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. 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. Essential question: What does it mean to be creditworthy?. Think about your last purchase. How did you pay for it?. Cash, Debit, Credit, Check?. I need three volunteers to share their purchases and methods of payment.. 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. . 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?. Trinity Debt Management. The first step to getting out of debt and improving your credit score it to establish a budget so that you know how much you can afford to apply toward your debt each month (budget worksheet enclosed).. . What is a Credit Report?. . A credit report gives a picture of a persons’ history of borrowing and repaying money.. . There are three national bureaus or Credit Reporting Agencies (CRAs). . Equifax, Experian, TransUnion. 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?. Q Who can access Credit SenseAny FNB Community Bank customer can access Credit Sense within the Q Is there a feeNope Credit Sense is completely free for FNB Community Bank customerscredit score How of The Benefits of Reading Books The Benefits of Reading Books