Keep It Goal 4
Families reduce their debt burdens and improve their credit ratings over time.

Common Sense
  • Paying interest and late fees on debt reduces income available for basic needs and can launch a cycle that leads to bankruptcy.
  • A bad credit rating makes it difficult or impossible to rent or buy a home, buy a car, get a loan, get insurance or get a job.
  • A low credit score increases the cost of any financing that low-income families do get.

Fast Facts

Check out related Action Ideas and Alerts below! Or view other Keep It goals here.

Roll Your Change Week

Roll Your Change Week (RYCW) is an event designed to encourage individuals and families to start saving. Community members gather the coins they have saved and found in their homes and carry them to a central event location-where volunteers roll the coins for them. People are encouraged to deposit their rolled coins into existing accounts […]

Rural IDAs

Earning It isn’t enough to lift families out of poverty—they have to Keep It and Grow It too. Individual Development Accounts (IDAs) are one of the most successful and tested ways to help families Keep It and Grow It. But there are special challenges and opportunities when you start and run an IDA program in a rural place. The basics […]

The Nasty Nine: Helping Rural Families Avoid Predatory Lending Practices

Do the rural families you encounter turn to predatory lenders and products when they need money—and end up in worse financial straits? Here are some resources you can use to guide them to better lending products that can help them stay afloat and get ahead in this economy: A recording of the RuFES webinar on the Nasty […]

RuFES is a project of the Annie E. Casey Foundation and the Aspen Institute Community Strategies Group.
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