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Hispanic Heritage Month is Also Hispanic Finance Month

Consolidated Credit launches new Spanish finance site

October 5, 2015

Ft. Lauderdale, FL - by Hispanicize Wire - Exactly one year ago, a survey came out with a surprising statistic: More than half of Hispanics “get their financial information from family and friends.” That number shocked Consolidated Credit’s community outreach coordinator Jorge Ruiz, and he vowed to do something about it.

“Friends and family are excellent resources for so much, but not as sole advisors on all things money. When it comes to major financial decisions, it’s always good to get the advice of an expert,” says Ruiz.

That’s the role of Consolidated Credit’s new website

The site, which is entirely in Spanish launches during Hispanic Heritage Month and features, maps, tools, graphics, budgeting and saving tips as well as other great sources to help Hispanic families become more financially equipped.

“As the name “Celebrando la Hispanidad” suggests, we wish to celebrate our Hispanic population as well as to help the thousands of Hispanics who lack an understanding of financial tools because of cultural differences,” comments Ruiz. “Financial terms can prove challenging for English speakers, imagine how difficult it can be for people whose first language is not English. We hope that our new site will be the place that Hispanics visit to get informed before making important financial decisions.”

The Prudential survey PDF document, which inspired the site’s launch, reveals other challenges the Hispanic community face in obtaining financial goods and services:

-- 14% of the Hispanics surveyed face difficulty understanding different financial products and services.

-- 13% said their greatest challenge was not knowing where or who to go to for information.

Over the years, Consolidated Credit has provided a number of financial literacy programs and workshops and has also partnered with non-profits such as Hialeah Housing Authority, Hispanic Unity, Miami Beach Community Development Corporation, United Way, Career Source and Broward Housing Authority. The company offers various easy to use financial tools and explains the concept of financial literacy. Its goal is to assist Hispanic families in building a solid financial future. During National Hispanic Heritage Month, Consolidated Credit wishes to congratulate our Hispanic population for their achievements and valuable contributions to the nation.


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