Smart Money Skills. Personal Financial Workshop. Brought to you by: Shawn Spruce First Nations Development Institute
|
|
- Matilda Dawson
- 8 years ago
- Views:
Transcription
1 Smart Money Skills Personal Financial Workshop Brought to you by: Shawn Spruce First Nations Development Institute
2 Who We Are: 501(c)(3) non-profit founded in 1980 Three pronged strategy of education, advocacy, and capitalization Promoting financial education in communities nationwide 2
3 Financial Education Products and Services: Building Native Communities curriculum Financial education training Program support Online resources Experiential learning 3
4 Does it Work? 2009 Federal Reserve Study Pre car purchase training for soldiers stationed at Fort Bliss, TX Key Findings: Financial education is most effective when presented in a timely, as needed method with topics that are relevant to lives of participants 4
5 Pop Quiz!! 5
6 In the U.S. more people file for bankruptcy than graduate from college: True False 6
7 More students quit college due to credit card debt than bad grades? True False 7
8 How much does the average four-year college student owe in student loans upon graduation? $7,700 $25,200 $39,300 8
9 Making the Minimum Payment $3,000 charged to a credit card will take how many years to pay off? 3 Years 18 Years 10 Years
10 How many advertisements is the average American exposed to each day? 500 1,500 3,000 10
11 In Gallup, NM there are more payday lenders than fast food restaurants: True False 11
12 Men are better than women at managing their money: True False 12
13 Within two years of retirement, what percentage of former NFL players are bankrupt or under financial stress due to joblessness or divorce? 10% 25% 50% 78% 13
14 A person with $1,000,000 is more likely to be happy than a person with $50,000: True False 14
15 What does Money Equal to You? Select the phrase that is closet to how you feel about money. Money = Love Money = Power Money = Greed Money = Happiness Money = Opportunity Money = Loneliness Money = Security Materials Developed by Inger Giuffrida, Financial Educator and Asset Building Consultant. 15
16 Generational Differences Regarding Money Common Generation Name Birth Years GI and Silent Generation Boomer Generation Generation X Generation Y (Millennials)
17 Veterans and Silent Generation Born Formative Events The Great Depression Pearl Harbor WW II Hiroshima The New Deal The Korean War Core Values Tradition Respect for authority Conformity Prefer consistency and uniformity Discipline Strong work ethic
18 Baby Boomers Generation Born Formative Events The Civil Rights Movement John F. Kennedy, Robert Kennedy, Martin Luther King assassinations Vietnam War Woodstock The Moon Landing The Cold War Roe vs. Wade First generation raised with television and advertising Core Values Optimistic Want involvement/to be involved High value on education Competitive Status conscious Driven (work long hours & expect the same of others)
19 Generation Xers Born Formative Events Watergate Iran Hostage Crisis Fall of the Berlin Wall Challenger explosion The Gulf War The PC boom The Reagan Presidency Core Values Skepticism Work to live NOT live to work (work/life balance) Self reliance Fun Flexibility Independence
20 Generation Y/Millennials Born Formative Events Oklahoma City Bombing 9/11 Terrorist Attack The Internet boom Columbine School Attack Corporate malfeasance The Great Recession First generation raised with personal computers, cell phones, etc. Core Values Realism Confidence Innovation Extreme Fun Social/connected Environmentally conscious
21 Name that Generation s Core Money Value Buy Now, Pay Later Veterans and the Silent Generation Baby Boomers Generation X Millennials
22 Name that Generation s Core Money Value Savvy spender and saver Veterans and the Silent Generation Baby Boomers Generation X Millennials
23 Name that Generation s Core Money Value Earn to spend, but newly frugal Veterans and the Silent Generation Baby Boomers Generation X Millennials
24 Name that Generation s Core Money Value Buy Now, Pay Now Veterans and the Silent Generation Baby Boomers Generation X Millennials
25 Common Core Money Values Generation Veterans (Silent) Baby Boomers Generation X Generation Y (Millennials) Birth Years Money Values Put it Away Pay Cash Buy Now Pay Later Cautious/Savvy Conservative Earn to Spend Save Money = Security Tool Resource?
