Society of St. Vincent de Paul

Trapped in a loan from a payday, car title or other high-interest lender? 

The Credit Empowerment Program may be able to help.

Program Basics
1.    Converts high-interest loans(s) totaling $3,000 or less to a low-interest Credit Empowerment loan, substantially lowering monthly payments.
2.    Provides financial mentoring periodically during the term of the Credit Empowerment loan.

Eligibility
•    Be a citizen or lawful permanent resident of the United States with government-issued ID and SSN.
•    Owe up to $3,000 on loan(s) from payday, car title, or other high-cost lenders. (Program does not cover credit card debt.)
•    Have monthly income that exceeds monthly expenses, once the low-interest payment replaces the high-interest.
•    Be capable of repaying the Credit Empowerment loan in 6 – 24 months.
•    Consent to sharing of information between the Society of St. Vincent de Paul and its partner financial institution, attending financial mentoring, and refraining from adding new monthly expenses while the Credit Empowerment loan is active.

How to Participate
•    If you have an eligible high-interest loan, please contact your local St. Vincent de Paul Conference.  You can find your local Conference here.
•    If you or your Conference would like to assist Neighbors with high-interest loans, please contact [email protected] for concise training.