BetterFi

Imagine a world without predatory payday, title, or flex lending.

BetterFi's mission is to provide equitable financial services and programming as a pathway out of dependence on predatory loans

We want to end predatory lending.

BetterFi is a 501c3 nonprofit and US Department of Treasury-certified Community Development Financial Institution (CDFI) based in Coalmont, TN. In the last month we have opened a physical branch in Chattanooga as we expand our service area to cover Hamilton County.

Our primary activity is the provision of affordable credit as an alternative to and means of escape from predatory payday, title, and flex loans. Our primary credit offerings are:

• ReFi with BetterFi, where individuals who are paying consistently on super-high APR payday, title, or flex loans can refinance those loans at much lower rates with us. Successful clients pay less per month, pay less overall, and benefit from credit reporting.
• Savings + Credit Builder, where individuals who are looking to build their credit score and/or savings can work toward a savings target while benefiting from credit reporting through BetterFi.

We also provide a number of complementary financial programs and services for our clients, including cashflow analysis, financial coaching, and free income tax filing. We are exploring expanding and diversifying our financial programming and credit offerings to more holistically meet the needs of prospective clients.