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Redbud offers five loan products,
with its“credit rescue” loan being its most popular.
Redbud currently offers five loan products,
with its“credit rescue” loan being its most popular.
Redbud was able to loan Knight $7,500- the most that the organization offers.
Redbud currently offers five loan products, with its“credit
rescue” loan being its most popular.
Redbud offers that flexibility, and
it isn't the only institution trying to fill the gaps.
Humiston said many of Redbud's clients work in steady middle-class jobs
and make their payments.
Knight hopes she will be able to pay down her Redbud loan and then refinance more of her debt with them.
She said she found it hard to approach Redbud at first because she didn't want to be labeled
as someone who was irresponsible with money.
Organizations such as Redbud are attempting to offer alternatives to predatory lenders,
to help people get back on track and not end up in dangerous levels of debt.
Redbud helped her find a path forward,
and she said other people can be similarly helped if they are ready and willing to take back control of their financial lives.