What is a credit score? A number similar to a GPA.

Slides:

Advertisements

Similar presentations

Your Credit History consumer.gov. You and your credit Have you ever had: – Credit card? – Loan? – Utilities in your name? – Cell phone with a monthly.

Advertisements

I’LL DO IT IF…5 HABITS FOR FINANCIAL HEALTH OHCE STATE LESSON.

Build Wealth, Not Debt Strategies for helping clients out of poverty.

Establishing Credit Presented By:. What is credit? Credit is more than a plastic card you use to buy things --- it is your financial trustworthiness.

Give Yourself Some Credit Understanding Your Credit Report Kaylee Prochniak Economics 101.

Why Credit Matters MS. Zucchero. Keeping Score: Why Credit Matters What is Credit? Think about your last purchase… How did you pay for it…..?

What is Personal Finance? Financial management is a critical part of everyday life. Personal finance is learning how to manage our money to get most out.

The importance of understanding credit reports The choices you make today directly impact your future. Your credit score can influence how much interest.

Staying on Top: Credit Reports and Scores. What’s in Your Credit Report? Personal identification information Name, address, date of birth, SSN, employment.

The Importance of a Good Credit Score and How to Read a Credit Report

Credit Josh Lienau, Natalie Skelton, Derek Lomibao, Erika Stauss, Cheyanne Decker.

Personal Finance. The three Cs of Credit 1. Capacity  Do you have a steady job?  What is your salary?  How reliable is your income?  Do you have other.

Play the game of credit to better meet your personal and financial goals. Credit Scoring & Wealth the Game Carl Spiteri 6333 Greenwich Dr. Suite 200 San.

Give Yourself Some Credit Understanding Your Credit Report Student Name - Economics 101.

What’s a Credit Report? From age 18 on, agencies collect data about your spending habits. Monitor your ability to handle risks (i.e. loans I installment.

KEEPING SCORE: WHY CREDIT MATTERS. ESSENTIAL QUESTION: WHAT DOES IT MEAN TO BE CREDITWORTHY?  Think about your last purchase. How did you pay for it?

10 Points Question- What is the definition of Character?

Establishing Credit Presented By:. Credit is more than a plastic card you use to buy things --- it is your financial trustworthiness. What is credit?

Chapter 7 Buying Decisions. Slide 2 Where Can Consumers Get Credit? Credit is the ability to borrow money and pay it back later. 7-2 Getting Started with.

CREDIT REPORT HOW TO UNDERSTAND YOUR PERSONAL CREDIT REPORT PREDICTIVEMETRICS.COM.

UNDERSTANDING YOUR CREDIT REPORT Student Name - Economics 101 Give Yourself Some Credit.

Credit  When goods, services, and/or money is received in exchange for a promise to pay back a definite sum of money at a futre date.  Lender: the person.

Why Credit Matters?. Do Now  What was your last purchase and how did you pay for it? Did you use cash, debit credit or check?  What are the differences.

How to Improve Your Credit Score Who Determines your Score? Three Credit Bureaus:

Using Credit Wisely Ch. 14. Understanding Costs  Before you can compute the cost of credit, you have to know four things:  The amount you are borrowing.

Do Now: If you were going to give someone a loan, what would be some factors you would consider?

FICO Your Credit Score FICO is an acronym for the Fair Isaac Corporation, the creators of the FICO score.

Credit Scores, Credit Cards, and Consumer Debt Unit 1: Personal Finance Economics – Mr. Khalil How can your credit score affect your life? What is your.

Financial Planning: Credit Cards

To Your Credit: Credit Reports and Credit Scores

Obtaining Credit.

How To Improve Your Credit Score

Credit Score What is a credit report and why is it important to you?

Unit 10: PFL Credit & Cards.

Banking, Interest, and Credit

CREDIT BUREAU A credit bureau is a private company that gathers account information from various creditors and provides that information to consumer reporting.

Credit Reports, Scores, and You.

CREDIT BUREAU A credit bureau is a private company that gathers account information from various creditors and provides that information to consumer reporting.

Credit Score Jillian Brown.

WED. March 29, 2017 TODAY’S AGENDA

Houston Community College Financial Literacy and Capabilities

Who Determines your Score? Three Credit Bureaus:

Credit Scores What is a FICO Score??.

To Your Credit: Credit Reports and Credit Scores

Personal Finance Ms. Goodwin

Personal Finance Management: Managing Credit

WHY CREDIT? Financial Unit

Credit Score Consumer Math.

What is credit and why is it important?

Understanding Credit Reports

Credit Scores Interest on Debt and Interest on Savings

Give Yourself Some Credit

Give Yourself Some Credit

Financial Literacy: Credit Cards

Bell Work - Tuesday, May 17th

Understanding Your Credit Score

Build Your CREDIT = Build Your ASSET

Smart Credit Houston Community College Financial Literacy and Capabilities Module pt. 3.

Interest, Payments, and Credit

Credit Lesson 1 Credit Basics.

Give Yourself Some Credit

Credit Score Consumer Math.

How would you obtain goods and services if you did not have any money?

Give Yourself Some Credit

Understanding Your Credit and Credit Score

Give Yourself Some Credit

Credit History Pay bills on time. Use online and automatic bill pay to avoid late payments. Keep your debt (the amount of money you owe on credit cards)

Copyright © Texas Education Agency, All rights reserved.

CHALLENGING MINDS, CHANGING LIVES

Workshop Goal Learning Objectives

Presentation transcript:

What is a credit score? A number similar to a GPA. Brand is FICO, BEACON, etc 300-850

What makes up the number? Payment History 35% Amount Owed 30% Length of Credit History 15% New Inquiries/Accounts 10% Types of Credit 10%

Why is it important? Getting a loan Getting a lower rate loan House, car, Student, business, emergency Car insurance Utilities, cell phone Jobs 42% of adults say that knowing someone’s credit score would affect their willingness to date them.

Now, ignore the number

Pull your reports, yearly for free

Protect Yourself Contact each bureau Free now Who still has access: you, current creditors Protect Yourself

How can you build credit?