Working Credit Nfp

TO INTERRUPT STRUCTURAL RACISM BY PARTNERING WITH INDIVIDUALS AND COMMUNITIES TO PROVIDE CREDIT BUILDING EDUCATION, ONE-ON-ONE COUNSELING, AND ACCESS TO FINANCIAL PRODUCTS NEEDED TO THRIVE FINANCIALLY.

MAKE CREDIT WORK FOR YOU IS A 12-MONTH COMPREHENSIVE FINANCIAL WELLNESS PROGRAM THAT HELPS INDIVIDUALS BUILD AND SUSTAIN STRONG CREDIT SCORES, SO THEY CAN REDUCE OR ELIMINATE EXPENSES DUE TO POOR OR NO CREDIT. THE PROGRAM OFFERS WORKSHOPS ON THE CREDIT SYSTEM, AS WELL AS ONE-ON-ONE COUNSELING AND COACHING SERVICESALL AIMED AT HELPING PEOPLE UNDERSTAND AND MASTER THE CREDIT SCORING SYSTEM. EMPLOYERS CAN BRING MAKE CREDIT WORK FOR YOU TO THE WORK PLACE, NONPROFITS CAN BRING IT TO THEIR CLIENTS, AND INDIVIDUALS WITHOUT ANY INSTITUTIONAL AFFILIATION CAN SIGN UP FOR IT THROUGH WORKING CREDITS WEBSITE.CREDIT-BUILDING WORKSHOPTHE PROGRAM STARTS WITH A CREDIT-BUILDING WORKSHOP FOR ALL ELIGIBLE WORKERS, DESIGNED TO ESTABLISH A FOUNDATION OF KNOWLEDGE ABOUT THE INS AND OUT OF THE CREDIT-SCORING SYSTEM AND HOW CREDIT IMPACTS A FAMILYS FINANCES. AT THE END OF THE WORKSHOP, WE ENCOURAGE INDIVIDUALS TO ATTEND A ONE-ON-ONE MEETING WITH A WORKING CREDIT COUNSELOR, THE NEXT STEP IN THE PROCESS. TO DATE, 63% OF ALL WORKSHOP PARTICIPANT HAVE ASKED FOR THIS SERVICE.ONGOING PERSONALIZED COACHINGAT THE FIRST ONE-ON-ONE MEETING, THE COUNSELOR HELPS THE EMPLOYEE PUT TOGETHER A PERSONALIZED BUDGET AND THEN REVIEWS THE EMPLOYEES CREDIT REPORT AND SCORE. BASED ON THAT INFORMATION, THE COUNSELOR FRAMES OUT AN INDIVIDUALIZED CREDIT ACTION PLANDESIGNED TO HELP THE EMPLOYEE INCREASE HIS OR HER CREDIT SCORE AND IMPROVE THEOVERALL CREDIT PROFILE. THE FIRST MEETING IS USUALLY AT THE WORK SITE, ANDSUBSEQUENTLY THE COUNSELOR AND EMPLOYEE GENERALLY COMMUNICATE BY PHONE, TEXT, OREMAIL. OUR COUNSELORS HAVE ALL BEEN TRAINED AS COACHES, AND WE OFFER COACHING SERVICES TOALL INDIVIDUALS AS PART OF MAKE CREDIT WORK FOR YOU. TO DATE, TWO-THIRDS OF ALLINDIVIDUALS HAVE ASKED FOR AND ARE RECEIVING THIS SERVICE. WITH COACHING, THE COUNSELOR SUPPORTS THE INDIVIDUAL BY HOLDING HIM OR HER ACCOUNTABLE FOR TAKING EACH STEP OUTLINED IN THE CREDIT ACTION PLAN, ADDING ENCOURAGEMENT AND STRUCTURE TO THE CREDIT BUILDING PROCESS.CW-3 CREDIT-BUILDING PRODUCTFOR MANY INDIVIDUALS, OUR COUNSELORS WILL RECOMMEND USE OF WORKING CREDIT'S CW-3 CREDIT BUILDING PRODUCT, OFFERED BY A THIRD-PARTY PARTNER COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, AS PART OF THE CREDIT ACTION PLAN. READ MORE HERE ABOUT HOW CW-3 DEPLOYS THREE MAINSTREAM FINANCIAL PRODUCTS TO BUILD A BETTER CREDIT PROFILE AND HELP INDIVIDUALS SAVE MONEY.CREDIT CHECK EVERY SIX MONTHS FOR 12 MONTHSWORKING CREDIT COUNSELORS PULL A NEW CREDIT REPORT AND SCORE FOR INDIVIDUALS EVERY SIX MONTHS FOR EIGHTEEN MONTHS. COUNSELORS THEN SHARE THIS INFORMATION WITH INDIVIDUALS, LIFTING UP SUCCESSES IN CREDIT BUILDING AND REINFORCING LESSONS ABOUT THE CREDITSYSTEM.TARGETED CONSUMER EDUCATIONAS SOON AS AN EMPLOYEE REACHES A THRESHOLD CREDIT SCORE (USUALLY 660), A WORKINGCREDIT COUNSELOR REACHES OUT TO THE PARTICIPANT WITH RELEVANT CONSUMER INFORMATION.FOR EXAMPLE, AN EMPLOYEE WHOS BEEN PAYING INFLATED CAR INSURANCE PREMIUMS BECAUSE OF POOR CREDIT WILL BE PROMPTED BY THE COUNSELOR TO NEGOTIATE A LOWER PREMIUM AS SOON AS THE SCORE GETS ABOVE 660. THE COUNSELOR WILL ALSO SEND INFORMATION ABOUT WHAT RATES AND TERMS TO EXPECT, GIVEN THE NEW SCORE.