|  What
is Fresh Start?
It is a program designed to give consumers who have been denied
checking accounts a second chance to re-establish bank account privileges. A basic understanding of money is a crucial tool for people trying
to enjoy the benefits of the current growing economy. The program requires that you…
- Complete the Fresh Start counseling course. (Services will be
provided by counselors from REACH, Inc., or Consumer Credit Counseling
Services and will include assessment, action plan and education.)
- Repay any outstanding debts to the bank.
- Demonstrate an ability to balance a checking account.
- Pay a $75 enrollment fee to the service provider. It will entitle
you to a copy of your credit report, an initial review, course
curriculum and a follow-up consultation.
- $75 will be applied to the homeownership counseling fee if you
choose to enter the REACH homeownership program.
Benefits include…
- An opportunity to get back into the banking system.
- Lender recognition that you have taken positive steps to educate
yourself about money management and credit.
- Budgeting techniques to help you manage your money.
- Gaining knowledge to make you a good financial consumer.
- Knowing how to handle your checking account in a satisfactory
manner. This is a good tool to rebuild your credit.
After completing the program, you will be given a Certificate
of Completion to take to a participating bank. The certificate must
be presented at a bank within 30 days from the date of issuance
to open your new account. Counselors will customize the program
to fit your situation.
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