Easier-to-repay credit designed to build financial fitness.
We don’t like that Tennessee payday lenders can charge interest and fees up to 460% per year, that payday loan borrowers pay more in interest and fees than they borrow, or that the loans seem designed to trap borrowers.
When someone refinances a payday, title, or flex loan with credit from BetterFi, they build their credit score, pay less, and actually can pay off the loan.
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*estimated cost of BetterFi loans are for illustrative purposes and are not quotes. Terms and conditions apply, and actual costs will be dependent on specifics of the loan.
We want our clients to get out of our loan, build credit, and graduate to conventional finance. We report to all three major credit bureaus through the Credit Builders’ Alliance, so not only do we provide financial assistance, but clients who repay on time can become more bankable.
If you need assistance getting out of a payday, title, or flex loan, or if know someone who might, please contact us or click one of the buttons above.
Some of Our Partners
Throughout BetterFi's pilot, we are partnering with other organization whose clients, members, employees, or congregation could benefit from access to affordable emergency loans and/or financial coaching. We look for partners who will vet potential clients and assist clients in the collection of required documents, referring individuals who will commit to improving their financial fitness and repaying any loans that they receive.
Building Financial Fitness
The Capital Good Curriculum
We start with a proven platform for financial fitness, the Capital Good Fund's coaching curriculum. Some of the topics that we can cover are listed below, and we can run these in one-on-one or workshop settings.
Open time slots will resume nearer to the end of tax season. For the time being, please call or text us at 931 - 313 - 9942 to schedule a session.
All coaching sessions will be held at the South Cumberland Learning and Development Center at 14399 US-41 Tracy City, TN 37387 (the old Grundy County High School in Tracy City).
Goal Setting and Budgeting
The only way to know where you've gone is to know where you were. Financial coaching clients will begin by setting goals and developing budgets, documents that they will be able to return to over the course of months or years to measure progress.
Credit, Banking, and Debt
APRs, interest, fees, balloon payments, overdraft fees, credit scores, etc. -- we work with our clients to empower them to interpret credit and banking concepts before they get trapped. Once we have covered the concepts, we work with our borrowers to evaluate their banking options as well as options for consolidating and paying down existing debt.
Saving and Health
Finally we focus on thrift and saving, returning to clients' goals to evaluate the most effective strategies for saving and reaching savings goals. We incorporate this into a component on health, looking at both healthcare options and ways to ultimately save costs via healthy living.