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First Baptist Church Of Lincoln Gardens, RCDCU Team Up To Offer Auto Loan Refinancing

The Renaissance Community Development Credit Union (RCDCU) and the First Baptist Church of Lincoln Gardens (FBCLG) have teamed up to offer an auto loan “Refinance and Save” program.

According to a press release about the program, it is “designed to encourage borrowers to take advantage of lower interest rates, which will result in lower monthly auto payments.  Financing will be provided to those who qualify.”

The promotion will run from March 1, 2014, through April 30, 2014, according to the release. Credit union loan specialists will be on site at First Baptist Church of Lincoln Gardens, 771 Somerset Street, Somerset, on the following Sundays after the 7 a.m., 9 a.m. and 11 a.m. worship services: March 2, March 9, and March 16.

This promotion is part of the First Baptist Church of Lincoln Gardens “dfree” progam, according to the release.

“The primary goal of dfree is to eliminate all debt, delinquencies and deficits resulting in healthy, comfortable living,” according to the release. “We have learned that too many people are paying for cars with unacceptably high interest rates,” the Rev. Dr. DeForest B. Soaries, Jr., author of dfree: Breaking Free From Financial Slavery and creator of the “dfree” strategy, said in the release. “One of our church members saved $400 a month by refinancing his car during the previous offering of this promotion. We are grateful to RCDCU for their partnership and efforts.”

The promotion is available for new loans only; existing RCDCU auto loans do not qualify, according to the release. Special “dfree” credit repair sessions will be provided for those who do not qualify for the promotion.  For more information on the Renaissance Community Development Credit Union, visit www.renaissancecdcu.com.

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