How Dana finished college and recovered from bankruptcy

Posted July 20, 2020 in Dream Makers in Action

A single mother of two boys, Dana had put off completing her college degree due to various life events and was working to reestablish her credit after a bankruptcy when she connected with Genevieve in our La Jolla branch. She’d only been a member for six months and wondered if there was any way we could help. That day changed her family’s life.

Dana was thrilled to walk away from that first meeting with the money she needed to finish school, but Genevieve knew we could do more. So, she did some research and mapped out a plan for Dana to save money by refinancing the higher interest car loan from her bankruptcy, and rebuild her credit with a low limit BluPeak Credit Union credit card. Dana stuck to the plan and over time saw her credit rating go up almost 150 points!

But there’s more. With her financial life back on track, Dana again turned to Genevieve when she was ready to purchase her dream car. It was a goal she’d placed on her vision board a year earlier – a reward for completing her degree and doing the hard work to improve her credit. Genevieve came through for her once again, this time with a quick preapproval that enabled Dana to purchase her car that same day, with additional savings. Officially part of the graduating class of 2020, Dana is now looking forward to partnering with Genevieve on her next goal: buying her first home for her boys!

You Might Also Be Interested In

How Terry gained peace of mind and avoided double paying a bill…

Terry wrote a check to a business for close to $1,000 and watched her account closely so she would know when it cleared her account. When the business told her the check had been processed by their financial institution, but she saw the funds hadn’t actually been withdrawn from her account, she turned to Deanna who works in our La Mesa branch for help and advice. Should she write out another check to send to the company just to be safe, or wait and see? Read More

How the Hoyo Family Tackled COVID-19

Virtually everyone has been impacted in some way by the coronavirus/COVID-19 pandemic, but few have been affected as extensively as the Hoyo family – Erik, his wife Laura, three of their four children, and Laura’s mother all contracted the illness. Read More

How Karen and Steven were able to manage the costs of grandparent parenthood

It was great news for Karen and Steven when they were given full guardianship/stewardship of their four and six-year-old grandchildren, but becoming parents a second time around wasn’t in their original financial plan. As members of BluPeak Credit Union for 34 years, they knew that Michele in our Member Service Center would know how to help them explore their options. Read More