26 Where Does My Money Go?
27 3 Types of Expenses Fixed: costs that don t change Flexible: costs you can control Luxury: purchases you don t need
28 How Important To You Is: Owning a fancy vehicle Eating out often Wearing brand name clothing Living in a fancy place Sports activities or working out Entertainment: movies, concerts, parties Helping friends or family Carrying a deluxe phone or electronic device Buying gifts Vacation time/travel
29 Set 3 types of Goals Short term.less than 12 months Intermediate term 1 to 5 years Long term.more than 5 years 29
30 Know the difference Budget for short term goals Save for medium goals Invest for long term goals 30
31 Budgets for Everyone Everyone has a method that works for them. Organized- accordion file folder, spending plan or budget worksheets Paperless- excel worksheet, mint.com, quicken books Visual- cork board, calendar, dry erase board *Budget group exercise- 4 groups
32 Group exercise If all you had was $10 to buy dinner. What would you buy? If all you had was $20 to buy snacks for a month. What would you buy?
33 Understanding Credit
34 Credit Trust given to another person for future payment of a loan, credit card balance, etc. Creditor A person or company to whom a debt is owed.
35 Types of Credit Secured Requires something of value as a guarantee that you will repay your debt. Unsecured No guarantee is required.
36 Types of Credit Revolving Allows you to borrow money at any time up to a set limit. Installment Allows you to borrow a specific amount at one time for a specific purchase.
37 Types of Interest Simple Interest only calculated on principal Compound Interest calculated on BOTH principal and previous interest
38 Credit Cards Fee Will charge lower interest No-Fee Will charge higher interest Bank cards or Store Cards?
39 Pizza Cost Comparison Payment Methods Terms Cost to Consumer Cash Pay now $10 Credit Card with Balance Pay off over 18 months with 18% interest $42.40
40 Credit Reports
41 What is a Credit Report? It is a factual record of an individual s credit payment history as reported by his or her creditors. It s main use is to help a lender quickly and objectively decide whether to grant you credit, (i.e., buy a vehicle). Other uses include: renting an apartment, getting a job, qualifying for low insurance rates, buying a home, obtaining insurance, getting a cell phone. 41
42 Credit Report Information Includes: *Identifying information such as name, current and previous addresses, telephone number, social security number, date of birth and current and previous employers. *Credit information specific information about each account (date opened, late payments, collection accounts, current amount owed, credit limits, debt related lawsuits) *Public record information. *Inquiries names of those who obtained information about your credit history. Remember to check reports for errors regularly. 42
43 Fair Credit Reporting Act *The fair credit reporting act outlines how long information can be retained on your credit report. *Good credit can stay indefinitely. *Derogatory credit can only be reported for 7 years from the date that the account first became delinquent. *Bankruptcy: Chapter 7 is reported for 10 years and credit included in a Chapter 7 will only be reported for 7 years. *Bankruptcy: Chapter 13 is reported for 7 years. 43
44 Free Credit Report AnnualCreditReport.com Or by mail
45
46 The FICO Score Fair-Isaac Co. Scores range from 350 to 850 Good: Over 700 Not so good: 600 and below
47 3 Credit Bureaus Different FICO score for each bureau 3 scores (auto, mortgage, consumer) One free report a year from each bureau, but no free score
48 FICO Score Breakdown 35% Payment History 30% Current Debt 15% Length of History 10% Types of Credit 10% Applications
49
50 What is Warren Buffet s credit score?
51 Tips for a Healthy Credit Score Pay credit card bills within one week Contact lenders about problems Don t over borrow Don t bounce checks
52 Tips for a Healthy Credit Score Beware of third party assistance Pay utilities, parking fees, and library fees on time If you re late once ask creditor to delete a 30 day late item or to reage the account Add relevant information to your credit report
53 More Tips... Maintain at least one good account Avoid excessive inquiries Cancel newer cards Caution when co-signing
54 More Tips... Pull your credit report once a year and/or stagger them Don t apply for in-store credit Credit utilization ratio below 30% Pay attention to no limit cards
55 More Tips... Capital 1 is #1 for consumer complaints Start early!! Diversify credit Consider piggybacking
56
57 Other Credit Scores and Bureaus FICO Expansion Score Vantage Score ( ) Innovis (mailing lists) OPTOUT OptOutPrescreen.com
