Financial Coaching

PROGRAMS

Financial Coaching

Financial coaching helps participants manage income, reduce debt, review credit, and plan for a more successful economic future.

Services

We offer one-on-one financial coaching and financial capability workshops. Our financial capabilities curriculum covers many important topics, including:

  • Mastering money management
  • Debt reduction
  • Banking basics
  • Insurance
  • Developing a spending plan
  • Improving credit ratios and savings
  • Consumer protection
  • Fair Housing and Fair Lending

Financial capability is provided through our Center for Working Families. We can advise you on how to keep your homes when facing a crisis, through counseling, debt restructuring and loss mitigation alternatives.

Experts strongly recommend financial coaching, especially for new homeowners, because of its proven success in helping families manage and protect their homes.

Eligibility

To participate in financial capability and work with a financial coach, you must be participating in one or more of the other programs offered by Southwest Economic Solutions, which include pre-purchase counseling, Supportive Services for Veteran Families (SSVF), Earn + Learn, adult literacy, and ProsperUS.

RESULTS

In 2018, 104 financial coaching clients improved their net income.

86 improved their net worth and 124 improved their credit score.

Our Center for Working Families (CWF) site is a national model in achieving successful outcomes. In 2018, 600 CWF clients (82% of all CWF clients) received at least two CWF services and 130 individuals were placed into employment.

CONTACT:

To learn more about Financial Coaching, contact Brooke Ratliff at Southwest Economic Solutions at 313.297.0081 or email her. Southwest Economic Solutions is located at the Welcome Center at 2835 Bagley, Suite 800, Detroit, MI  48216.

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