EO Credit Building
Jannus Economic Opportunity (EO) offers a credit-building program to help those with no, thin, or poor credit histories access affordable financial products and services to build and maintain good credit. According to the Asset Funders Network, people with low or no credit scores may pay $200,000 more over a lifetime for financial products and services than individuals with good scores.
High-cost fringe financial services often trap people in a cycle of debt, preventing hardworking families from getting ahead and unlocking their full economic potential. By providing credit education, one-on-one credit coaching, and credit builder tools including small loans that allow for payment behavior to be reported to the major credit bureaus, EO helps people to lay the foundation for financial resiliency. Our clients learn where and how to pull their credit report at no cost, how to read their report, and how to monitor and improve their credit score for lifelong success.
- 45 million people in the US are without access to affordable credit.
- 16 million people don’t have access to bank accounts. (FDIC).
- 1 in 4 American families turn to high-cost financial services for their daily needs.
- Payday lenders charge 391% to 645% interest for payday loans.
To enroll in a class, become a professional services partner or discuss fundraising and financial support, contact us today.