58 Where Should I Put My Money?
59 First Nations Development Institute Financial Education Consultant 2217 Princess Anne St. 600 Montclaire NE Suite Albuquerque, NM Fredericksburg, VA (505) (540) (505) mobile Contact: Sarah Dewees Contact: Shawn Spruce
CreditAbility: Build a Strong Credit History. Brought to you by Duke University FCU
: Build a Strong Credit History Brought to you by Duke University FCU Seminar Objectives Learn: Who needs to build good credit, and why Significance of credit report and score How to establish credit if
More informationBuilding a Strong Credit History
Building a Strong Credit History Having good credit improves your ability to get loans, insurance, credit cards, a job, an apartment, and gives you the chance to get lower interest rates on loans and credit
More informationBuild a Strong Credit History. Brought to you by The New York University Federal Credit Union
Build a Strong Credit History Brought to you by The New York University Federal Credit Union Seminar Objectives Learn: Who needs to build good credit, and why Significance of credit report and score How
More informationSolving the Credit Puzzle. L G & W Federal Credit Union
Solving the Credit Puzzle L G & W Federal Credit Union Knowledge Check How much do you already know about credit scoring? Sample Credit Report Credit Bureaus Equifax TransUnion Experian Who Can Pull Your
More informationWhat is a credit report?
What is a credit report? - Consumer Financial Protection Bureau RETURN TO ORIGINAL QUESTION What is a credit report? UPDATED 6/21/2013 A credit report contains information about your credit history and
More informationPlease Note. In today s session, your CalSTRS benefits specialist will guide you through the basics of financial literacy and retirement planning.
Please Note In today s session, your CalSTRS benefits specialist will guide you through the basics of financial literacy and retirement planning. All specialists have CalSTRS benefits knowledge and are
More informationHow to Use Credit. Latino Community Credit Union & Latino Community Development Center
How to Use Credit Latino Community Credit Union & Latino Community Development Center How to Use Credit Latino Community Credit Union & the Latino Community Development Center www.latinoccu.org Copyright
More informationMax Out Your Credit Knowledge
Max Out Your Credit Knowledge Sponsored by Elevations Credit Union October 27 th, 1014 Presented by Laura Zavala & Lauren Barbary Agenda What is Credit? What Composes My Credit Score? Bankruptcy Impact!
More informationBrought to you by PEPCO FCU. Seminar objectives
Take Charge: Wise Use of Credit Cards Brought to you by PEPCO FCU Seminar objectives Learn: Benefits and costs of credit cards How to build a good credit history Warning signs of too much debt How to figure
More informationCredit Reports and Credit Scores
Credit Reports and Credit Scores This program is made possible by a grant from the FINRA Investor Education Foundation through Smart Investing@Your Library, a partnership with the American Library Association.
More informationTracking Your Credit History By Mark Schug
By Mark Schug Financial institutions (banks, savings and loan associations, credit unions, and consumer finance companies) are private, profit seeking businesses. They expect to be paid back most of the
More informationPreparing for Homeownership
Preparing for Homeownership Homeownership Homeownership is a dream for many people. Purchasing a home can be exciting, but it can also be an intimidating process. Educating future homebuyers will help
More informationGenerations in the Workplace
Generations in the Workplace Elaine Soper, PhD West Virginia School of Osteopathic Medicine Dean, Assessment and Educational
More informationFinancial Empowerment Curriculum Moving Ahead Through Financial Management. Workshop Credit Overview
Financial Empowerment Curriculum Moving Ahead Through Financial Management Workshop Credit Overview 1 Workshop Objectives Explain why credit is important. Access and read a copy of your credit report.
