#stopthedebttrap
We’ve had more than 2,000 families complete a pre-application to buy a home through Habitat Wake in the past two years. Only about 10% of those families will eventually be approved for homeownership through Habitat and the biggest culprit in preventing approval is a poor credit history.
Predatory lending products are a big part of that debt trap that many families find themselves in and that trap prevents families from taking advantage of the wealth-building that homeownership provides.