Pillar 1
Charlottesville Financial Capability
Financial capability is a fundamental part of our plan to create pathways of financial resilience, stability, and mobility in Charlottesville’s Black community.
Financial capability can be thought of as the sum of one’s financial knowledge, skills, and resources. Knowledge can mean understanding the terms of credit. Skills can mean performing budget calculations to know where you stand. Resources can refer to the accessibility of high quality yet affordable financial services. Difficulties in any of these three areas can negatively affect your progress towards financial security.
See how working with a personal coach can help you strengthen your financial capabilities. Do you need assistance understanding how to maximize your credit score? Or are you ready to buy your first home? Wherever you would like to see your financial journey take you, our coach can assist you with reaching your goals.
About
Operation HOPE
Operation HOPE is a for-purpose organization working to disrupt poverty and empower inclusion for low and moderate-income youth and adults. Our focus is on financial dignity and inclusion. We equip young people and adults with financial tools and education to secure a better future—coaching them through their personal aspirations and life’s challenges and facilitating their journey to financial independence.
Read below to learn more about the The Credit and Money Management Program, or click HERE to learn more about The Home Ownership Program.
Thasunda Duckett, CEO Chase Consumer Banking at JPMorgan Chase in conversation with John Hope Bryant, CEO of Operation HOPE
Operation Hope
The Credit and Money Management Program
The Credit and Money Management Program, a core focus of HOPE Inside Adult Empowerment programming, is designed to transform enhance financial mindsets—teaching people the language of money, how to navigate credit, and make more informed decisions with the money they have.
Through workshops and one-on-one counseling, our financial well-being coaches empower clients to take control of their finances, by creating a budget, reducing and paying of debt, and clearing errors from their credit reports. Seventy-two percent of clients see a FICO score increase; 25 percent achieve a 700+ FICO score after six months of participation.
With the HOPE 700-Credit-Score-Communities initiative, the focus on raising client FICO scores to 700 and bringing financial uplift to communities, is at the foundation of the Credit and Money Management Program—working to rehabilitate the credit, financial, and overall well-being profile of the HOPE client, and the future bank borrower, and by extension, the community as a whole.
A community empowered with financial dignity asks better questions, demands better products and services, is more aspirational, and is better positioned. An empowered community is a community filled with economic opportunity.
“When I arrived at the shelter in May, I had $80 to my name and no long term goals. That has all changed now thanks to you and Operation HOPE! I want to have those long term goals now, starting with a life insurance policy with my children as beneficiaries. Additionally, as my savings build-up, I would like to discuss an investment strategy in the near future. Thanks again for bringing me a new beginning, truly.”
HOPE In Hand App
Operation HOPE has launched a new mobile app – HOPE In Hand powered by HOPE Inside Mobile – now available for download from the App Store or Google Play. HOPE In Hand has digitized HOPE’s financial education and coaching services traditionally offered through a physical 150+ national location network—extending access to HOPE Inside programming to millions of Americans. HOPE In Hand places the power of HOPE Inside at the fingertips of individuals seeking financial coaching support to manage credit and money, start businesses, purchase homes, or recover financially from a disaster, like the COVID-19 pandemic.
Through the app, users can create/manage an account profile and receive virtual one-on-one assistance from an assigned financial wellbeing coach. Get connected with a financial wellbeing coach in the Charlottesville area via the app. This free app is a convenient way to access the support you need to expand your financial capabilities. With HOPE In Hand, help is at your fingertips no matter what you are you are in your financial journey. Use the app to message chat in real-time with your coach and access action plans. Services provided via Hope In Hand are offered at no cost to the client.
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