More informationOffice of Student Financial Management
February 2015 Office of Student Financial Management Kasia Palm: Director of Student Financial Management What is Credit? - The ability to obtain goods/services before payment based on the trust that a
More informationCreditAbility: Build a Strong Credit History. Brought to you by Duke University FCU
: Build a Strong Credit History Brought to you by Duke University FCU Seminar Objectives Learn: Who needs to build good credit, and why Significance of credit report and score How to establish credit if
More informationCredit Score Secrets Revealed
Credit Score Secrets Revealed This Complementary Special Report was prepared by: 2 The Secrets Behind Your Credit Scores Your life is your credit. And your Credit Score is the key to everything. As important
More informationTaking Charge of Your Financial Future
Taking Charge of Your Financial Future Why is Your Credit Score Important? Understanding credit scoring can help you manage your credit. By knowing how credit risk is evaluated, you can take actions that
More informationCredit Scoring and Wealth
the Problem In most games, it is wise to understand the rules before you begin to play. What if you weren t aware that you were playing a game? What if you had not choice whether to play or not? Everyone
More informationPersonal Money Management. Why and How we spend money and potential impacts to personal credit.
Personal Money Management Why and How we spend money and potential impacts to personal credit. Presentation Objectives Understanding Your Financial Personality Personal Credit Scores, impacts, tips, your
More informationThe Millennials are Coming. Department of Pathology Diversity Series Spring 2008
The Millennials are Coming Department of Pathology Diversity Series Spring 2008 We Will Discuss: An overview of the unique characteristics and attributes of each of the four generations in the workforce
More informationUnderstanding Your Credit Score and How You Can Improve It
Understanding Your Credit Score and How You Can Improve It How is your score calculated? The exact formula is a mystery and protected by the Federal Trade Commission Think of it as a secret recipe. Credit
More informationPNC Financial Education FINANCIAL OPS. Banking Solutions for Military Personnel. Credit: Self study Guide
PNC Financial Education FINANCIAL OPS Banking Solutions for Military Personnel Credit: Self study Guide Revision Date: 11/2012 PNC Financial Education:FINANCIAL OPS Understanding Credit We all have financial
More informationOffice of Student Financial Management
September 2013 Office of Student Financial Management Kasia Palm: Director of Student Financial Management What is Credit? - The ability to obtain goods/services before payment based on the trust that
More informationThe Importance of Good Credit
The Importance of Good Credit 1 Introduction The importance of good credit What is credit? The importance of credit history when applying for a loan How to build and maintain good credit Credit and its
More informationBorrowing Realities. Student Loans And Credit: An Overview 4/17/2015. Agenda
Student Loans And Credit: An Overview 04.12.20 Jacquie Carroll Agenda 2 Borrowing realities Credit reports and scores Student loan and credit card impact Conversation and best practices for student education
More informationRoad to Good Credit.
Road to Good Credit. Now is the time for you to start building your credit. Why is credit important to you? Where can you fi nd your credit history? How do you get started? Have you ever wondered how to
More informationUsing Credit to Your Advantage
Hands on Banking Using Credit to Your Advantage Credit Reports, Credit Scores and Dealing with Debt The Hands on Banking program is a free public service provided by Wells Fargo. You may also access the
More informationCredit Counts... Know the Score!
Credit Counts... Know the Score! Understanding the Importance of Credit Scoring 2004 by Access Group, Inc. All rights reserved. Do you know the score? QUESTION What can a lender learn from your credit
More informationYour Credit Score. 800-491-2328 www.congressionalfcu.org. score of at least 620 for approval and 760 for the best interest rate.
