Capitalizing Credit Deserts Movement Building: Helping to Move People from Credit Insecure to Credit Resilient

This success story was made possible with generous funding from the Wells Fargo Foundation

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BACKGROUND

Thanks to support from the Wells Fargo Foundation, SER Jobs for Progress of the Texas Gulf Coast received a grant from CBA to create a credit building coalition to take a municipal approach to raising credit scores at a population level.

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PARTICIPANT EXPERIENCE

SER Jobs for Progress of the Texas Gulf Coast and CBA Fund: Helping to Move People from Credit Insecure to Credit Resilient

Working with my Financial Counselor, Kendrick, I was introduced to the Save2Build program where I can save twenty-five dollars each month into a locked savings account and at the same time build my credit score because the program reports my progress to the credit bureaus. Kendrick has taught me how to budget better and has piqued my interest in financial education.

It feels good to know that I can come to a professional without having to pay a small fortune on top of needing financial help. I know I can come to someone who will make sure I am making informed decisions when it comes to money management. I am more aware of what I am spending and if I need to spend. I would tell my friends and family to come to the Financial Empowerment Center because they will at a minimum reap the benefits of being better educated on their finances.

I intend to continue working with my financial counselor to further improve my credit score so I can get the best rates and more purchasing power. My financial counselor has made me more aware of looking at things such as the interest rate on offers I receive, which was something that I did not pay attention to at first – Rose Perry, Participant.

PRACTITIONER EXPERIENCE

My clients have learned more about their buying power and how their good credit score is essential to this. Specifically, clients who are looking to purchase a new vehicle can help them have a cheaper interest rate. Also, clients who are looking to get an apartment and how their credit score can determine their deposit and ability to get the apartment. I am very grateful for the support of Credit Builders Alliance and Wells Fargo - Kendrick Gilson, Financial Counselor at SER Jobs for Progress of the Texas Gulf Coast.

INTERESTED IN LEARNING MORE?

For more information about CBA Fund and how it empowers life-changing organizations like SER Jobs for Progress of the Texas Gulf Coast, visit: https://creditbuildersalliance.org/cba-services/cba-fund/ 

 For more information about the critical mission of SER Jobs for Progress of the Texas Gulf Coast, visit: https://serjobs.org/ 

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