Los Angeles County

Center for Financial Empowerment

The Los Angeles County Board of Supervisors established the Center for Financial Empowerment to connect low and moderate income County residents with services and resources to help them make effective money management decisions. These services include access to safe and affordable financial products, one-on-one financial counseling, asset building, debt reduction, tax filing assistance, and credit repair. The Center for Financial Empowerment works closely with government agencies, non-profit organizations, social enterprises, schools and universities to bring these resources together in a single place.

The Los Angeles County Board of Supervisors established the Center for Financial Empowerment to connect the public with services and resources to help make effective money management decisions.

The Center of Financial Empowerment offers financial literacy training to graduating high school seniors whose parents have active CalWORKs cases through DPSS’ Cash for Grads program.  Through this training, high school seniors can learn the skills and information to become consumer-savvy adults.  The program teaches students how to save and manage money, use credit cards responsibly, rent an apartment and more.  Eligible students receive a letter from DPSS and can sign up below.

The Center for Financial Empowerment offers free tax assistance. These tax preparation assistance programs help low to moderate income individuals and families to file their tax returns at no cost. Contact DCBA to find out what tax credits individuals may qualify for such as the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).

1

FINANCIAL EDUCATION

Participate in one or more workshops to learn about safe and affordable financial products (checking and savings accounts), saving, managing credit, reducing debt, and more.

2

FINANCIAL COACHING

Meet regularly one-on-one with a financial coach to help you establish and work to meet financial goals. A financial coach will help guide, support, and motivate you to achieve long-term positive financial outcomes.

3

SAFE & AFFORDABLE FINANCIAL PRODUCTS

Get guidance on transitioning from high-cost alternative financial providers such as check cashers and payday lenders to low-cost and low-risk financial services. This can include opening a checking and savings accounts.