800-491-2328 www.congressionalfcu.org Your Credit Score Your credit score can have a major impact on your life. Not only do creditors typically check your score when deciding whether or not to approve
More informationStudent Loans and Credit Reports
Student Loans and Credit Reports We Will Discuss The role of credit in personal finance Review of credit terms and factors Impact of student loans on reports and scores Next steps you can take to encourage
More informationMANAGING CREDIT101 TM %*'9 [[[ EPXEREJGY SVK i
MANAGING CREDIT101 TM i This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended, and should not be used,
More informationUNDERSTANDING Your CREDIT REPORT & SCORES
UNDERSTANDING Your CREDIT REPORT & SCORES www.credit.org Promoting Financial Literacy About Springboard Springboard is a non-profit organization founded in 1974. We offer personal financial education and
More informationStudent Loans And Credit: An Overview
/16/20 Student Loans And Credit: An Overview.14.20 Jacquie Carroll, Ed.D., AFC, Engagement & Education Consultant Agenda 2 Borrowing realities Credit reports and scores Student loan and credit card impact
More informationSOME IDEAS THAT MAY HELP WITH. Credit Problems and How to Get Help
66308 1083 9/9/04 3:03 PM Page Cov1 SOME IDEAS THAT MAY HELP WITH Credit Problems and How to Get Help 66308 1083 9/9/04 3:03 PM Page Cov2 Table of Contents Do you have a credit problem? 1 Minor credit
More informationImprove Your Credit Put Bad Credit Behind You
Improve Your Credit Put Bad Credit Behind You Improve your credit While it s possible to get by without credit, access to credit is essential for buying a home, financing a car or getting a credit card.
More informationStandard 7: The student will identify the procedures and analyze the 3 responsibilities of borrowing money.
TEACHER GUIDE 7.3 BORROWING MONEY PAGE 1 Standard 7: The student will identify the procedures and analyze the 3 responsibilities of borrowing money. Your Credit Score Priority Academic Student Skills Personal
More informationBasics of Credit Reports and Credit Scores
Basics of Credit Reports and Credit Scores What is a Credit Score? A credit score is a number lenders use to help them predict the likelihood (risk) that you will repay your debt as agreed. For this reason,
More informationUnderstanding Credit. Megan Stearns, Credit Counselor
Understanding Credit Megan Stearns, Credit Counselor Obtaining your free credit report will lower your credit score. Closing old accounts can help your credit score. Paying off the balances on your credit
More informationUsing Credit to Your Advantage.
Using Credit to Your Advantage. Topic Overview. The Using Credit To Your Advantage topic will provide participants with all the basic information they need to understand credit what it is and how to make
More informationUnderstanding Credit Reports
Understanding Credit Reports What is a Credit Report and Score? Your success in managing credit is reflected in your credit report and score. A credit report is a history of everything you are doing with
More informationGET CREDITWISE SM SM
GET CREDITWISE SM SM Table Of Contents October, 2006 Credit Matters 1 An introduction Establishing Credit 3 Begin building a solid financial base Using Credit Wisely 5 Narrowing your options Monitoring
More informationCredit Workshop. What I need to know about credit and lending products of financial institutions. Financial Education Supported by:
Credit Workshop What I need to know about credit and lending products of financial institutions. Financial Education Supported by: Concept Checklist What will I learn today? [ ] What is Credit? [ ] Advantages/
More informationFacts On Credit Bureaus
Facts On Credit Bureaus The following information relates to the understanding and use of a credit score. Listed are details regarding the determination of a credit score, how you can find out what your
More informationHow do I get good credit?
Slide 1 Credit The information provided in this e-course is intended for educational purposes only and does not constitute specific advice for you as an individual. When evaluating your particular needs,
More informationFun, engaging and effective. Aligned with national financial education and core curriculum requirements.
Building Your Financial Foundation Adult Level Curriculum - Instructors Guide Fun, engaging and effective. Aligned with national financial education and core curriculum requirements. Lessons on: Credit
More informationFWA HSBC Financial Backpack Program
FWA HSBC Financial Backpack Program Understanding Credit All materials are on FWA.ORG Follow us on FACEBOOK Top Lessons Credit has many advantages and disadvantages Understand costs of credit: principal,
More informationStudent Loans and Credit Reports
Student Loans and Credit Reports Presented by: Debbie Murphy We Will Discuss: The role of credit in personal finance Review of credit terms and factors Impact of student loans on reports and scores Next
More informationStudent Loans and Credit Reports
Student Loans and Credit Reports We Will Discuss The role of credit in personal finance Review of credit terms and factors Impact of student loans on reports and scores Next steps you can take to encourage
More informationThe Path to Financial Freedom Overview of Workshop Budgeting with an irregular pay schedule Tips on Insurance, Saving for Emergencies and Retirement Credit, Credit Reports/Scores Credit Card Repayment
More informationUnderstanding Credit. The Three C s of Credit. What is a Credit Bureau?
