PDF-Take control of your credit score A guide to understan

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 . 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.. By Jessica Shake. The Importance of Being Credit Worthy. Do you know what your Credit Score is?. Understanding Your Credit. What is Credit exactly?. Why is it important?. How we can use credit to our own personal advantages. 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. . Professor Payne, Finance 4100. Learning Objectives. Know how credit cards work.. Understand the costs of credit.. Describe the different types of credit cards.. Know what determines your credit card worthiness and how to secure a credit card.. . 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. 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. 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?. 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 The Benefits of Reading Books The Benefits of Reading Books