12 Companies And Nonprofits That Are Dedicated To Helping People Out Financially

    Yup, they exist.

    Toss a stone in any direction in the interwebs, and you'll find a scourge of money management apps, financial platforms, and startups in the fintech space that can help you shore up an emergency fund, dig out of a debt hole, and repair your credit.

    Often, these tools might come with a price — either there's a subscription fee or you're offering your data, which can be used to peddle offers your way.

    While not all these organizations are nonprofits, here are 12 groups that can help you tackle your money goals:

    1. Save Money: SaverLife

    2. Save Money: Save to Win

    Get rewarded for being responsible when you sign up for a #SaveToWin savings account. Every $25 saved will get you closer to #winning up to $5,000 in select states! Find a participating credit union near you and sign up today.

    Shutterstock / Via Twitter: @savetowin

    If you're a member of a credit union, Save to Win is a savings account that makes it fun to save. How? By offering cash prizes. Here's how it works: You open a Save to Win savings account. And each time you save $25, you're entered to win one of 150 monthly prizes of $25. You can win up to $5,000. These drawings happen four times a year.

    So the more you save, the more chances you have to score a cash prize. And like any other deposit account with a credit union, your money is backed up with insurance and does earn a bit of interest.

    3. Save Money: Yotta

    4. Build Credit: Accion

    5. Build Credit: Oportun

    Facebook: oportun / Oportun youtube.com

    If you're in need of some financing but have a thin credit file, no credit history whatsoever, or a low credit score, look toward Oportun. It's a financing platform that is dedicated to helping you establish credit. You can either get a personal loan between $300 to $10,000 or a credit card with a credit limit between $300 to $1,000. While the interest rates are on the high end, Oportun will work with you on a payment term that works with your budget and situation. 

    Note: Oportun is a for-profit company; there will be a hard pull on your credit, and you will have to pay interest fees, but it's an option to consider if you're trying to stay away from the pawn shop or payday loans.

    6. Financial Inclusion for All: Operation HOPE

    7. Build Credit: Mission Asset Fund

    8. Get a Line of Credit: Elastic

    Throughout the pandemic, we listened to our customers as they requested greater financial flexibility. As a result, we announced that we will offer payment assistance tools permanently to help non-prime consumers achieve financial wellness. https://t.co/uCbseRetbE

    Twitter: @ElevateCorp

    If you need a line of credit, you can tap into a credit line from the lending platform Elastic. Elastic is one of the brands created by Elevate, a company that serves Americans with non-prime credit scores (think: FICO score of 700 or under) and little or no savings. Lines of credit can be anywhere from $500 to $4,500. While there's no interest fee, if you request a cash advance, there's a fee of anywhere from 5% to 10% taken out and additional fees for carrying a balance month to month. Though the fees can add up, Elastic can still be a better option than traditional payday loans — especially if you're able to pay off the balance quickly.

    Besides there being no interest fee, Elastic will report your payments to the credit bureaus, which can bump up your score. Plus, if you aren't able to pay off your line of credit balance within 10 months, a cooling-off period kicks in. What this means is you won't be able to request any cash advances until you've hit a zero balance for 20 days straight to protect your credit.

    9. Get Educated: CFPB's Resources for Spanish Speakers

    Tenemos información actualizada y recursos para que se proteja y maneje sus finanzas en estos tiempos difíciles. https://t.co/l0YbWpoxCb

    Twitter: @CFPBespanol / Shutterstock

    If you're more fluent and comfortable communicating in Spanish, then you'll want to check out the Consumer Financial Protection Bureau (CFPB)'s resources for Spanish speakers. The CFPB has long had your financial back, and on their site you'll find educational resources for buying a home, how to read your credit report, to comparing auto loan offers, all en español. There's also a Spanish glossary of financial terms that's super handy and bookmark worthy.

    10. Get Your Financial Literacy On: Zogo Finance

    11. File Bankruptcy: Upsolve

    12. Crush Debt: National Foundation of Credit Counseling (NFCC)

    More than half (51%) of credit card holders have increased their credit balance as a consequence of the COVID-19 pandemic. https://t.co/TavzHUmCf4 #nfcc #creditcounseling #inflation #debt #creditcards #interestrates

    Twitter: @NFCC

    If you're looking for a way to tackle your mounting debt load, look for a nonprofit credit counseling agency. While there might be a small fee, these organizations have your best interests at heart. Of course, you'll want to read up on reviews of a specific company, but chances are you'll find them to be super helpful and charge a reasonable fee. You can check out a list of such nonprofits through the National Foundation of Credit Counseling (NFCC).

    Do you know of any other groups that help people get control of their finances? Give them a shoutout in the comments!

    And for more stories about life and money, check out the rest of our personal finance posts