|  PO BOX 41793  Nashville, TN 37204

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  • I live in Metropolitan Nashville/Davidson County.

  • I have payday loan debt.

  • I have a payday loan with a payoff that is under $1,000.

  • I’ve had the loan for more than 30 days.

  • I have a steady income.*

You must meet all five criteria to qualify. 

*this can be earned at a job or consistent unearned income, such as social security, pension, etc.

Do I Qualify?

EmpowerCredit provides loans of under $1,000 related to the following needs: housing, education, paying off existing payday and title loans, medical expenses, and expungement fees. At this time, we are only making loans of up to $500.  

How It Works

You will meet with a staff member to review and/or to complete your loan application and agreement. During that meeting, you and the staff member will review your need for the loan and your household budget and will determine the amount of your payments, the frequency of your payments (based on your pay frequency), and the term length of your loan. The staff member will notify you within three to five business days with a decision about your loan application. The staff member may check your references and status before approving your loan. 

Clients who have or who open a checking account with a bank or credit union are eligible for a discount of .25% on the interest rate. 

All funds and interest paid are used to fund loans for other clients. 

If approved for a loan, you will have two options:

Option A*

You will attend and complete an approved finance class in exchange for an interest rate of only 3.25% on my loan. Upon completion of the class, you will receive a $50 gift card.  If the loan is paid with no more than one late payment during the time period in the loan agreement, you will receive a second $50 gift card.  

Option B*

You will not attend a finance class and agree to a 7.5% interest rate on my loan. If the loan is paid with no more than one late payment during the time period in the loan agreement, you will receive a $50 gift card. 

*We reserve the right to require a finance class if, based on our determination, it is in the best interest of the client.