Redbud Financial Alternatives

Lending for a Brighter Future

Fair Loans. Credit Recovery. Financial Education.

Redbud Financial Alternatives is a certified nonprofit Community Development Financial Institution (CDFI) loan fund and a 501(c)(3) affiliate of the Housing Development Alliance (HDA).

Our Office Has Moved! Come see us at 205 Lovern Street, Suite 104, in downtown Hazard. We're located near the Health Department.

Or give us a call at 606-716-6100!

One of only 4 CDFIs in all of East Kentucky, Redbud Financial Alternatives provides fair loans, develops new financial products based on our community’s needs, and offers financial coaching/education.

Our mission is to help our clients transform their credit from an obstacle to an opportunity.

Financial stability is about more than your credit score – it’s about your life. Whether it’s purchasing a home, advancing your education, or paying monthly bills, you have a goal in mind and we are here to help you reach it!

Redbud provides an alternative to predatory lenders that take advantage of individuals, families, and communities facing hard times. We help our clients:

recover from substantial debt and credit issues arising from high-cost loans,
access the tools to maintain financial stability in the future,
identify your goals and the obstacles you face, and then
develop a plan to overcome those obstacles and build your financial stability.

Redbud also fosters, facilitates, and promotes economic development among underserved populations by building the financial capability of our community members.

Redbud's Products

What We Offer & How We Can Help You

Emergency Loan

High-cost and/or payday loans are one of the most debilitating forms of credit. Our Emergency Loan refinances that debt at an affordable interest rate! This loan will pay off a payday loan and allow you to escape from its "cycle of borrowing." Redbud Emergency Loans are $500 loans paid in $50 monthly installments from your checking account over 12 months. Redbud reports to the credit bureau, so your on-time payments will help build your credit score!
Personal Loan

A Redbud Personal Loan can help you with repairing a car, making a large purchase, taking a meaningful trip, or whatever else it is you are trying to accomplish! In addition, homeowners through Redbud's affiliate, Housing Development Alliance, can access a personal loan to make home repairs. This loan is designed to help you affordably finance needed repairs, keeping both your home and wallet safe.
Debt Consolidation Loan

With this loan, you can escape multiple debts by refinancing them into one affordable monthly payment! Redbud’s Debt Consolidation Loan pays off high-cost credit cards and personal finance loans and refinances the balance into a single payment made monthly. On average, our clients save about $1,250 on interest and fees!
Auto Loan

In East Kentucky, a reliable vehicle can make all the difference! Whether you’re looking to buy a new car or refinance an existing car loan that is charging too much in interest and fees, Redbud’s Auto Loan can help. We provide a free credit review and will help you understand how much you can borrow before you shop for your automobile.

We Also Offer Financial Education!

We offer a FICO Score Open Access Program for Credit & Financial Counseling - you don't even have to be applying for a loan!

Learning how to manage your finances, make informed decisions about borrowing money, and monitoring your credit are all essential to making credit something that works FOR you, not against you.

At Redbud, we offer financial coaching to help you create a strategy for achieving financial stability, setting and reaching financial goals, and building credit.

We conduct individualized educational credit reviews. (Remember: you don't have to be applying for a loan to receive this service!) In this review, we will go through each line of your credit report to identify which financial habits are helping and which are hurting your progress toward your goals.

If you're ready to get started on a path to financial wellness, give us a call at 606-716-6100!

Let Us Help You

If you see a loan or service offered by us that is right for you and your situation, simply:

Call to Set Up An Appointment!

Our loan officers are ready to assist you. Just give us a call at 606-716-6100 today or email us. If you email us or leave a voice message, we will contact you within 1 business day of receiving your message.

Email Us

Our Impact

Fair Loans Originated

$ 0

East Kentuckians Served

Saved for Our Clients

$ 0

“I’ve been working towards getting a home. I’m a single mother of two kids. We all three have always either shared a bedroom or have been in a small 2-bedroom apartment. I would have never got my credit score up and my car payments lowered if it hadn’t been for Redbud helping me refinance my car loan and guiding me with tips to improve my credit. Redbud refinanced my car loan from a 22.9% interest rate down to an interest rate of 6%, saving me $200 a month. They have worked with me and got me in the position of being able to get a home, which is something I never thought I’d be able to do!"

"I would absolutely recommend Redbud! Not only did they provide me with a semi-solution to a much bigger problem, but they also gave me all of these tools to use and all of these different resources to help me make decisions that will get me out of debt the fastest. I would most definitely recommend Redbud to anybody who is going through a rough time financially."

"If someone were to talk to me about having money troubles, I would tell them to go check out Redbud! They helped us so much! It won’t cost you anything to go there and talk to them. Let them go over your finances with you, and they’ll work something out and see how they can help you. Look at it this way: if they can save you money, that’s going to go right back into your pocket!"

"Redbud gave us a loan to consolidate all of our debt except for our student loans. This lowered our debt ratio to below the 17% limit, and we were then eligible for HDA's Homeownership Program! We purchased our new home in March of 2017 and have been overjoyed to raise a family in our forever home."

"When I needed cash for unexpected expenses, I accepted a loan from two online lenders operating under tribal laws. I was paying over $580 a month on these two loans with an APR in the 700% range! Redbud was able to make me a $1,700 loan to pay off both of these predatory loans, saving me $500 a month in interest and fees."

"I work at Lowe’s in Hazard and was purchasing a used car that would have been financed through a high-cost lender. Redbud gave me one of its first 'Cars to Work' Auto Loans - a $6,557 loan, saving me over $2,300 in interest plus the high fees that I would have been charged!"

James Caudill, Managing Director
Office: 606-716-6100, ext. 104

Timothy Baker, Director of Lending
Office: 606-716-6100, ext. 103

Joy Howard, Credit Counselor
Office: 606-716-6100, ext. 102

Celebrate 30 Years of HDA!

Redbud Financial Alternatives

Lending for a Brighter Future

Fair Loans. Credit Recovery. Financial Education.

Redbud Financial Alternatives is a certified nonprofit Community Development Financial Institution (CDFI) loan fund and a 501(c)(3) affiliate of the Housing Development Alliance (HDA).

Or give us a call at 606-716-6100!

Where We Serve

Redbud's Products

What We Offer & How We Can Help You

Emergency Loan

Personal Loan

Debt Consolidation Loan

Auto Loan

We Also Offer Financial Education!

Let Us Help You

Call to Set Up An Appointment!

Our Impact

Want to know more about how to decide if borrowing money is the right move for you right now? Contact the Redbud team!

Our Location

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