Consumer Credit Counseling Launched in Mexico withOpening of Mexico City Office by CCCS of...

FORT WORTH, Texas--(BUSINESS WIRE)--July 8, 1997--Consumers in Mexico City now have access to consumer credit counseling and education for the first time, with the opening of Consumer Credit Counseling Service de Mexico.

The new office is an affiliate of CCCS of Greater Fort Worth.

Artemio Robles, president and CEO of CCCS de Mexico, said, "Introducing consumer credit counseling in Mexico includes consumer education about credit and specific individual plans to restructure debt repayment. This is an important step in the economic maturity for Mexico and its people. Mexico's rapidly growing middle class, like its counterparts in the United States, is finding that consumer credit can be a two-edged sword."

The CCCS office will work closely with Mexico's major creditor's to educate consumers about all aspects of consumer credit, including plans for repayment of credit cards and other consumer debt. Robles said CCCS of Greater Fort Worth has been working on this project the past two years to work out details of the CCCS entry in Mexico.

Like its program in the United States, CCCS in Mexico will offer debt management programs, including negotiation with creditors for lower monthly payments and lower interest or finance charges. CCCS also sets up single monthly payment plans, budgets and savings plans for consumers.

The Mexico City office includes a staff of seven people, headed by Robles, who helped conceive the idea of expanding CCCS into Mexico in 1995 and helped with negotiations throughout the process.

CCCS of Greater Fort Worth, which established the Mexico City office, has branch offices throughout Central and West Texas.

In the United States, CCCS is a non-profit community service organization that provides professional counseling and guidance to financially troubled consumers. Contributions from creditors support CCCS. -0-

Note to Editors: U.S. Representative Kay Granger of Fort Worth and Consul General of Mexico Ramon Xilotl will be the featured speakers at a luncheon reception marking the new Mexico City office of CCCS de Mexico:

11:30 am Monday, July 14

Grand Crystal Ballroom C

Radisson Plaza Hotel

815 Main St.

Fort Worth Texas

Granger and Xilotl will be available for interviews at the event.

CONTACT: Sol Media, Inc.

214/351-6380.