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...with CBA Executive Director |
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Dear colleague, Welcome to the first CBA newsletter, a new bi-monthly benefit for our members as well as our friends in credit and asset building! CBA started in 2006 to create solutions for organizations to help families build stronger credit and financial access in order to grow their businesses and/or personal assets. We developed strong partnerships with the major credit bureaus, giving CBA a valuable perspective of the changing use and role of credit in the US. In 2007, we launched CBA Reporter to bridge the data gaps between small community lenders and the major credit bureaus. CBA now transfers over 6,500 loans monthly to Experian and TransUnion on behalf of 70 CBA Reporter members. In 2008, CBA created a special CBA Member TransUnion Access to Credit Reports so that all nonprofits providing financial counseling could access credit reports and scores for financial counseling and outcome tracking. In 2009, CBA is ramping up our education platform at creditbuildersalliance.org with new information, services and resources such as our upcoming Credit Outcome Handbook, new innovations from around the country, and our Training and Consulting services. If you are already a member of CBA - thank you! We hope you will come back to CBA often and find our expanding bundle of products and services helpful for your work. If you are not yet a member, we hope you will visit our website, check out our resources, and possibly join CBA. Let CBA help you expand your knowledge, strategies, products and services around credit building and asset building. Just as importantly, let us help you tell your stories through client outcomes and community impact. CBA looks forward to continuing to be a thought leader and innovator in support of nonprofit and community lenders by adding new partners and providing a one-stop shop with an ever expanding platform of products and services related to credit reports, credit scores, and credit building. Please let us know how we can help you! Best, Vikki Frank Executive Director |
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Re-Think Credit = Asset |
| When you hear credit do you think debt? Are credit histories just a list of liabilities in need of "repair"? Do your credit strategies have unclear impact on client credit scores? If so, CBA's Credit Building is Asset Building training is in order! CBA's Credit Building is Asset Building trainings are fundamentally changing the way asset builders around the country understand credit in today's economy - and how they implement their work. In just a half-day or full-day workshop, CBA challenges asset building practitioners to re-think credit and offers tools and strategies in our Credit Builders 5-Step© approach that can be immediately implemented in practice.
What folks are saying about the CBA training:
Contact CBA to learn more.
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| Featured Innovation: Chautauqua Home Appliance Loan Program |
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Goal: Eliminate collection accounts to a $0 balance with the smallest total lump sum payment -- with no ongoing relationship with these predatory businesses. |
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DID YOU KNOW?
There is no such thing as a free score. But consumers can get three free credit reports each year at annualcreditreport.com |
| CBA at Upcoming Events |
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Workshops: Credit Building is Asset Building and Education IDAs
Training: Helping Non-Profits Build Better Credit in their Communities
Panelist: Mainstreaming Microfinance |
Chautauqua Opportunities leveraged its microenterprise loan program to also offer appliance loans! The loan product offers an affordable alternative to rent-a-centers, which, with their high rates and strict repossession policies with any late payments, were threatening the financial stability of many county residents. Since the launch of the appliance loan product in April 2007, the program has made over 43 loans totaling nearly $50,000.
Credit Builders Alliance
Tel: 202-730-9390
Email: info@creditbuildersalliance.org
www.creditbuildersalliance.org