Kelley, My program just started in January 2004. I am the only person in my office that works with the program, although I do share facilitation of the Financial Fitness education with another person in my office. I mail out applications to eligible inquirers and then schedule an orientation/one -on-one where I go over spending plans, savings, and pull/review the individual credit report of the applicant. Once their application is approved by loan committee, I then require them to take our 6 hour financial fitness class as well as attend a defensive driving class offered in the community. This process has worked for me thus far.
Shannon Ways to Work Program Director Nehemiah Gateway CDC 201 W 23rd Street Wilmington DE 19802 (302) 655-0803 -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of WaysToWork Sent: Saturday, April 24, 2004 12:43 PM To: [EMAIL PROTECTED] Subject: RE: [WTW] Financial Education pre presentation Thanks Dave. Do you facilitate the classes yourself or are you partnering with a consumer credit agency, etc. that provides the classes? I assume then that the borrower would be unable to close on their loan until they attended the class? Kelley Love [EMAIL PROTECTED] www.goodwillindustries.org Goodwill Industries - Manasota Our business is changing lives -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Dave Washburn Sent: Friday, April 23, 2004 2:41 PM To: [EMAIL PROTECTED] Subject: Re: [WTW] Financial Education pre presentation Kelley, My preference has been to require money management training (we have a 2-hour seminar held twice monthly) before loan closing, rather than before presentation of the loan application. We decided to do this so that class attendence didn't become a barrier to the flow of the application process. Buffalo has another very successful model, in which they require attendance of a similar money management presentation/orientation before customers receive their application. One advantage to this approach over our own is greater attendance at the seminars. Aloha, Dave Dave Washburn Ways to Work Program Manager YWCA of Oahu 1040 Richards Street Honolulu, HI 96813 808-538-7061 ext. 248 (direct) 808-531-8541 (fax) >>> [EMAIL PROTECTED] 04/23/04 07:34AM >>> Kelley, We are just starting our program. We plan to have our applicants attend a financial management class before presentation to the committee is made. Jack >>> [EMAIL PROTECTED] 04/22/04 04:42PM >>> Hello all, I was wondering if anyone was requiring an applicant to undergo some type of formalized financial education prior to Loan Committee presentation? We provide education on credit reports and constructing a monthly budget when they first come in for orientation and then follow that up during thier individual appointments before presentation, but our "formalized" training doesn't come until after approval. Is anyone requiring that they attend a class or workshop, either a couple hours or a couple of weeks long? If so, would you share with me the basics? Thanks! Kelley Love Loan Coordinator Ways to Work 3105 N. Tamiami Trail Sarasota, FL 34234 (941) 359-3347 fax (941) 355-0238 [EMAIL PROTECTED]
