PPT-Credit Scores

How They Impact Your Financial Success Presented by Lynne A Coverdale MBA Salin Bank amp Trust Company lcoverdalesalincom Outline Background Components of a Credit Report Users of Credit Data . 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 . Credit Scores. What We’re Covering Today. What is a credit score/rating?. What is a FICO score?. Why do I have more than one credit score/rating?. Why is my credit score important?. How can I improve my score?. 2. Copyright © Texas Education Agency, 2012. All rights reserved.. Copyright © Texas Education Agency, 2012. . These Materials are copyrighted © and trademarked ™ as the property of the Texas Education Agency (TEA) and may not be reproduced without the express written permission of TEA, except under the following conditions:. High School Students. Provide an overview of WorkKeys assessments. Explain how WorkKeys scores are calculated and what they mean. Explain the difference between Level Scores and Scale Scores. Demonstrate how students can use their WorkKeys scores. The National Economics Department. Financial Freedom Campaign. NAACP. Agenda. What is Credit?. Pros & Cons. Types of Credit. Understanding Financial Institutions. Importance of Building Credit. Credit Building V.S. Non Credit Building. 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. CAS Ratemaking and Product Management. Spring 2012 – March 20. 1. 2. What are Credit-based Insurance Scores?. . A numeric representation of relative insurance claim risk based on consumer credit details. 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?. Your. . tool. to . closing. more . loans. . saving. time & building . referrals. !. Credit Repair vs. Your Trusted Credit Reporting Professionals. Who is the presenter?. Vic Melillo. -. . 25 year credit . Advanced Level. Good Morning! 4/7/14. EverFi. Credit Score was due Friday. Lose 10%/day – remember summative grade of 100 points. EverFi. Payments, Interest and Credit Cards is due THIS FRIDAY, April 11. Module 6. Credit Reports and Scores. September 2018. 1. Pre-Training Survey. See page 57 in your Participant Guide . 2. Section 1: Credit Reports. Section 1. Credit Reports. See page 3 in your Participant Guide. What are FICOScoresFICOScores are the most widely used credit scores Each FICOScore is a threedigit number calculated from the data on your credit reports at the three major consumer reporting agencie