Thanks for making Financial Fitness Day a success!
Thanks to everyone who attended and participated in Financial Fitness Day on March 27! Over 50 community members were able to access expert financial planning, chat with representatives from local service agencies, participate in workshops, enjoy a meal, and enter to win door prizes, all for free!
Special thanks go to our event sponsors: ARGI Financial Group, Wild Eggs, Financial Planners Association of Kentuckiana, BB&T, and the Catholic Enrichment Center, and to all the agencies who brought a broad spectrum of financial information and resources to event participants.
If you want to get involved in planning future Financial Fitness Days, just contact Bank On Louisville!
 You can view more photos from the event here.
Rent reporting and credit building
Many of our clients, friends, family, or co-workers pay their rent on time every month without seeing its positive effects. Now, Louisville Metro FEeD is getting behind a service called WilliamPaid which reports on-time rent payments to credit bureaus!
As CFED reports, "As Americans plan for their future, much of their potential may very well depend on their past. A person’s credit history is no longer just used by creditors to determine if a potential borrower will likely repay. A prospective employer may use a credit report as part of its background check. Some insurers price their products in part based on credit histories. The growing importance of credit is why CFED sees good credit as a true asset, one that can lead to better employment opportunities and favorable terms on home and business loans." Continue reading...
 New CFPB report shows the landscape of payday loans
About half of all payday loans are made to people who extend the loans so many times they end up paying more in fees than the original amount they borrowed, and four out of five payday loans are extended or "rolled over" within 14 days, a report by the Consumer Financial Protection Bureau has found. Read more here.
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