At one time, James and Kathy had been living a quiet
rural life. They were both employed
full-time and were building a new home for their family.
James was able to build the home himself, and
spent two years working on it. As he
neared the end of construction, he fell from the roof on a rainy day
and
injured his back. Because he could not
work, he lost his job as a lead welder, which he had held for 17 years. James and Kathy had not insured their new home
against this kind of tragedy. They lost
the home, their two cars, the trailer they were living in while the
house was
under construction, and faced bankruptcy.
After losing everything, they had nowhere to turn.
They had just enough money left to move into
a rented trailer with their five children.
In
August 2001, they applied and were approved for rental
assistance through the Housing Choice Voucher program at WCCA. Over the next three years, they gradually
increased their income--Kathy worked from home as a medical
transcriptionist
and James was approved for Social Security disability benefits. They began to dream again of owning their own
home. In March 2003, they enrolled in
WCCA’s matched savings program, SavingsPlus.
They faithfully saved money and attended money management
workshops, focused
on budgeting, set-aside accounts, and credit repair.
They also worked diligently with Consumer
Credit Counseling to improve their credit rating. Within
one year, James and Kathy had saved
$2,000!!! With WCCA’s match of $3,000
and a generous $1,000 gift from First Citizens Bank, James and Kathy
had enough
money for a downpayment on a new home!
In reflection, Kathy said, “The biggest thing to me is not so much the money we got, but the education that saved us the most money.” They also admit that it took a lot of work to save money and repair their credit; however, James believes “anybody can have what they want if they want it bad enough.”
“Thank you for making our
dreams come
true!”
Thanks
to our
community partners--- CCCS, Earle Insurance, First Citizens Bank,
Housing
Assistance Corp., N.C. Extension Service, RBC Centura, WCCA staff---who
helped
make James and Kathy’s dream come true!