Family Financial Education Foundation

Programs: Family financial education is dedicated to helping people become debt free. This is done, in part, by providing clients free financial education materials. Each month clients have access to a monthly newsletter that includes timely topics regarding, saving on groceries - a how to guide, credit the good, the bad, and the non-existent, get out of debt and start building wealth with family financial education foundation, finding resources in a financial crisis, when two become one navigating the financial maze, wedding on a budget the elegant side of frugal, the 411 on credit repair, are credit bureaus deceiving consumers, overcoming medical debt, introducing the individual development account, how to save your money and sanity this thanksgiving holiday and planning ahead for the holiday season. Customized education is also provided on a case-by-case basis. Weekly financial articles and tips are posted to the social media sites providing additional education throughout the month.

debt management, this program is for people who can no longer afford to make their minimum monthly payments to creditors. The ffef debt management program can provide much-needed relief and help people work their way back to being financially stable. Ffef completes a full budget analysis of the clients current financial situation and determines a timeline for paying off the debt. Proposals are sent to their creditors to negotiate lower interest rates and lower monthly payment amounts. Although many creditors will lower their interest rates, some may not. Ffef also works to have accounts re-aged or brought current. As balances are paid in full, the pament rolls up to the creditor with the next smallest balance. This shortens the time a person is in debt and decreases the amount of money he will pay before he is debt free. 1024 new clients elected to use the debt management program in 2016. Out of the 2432 clients on the dmp in 2016, 599 or 25 of the paying clients completed the program and became debt free.

credit score review/my credit plan, provides a quality 3-in-1 credit report with fico scores from equifax, experian, and transunion. This is the same report used by mortgage companies, banks, and other lenders. This review will teach clients how to improve their credit score and how to dispute any errors. One of ffefs certified credit report reviewers will counsel and guide the client line by line through the credit report to answer any questions and address any concerns. This is not credit repair.