Understanding credit
Download
1 / 17

“ Understanding Credit” - PowerPoint PPT Presentation


  • 145 Views
  • Uploaded on

“ Understanding Credit”. Presented by: Sulie Richardson. Learning Goals. Why use credit? Who wants to see report & why Understanding the credit reporting system What’s in your credit report How to dispute inaccurate information What makes up your credit score How to fix bad credit.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' “ Understanding Credit”' - zoe-noble


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Understanding credit

Understanding Credit”

Presented by: Sulie Richardson


Learning goals
Learning Goals

  • Why use credit?

  • Who wants to see report & why

  • Understanding the credit reporting system

  • What’s in your credit report

  • How to dispute inaccurate information

  • What makes up your credit score

  • How to fix bad credit



Know how much of your spend-able income is safe to spend on credit

Live within your

means

Have an adequate emergency fund

Have a written spending plan

Track your spending

Prerequisites to using credit

Pay all bills on time


Credit reporting system
Credit Reporting System credit

Credit Bureaus

Creditor

Consumer




Reviewing your credit report
Reviewing your credit report credit

  • Information is collected from creditors and public records

  • Disputing inaccurate information

    • 30 days to investigate and communicate


Other considerations
Other considerations credit

Note: There are no quick fixes to repairing credit…

  • Identity Theft Victim

  • Consolidate debts

  • Reduce unwanted credit card solicitations (optoutprescreen.com or call 888-5-opt-out)


Credit repair clinics
Credit credit Repair Clinics


Credit credit Score



  • New credit credit

  • Amount Owed to creditors

  • Length of credit history

  • Payment history

  • Types of credit currently in use

35%

30%

10%

10%

15%

Understanding Your Credit Score


Grow your credit score
Grow your credit score… credit

Make payments

on time

Savings secured loan

Secured credit

card

Pay creditors

Pay down credit cards and the revolving loans


Expensive credit
Expensive Credit credit

Refund anticipation loans

Rent-to-own

Car title loans

Beware of co-signing


Questions comments thank you
Questions & Comments! creditThank you!


ad