True Colors United and Experian Launch Partnership to Help End LGBTQ+ Youth Homelessness
Custom bilingual financial literacy materials
will empower this often overlooked community
Leading information services company Experian and True Colors
United today announced a new partnership to support LGBTQ+ youth
experiencing homelessness. The two organizations will collaborate
to create financial literacy resources to help this “invisible”
community overcome barriers to fair and equitable access to credit
and financial tools.
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the full release here:
"True Colors United is proud to partner with Experian to fill a
gap that has long needed to be addressed," said Gregory Lewis, True
Colors United's Executive Director and CEO. "LGBTQ+ youth
experiencing homelessness are often shut out of traditional
financial institutions, lack the necessary paperwork to open
accounts, or face discrimination due to their race, sexual
orientation, or gender identity when applying for housing, bank
accounts, and loans. United, we will put tools and resources into
the hands of these young people to help them achieve the financial
literacy, inclusion, and stability they deserve."
In the United States, LGBTQ+ youth are 120% more likely to
experience homelessness than their straight and cisgender peers.
Studies also show that LGBTQ+ youth experience homelessness for
longer periods of time than non-LGBTQ youth. Many of these young
people will delay or avoid getting the help they need out of fear
of discrimination or violence. True Colors United’s training and
education programs address and meet the needs of LGBTQ youth
experiencing homelessness in order to ensure youth have access to
inclusive and affirming services. Together, Experian and True
Colors United will expand this portfolio of work into the realm of
financial literacy – equipping young people and service providers
with additional tools to move out of homelessness and into
financial stability and success.
Materials will address topics including budgets, taxes, building
credit and preventing fraud, and will be available in English and
Spanish. They will be available on the True Colors United website
and through its social media channels.
“This partnership is an opportunity to support unsheltered
LGBTQ+ youth and bring this invisible community into the light. By
working with True Colors, we are equipping displaced youth with
resources that may help them find their way out of homelessness.
Financial knowledge leads to financial power for all,” said Carol
Urton, senior director of corporate responsibility and
sustainability for Experian North America.
Experian is committed to financial inclusion and empowerment for
all. Its commitment to the LGBTQ+ community globally includes
supporting transgender and non-binary consumers with the name
change process on their credit reports and its weekly Twitter
#Creditchat addresses important financial topics such as Financial
Tips for Same Sex Couples and the LGBTQ+ Community. The partnership
with True Colors United is part of Experian’s United for Financial
Health initiative, which aims to empower and protect consumers to
improve their financial health through education and action.
About True Colors United
True Colors United was co-founded in 2008 by Cyndi Lauper. We
implement innovative solutions to youth homelessness that focus on
the unique experiences of LGBTQ young people. Through a broad array
of training and education, youth action, technical assistance, and
advocacy programs, True Colors United is creating a world where all
young people can be their true selves.
Experian is the world’s leading global information services
company. During life’s big moments – from buying a home or a car,
to sending a child to college, to growing a business by connecting
with new customers – we empower consumers and our clients to manage
their data with confidence. We help individuals to take financial
control and access financial services, businesses to make smarter
decisions and thrive, lenders to lend more responsibly, and
organizations to prevent identity fraud and crime.
We have 20,600 people operating across 43 countries and every
day we’re investing in new technologies, talented people, and
innovation to help all our clients maximize every opportunity. We
are listed on the London Stock Exchange (EXPN) and are a
constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content
hub at our global news blog for the latest news and insights from
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Nick Seip, 646.828.9789 firstname.lastname@example.org Victoria Lim,
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