PPT-Understanding Your Credit Score

Ben Collier Senior Healthcare Business Banker PNC Bank The Credit Report Defined The credit report is designed to give creditors a history of how one has handled their debt obligations The credit report contains a list of historic debt typically 7 years in the past. brPage 2br Your credit score is a number between 300 and 850 assigned to you by a credit bureau that helps lenders decide how creditworthy you are the higher the score the lower the risk Because credit can a64256ect many important aspects of your l The credit reference agencies dont hold blacklists and dont tell the lender if they should offer you credit or not thats for the lender to decide Credit granting When you apply for credit you will be asked permission by the lender to search your cre Homework. (Passport Page 32). Welcome!. Define credit and loan. Understand credit reports and credit scores. Distinguish between secured and unsecured loans. Identify the costs associated with getting a loan. How They Impact Your Financial Success. Presented by: Lynne A. Coverdale, MBA. Salin Bank & Trust Company . Background. The FICO . stands for Fair Isaac and Co., a company founded in 1956 by Bill Fair, an engineer, and Earl Isaac, a . Part of the FIT Women workshop series offered by. The Family Resource Center. . Sponsored in part by:. The NH Charitable Foundation and. The Women’s Fund of NH. Credit Score . vs. . Credit Report. Raw Scale Raw Scale Raw Scale Raw Scale Score Score Score Score Score Score Score Score 86 100 64 80 42 66 20 42 85 98 63 79 41 66 19 41 84 97 62 79 40 65 18 39 83 95 61 78 39 64 17 38 82 94 60 77 38 Credit Unions Care Foundation of Virginia. Help meet the social, moral and economic needs of Virginia communities. Focus on financial education . Cooperation among credit unions and local charities. Encourage . Score 101. The importance of understanding credit reports. The choices . you . make today directly impact . your. future. .. Your credit score can influence how much interest you pay when making a major purchase, such as a house or car. . LEARNING GOALS. What is Credit?. Types of Loans. Credit Cards. WHAT IS CREDIT?. Your credit is your reputation as a borrower.. Credit Score. : . A. three digit number that summarizes this reputation.. gpa. Credit Score/. GPA. comparison. Many people suffered blows to . their. credit scores (. GPA. ) . during . the unstable . economy (. academic performance. ). of . the last few . years,. (. semesters. . Moving Ahead Curriculum . A Financial Empowerment Resource. Curriculum Overview. MODULE 1. MODULE 2. Learning Financial Fundamentals. MODULE 3. MODULE 4. Building Financial Foundations-Homes, Loans and Automobiles. What would be considered good credit?. On average how many credit cards does the average household have?. How do credit cards make money?. Video. Who are credit card companies best and worst customers?. REPORT AND SCORE. PRESENTED BY GREEN. PATH. Sally Counselor. Certified Consumer Credit Counselor. TODAY’S. AGENDA. Credit Reports and Scores. Why is credit . i. mportant?. What’s in a credit report?. MemberFAQsLast Updated 7/15/2019Page 1of 2In January 2018 Credit Sensewill be available to youthrough Personal Branchand through our NW Plus CU Mobile AppCredit Senseis a free service offered to help