Understanding Credit By definition, the word credit has to do with trust. This is why credit impacts so many financial issues in our lives including the extension of a loan or credit card, how high an
More informationUnderstanding Credit. UMassFive College Federal Credit Union
Understanding Credit UMassFive College Federal Credit Union Objectives Understand the role of credit bureaus Discuss the importance of your credit report Review the components of a credit score Explain
More informationCredit Reports & Credit Scores
Credit Reports & Credit Scores Reviewing: Information that is and isn t in your credit report. What information determines your credit score. Tips to improve your credit score. What s In Your Credit Report
More informationIMPORTANCE OF CREDIT HISTORY AND SUCCESSFUL SAVING
IMPORTANCE OF CREDIT HISTORY AND SUCCESSFUL SAVING From America Saves and Experian WHAT IS A CREDIT REPORT AND SCORE? A credit score is a three digit number that measures how likely you are to repay a
More informationFICO Score Factors Guide
Key score factors explain the top factors that affected your FICO Score. The order in which your FICO Score factors are listed is important. The first indicates the area that most affected your FICO Score
More informationUnderstanding Your Credit Report
Understanding Your Credit Report What is credit? Credit is the use of someone else s money in exchange for a promise to pay it back on a given date. There are two major types of credit: Revolving and Installment.
More informationPersonal Finance and the Small Business
Personal Finance and the Small Business 1. Credit Scores Demystified Agenda Britt Scearce, SCORE Counselors to America s Small Business 2. Credit Reports Mary Hurlburt, Consumer Credit Counseling Service
More informationYOUR CREDIT SCORE. Payment History - 35%
YOUR REDIT SORE Many of our clients are concerned about their ability to obtain credit in the future. There are several issues related to those concerns. redit reporting agencies (Experian, Equifax, and
More informationUnderstanding and managing your credit
Understanding and managing your credit Overview Understanding how credit works and how it affects your chances of getting approved for a loan is important. In this presentation, you ll learn helpful ways
More informationMANAGING CREDIT101 i
MANAGING CREDIT101 i This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended, and should not be used,
More informationYour Credit Report. 595 Market Street, 16th Floor San Francisco, CA 94105 888.456.2227 www.balancepro.net
Your Credit Report 750. 670. 620. 575. You may not think about them every day, but your credit report and the three little digits that make up your credit score probably influence your life in many ways.
More informationHow To Check Your Credit Report For Not Credit History
Your Credit Report P.O. Box 15128 Spokane Valley, WA 99215 800.852.5316 www.hzcu.org You may not think about them every day, but your credit report and the three little digits that make up your credit
More informationFinancial Literacy Activities. Presented by Sarah Schweitzer
Financial Literacy Activities Presented by Sarah Schweitzer A fun break! Opener, energizers, closing Break from instructional info Application of info Fun materials Be creative in how you use your materials!
More informationCredit 101. Learn how to get and keep your credit in shape! From Silverton Mortgage
Credit 101 Learn how to get and keep your credit in shape! From Silverton Mortgage Table of Contents What is a credit score? 2 Why is it important? 2 How is a credit score determined? 3 How can I see my
More informationFinancial Empowerment Curriculum. Moving Ahead Through Financial Management. Module Three: Mastering Credit Basics
Financial Empowerment Curriculum Moving Ahead Through Financial Management Mastering Credit Basics Reviewing, Understanding and Improving Your Credit Module 3: Mastering Credit Basics Time Clock: 11:00-12:00
More informationIMPROVING YOUR CREDIT AND DEBT
IMPROVING YOUR CREDIT AND DEBT The Credit & Debt Problem Americans are loaded with credit-card debt. The average American household with at least one credit card has nearly $15,950 in credit-card debt
More informationThe AFI Resource Center is pleased to provide this presentation about credit reports.
