University of Minnesota employees and their families can access services with Financial Choice, an enhanced level of service from LSS Financial Counseling, the largest provider of full-service, community-based financial counseling and financial education in Minnesota.
Get started. Take charge of your financial future.
With the right tools and guidelines, you can take charge of your finances. With Financial Choice, you and your family members are eligible for up to six sessions of financial counseling per year, free and confidential. Services are available either in person at various locations around the state, by telephone at 1-800-528-2926, or online at LSS Financial Counseling.
Manage debt. Build financial success.
A financial counselor can help you create a plan to develop a budget, increase your retirement savings, manage student loans, avoid identity theft and scams, or set and stick with your financial goals.
Establish a budget
To see your financial future clearly, you need proven tools and solutions that will last a lifetime. The certified financial counselors will help you develop a budget and a plan of action for debt payment based on your individual situation.
Consolidate your payments
A Debt Management Plan (DMP) consolidates your monthly bills into one simple payment – often with a lower interest rate – so you can start paying off those debts and return to financial health faster. With a DMP, you pay your creditors through one monthly payment to LSS Financial Counseling. Because they are more likely to be paid in full, most creditors will stop any late fees and reduce interest rates. There is a monthly service fee based on the size of your payment, but LSS waives the DMP set-up fee for University of Minnesota employees. And, free ongoing financial counseling will help you build financial success.
Improve your Credit Score
The LSS counselor will help you read and understand your credit reports and make an individualized action plan to improve your credit score. Learn how to correct any errors and prevent identify theft of your credit information.
Protect your home
The LSS financial counselors who are HUD-certified housing counselors can help you assess your options whether you’re having trouble making mortgage payments, considering refinancing or a reverse mortgage, or even buying a home.
Master your student loans
Learn all your options so student loan repayment for you or your dependents can be a realistic plan, not a worry.
When you are ready to take action, Financial Choice offers the help you need.