|HCEC Manager Cheryl Kramer (third from left) with several of the Angel House mothers who have benefitted from her financial literacy classes.|
Over the course of 45 minutes in the middle of November, Cheryl Kramer, HAC’s Housing Consumer Education Center (HCEC) manager, walked seven mothers staying at Angel House shelter in Hyannis, through the nuances of one’s credit and how best to rebuild it.
Kramer began with an explanation of credit scores. She then spoke about ways to build credit. And she followed with the importance of paying off debt, budgeting, types of credit cards and how to read a credit report.
She was offering simple, but practical advice for women who have been homeless and have struggled with addiction, and are now taking steps to move forward with their lives.
It was part of an ongoing effort by Kramer to bring three HCEC workshops – Creating a Budget, Rebuilding Your Credit and Be a Successful Tenant – to the shelter. She initially did so last summer and reintroduced the series of three classes to Angel House clients in October, November and December.
“You want to make sure your housing is protected for you and your family,” Kramer told the women during the November session on credit. “So first, pay your rent. Then your utilities. If you’re working, then you have to have transportation, whether you’re using the bus or getting a ride with a friend or you have your own car… If you can’t get to work, then you lose your job and then you lose your housing. It has a trickle-down effect.”
Planning for when the clients leave shelter, Kramer encouraged the women to find ways to reduce their financial burdens by utilizing local food pantries for groceries and agencies like HAC for assistance in purchasing Christmas gifts for their children.
After the November session, several of the mothers talked about how Kramer’s classes have impacted them. “I get worried because my daughter is due in January and where I kind of messed up my credit, I want to be able to financially support her,” Nicole said. “What Cheryl teaches us, it is very helpful and makes you feel hopeful that there is a way out.”
Jocelyn, another client, said the sessions have given her a roadmap to pay off her debt and build up her credit “so that I can eventually buy a house. I have three children so my goal is to eventually buy a house so I don’t have to keep moving around from place to place.”
And for Hayley, the classes are just another example of how Angel House has helped her. “It is teaching me how to be the best mother I can,” she said. “If it wasn’t for this place I wouldn’t have my son. I’m definitely grateful to be here because it gives me time to work on myself.”
|In December, Cheryl Kramer attended the Citizens’ Housing And Planning Association (CHAPA) Homeownership Collaborative meeting in Boston, where she was presented a certificate recognizing HAC’s dedication and commitment to continually providing homebuyer education services to low- and moderate-income households since the Collaborative’s inception in 1996. To learn more about HAC's Housing Consumer Education Center offerings or to sign up for a class, click here.|