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