About The Community Outreach Department


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This presentation provides an overview about our department and an overview of our 2010 accomplishments.

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About The Community Outreach Department

  1. 1. DebtWave Credit Counseling’s<br />Community Outreach<br />
  2. 2. About DebtWave Credit Counseling, Inc. <br />Mission Statement <br />It is our commitment to educate on the proper use of credit through budget management, to offer sound counseling, and to assist clients to reduce and eliminate debt. We will ensure compliance to relevant legal requirements, establish and review the quality objectives, continually improve our QMS, and implement any changes to guarantee that our commitment to customer satisfaction is achieved.<br />Nonprofit 501(c)(3) consumer credit counseling company<br />Established in 2002<br />Certified by the International Organization for Standardization (ISO) since 2003<br />Counselors educated through the Center for Financial Certifications®<br />ISO 9001<br />FS 73251 <br /> <br />A+ BBB Rating<br />
  3. 3. The Community Outreach Department<br />Dedicated to educating the public by providing free financial literacy programs.<br /><ul><li>Educate and motivate people of all ages, races and socioeconomic backgrounds.
  4. 4. Free on-site seminars
  5. 5. Free one-on-one counseling
  6. 6. Free information distributed at various events across San Diego County</li></li></ul><li>Free On-Site Seminars<br />Wave of the Future Program: educating the future of America – our kids<br /><ul><li>Introduction to Credit and Responsible Use
  7. 7. Introduction to Credit Reports & Scores: How it Affects Your Future
  8. 8. Budgeting
  9. 9. How to Become A Millionaire </li></ul>(2011 Spring Valley Middle School Girls Conference)<br />Smart With Your Money (SWYM) Program<br /><ul><li> Credit Reports & Scores
  10. 10. Managing Credit Card Debt
  11. 11. Managing Personal Finances and Creating A Budget
  12. 12. Teaching Your Children About Money
  13. 13. And more</li></li></ul><li>Seminar Credentials<br />(Just to name a few) <br />Wave of the Future Program<br />Smart With Your Money (SWYM) Program<br />Colleges<br />UCSD<br />Palomar College<br />Mesa College<br />Southwestern College<br />San Diego City College<br />Grossmont College<br />High Schools<br />Torrey Pines High<br />Clairemont High<br />El Camino High<br />Scripps Ranch High<br />Helix High<br />San Diego County Libraries<br />Kearny Mesa/Serra Mesa Library<br />Beckwourth Branch Library (bi-lingual presentations)<br />Mission Hills Library<br />Spring Valley Middle School Girls Conference 2011<br />SDA Security<br />SAY San Diego<br />Orangewood Children’s Foundation<br />“This was the most interesting class today. <br />Best teacher & fun! <br />-Student, Spring Valley Middle School Girls Conference 2011<br />
  14. 14. Wave of the Future<br />Presented by:<br />DebtWave Credit Counseling<br />
  15. 15. Wave of the Future 2011<br />Debit Cards -vs- Credit Cards<br />Can you tell the difference?<br />Credit Cards DO NOT say “debit”<br />Debit Cards say “debit”<br />01/15<br />Credit Cards are NOT linked to your checking account <br />There is a credit limit b/c it’s a loan<br />Both Cards:<br /><ul><li>Same size
  16. 16. 16 digits
  17. 17. Expiration date
  18. 18. Your name
  19. 19. Bank name
  20. 20. Credit card logo (Visa, Mastercard)</li></ul>Debit Cards are linked to your checking account<br />
  21. 21. Wave of the Future 2011<br />The True Cost of CreditDangers of Making the Minimum Payment<br />$5,000 home entertainment system<br />Best Buy credit card (24% VR as of 5/1/10)<br />Make only the minimum payments <br /> (1% of the balance + finance charges or about $150)<br />How long would it take to pay off the balance?<br />What would be the total cost?<br />
  22. 22. Wave of the Future 2011<br />The True Cost of CreditDangers of Making the Minimum Payment<br />285 months, or just over 23 years<br />$9,332.10 in interest, bringing the total cost of the home entertainment system to $14,332<br />How long would it take if we made fixed payments of $150 a month?<br />
