New Homeowner

George came to Cottages of Hope in August 2016 after hearing about us through the VITA tax program. At the time he was working for a temp agency on a production line. He was living at the V.A. homeless shelter and was wanting to become independent after his recent release from incarceration.

He was unbanked, had almost $20,000 in student loan debt, and had no established credit score. He did not have his own vehicle, wanted to find stable employment, and had dreams of purchasing his own home.

When he first began meeting with his financial coach, we encouraged him to set up a checking and savings account and to establish a savings plan to purchase a car. He also opened a secured credit card to start building his credit score. With some negotiation and time, George and his coach were able to negotiate affordable loan payments to get his student loans out of collections.

In September 2016, George accepted a full-time position with his employer and no longer is on the production line. He received a $4/hr raise, health insurance, and 401K. A short two months later, he purchased a reliable vehicle with cash he had been saving in his car fund we helped him establish.

In the year he has been working with his financial coach, he went from having no credit to having a score of 718.  In May 2017, George proudly purchased his home and moved out of the V.A.

We are very proud of George and all his accomplishments over the last year. Despite his barriers, he persevered and made success happen!