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Who we are
MemphisDEBT is a collaborative dedicated to improving the financial wellness of our community through education and strategic alliances.
Memphis is one of the leading centers for bankruptcy in the United States, and our goal is to break that cycle. Too many of our neighbors have succumbed to bankruptcy in an effort to manage debt. Others operate on such thin margins that they are vulnerable to a host of fringe financial services. Through education, we can improve their lives, as well as our own.
Predatory lending, foreclosures, credit card debt, bad credit . . . These are serious issues affecting our society. Everyone in the community has a stake in raising the understanding of money management and wealth acquisition.
The MemphisDEBT collaborative was organized in 2001. There are now more than 80 members representing a wide variety of organizations and individuals from the public, private, for-profit, nonprofit, government and business sectors.
The collaborative was formed under the auspices of the RISE Foundation and has received funding through grants from the Fannie Mae Foundation, Assisi Foundation, United Way of the Mid-South, First Tennessee Foundation and the RISE Foundation.
About this site
The MemphisDEBT website is designed to make financial resources more readily available to everyone in the community, but especially those most in need of them.
The site aims to point citizens in the right direction, no matter what kind of financial help they may be needing.
The organizers of MemphisDEBT hope this site will generate more action in the Memphis community to help fight our growing bankruptcy and credit debt problems.
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MemphisDEBT is a collaborative dedicated to improving the financial wellness of our community through education and strategic alliances.
Memphis is one of the leading centers for bankruptcy in the United States, and our goal is to break that cycle. Too many of our neighbors have succumbed to bankruptcy in an effort to manage debt. Others operate on such thin margins that they are vulnerable to a host of fringe financial services. Through education, we can improve their lives, as well as our own.
Predatory lending, foreclosures, credit card debt, bad credit . . . These are serious issues affecting our society. Everyone in the community has a stake in raising the understanding of money management and wealth acquisition.
The MemphisDEBT collaborative was organized in 2001. There are now more than 80 members representing a wide variety of organizations and individuals from the public, private, for-profit, nonprofit, government and business sectors.
The collaborative was formed under the auspices of the RISE Foundation and has received funding through grants from the Fannie Mae Foundation, Assisi Foundation, United Way of the Mid-South, First Tennessee Foundation and the RISE Foundation.
About this site
The MemphisDEBT website is designed to make financial resources more readily available to everyone in the community, but especially those most in need of them.
The site aims to point citizens in the right direction, no matter what kind of financial help they may be needing.
The organizers of MemphisDEBT hope this site will generate more action in the Memphis community to help fight our growing bankruptcy and credit debt problems.
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Last year, MemphisDEBT, in cooperation with United Way of the Mid-South, hosted 16 Volunteer Tax Assistance sites over a three-month period to help low-income communities claim Earned Income Tax Credits (January - March 2003). Nearly 2,300 returns were processed. The average refund amount was $2,100, resulting in more than $4.8 million being returned to low-income families. It is estimated participating families saved approximately $460,000 in filing fees.
Contact MemphisDEBT to find out more. |