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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.

Credit Repair Assistance Program Criteria: 

 

  1. Must be a current Spartanburg County Resident

  2. Must verify Proof of Income and Household Size 

    • Client must meet 80%-120% AMI (AMI Chart)

    • Client must provide 4 weeks of pay stubs and most recent W2

  3. Mortgage eligibility must be determined by Lender

  4. Must save at least $5000 either in liquid assets or through a retirement account

  5. Must provide bank statements monthly to ensure funds are available

  6. Must complete financial education courses

 

Accountability Measures:

 

  1. No taking upon new debt unless advised by Credit Repair Company

  2. Maintaining current employment throughout the program 

    • With the exception of layoffs and unforeseen hardships which must be communicated with program staff in a timely manner

  3. Must turn in all mail received from creditors to the credit repair company upon 3 business days of arrival

  4. Must commit to pay the monthly $19.99 IdentityIQ fee during the credit repair period

    1. Failure to pay during the credit repair period will result in the below

  • First offense verbal conversation

  • Second offense may result in program suspension

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.

If you have any inquiries about the program, feel free to reach out to Kassia Graves, Executive Director, at info@oakandaveimpact.org.

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