StellarFi Announces Partnership with National Foundation for Credit Counseling – PR Newswire | Vette Leader

  • The partnership will connect StellarFi members to nonprofit credit advice from certified credit advisors
  • Americans will have new resources to gain financial literacy, improve credit scores, and achieve goals like buying a home
  • StellarFi is currently in beta and is scheduled for a public launch later this month

Austin, Texas, June 8, 2022 /PRNewswire/ — StellarFia non-profit corporation, today announced its partnership with the National Foundation for Credit Counseling (NFCC). Washington, D.Cto connect members with free financial advice. NFCC is the country’s largest and longest-standing nonprofit financial advisory organization. It boasts strict accreditation standards for its member agencies.

StellarFi, due for public launch later this month, aims to break the U.S. poverty cycle by providing access to credit and improved financial literacy for the 132 million Americans who currently have bad or no credit and empowering members to take control of their respective financial journeys and achieve their goals. The company allows members to dramatically improve their credit scores with their daily bills and payments like rent and utilities that StellarFi reports directly to the top three credit bureausExperian, Equifax and TransUnionto help people build positive credit.

“StellarFi aims to break the credit paradox and promote financial inclusion by bridging the gap between millions of Americans and world-class financial resources,” said Lamine Zarrad, Founder and CEO of StellarFi, who is a former US Treasury Department bank examiner. “Our new NFCC partnership will help ordinary citizens improve their financial literacy and credit scores, ultimately strengthening their financial health.”

Four out of seven Americans don’t have the tools they need to grow their finances. StellarFi aims to improve on this statistic through its financial education partnership with NFCC. Acquiring financial literacy increases your chances of achieving one of the most common goals of all Americans: buying a home.

NFCCs research has pointed out that many communities underserved by mainstream financial institutions suffer from a disproportionate lack of intergenerational wealth accumulation, which is a key benefit of home ownership. The organization’s homebuyer education programs help aspiring homeowners overcome actual and perceived obstacles standing in the way of their goal.

Certified by the US Department of Housing and Urban Development, NFCC’s Certified Financial Advisors provide a range of support options for prospective homebuyers – helping people make the transition from renting to home ownership. NFCC advisors serve all 50 states and US territories. StellarFi Members can connect to NFCC Advisors via a shortcut in the StellarFi App to set up Advisory Calls.

“We are passionate about helping people overcome financial obstacles by educating them about financially responsible behavior,” said Bruce McClary, NFCC Senior Vice President, Membership and Communications. “We’re excited to partner with StellarFi to reach more Americans who may be experiencing financial hardship, to help them resolve these issues and ensure they can live their best life.”

A key component of StellarFi’s mission is to provide financial education tools to its members through resources available on the StellarFi website to blogand via social media (eg. Instagram, LinkedIn, Twitter and Facebook). StellarFi members learn more about building credit, personal finance, and credit and wealth equality. Information available to members includes how to build credit to buy a home, the difference between secured and unsecured credit cards, how to stop spending, when saving or paying off debt is a wiser move, and how to protects itself from predatory lending. StellarFi blog articles have covered topics including: how to build credit, to buy a house, what is the credit rating? necessary buying a home and what to do when it is you rejected for a house.

To be one of the first to try the StellarFi app and gain access to credit building resources, sign up for the StellarFi Beta waitlist at www.stellarfi.com/beta.

About StellarFi

Founded in Austin, Texas, a not-for-profit company, StellarFi’s mission is to break the US poverty cycle by providing access to credit for the 132 million Americans who currently have bad credit or no credit at all. StellarFi enables members to dramatically improve their credit scores with their daily bills and payments like rent and utilities, which StellarFi reports directly to the top three credit bureausExperian, Equifax and TransUnion. Driven by his previous success in tackling complex financial problems, Founder and CEO of StellarFi Lamine Zarrad plans to expand financial justice nationwide and help millions of people on their journey to financial security.

About the National Foundation for Credit Advice

Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation’s first and largest nonprofit organization dedicated to improving people’s financial well-being. With a national network of member offices serving every state and U.S. territory, our NFCC®-certified credit advisors are financial attorneys empowering millions of consumers to take charge of their finances through personal financial assessments that deal with credit card debt and student loans deal, housing decisions and all money management. Make one of the best financial decisions of your life. For expert guidance and advice, call (800) 388-2227 or visit us http://www.nfcc.org today.

Visit stellarfi.com for more informations.

SOURCE StellarFi

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