Section Highlights

NeighborWorks Financial Capability Program

Webinar Series with CFED


Innovations in Paying Down Debt:
Lessons from Borrow Less Tomorrow (BoLT)

Tuesday, January 17, 2012, 1:00 – 2:00 PM EST
Presented by CFED and NeighborWorks America

More than 360 attendees joined us for a discussion of the Borrow Less Tomorrow (BoLT) Program, a behavioral approach to helping low- and middle-income individuals and families pay down expensive debt. Using principles of behavioral economics, the BoLT Program helps consumers devise a repayment schedule and incorporates the use of peer support and reminders so that consumers both successfully pay down their debt and improve their credit scores. Developed by Innovations for Poverty Action (IPA), the BoLT Program has been implemented through several organizations including Encore Capital Group. Presenters discussed the implementation and results of the program.

Presenters included:

Jonathan Zinman, Associate Professor of Economics, Dartmouth College
and Academic Director, U.S. Household Finance Initiative, IPA
Christopher Trepel, Senior Vice President, Corporate Affairs and Chief Scientific Officer, Encore Capital Group
Brian Enneking, Vice President, Consumer Marketing, Encore Capital Group

This webinar was moderated by Genevieve Melford, Director of Research, CFED. Presentations were followed by a Q&A session.

Webinar Materials

About CFED
CFED expands economic opportunity by helping Americans start and grow businesses, go to college, own a home and save for their children’s and own economic futures. We identify promising ideas, test and refine them in communities to find out what works, craft policies and products to help good ideas reach scale, and develop partnerships to promote lasting change. We bring together community practice, public policy and private markets in new and effective ways to achieve greater economic impact.

Established in 1979 as the Corporation for Enterprise Development, CFED works nationally and internationally through its offices in Washington, DC; Durham, North Carolina; and San Francisco, California.

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