Friday, December 08, 2006

Affordable Cars for Exeter Area Citizens

FOR IMMEDIATE RELEASE
November 26, 2006

MEDIA CONTACT:
David Dubinsky (603) 667-6504
DavidDubinsky@BonnieCLAC.org

Bonnie CLAC (Car Loans and Counseling) and Wentworth Trust Make the Ownership of Cars More Available and Affordable for People of Low to Moderate Income in Exeter

Exeter, New Hampshire: Bonnie CLAC (Car Loans and Counseling) and Wentworth Trust announced that they have teamed up to make the ownership of cars more affordable for people of low-to-moderate income in Exeter, New Hampshire and the surrounding community. St. Michaels Parish and the Exeter Adult Education have agreed to contribute space for this invaluable service.

A New Hampshire-based nonprofit organization, Bonnie CLAC helps individuals to purchase fuel efficient, new cars and guarantees loans to gain a very low interest rate for our clients. Bonnie CLAC teaches a financial literacy course which helps individuals understand their credit and learn to manage their expenses.

"I thought that I would never get back on my feet. The bills kept piling up and suddenly I found myself without a car. Contacting Bonnie CLAC was the best thing that I have ever done! Not only did they help me to get my brand new car, they counseled me on my finances and taught me how to clean up my credit report. I am forever indebted to them!" -- Aimee, New Honda Civic DX, 2005.

“Bonnie CLAC’s program enhances and promotes community development by targeting several obstacles that financially challenged people have historically faced: transportation obstacles, credit issues, and poor financial management skills,” said Robert Chambers, president and founder, Bonnie CLAC. “As part of the car-purchasing process, Bonnie CLAC teaches our clients to become more financially stable, while also helping them understand and improve their credit scores. Many former Bonnie CLAC clients have gone on to obtain better paying jobs as a result of graduating from our program; others have moved on to make their first home purchase — a dream many once thought impossible.”

The George A. Wentworth Trust was established to address the needs of “worthy and needy women” in Exeter, Brookfield and Wakefield. “This is a perfect partnership since seventy-three percent of Bonnie CLAC’s clients are women,” said David Dubinsky, Director of Marketing. “The $20,000 grant will allow Bonnie CLAC to provide this invaluable service to our community,” said Linda Jones, Trustee, Wentworth Trust.

Bonnie CLAC has received support from the Community Development Finance Authority, New Hampshire Charitable Foundation, The Women’s Fund of New Hampshire, Ocean National Bank, Northeast Credit Union and the Great Bay Foundation as well as many automobile donors and individual contributors.

About Bonnie CLAC
Bonnie CLAC (Car Loans and Counseling) is a nonprofit organization created to make the ownership of cars more available and more affordable for people of low to moderate income. Founded in 2001, Bonnie CLAC is a 501(c)(3) non profit organization. Bonnie CLAC currently has offices in Lebanon, Keene, Manchester and Portsmouth, New Hampshire. It is serving clients in New Hampshire, Vermont and Maine. For more information, please contact Bonnie CLAC at 866-455-CLAC or www.BonnieCLAC.org.

About Wentworth Trust
The George A. Wentworth Trust was established by the will of George A. Wentworth to address the needs of “worthy and needy women” in Exeter, Brookfield and Wakefield. The trust provides support to low and moderate income women.

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