  23. 23. Wave of the Future 2011<br />
  24. 24. Wave of the Future 2011<br />Wave of the Future<br />Understanding Credit Reports & Scores<br />
  25. 25. Wave of the Future 2011<br />Credit Scores/Reports<br />Nicole<br /><ul><li>ALWAYS paid her bills on time and typically paid more than the minimum payment due.
  26. 26. Lenders offered her more credit cards at good rates and terms.
  27. 27. Spread balances over several cards.
  28. 28. Her average interest rates were 9.9%.</li></li></ul><li>Wave of the Future 2011<br />Credit Scores/Reports<br />Liz<br /><ul><li>Was sometimes late with paying her bills and frequently paid only the minimum due.
  29. 29. Most of the time she was maxed out on her cards.
  30. 30. Was only able to obtain 2 credit cards.
  31. 31. Her average interest rates </li></ul> were 19.9%.<br />
  32. 32. Wave of the Future 2011<br />Nicole and Liz’s Credit Cards Comparison$8,000<br />NicoleLiz<br />Credit score 750 650<br />Interest rate 9.9% 19.9%<br />Yearly int. costs $792 $1,592<br />Lifetime int. costs $39,600 $79,600<br />Liz’s penalty $40,000<br />
  33. 33. Just a few San Diego County Events<br />Community Events<br />Armed Services YMCA Neighborhood Exchange (2010)<br />City of Refuge 3rd Annual Block Party (2010)<br />Escondido Street Fair (2011)<br />Patrick Henry High School Career Fair for Seniors (2011)<br />University of Phoenix Career and Resource Fair (2010, 2011)<br />Health and Wellness Expos<br />L-3 Communications<br />Robbins Gellar <br />Rady Children’s Hospital<br />San Diego Zoo<br />USS Midway<br />Viejas Casino<br />
  34. 34. The Wedding Party Bridal Show<br />Educational information <br />distributed:<br />212 newsletters<br />212 Our Services brochures<br />212 Budgeting brochures<br />150 wedding budgets<br />
  35. 35. Educational Literature<br />
  36. 36. Smart With Your Money Workbook<br />Education Program Test<br />available at www.debtwave.com<br />
  37. 37. Military Organization Relationships<br />Navy and Marine Corps Relief Society<br />USO San Diego<br /><ul><li>Annual Wave of the Future Golf Classic
  38. 38. Financial Literacy seminars and one-on-one counseling onsite</li></li></ul><li>3rd Annual Wave of the Future Golf Classic<br />Friday, October 29, 2010 <br />Twin Oaks Golf Course, San Marcos, CA <br />•Raised $7,800 for USO San Diego and DebtWave’s free financial literacy programs<br />•Over 90 men, women and active duty members teed off at Twin Oaks Golf Course<br />Graphite Design Swing Analysis <br />USO San Diego Foursome<br />Check presented to<br /> John Dooley, President and CEO of USO San Diego <br />The Macallan Scotch Tent <br />
  39. 39. Facebook & Social Media<br />
  40. 40. 2010 Achievements<br />2010 Community Outreach Department Statistics<br /><ul><li> Exceeded 2010 goals by 66%
  41. 41. 159 seminars/events completed at San Diego County high schools, colleges and business organizations*
  42. 42. 2010 Goal: 85 seminars/events </li></ul>* as of 12/31/10<br />
  43. 43. Testimonials<br /> <br />“Chase provided a financial seminar to our entire company.  The employees loved all of the information that they learned from [the presentation].  [DebtWave] was very informative, knowledgeable and very upbeat for this subject matter.  I highly recommend [DebtWave’s SWYM program].” <br />-Kris Vinluan, Human Resources Manager, SDA Security<br /> “I really appreciated that Wendy from DebtWave was able to speak with my College Success class. She was organized, engaging, informative, professional and funny! I have already told all of my other Counseling instructors about her and look forward to inviting her to my future classes.”<br /> -Patrick OBrien, Counselor, Palomar College<br />“This [budgeting] presentation was very useful because during his first presentation, I was in credit card debt. I learned to make payments on time because if not, there was going to be harsh consequences…” –Student, Mesa College<br />“Wow- this information was mind boggling. I had never heard about most of this stuff. You were funny too. You actually managed to make some really boring stuff interesting!” –Student, Helix High<br />