St Vincent de Paul Mini Loan Program
Do you work hard and struggle to make PayDay or Title Loan payments and pay bills each month?
Individuals who have taken out PayDay Loans or a Title Loan can find a better alternative to escalating debt and high interest rates with St Vincent de Paul’s Mini Loan Program. Qualified individuals, who have a source of income, can pay 3.15% (APR) interest on a Mini Loan, co-signed by SVDP, and get help fine-tuning a budget and establish a savings plan.
Read this story about how St Vincent de Paul helped Tricia with a PayDay Loan
https://www.svdpfrisco.org/blog/2020427/helping-our-neighbors-get-out-of-debt
If you have a payday or auto title loan:
Our mini loan conversion program may be able to help.
We offer low-interest re-financing, so you can escape manipulative and predatory lenders.
One-year program, with ongoing support
Financial coaching to help you plan and save for the future!
If you do not have a loan, but need help covering an emergency expense:
You may qualify for a low-interest emergency loan
Amount between $500 - $2500
For use on expenses like home and auto repair, a deposit on a new or safer apartment, and medical bills
Benefits of SVdP Mini Loan Program
Helps you get out and stay out of the harmful, never-ending cycle of debt
Frees you from pushy, intimidating lenders and collections agents
Builds your credit score
Ongoing, caring support for our participants
A new savings account once you complete the 1-year program
A way out of poverty toward financial freedom.
Call us today to apply: (469) 607-0909
Making a difference
“Thank you for all you have done to save us from becoming homeless. We were desperate for God’s love to show up and it did. You and your organization are such a blessing!”
The thank-you note above was received from a parishioner couple with two children who were in distress after the holidays because they could not pay their rent and utility bills. Each month, the father and mother struggled to pay usual day to day living expenses on their service industry salaries.
After the holidays, the father’s hours were cut. And, shortly thereafter, their child was hospitalized for 1 week. The mother lost her job. Their bills piled up! They were being evicted and the electricity was cut off.
Two members from St Vincent de Paul met with the family in person, talked about how how St Vincent de Paul might best help with their crisis, and then brought their case to the St Vincent de Paul members meeting where the conference agreed to supply funds to pay their bills contingent on the family paying remaining balance. Area sister SVDP conferences also provided assistance since the bills were beyond a single conferences’ means.
The thank-you note above was received from a parishioner couple with two children who were in distress after the holidays because they could not pay their rent and utility bills. Each month, the father and mother struggled to pay usual day to day living expenses on their service industry salaries.
After the holidays, the father’s hours were cut. And, shortly thereafter, their child was hospitalized for 1 week. The mother lost her job. Their bills piled up! They were being evicted and the electricity was cut off.
Two members from St Vincent de Paul met with the family in person, talked about how how St Vincent de Paul might best help with their crisis, and then brought their case to the St Vincent de Paul members meeting where the conference agreed to supply funds to pay their bills contingent on the family paying remaining balance. Area sister SVDP conferences also provided assistance since the bills were beyond a single conferences’ means.
A life changing-crisis can happen to anyone, at any time. Over and over again, St Francis of Assisi parishioners hear the cry of the poor and respond in kind. They humbly, quietly, and faithfully doante to SVDP via envelopes and special collections for people they don’t know and will probably never meet.
Thank you for helping us show Christ’s love to others as He commanded.
In December, the Society of St Vincent de Paul (SVDP):
Ministered to 101 Adults and Children. The majority, single parent households who experienced significant unexpected setbacks such as a spouse who suddenly leaves the family, illness/accident, job loss, or working hours reduced. Their savings exhausted, and they have no family who can help.
Provided $6,713 to prevent cut-off of utilities, $10, 815 for partial rent payments, and other items such as needed medicine
Devoted 672 hours to SVDP ministry work.
Yet, we need more volunteers to meet an extraordinary need.
Will you join us to help those in need right in your own neighborhood?
To learn about becoming a volunteer advocate, please come a SVDP meeting on Monday Evenings at 7 PM in Rooms C & D of the Parish Hall.
Experiencing a financial crisis? Contact the Society of Saint Vincent de Paul
Confidential Assistance Hotline at 214-619-4096 for potential help.