We are excited to officially launch our Credit Repair Assistance Program!
For individuals and families eager to achieve homeownership, but facing potential barriers due to credit issues preventing pre-approval for a home purchase, we now offer a solution through collaborative partnerships! If you meet the program's qualifications, we are committed to covering the costs of credit repair for up to 6 months, aiming to assist you in overcoming hurdles and making homeownership more accessible.
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Credit Repair Assistance Program Criteria:
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Must be a current Spartanburg County Resident
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Must verify Proof of Income and Household Size
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Client must meet 80%-120% AMI (AMI Chart)
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Client must provide 4 weeks of pay stubs and most recent W2
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Mortgage eligibility must be determined by Lender
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Must save at least $5000 either in liquid assets or through a retirement account
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Must provide bank statements monthly to ensure funds are available
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Must complete financial education courses
Accountability Measures:
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No taking upon new debt unless advised by Credit Repair Company
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Maintaining current employment throughout the program
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With the exception of layoffs and unforeseen hardships which must be communicated with program staff in a timely manner
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Must turn in all mail received from creditors to the credit repair company upon 3 business days of arrival
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Must commit to pay the monthly $19.99 IdentityIQ fee during the credit repair period
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Failure to pay during the credit repair period will result in the below
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First offense verbal conversation
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Second offense may result in program suspension
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To determine your eligibility for the program, please fill out the application below. A representative will be in touch with you within the next 1-3 business days.
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If you have any inquiries about the program, feel free to reach out to Kassia Graves, Executive Director, at info@oakandaveimpact.org.