Commitment to Action

Helping Low-Income Americans Rebuild their Credit

Commitment by

Local Initiatives Support Corporation (LISC)

In 2013, Local Initiatives Support Corporation (LISC) committed to further helping individuals increase their financial stability by improving their net income, credit score, long term job retention and net worth. Through an expansion of a piloted credit building program implemented in the LISC Financial Opportunity Centers (FOCs), LISC will focus on training and performance management of financial coaches, and utilization of a new credit building loan and savings product called LISC Twin Accounts, to help 6,000 people improve their credit score over the next two years. LISC will expand the pilot to include at least 8 new metro areas with FOCs, specifically targeting 600 people to obtain a credit score over 650.

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Overview
Summary

Commitment

Helping Low-Income Americans Rebuild their Credit

Launched

2013

Est. Duration

2 years

Estimated Total Value

$2,100,000

Region

Northern America

Countries

United States

Commitment by

Local Initiatives Support Corporation (LISC)

Partner(s) of the Commitment Maker(s)

Citi Foundation, MetLife Foundation