The Purpose Money Financial Guide For Spanish-Speaking Audiences

Since 2000, the Hispanic population in the United States has increased by nearly thirty percent (30%). Studies show that despite an increase in banking relationships in recent years, Hispanic families are less likely than other ethnic groups to have a bank account or credit history. The Purpose Money Financial Guide explains the power of credit in the U.S. and how Hispanic consumers can build or rebuild a positive credit history to help open the doors to financial well-being. In addition to providing guidelines on how to establish credit, the Purpose Money Financial Guide provides a resource tool to guide Latinos at every stage of their financial lifecycle.

“We created the Purpose Money Financial Guide to empower Spanish-speaking audiences with fundamental financial tools to manage their money in the United States,” stated Ana Sanchez, Hispanic Marketing Director of Purpose Money. She added, “Our intention is to help open the doors to financial well-being among Latinos through knowledge of how the financial system operates in the U.S., and the benefits of reliable, safe, and informed usage of credit.”

The Purpose Money Financial Guide is comprised of fundamental financial information such as the importance of paying bills on time, financial concepts and terminology, the benefits of having a bank account, the different types of savings accounts, how consumer’s deposits are protected in U.S. financial institutions, and understanding and building good credit. In addition to these resources, the Purpose Money Financial Guide provides worksheets for money management, and offers tips on how to get the best consumer loan rates for a house or vehicle purchase.

Purpose Money helps consumers apply for and obtain products and services from financial institutions, including credit cards, credit monitoring services, auto loans, auto insurance and cash loans among others. For more information about Purpose Money, visit http://www.PurposeMoney.com. For Purpose Money's Spanish-language website, visit http://www.PurposeMoneyEspanol.com .