ULTRAFICO- A New Credit Scoring Model

Easter Seals Greater Houston is proud to offer our housing, financial literacy and down payment assistance programs. hoyo-staff-and-family-close-up                                                           The program has closed on over 120 houses in the past ten year with no defaults ever.  Our staff pride themselves on their knowledge, educational programs, THRIVE access, their ability to tap into city/county funds and resulting success rates. Information that affects your FICO score is always important and Katy Thorstenberg, Program Coordinator with the Easter Seals Greater Houston Financial Literacy and Housing Initiative,  gets the method behind the madness as she explains here.

Move over, old FICO – there is a new credit-scoring model in town. ULTRAFICO is being rolled out and will soon be an option for lenders to use in assessing credit risk of their would-be borrowers. After reading through the changes and trying to figure out the ‘this affects-me how’ piece, one revision pops out.  With the consumer’s consent, the ULTRAFICO model would allow the lender to actually take a one-time peak into the applicant’s bank accounts.  The lender would be able to see how you manage your cash flow; i.e., do you maintain a comfortable balance in your accounts, or do you show a periodic bouncing of checks or overdrafts?

If you have established a history of responsible cash management over time, you will benefit from higher scores.  If you don’t, you won’t.  You might ask if ULTRAFICO will be a game changer when it comes to world of credit/lending.  After all, the present FICO scores already reflect how you pay your bills – on time – late, or never – and are scored accordingly.  The answer is not a big boost to many of us who have been around awhile building a credit history through loans, credit cards and general living.  However, to those who have not yet enjoyed credit card spending and taking on an assortment of loans from personal to car to lines of credit, ULTRAFICO may add points to those individuals, dubbed “credit invisibles”, now another name for millennials. In a CBS news  report by David Shellenberger, senior director of credit scores and predictive analysis at FICO cited “40% of applicants would see an upward shift of 20 points or more in their credit score”.  Of course, scores might track downward as well.  Invisible or not, at the end of the day, you just cannot get away from the fact that DEBT and how you manage it matters.

Written by Kathy Thorstenberg, Program Coordinator of Easter Seals Greater Houston Financial Literacy and Housing Initiative

Leave a comment

Filed under Latest News

Every Journey Begins with a First Step

Getting their first job is one of the biggest steps young persons make in their journey to adulthood. Recently, four young persons with disabilities made this step with the assistance of the Transition and Employment program at Easter Seals Greater Houston. Jason, Christopher, George, and Helmer came to Easter Seals Greater Houston by different paths, but they were all looking for the same thing, help with that big step toward employment and independence. HSHT MID 2017-05

Their paths to employment were different; George found a job two days after our Transition Program staff met him, the others took several weeks to several months to find the right fit in a job. Along the way they all found out what they are capable of doing and how hard they are willing to work to be successful. Their employers – Kroger, What-a-Burger, Dollar Tree and Food Town all report that they are very happy with their new employees. George even has customers asking for him when they shop at his store. Helmer’s employer is asking us if we have more people like him for them to hire.

All of us have had our first job. Some of those jobs we remember fondly, others not so fondly. But, we all learned valuable lessons that we carried with us to our next jobs. These four are learning those lessons now and will use that knowledge to continue to grow as they move forward in their careers.

Every journey begins with a first step. The Easter Seals Transition and Employment program can help make those steps lead to meaningful growth and a bright future.

Robert Williams, Director, Transition Program, Easter Seals Greater Houston

Leave a comment

Filed under Latest News

Celebrating NDEAM – National Disability Employment Awareness Month

David Wright is a recent graduate of Stephen F. Austin High School in Sugar Land where he was in our Easter Seals Houston High School High Tech / RAMP (Ready to Achieve Mentoring) program since his freshman year. David has been interested in becoming a herpetologist for a long time and knows A LOT about it. Freshman year it was hard for our staff to keep him on track because he always wanted to talk about lizards, snakes, and reptiles. We literally couldn’t get him to talk about anything else! Through the years David got better about this, was more open to participating in what the class was doing and it was obvious he was starting to pick up on the importance of our mentoring and lessons about social cues and soft skills and more. Jacquelyn Privatera Miller went with him to his interview for the internship at the Houston Museum of Natural Science at Sugar Land and he was SO professional, acted like a well prepared young adult and dressed himself so well for the interview. Everyone was really impressed. David is thriving in this environment and has opened up more and can have great conversations with people including his new co-workers. He even hugs Jacquie now when he sees her, which he would never ever have done before. So really he has just grown and matured so much in the last few years and is doing a really impressive job at his internship!  Help us congratulate David  as he is enjoying his 20 hours/week internship AND is also enrolled at Wharton Community College! Huge thanks to the museum and the museum staff for making it a life changing experience for David!

High School/High Tech is a community-based partnership of parents, educators, rehabilitation professionals and business representatives working together to encourage students with disabilities to explore the fields of science, engineering and technology. Only 56% of students with disabilities graduate from high school. High School/High Tech was developed to address this situation. Most individuals with disabilities have not had the encouragement, role models, access and stimulation to pursue challenging technical careers or courses of study. Through High School/High Tech, students with disabilities are presented a mix of learning experiences that promote career exploration and broaden educational horizons. High School/High Tech also offers a mentoring program called RAMP – Ready to Achieve Mentor Program. Learn more about High School/High Tech.

