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Katrina Boyer emphasizes local support for individuals facing financial crises

October 23, 2024 | Banking & Securities, CONSUMER PROTECTION AND REGULATION, Executive Departments, Organizations, Executive, Pennsylvania


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Katrina Boyer emphasizes local support for individuals facing financial crises
Residents facing financial difficulties in Pennsylvania have new resources at their disposal, thanks to insights shared during the recent "Moms on the Money Trail" session. The meeting emphasized the importance of early intervention when encountering financial trouble, particularly for those struggling to meet mortgage payments.

Katrina Boyer, a key speaker at the session, urged attendees to reach out to nonprofit and religious organizations as soon as they recognize financial challenges. She highlighted that contacting lenders proactively can significantly improve the chances of receiving assistance. "Never hide from the emergency," Boyer advised, stressing that open communication with lenders can lead to manageable solutions rather than resorting to high-cost loans.

Participants were informed about the 211 helpline, a valuable resource that connects individuals with local agencies offering financial assistance. By dialing 211, callers can access operators who provide referrals to community resources tailored to their needs. Additionally, Boyer encouraged attendees to utilize online tools, such as HUD's website, which offers guidance for both prospective homebuyers and those facing financial hardships.

The session concluded with a reminder of the importance of seeking help early and utilizing available resources to navigate financial challenges effectively. As Pennsylvania residents continue to face economic pressures, these discussions serve as a crucial reminder of the support systems in place to assist them.

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This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

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