Services to include reverse mortgage, debt, and bankruptcy counseling
Arlington, VA – (RealEstateRama) — With more than 61 percent of households headed by an adult aged 60+ carrying some form of debt, economic security is a real and pressing issue for millions of older Americans, even those with retirement savings.
Two trusted nonprofit organizations—the National Council on Aging (NCOA) and GreenPath Financial Wellness—are joining forces to help. Through a new partnership, NCOA and GreenPath are providing older adults with unbiased reverse mortgage, debt and bankruptcy counseling, as well as money management and financial education.
“Our partnership with GreenPath is the evolution of NCOA’s holistic approach to helping seniors maintain their economic security and independence,” said Amy Ford, director of NCOA’s Home Equity Initiatives. “NCOA is an innovator in providing unbiased information for older Americans. GreenPath’s expertise will help us significantly increase the number of seniors we can assist.”
As part of the partnership, GreenPath is now the hub for calls from older adults seeking reverse mortgage counseling from NCOA. Beyond reverse mortgage counseling, GreenPath provides consumers a full range of services to help them pay down debt, avoid bankruptcy, and manage their limited incomes wisely. NCOA will train GreenPath counselors to enhance their understanding of the specific needs of older adults, as well as the array of community-based supports available to help seniors stay independent in their community.
GreenPath Financial Wellness is one of the largest and most respected nonprofit financial wellness and credit counseling organizations in the nation. Counselors take the time to understand an individual’s situation and develop a personalized plan that works for them. GreenPath is also a reverse mortgage counseling intermediary approved by the U.S. Department of Housing & Urban Development.
“GreenPath has been empowering people to lead financially healthy lives for more than 50 years,” said Kristen Holt, president and CEO at GreenPath. “Working collaboratively with NCOA, we can empower older adults to eliminate financial stress and achieve their financial goals.”
For more information about NCOA’s work in economic security, visit ncoa.org/economic-security.
To schedule a reverse mortgage counseling session, call toll-free 855-889-3778, Monday-Saturday.
The National Council on Aging (NCOA) is a respected national leader and trusted partner to help people aged 60+ meet the challenges of aging. Our mission is to improve the lives of millions of older adults, especially those who are struggling. Through innovative community programs and services, online help, and advocacy, NCOA is partnering with nonprofit organizations, government, and business to improve the health and economic security of 10 million older adults by 2020. Learn more at ncoa.org and @NCOAging.
About GreenPath Financial Wellness
GreenPath Financial Wellness is a nationwide, non-profit financial counseling and education organization. GreenPath has been empowering people to lead financially healthy lives since 1961. Their financial experts partner with consumers to ease financial stress, manage debt, save for the future, make informed financial decisions, and achieve their financial goals. Headquartered in Farmington Hills, Michigan, GreenPath operates about 60 branch offices in 16 states. They also deliver licensed services throughout the United States over the Internet and telephone. GreenPath is a member of the National Foundation for Credit Counseling (NFCC), and is accredited by the Council on Accreditation (COA). The organization has an A+ rating with the Better Business Bureau. For more information, visit www.greenpath.com.