If you or anyone you know has had issues with their current mortgage payments, and perhaps are on the verge of foreclosing, than the National Foundation for Credit Counseling wants to help. The NFCC, National Foundation for Credit Counseling, has decided to give away a free Educational DVD called “Avoiding Foreclosure,” to anyone that feels they are over their head with their mortgage payments.

The Mortgage mess here in the US is not getting better as quickly as many economists had hoped. More and more Americans are struggling to pay their monthly commitment, and are turning to the idea of foreclosure as a way out. What they don’t always realize is that the harm a foreclosure can do to your credit score can damage your financial standing for years to come. Americans are not educated enough to understand the implications of foreclosure as well as ways to avoid the financial turmoil of an ailing housing market.

Here is a brief overview taken from the National Foundation for Credit Counseling website on what the DVD is about:

The DVD does several things. First, it introduces consumers to some of the terms and scenarios they are likely to encounter as they work to save their own home. Second, it familiarizes consumers with the process of avoiding foreclosure. Third, it shows examples of a variety of life situations and challenges facing individuals and families who are facing foreclosure and what they did (with the help of an NFCC-certified housing counselor) to address it.

The DVD is also available in Spanish, and can be ordered free of charge at NFCC.org