Inspiring Success Story

What an amazing success! Whether your goals are to buy a vehicle, purchase your first home, or go on a family vacation, they can be achieved through hard work, dedication, and planning! LF is living proof that it is possible.

LF, a single mom with four kids, began meeting with one of our financial coaches in December 2015. Her credit score was a 619 and she had over $5,500 in credit card debt. Contributing to a savings account was out of the question. She desperately wanted to take her family to North Carolina but knew it would not be possible until her finances were in order.

LF had her taxes done for free through the VITA program at Cottages of Hope and received a $7,700 refund. She initially wanted to use the money to go to North Carolina, but ultimately decided to use the refund to improve her financial situation instead.

LF decided to use $4,200 of her refund to pay off a large part of her credit card debt and put $1,800 into an established emergency savings account.

In January 2017, LF was completely free from credit card debt. She was able to keep $1,000 in savings for the entire 2016 year, she helped her daughter buy her first car, and she paid for Christmas without using any credit cards. Her credit score also climbed to a 725!

When LF filed her 2017 taxes, she received a $9,400 refund. This was LF’s chance to bump up her savings and plan her family trip. She put $2,900 in her emergency savings account, $2,000 into an established account for a down payment on a reliable car, and used the remaining $4,500 to take her and her four children to see their family in North Carolina.

Expungement Seminar

If you or someone you know has a criminal background that is holding them back from finding housing or stable employment, join us for a FREE expungement seminar!

See flyer for details. Please call to secure your seat 801-393-4011.