The Aurora Financial Empowerment Center in Aurora, Illinois offers workshops and counseling services to help individuals improve their financial literacy and overcome financial difficulties. The center provides guidance on debt management and offers support to those considering bankruptcy as a last resort.
This room at the Aurora Financial Empowerment Center , 712 S. River St., Aurora, hosts workshops each month on financial literacy . Valeria Loera had someone come to her recently so down on her financial luck that she was looking at a last resort.
In the case of that woman, counselors looked at her entire financial situation and had her start paying down her debt. Within a year, she was able to buy a home.That is just one success story at the Financial Empowerment Center, which was started four years ago in the midst of the coronavirus pandemic shutdown with a grant from the Cities for Financial Empowerment Fund, along with some city of Aurora money and private money raised locally.
In the past four years, the center has seen 2,749 clients and had 2,222 outcomes. An outcome means a client has done something like saving 10% of income, reduced debt by 10%, opened a new bank account or even bought a home.In total, clients have saved $1 million of their income, and reduced debt by $3.01 million, Loera said.
Aurora Financial Empowerment Center Financial Literacy Workshops Counseling Debt Management Bankruptcy Financial Difficulties
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