slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
The ABCs of Credit Card Finance Essential Facts for Students PowerPoint Presentation
Download Presentation
The ABCs of Credit Card Finance Essential Facts for Students

Loading in 2 Seconds...

play fullscreen
1 / 29

The ABCs of Credit Card Finance Essential Facts for Students - PowerPoint PPT Presentation


  • 128 Views
  • Uploaded on

The ABCs of Credit Card Finance Essential Facts for Students. 2009 Carol A. Carolan, Ph.D. Essential Facts … Two Groups of Information. Credit Card Costs Credit Card Behaviors. 2. Credit Card Costs. 3. Annual Fees Interest Annual Percentage Rate (APR)

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 'The ABCs of Credit Card Finance Essential Facts for Students' - luke


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
essential facts two groups of information
Essential Facts … Two Groups of Information
  • Credit Card Costs
  • Credit Card Behaviors

2

slide5
Annual Fees
  • Interest

Annual Percentage Rate (APR)

  • Average Daily Balance Method
  • Cash Advances
  • Convenience Checks
  • Default Rates

4

slide6
Low Interest Introductory Rates
  • Balance Transfers
  • Late Fees
  • Over Credit Limit Fees
  • Bounced Check Fees
  • Currency Conversion Fees
  • Pay by Phone Fees

5

look for
Look For:
  • A Low Annual Percentage Rate (APR)
  • No Annual Fee
  • A Long Grace Period
  • Average Daily Balance Method
  • Low Fees

7

types of credit card users
Types of Credit Card Users
  • Convenience Users
  • “Revolvers”

8

slide11
Introduced by Senator Schumer
  • A Grid Containing Rates & Fees
  • Easy to Compare Credit Card Offers
  • Information Below Box Too

10

slide13
One Card
  • Student Loans for Tuition
  • Wants vs. Needs
  • Convenience
  • Pay More Than the MMP
  • Be a Manager

12

slide14
Don’t Skip Payments
  • Pay on Time
  • Don’t Exceed Your Credit Limit
  • Cash Advances
  • Convenience Checks
  • Be Wary of Teaser Rates

13

slide15
Credit Card Shuffle
  • Low Credit Limit
  • Quickly Mail Payments
  • Save Receipts
  • Change of Address
  • Lost and Stolen Cards

14

getting out of debt
Getting Out of Debt
  • Don’tDeny the Problem
  • Stop Using Your Card
  • Contact Your Credit Card Issuer
  • Get a Job
  • Reduce Expenses
  • Talk about Your Problems
  • Debt Consolidation

16

credit report
Credit Report
  • Collection of Information
  • Financial Report Card
  • Lenders Use this Information
  • 3 Main Credit Reporting Agencies
  • Regularly Review Your Credit Reports

18

credit score
Credit Score
  • Numeric Value Applied to a Credit Report
  • Usually Called a FICO Score
  • Higher is Better

19

what goes into our credit scores
What Goes Into OurCredit Scores?
  • 35% Payment History
  • 30% Total Amount Owed

“Debt-to-Credit Limit Ratio”

  • 15% Length of Credit History
  • 10% New Credit
  • 10% Types of Credit

20

slide23

Denial of Credit

  • High Interest Rates
  • Difficulty Renting an Apartment
  • Denied Employment
  • Graduate School Rejection
  • Higher Insurance Premiums
  • Big Bucks for Cell Phones
  • Higher Deposits

22

signs of identity theft
Signs of Identity Theft
  • Card/Statement Not Requested
  • Statement Not Received
  • Unauthorized Charges
  • Denied Credit
  • Debt Collectors

24

minimize the risk
Minimize the Risk…
  • Keep Personal Information Personal
  • Don’t Use Social Security Number
  • Leave Social Security Card Home
  • Carry Only What’s Needed
  • Photo ID Credit Card
  • Know Your Billing Cycles

25

slide27
Shred Receipts
  • Use the Post Office
  • Creative Passwords
  • Purchase on Secure Websites
  • Keep Personal Information Safe
  • Review Credit Reports
  • Computer Virus Protection

26

victims of identity theft should
Victims of Identity Theft Should…
  • Contact the Big Three
  • Fraud Alert
  • Order Free Credit Reports & Review
  • Call Fraud Departments
  • Close Fraudulent Accounts
  • File a Police Report
  • Contact the FTC

27