Jacquelyn Miller, Easter Seals Greater Houston, High School High Tech / RAMP

Leave a comment

Filed under Latest News

Days Of Caring

On Friday September 28th, ExxonMobil and Easter Seals Greater Houston Adult Services Program went on field trip to the Houston Zoo together as part of the United Way Greater Houston Day of Caring. We really couldn’t have asked for a better day as the weather was perfect, the animals were active and the friendships were forming. About twenty-five ExxonMobil employees volunteered as buddies to walk through the zoo with adults with disabilities from the Adult Services Program. Split up into groups of 5 participants with 5 ExxonMobil volunteers, they were off to explore. Following the one-mile trail, noted on the zoo map, the groups stopped to see all the animals that the Houston Zoo has to offer. Many of our adults said while they loved watching the elephants play and dunk each other in the water during bath time, they were also excited about meeting new people.  We were so delighted that ExxonMobil asked to attend the zoo outing with us. This outing would not have been successful without their planning and organizing help, as well as their hands-on participation.

The main focus of the program is to provide adults with disabilities with a safe environment to socialize, participate in activities and explore life-long personal growth. Community outings with organizations like ExxonMobil are important contributors to improving quality of life, social skills, fitness and so much more for our clients. If your organization is interested in planning an outing with our program, please contact Ashley Nichols at anichols@eastersealshouston.org. And like XOM – if you have matching funds for your staff volunteers hours it is 2 times the support! And 2 times the fun!

Thanks again ExxonMobil and United Way!

Ashley Nichols, Easter Seals Greater Houston, Adult Services

 

Leave a comment

Filed under Latest News

Partnership, Encouragement, Progress

ECI mont co blog pic 1The following post was written by the parent of an Early Childhood Intervention Infant Program client.

After receiving the news from Matthew’s pediatrician to seek services with Early Childhood Intervention I was heartbroken. This was a second opinion and I felt like I failed. The first time we did not qualify, but luckily the second time he did. We began receiving services and were paired up with Ms. Perla, one of Easter Seals Greater Houston’s wonderful Early Intervention Specialists. Matthew began improving slowly. Speech was getting better and better. Matthew was learning new signs and ways to express his needs. As time went on I also began to learn more. I was able to give more insight to Ms. Perla and we considered him on target and exceeding his vocabulary goals. However, during this time we began to notice he was having sensory problems. With the help of Easter Seals Greater Houston’s ECI team we were able to make new goals for Matthew at our re-evaluation and began working towards them.

These new and emerging issues at hand were stressful. I have had days where I was a complete mess, unsure if I could follow through and handle this new test. Ms. Perla would send me comforting messages and encourage me as a parent with ZERO JUDGEMENT! So many “give up” or “give in” but she still supported me. I work hard every day. I take notes so I can focus on what’s the best for my son. Thanks to ECI I have been able to be a better parent and help my son learn and develop. I have learned more ways to work through certain situations, different ideas to try, what triggers something, how to react, what am I doing that may be making it worse, what to look for before it happens with someone else, and so much more!!!

ECI mont co blog pic 2If it wasn’t for Easter Seals Greater Houston ECI Infant Program we would be way further behind than we are now. In the beginning I was upset, scared, unsure, and in denial. Now, I am so happy to have Easter Seals helping my son and myself. Many people deserve to have access to and assistance from this amazing program. I know as we continue down the road my son will have a much more successful life due to them. Many thanks to the Easter Seals Greater Houston ECI Infant Program team, especially Ms. Perla who my son and I love so very much!!!

I am forever grateful!

Danielle, Early Childhood Intervention Infant Program parent, Easter Seals Greater Houston 

Easter Seals Greater Houston’s Early Childhood Intervention Infant Program has expanded and is now available in 12 counties. If you have concerns or questions about your child’s development, please call 713.838.9050, ext. 385 and request a free developmental assessment.

Leave a comment

Filed under Latest News

Helping the Whole Family

The following was written by a family receiving Early Childhood Intervention Infant Program services from Easter Seals Greater Houston’s Fort Bend office.

ECI Ft Bend pic

My Keyla was very stiff in her body when we started with Easter Seals Greater Houston’s Early Childhood Intervention (ECI) Infant Program. She was refusing puree and solid foods by mouth. She would not take any liquid by mouth. It was hard for me to imagine her being able to eat, sit, crawl, stand or talk on her own. Our ECI therapists have worked very hard to help me learn how to help Keyla. I am so happy to say that she is now eating solids, finger feeding herself bite sized pieces of food, eating a variety of table foods and drinking liquids from a straw. She even speaks a few words now! She is sitting by herself and recently began to crawl on hands and knees. It makes me happy to see her behind me all, following me everywhere around the house. Thank you ECI for helping us help Keyla.

The Buritica Family, Early Childhood Intervention Infant Program, Easter Seals Greater Houston

Easter Seals Greater Houston’s Early Childhood Intervention Infant Program has expanded and is now available in 12 counties. If you have concerns or questions about your child’s development, please call 713.838.9050, ext. 385 and request a free developmental assessment.

Leave a comment

Filed under Latest News

Harvey Recovery Report

Harvey Recovery Eblast Banner

How has our community recovered since Hurricane Harvey took lives, homes, peace of mind, and more? We reflect back on all that we have overcome together in our Hurricane Harvey Recovery Report.

Thank you to our community for your support and effort!

Contact us for services or more information
Harvey@eastersealshouston.org
713-838-9050
www.eastersealshouston.org

Help our ongoing relief efforts continue to reach more Houstonians impacted by Hurricane Harvey by giving today. Donate here.

Leave a comment

Filed under Latest News