Capital One Bank and Alliance for Greater Works are now accepting applications for the first Dallas session of Debt Boot Camp: How to Get Out, Stay Out and Become Financially Fit!
The Debt Boot Camp is a free program designed to walk participants through the process of becoming debt-free and financially sound. This innovative, collaborative program is centered on a successful course study proven to help individuals and families eliminate debt long-term. Participants learn the importance of establishing savings while improving their credit through this seven-month program.
In addition to obtaining access to premium personal financial education at no cost provided by Transformance, those who register for the program will receive free one-on-one confidential financial counseling, have an opportunity to open a no-fee personal savings account with Capital One Bank, have the initial set up fee waived for people interested in participating in a Debt Management Program and eligible participants may also qualify to participate in an Individual Development Account matched savings program.
In addition to Transformance, a local non-profit committed to moving families towards financial stability, other partners include WINS, Working in Neighborhoods Strategically; Dallas Park & Recreation; and University of Dallas College of Law.
“The Debt Boot Camp aligns with Capital One Bank’s commitment to make a real and positive difference for the citizens and businesses of our region,” said Kent Eastman, Texas State President, Capital One Bank. “We’re pleased to bring this program to North Texas.”
Sherrye Willis, Founder and CEO of Alliance for Greater Works, added “The Debt Boot Camp helps us fulfill our vision of bringing together diverse sectors of community, including faith, philanthropy, neighborhood leaders, business and government, to transform under-resourced communities. The program provides the necessary tools to qualified families to build financially secure foundations, which in turns adds to Dallas’ economic viability.”
The Debt Boot Camp Program has seen great success in other cities with many graduates increasing their credit scores, reducing their debt and building an emergency savings fund. “We are thrilled to bring this program to Dallas and look forward to working with our partners to provide a program that will help participants meet their financial goals,” said Laurie Vignaud, Senior Vice President/Community Development Banking for Capital One Bank. “Participants enter the program with the intention of becoming fiscally responsible and economically self-reliant, and they leave with the tools and education to make their goals of debt-free living a reality.”
The Debt Boot Camp session will begin Nov. 12 and will be held at Martin Luther King, Jr., Community Center, Senior Center located at 2922 Martin Luther King Jr. Blvd, Dallas, Texas 75215 on the second Saturday of each month from 9 a.m. to 11:45 a.m. for seven-months.
Interested applicants must attend an orientation on Oct. 22 or Oct. 27 from 10 a.m. to 11:30 a.m. Applications are available at www.cybergrants.com/capitalone/DDBC The application deadline is Oct. 27.
