Trucking Toward Greater Prosperity

Otha Oneal, a Drew, Mississippi resident and long-time HOPE member reached out to HOPE about refinancing his truck loan. Previously, after encountering difficulty obtaining financing from another lender, he agreed to a high-cost loan from the dealer. Since that time, in addition to paying the truck note, he also retired several other outstanding debt obligations, making it easy for HOPE to approve his request. The financial relief for Mr. Oneal was immediate, as the HOPE loan lowered his interest rate from 20% to 4.5%, and put him on track to pay for his truck two years earlier than before.