The AFI Resource Center is pleased to provide this presentation about credit reports. This is one of several presentations developed for AFI grantees on a variety of financial education topics, including
More informationManaging Your Credit Report and Scores. Apprisen. 800.355.2227 www.apprisen.com
Managing Your Credit Report and Scores Apprisen 800.355.2227 www.apprisen.com Managing Your Credit Report and Scores Your credit score is one of the most important aspects of your personal finances. From
More information4. Profit. 5. Credit
What do you want and how are you going to get it? Personal Finance 1. Income 2. Budget 3. Investing 4. Profit 6. Spending 7. Savings 8. Assets 9. Expenses Income vs. Expenses 5. Credit 10.Liabilities SS8E5
More informationParticipant Guide Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum
To Your Credit Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum TABLE OF CONTENTS Page Who Poses the Most Credit Risk? 1 How to Get a Free Credit Report Once a Year 2 Annual
More informationMy Credit Report Card
Lesson 1: My Credit Report Card Lesson Overview: This lesson will provide students with an overview of elements that are included in their credit report. Students will examine how various behaviors affect
More information20 Steps to Financial Health:
20 Steps to Financial Health: Achieving Lifelong Financial Fitness American Consumer Credit Counseling 130 Rumford Avenue Auburndale, MA 02466 1.800.769.3571 ConsumerCredit.com On behalf of American Consumer
More informationCredit Scores. www.howtogainwealth.com. Copyright 2009 How to Gain Wealth. All rights reserved.
Credit Scores Why is my Credit Score important? Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses
More informationBalanceTrack. The World of Credit Reports
BalanceTrack The World of Credit Reports Credit reports and credit scores influence our lives in many ways. Your history of credit management can affect the cost of the credit you receive, your ability
More informationEstablishing Credit Smart investing@your library Series
4 Establishing Credit Credit is the opportunity to borrow money to use now and then repay over time at an agreed upon cost. It s a convenience and an important financial tool if used wisely. Smart investing@your
More informationYour Credit Report. 595 Market Street, 16th Floor San Francisco, CA 94105 888.456.2227 www.balancepro.net
Your Credit Report 750. 670. 620. 575. You may not think about them every day, but your credit reports and the three little digits that make up your credit score probably influence your life in many ways.
More informationBUILD A SOLID CREDIT HISTORY
BUILD A SOLID CREDIT HISTORY WHAT IS CREDIT? Credit is money that you borrow, usually in the form of a credit card or loan, with the promise to pay it back. Why is it important to have good credit? There
More informationThe West Virginia State Treasurer s Office. A free publication provided by
YOUR CREDIT SCORE A free publication provided by The West Virginia State Treasurer s Office Visit www.wvtreasury.com or Call 1.800.422.7498 From the Office of West Virginia State Treasurer, John D. Perdue
More informationCredit History CREDIT REPORTS CREDIT SCORES BUILDING A STRONG CREDIT REPORT
CREDIT What You Should Know About... Credit History CREDIT REPORTS CREDIT SCORES BUILDING A STRONG CREDIT REPORT YourMoneyCounts Understanding what your credit history is what s in it, what s not in it
More informationOver the last decade, Americans have been able to access credit too easily.
Over the last decade, Americans have been able to access credit too easily. Being able to borrow too much allowed many of us to make bad decisions decisions that led to painful consequences. Now, the business
More informationfor Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook
for Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook Welcome! This workshop is about credit. Credit is buying something now, but paying for it later. Credit can be useful
More informationThe Danger of Debt: Avoiding Financial Pitfalls
The Danger of Debt: Avoiding Financial Pitfalls LESSON 15: TEACHERS GUIDE When teens borrow money from a friend or relative to buy the latest gadget, the thought of returning the payment often comes second
More informationLending 101 The Basics
Lending 101 The Basics Overview Loan categories Credit types Different loan types Interest rate Applying for a loan Credit & credit reports Simple loan tips Test Loan Categories Secured loan - a loan that
More informationYOUR FINANCIAL ROAD MAP: WHERE DO YOU WANT TO GO?
