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DAY, MONTH 00, 2015 |
Sponsored Newspapers In Education Content
Your credit report and score need
your attention. They affect:
• Eligibility for a loan
• Insurance rates
• Eligibility to rent or purchase
a place to live
• Employment
MAKE A CREDIT ACTION PLAN
Decide how you are going to use the card
• Emergencies only or everyday expenses?
• Will you pay it off each month or carry a balance?
Shop around for the best card for you
• APR
• Annual fees
• Review fees and penalties
Set good habits
• Set a personal spending limit on the card(s)
• Don’t miss payments
• Set up text/email alerts, dues dates, balances etc.
FIRST CREDIT CARD
ACTION PLAN
CREDIT SCORE
AND REPORT
A credit report is like your report card from school,
but instead of a list of classes you’ve taken, it is
a list of credit lines you’ve taken. It includes:
• Any lines of credit or accounts a person
has open, like credit cards or loans
• Credit inquiries, or times when companies
have checked your credit, within the
last two years
• Public records and collections
• Personal information such as your name,
birthday, social security number and more
There are three bureaus who give credit reports;
Transunion, Experian, and Equifax. The ONLY place
you can get one free report from each bureau every
12 months is at
.
CREDIT
REPORT
Have your students explore
credit reports by going to
annualcreditreport.com
to learn more about scores,
reports and impacts.
TEACHERS
