This is a basic slideshow about the costs and benefits of credit. Especially informative for young adults or those who are applying for credit for the first time.
2. Benefits of good credit Convenience and emergency protection for unexpected disasters Allows budget flexibility Can help lower your overall cost of living by making you eligible for best rates on insurance, interest, etc.
10. 1-800-685-1111 www.equifax.com Equifax PO Box 740123 Atlanta, GA 30374-0123 1-800-888-4213 www.transunion.com Transunion PO Box 2000 Chester, PA 19022 1-888-397-3742 www.experian.com Experian 475 Anton Blvd. Costa Mesa, CA 92626 www.annualcreditreport.com 1-877-322-8228 Annual Credit Report Request Service PO Box 105283 Atlanta, GA 30348-5283 How to obtain credit reports & scores
11. What is credit scoring? A numerical score between 300-850 Determines if credit is granted, the amount offered, and interest rate Bill payment history, number and types of accounts, late payments, collection actions, outstanding debt and age of accounts are all factors in assigning a credit score
12. Determining credit scores An individual’s data is compared to consumers with a similar profile and a score is assigned based on factors that predict who is most likely to repay a debt
23. Breaking the Cycle of Debt Put yourself in control Find out where you are today Establish or update your Spending Plan Track your successes Reward yourself along the way