Payday loans are often only a sliver of someone’s financial reality. Regardless of what hardship you may be facing, you are not alone, and someone can help. Before your next emergency occurs, identify where you can go and who you can talk to when you need additional support or guidance.
Before your next emergency occurs, identify where you can go and who you can talk to when you need additional support or guidance.
To begin with, check out what your county has in terms of economic assistance, along with these statewide resources.
Some of our program participants told us that they took out their first payday loans when they required housing or food assistance. If you find yourself struggling with such essentials, check out the following:
Here are four financial counseling providers statewide who can help you tackle your finances.
1. LSS Financial Counseling offers free and confidential budget, debt, and credit counseling statewide over-the-phone or in-person at their offices in Brainerd, Duluth, Mankato. Minneapolis, Rochester. St. Louis Park, St. Paul, Willmar, and Virginia. To schedule an appointment, call 888-577-2227.
2. Prepare + Prosper provides free tax preparation, affordable banking products, and financial coaching.
3. FamilyMeans: Financial Solutions offers free budget and debt counseling, as well as fee-based student loan counseling and credit report reviews. They have offices in the Twin Cities metro area and southeastern Minnesota. To learn more or to schedule an appointment, call 651-789-4014 or 1-800-780-2890.
4. The Village Family Service Center provides confidential financial guidance, education, and advice for a fee. They have offices in Alexandria, Detroit Lakes, Fergus Falls, Mahnomen, Moorhead, Perham, Roseau, St. Cloud, and Warroad. Call 1-800-450-4019 or fill out this form to learn more.
Remember: For current participants, if you meet with a counselor, you may be eligible for $50 per session, up to $150. Contact us with questions about our incentives, or if you’d like more resource referrals.
As you navigate any financial setback and become better informed on financial literacy, don’t forget: you are more than your financial situation. People are more than money.
Money Management E-Newsletter: October 2019