PPT-IMPROVE YOUR CREDIT SCORE

IN 4 EASY STEPS Oraynab Jwayyed wwwbusinessinterludescom 1 Pay down your debt Tackle those looming balances by paying them off on time Cant pay the whole balance Pay more than the minimum every month. 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 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 . 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. 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 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 . What is a credit report and why is it important to you?. A credit report is a record of your credit history that includes information about: Your identity, your existing credit, Your public record, Inquiries about you. . 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. 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.. 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!. . 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. 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?.