Freedom through Financial Wellness

Working together to break free of the cycle of debt and learn how to better manage finances.

Community Services

We provide care and create hope for people across our 38-county service area by offering:

Contacts:

Hispanic Resource Coordinator
Ilsi Palacios
573-658-0642
ipalacios@cccnmo.org

HUD-Certified Housing Counselor
Paige Orscheln
573-469-3072
porscheln@cccnmo.org

Financial Stability Specialist
Kathy Frese, CPA
573-658-0133
kfrese@cccnmo.org

Mobile Resource Coordinator
John Doyle
573-658-0087
jdoyle@cccnmo.org

What is Financial Wellness?

Catholic Charities of Central and Northern Missouri is now enrolling families in the Financial Wellness program. Our research suggests individuals are in a place of “financial well-being” when they:

  • Have control over their day-to-day and month-to-month finances
  • Have the ability to absorb financial shock (or emergencies that cause financial strain)
  • Are on track to reach the financial goals they have set for themselves
  • Have the financial freedom to make choices that allow them to truly enjoy their lives

Research and experience tell us that in addition to a knowledge component, financial literacy has an action component: the ability or skills to put financial knowledge to use. 

Knowing this, in order to achieve financial wellness, a mixture of both knowledge and practice can help individuals:

  • Find reliable information to make financial decisions
  • Execute financial decisions, adapting as needed to stay on track with financial goals

How predatory lending impacts financial wellness

Predatory loans can perpetuate a cycle of financial strain, as they often include terms that are unfair or deceptive. Telling signs of a predatory lender include aggressive solicitations, excessive borrowing costs, high prepayment penalties, and being encouraged to consistently flip loans.

As part of the Financial Wellness program, CCCNMO, in conjunction with a community banking partner, is now offering predatory lending refinance program for payday and title loans. 

This program issues participants a new, low-interest loan in order to pay off the high-interest title or payday loan balances. Eligibility and program requirements include: 

  • The total amount of Payday or Title loans must not exceed  $2,700
  • Clients must have stable, traceable income 
  • Client budgets must reflect the ability to make monthly loan payments 
  • Clients agree to monthly case management for the duration of the loan 
  • Attendance of financial education courses is mandatory

Do you ever feel overwhelmed by your finances?

Through the Financial Wellness Program with Catholic Charities of Central and Northern Missouri, you can receive:

  • Individualized Budget Coaching
  • Financial Education instruction with personal and educational incentives upon completion
  • Counseling to set and reach your financial goals
  • Referrals to other valuable community support resources

If you're ready to find freedom through Financial Wellness, you can contact us today to set up a meeting with our Financial Stability Specialist, Kathy Frese.

Catholic Charities of Central and Northern Missouri

Agency Phone:
573-635-7719

JEFFERSON CITY
1015 Edmonds Street
Jefferson City, MO 65109

COLUMBIA
1240 E. Brown School Rd.
Columbia, MO 65202

SEDALIA
421 West 3rd Street
Sedalia, Missouri 65301

Mailing Address
Catholic Charities of Central and Nothern Missouri
P.O. Box 104626
Jefferson City, MO 65110

Diocese of Jefferson City
Chancery Offices
2207 West Main Street
Jefferson City, MO 65109
Phone: (573) 635-9127
diojeffcity.org