What does FLCC mean in LITERACY

Financial literacy and credit counseling (FLCC) is a type of specialized program that provides advice to individuals or families who have difficulty managing their finances or maintaining good credit. The goal of FLCC is to help participants improve their financial literacy and gain an understanding of the importance of economic responsibility.

A variety of organizations offer financial literacy and credit counseling services, including government agencies, banks, non-profit organizations, community organizations, colleges, universities, churches, military bases, employers, and other businesses.

Financial literacy and credit counseling sessions typically include topics such as budgeting for expenses; managing debt and loans; building emergency savings; improving or repairing credit; recognizing signs of identity theft; understanding investments; making smart decisions about spending habits; reducing stress related to money management; handling insurance policies; preparing taxes correctly; planning for retirement; starting businesses.

In many cases the answer is no — most organizations offer free or low cost services. However it's important to check with the organization offering the service in order to confirm whether there are any fees associated with attending the session.

It varies depending on the organization offering the service — some may offer a one-time session while others provide ongoing classes over several months. On average a single session can last from 1-2 hours.