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 Presented by. Stephen McQueen, CPA,. of the Financial Literacy Committee . of the Colorado Society of CPAs. Understanding Credit - Outline. Homework Review. Importance of Credit Report. Sample Credit Report - Review. 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. 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. 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. . 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. 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).. Consumer Math Unit 3. What do you already know?. Do your parents have credit cards?. Do you have credit cards?. It’s safe to borrow how much?. List out all the things you already know about credit cards and credit scores!. 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. How to fix, improve and protect your credit score. Why is it important?. FICO Scores are your credit rating. Most lenders base approval upon them. Higher scores means better credit, lower interest rates and lower payments. . 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?.