As Building Bridges scales to reach more families, our team uses innovative approaches and data driven techniques to reduce high interest debt. On average we see an 84% reduction in high interest debt.
High Interest debt can include credit cards, rent-to-own furniture, electronics, and even cell phones. Using the same Microloan Program established by Truity Credit Union, we start seeing results from newly developed strategies in the amount paid in in high interest debt within a year of joining the program. Just like the previously stated statistics regarding payday loans, we had one individual who interred Bridges before serving time. The same strategies that helped many others will be waiting when this individual returns to our community.
Strategies help reduce recidivism rates, depression, suicidal ideation, hopelessness, stress, anxiety, and poor health outcomes while instilling confidence, trust, hope, financial freedom and stability. Together we can make a difference by reducing high interest debt in our community. Visit our website page labeled "Volunteer Today" and see how you can get involved with Building Bridges.