YOUR FINANCIAL ROAD MAP: WHERE DO YOU WANT TO GO? DAY: 9 TITLE: YOUR FINANCIAL ROAD MAP Credit: New Rules, Scores & Debt TARGET COMPETENCY: Select strategies to use in handling credit and managing debt
More informationA summary of your financial reliability
A summary of your financial reliability Used by banks and other financial institutions, landlords, utility companies and insurance companies 3 major credit bureaus: Transunion, Equifax, Experian 1. Identifying
More informationThe Eight Money Smart for Young Adults Modules
The Eight Money Smart for Young Adults Modules 1 1 Module 1: Bank On It 2 2 Module 2: Check It Out 3 3 Check It Out Benefits of checking accounts Types of checking accounts Understanding banking fees Opening
More informationCREDIT IN A NEW COUNTRY:
CREDIT IN A NEW COUNTRY: A GUIDE TO CREDIT IN CANADA A free publication provided by Consolidated Credit Counseling Services of Canada, Inc., a registered charitable credit counselling and debt management
More informationCredit Reports. published by AAA Fair Credit Foundation
Credit Reports published by AAA Fair Credit Foundation Credit Reports 1. What is a Credit Report?..........................................................2 2. What Your Credit Report Reveals About You...................................4
More informationCredit Builders Alliance
Credit Builders Alliance June 8, 2014 Maxine Sweet Vice President, Public Education Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc.
More informationMake the most of your credit score
Make the most of your credit score Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.org Congratulations on taking this important step to learn
More informationPersonal Loans 101: UNDERSTANDING APR
Personal Loans 101: UNDERSTANDING APR In today s world, almost everyone needs access to credit. Whether it is to make a small purchase, pay for an unexpected emergency, repair the car or obtain a mortgage
More informationIf you have not established credit, several options can help you obtain a credit card:
Credit Cards The Basics. Do you understand what credit is and how to use it wisely? Like many of today's teenagers and college students, you appreciate the convenience and relative safety of credit cards.
More informationUnit 7: Debt, Debt Reduction, & Bankruptcy
Read Chapter 7 in the text. Unit 7: Debt, Debt Reduction, & Bankruptcy Read this unit including websites. You may want to take notes on the key points. You can't borrow your way to wealth. That sounds
More informationIMPROVE YOUR CREDIT SCORE. Effective Credit Management At Your Fingertips
IMPROVE YOUR CREDIT SCORE Effective Credit Management At Your Fingertips Introduction In this ebook, you will get valuable information including: What is a credit score The score breakdown Managing your
More informationGREENPATH FINANCIAL WELLNESS SERIES
GREENPATH FINANCIAL WELLNESS SERIES UNDERSTANDING YOUR CREDIT REPORT & SCORE Through financial knowledge and expertise, we provide high-quality products and services that enable people to enjoy a better
More informationBuilding a CREDIT REPORT. Federal Trade Commission consumer.ftc.gov
Building a CREDIT REPORT Federal Trade Commission consumer.ftc.gov Shopping for a car? Applying for a job? Looking for a home? Getting your financial house in order? It s time to check your credit report.
More informationReason Statement Full Description Actions You Can Take or Keep this in mind
Factors Guide - Experian The consumer-friendly reason descriptions and actions a consumer can take (or things to keep ) below are provided for use within your FICO Open Access customer displays. The table
More informationAll About Credit Reports from A to Z
All About Credit Reports from A to Z Adverse Action Notice A notice that you have been denied credit, employment, insurance, or other benefits based on information in a credit report. The notice should
More informationUnderstanding Credit BY Sallie Mae and FICO
Understanding Credit BY Sallie Mae and FICO Lisa Mitchell, Sallie Mae Brad Riebel, Sallie Mae April 2015 Session Focus Overview FICO and Sallie Mae partnership on ways to help students understand why credit
More informationHow To Get A Credit Report From A Credit Card To A Credit Rating Card
Credit Report Info Packet Information in this Packet What Is a Credit Report?.....................3 What Is a Credit Score?..................... 4 Who Can See Your Credit Report?.............. 5 Ordering
More information