Although Samantha De La Rosa is just 21, she has already experienced some of the financial problems so many adults struggle with. When she walked into Financial Empowerment Center at 3125 3rd Ave in the Bronx, Samantha had no available credit, bad credit, and no credit score. Additionally, she owed $522 to a cell phone company with her account in collections.
But Samantha was determined to get her finances in order so she could move forward in life. Here at Phipps Neighborhoods’ Financial Empowerment Center (FEC) we help clients take control of their debt while building credit, open bank accounts, and much more. Samantha came to the right place!
Here at Phipps Neighborhoods’ Financial Empowerment Center (FEC) we help clients take control of their debt while building credit, open bank accounts, and much more.
We started by setting her up with a credit building loan from Spring Bank. We also worked with the collection company to remove the debt. As it turned out, they could not prove the debt belonged to Samantha.
With Spring Bank’s Credit Building Loans, clients build savings and credit at the same time. The loan is securely deposited in the client’s savings account. The balance is frozen until the client pays off the loan. Each time a payment is made, it is reported to the credit bureaus to quickly build credit or improve an existing credit score.
Today Samantha has an outstanding FICO Score of 680. Her Credit Builder Loan was for $1,000 and she has already paid off half. Samantha’s cell phone bill was dismissed, saving her a big $522 plus she no longer gets collection calls or letters.
Samantha is typical of the improvement clients see after working with Phipps Neighborhoods’ FEC. If you have financial problems and poor or no credit, we can help you achieve the financial success you want.
If you or someone you know is interested in scheduling an appointment or finding out more information about Phipps Neighborhoods’ FECs, contact:
Phipps Neighborhoods Opportunity Center in Melrose
3125 Third Avenue
Bronx, NY 10451
Phipps Neighborhoods Center at 178th Street
1030 East 178th Street
Bronx, NY 10460