest enrollees in the
government’s Home Affordable Modification Program
(HAMP) will be seeing their mortgage rates increase shortly.
Some experts are concerned that the increase could result in
more re-defaults in the next few years.
The HAMP program was launched in 2009. It was intended
to help troubled borrowers by reducing the principal
balance they owed or the monthly interest they paid. Some
borrowers received interest rates as low as two percent.
The earliest borrowers in the program, where the
modifications remained fixed for five years, will begin seeing
their rates climb.
The CNN story quoted Treasury Department special inspector
general Christy Romero. She said, “We’re already seeing
alarming re-default rates and are really worried that this
could lead to more. It will be a real challenge for people to
pay the higher amounts.”
If you enrolled in the HAMP program and have questions,
feel free to reach out to us at 1-877-337-3399.
GreenPath’s housing advisors are experts
at assisting people with their housing
needs. Back in the 1960’s, we were one
of the first organizations approved by
the U.S. Department of Housing and
Urban Development to conduct housing counseling.
Today, we offer the following housing counseling services:
• Foreclosure prevention for homeowners who are
struggling with their mortgage payment
• Home buyer preparation assistance for people who
are planning to buy a house
• Reverse mortgage counseling for seniors, at least
62 years old, who are considering a reverse mortgage
If you have a housing concern, let us help you understand
your options and make an informed decision on how to
achieve your financial goals.
GreenPath offers free housing counseling, with no obligation
or sales pitch.
GreenPath taking part in Money Smart Week
As part of April’s “Financial Literacy Month,” GreenPath
will take part in Money Smart Week, from April 5-12.
Consumers will have the opportunity to participate in
activities and workshops that will focus on financial topics
including budgeting, credit and savings. This will be an
opportunity to attend a free webinar, download a free
financial education program, and consider new ways to save
money, improve credit and plan for a bright financial future.
Special GreenPath webinars will be provided all week, on a variety
of financial topics. These live, interactive webinars facilitated
by GreenPath’s training team are free. This year we’re also
offering several webinars in the evening for your convenience.
Free financial webinars include:
• Monday, April 7 at 7 p.m. ET - What’s On Your Credit Report • Monday, April 7 at 9 p.m. ET - Unlocking the Secret to
Your Credit Score
• Wed. April 9 at noon ET - Unlocking the Secret to Your
Credit Score
• Thursday, April 10 at 7 p.m. ET - Protecting Your Identity
• Friday, April 11 at 10 a.m. ET - Options for Dealing with Debt
• Friday, April 11 at 1 p.m. ET - Money Mistakes You Can’t
Afford to Make
Log on to www.greenpath.org/moneysmartweek for more
information and to sign-up for the webinars.
Clients give us feedback on our Facebook page from time to time. Here’s a recent message.
On March 3, Melissa M. wrote:
“Just finished paying everything off...took four years, but GreenPath ALWAYS worked with me, even in the
most difficult times! Couldn’t be happier! Thanks for your service!”
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