Consumer Credit Counseling Turns 25 with Record Year

By Morrow, Darrell | THE JOURNAL RECORD, November 13, 1992 | Go to article overview

Consumer Credit Counseling Turns 25 with Record Year


Morrow, Darrell, THE JOURNAL RECORD


By Darrell Morrow

Feature Editor

Consumer Credit Counseling Service of Central Oklahoma Inc. is concluding its 25th year of operations with a record of helping 46,607 people resolve $43.73 million in debts without filing bankruptcy.

"Our key slogan is that we are the best alternative to bankruptcy," said Frank O. Kelley, vice president of education and marketing for the organization.

Consumer Credit Counseling Service is a non-profit organization supported by United Fund of Central Oklahoma and many businesses and financial institutions. Its main office is at 3230 N. Rockwell Ave.

The service set a record for a month by distributing $1 million from its clients to their creditors in July and expects 1992 credit debt resolution by its clients to reach another record, Kelley said.

"This year, we will return more dollars to creditors than in the first 18 years total of the operation _ nearly $11 million. We estimate that in 1992, we will counsel 9,000 people," Kelley said.

The 25th anniversary banquet is planned tonight at the National Cowboy Hall of Fame and Western Heritage Center for about 150 business and financial leaders of central Oklahoma.

The service was organized Aug. 10, 1967, and became operational Oct. 15, 1967, with the employment of R.P. Chancellor as its first operating officer.

Consumer Credit Counseling Service has 44 employees and 14 branches and satellite offices. Seven are full-time branches and seven are part-time satellites, Kelley said.

Key officers of the corporation are Gloria E. Kelley, president and chief executive officer, Frank O. Kelley, her husband, and Theron V. Gaddis, vice president of operations. Gloria Kelley became president and chief executive officer in April 1986 after working as senior counselor and education director for nine years.

Board chairman is William Counts, president of Communication Federal Credit Union. Chairman-elect is David Kline of Kline Kline Attorneys.

"We assist people who are overextended or need some guidance in financial management. Primarily, we are noted for the overextension aspect of our service. We also do educational seminars and workshops for employee assistance groups. We go into high schools, colleges and civic organizations," Frank Kelley said.

"That is the part of our service you might consider preventative. We do that on wise money management and credit use and abuse to help people keep from getting into trouble. The trend is more and more toward providing this education and hopefully in the not too distant future it will be a required subject on the high school level."

According to a survey by the National Foundation for Consumer Credit, 64 percent of Americans are in more debt than they can conveniently handle, and three percent are in serious difficulty, possibly facing bankruptcy, he said.

"There were 14,500 bankruptcies filed in 1991 in Oklahoma," Kelley said. "Personal bankruptcies for the state were up 14.4 percent.

"We have helped a lot of people avoid bankruptcy and we would like to think the numbers would be a lot higher if we were not actively working in the communities that we are and helping the number of people we help."

The service works with clients and in many cases develops debt management programs for them. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Consumer Credit Counseling Turns 25 with Record Year
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.