BetterFi is excited to announce that Bill Titus will be taking over the duties of Board Chair… BetterFi is a newly certified Community Development Financial Institution (CDFI) and a 501(c)(3) non-profit Tennessee Industrial Loan and Thrift (TILT) that primarily focuses on providing affordable installment loans as an alternative to and means of escaping from predatory payday, title, and flex loans.

Author Davide Scigliuzzo and artist Christopher Cannon do a great job covering the record profits that predatory lenders have seen since the pandemic, but especially illustrative is their interactive infographic showing how one Kimberly Richardson saw a predatory lender fleece her of thousands of dollars before she declared bankruptcy…

… BetterFi was nominated by the South Cumberland Plateau VISTA Project, sponsored by the University of the South, in the category of Most Significant Innovation, which recognizes an AmeriCorps program that has allowed the organization to expand the service or impact it provides…

Crusade Channel’s True Money with David Simpson recently had Spike, the executive director and founder of BetterFi, on the air to discuss predatory lending at home and abroad as well as BetterFi’s attempt to end predatory lending. Click through to listen.