1. Smart Credit

2. What is a Credit Card?

3. Credit Cards
They are money you have to pay
back
They can help pay for
necessities and emergencies.
They can help you establish
your credit history.

4. Your Credit History is Credit Report + Credit Score = Credit History
The three major credit bureaus
in the United States are Experian, Equifax, and TransUnion.

5. Interesting fact:
Cell phone bills aren’t included,
but broken contracts and charge offs can appear.

6. What Does Your Credit Score Say?

7. Impact of FICO on Home Buying

8. Ways to Improve Your Credit Score
Get a credit card, use it, and keep the balance low.
Get a loan and repay it (biggest impact).
Dispute old negative charges.
Ask for a credit limit increase and do not use it.
Fact: Credit repair companies can only legally dispute inaccurate information on a credit report,
which you may do yourself for free.

9. Your Credit Report Things to consider…
An employer can NOT get a copy of your credit report without your permission.
You can get a free credit report if you have been denied credit or if you live in one of the five states with laws mandating annual free credit reports.
Fact: If you marry, your credit report stays the
same. The only information on both spouses’
reports is joint accounts or those for which
one spouse is an authorized user.

10. Paying for College

11. Types of Aid Work Study Grants Loans Scholar- ships Loans
Must be repaid with interest 6 months after graduating.
Subsidized- do not accrue interest while in school
Unsubsidized accrue interest while in school.
Acquired from public and private sources does not have to be repaid.
Money earned while working on campus, does not have to be repaid.
Loans
Loans
Grants
Scholar-
ships
Work Study
Money you do not have to repay, usually need based and first-come basis.

12. Pay Off as Quickly As You Can!

13. Budgeting

14. Budgets help you save money and understand where your money is going.
Creating a Budget?
Budgets help you save money and understand where your money is going.
1. Determine your monthly income.
2. Determine how much you spend monthly on must haves, wants, and savings/debts.
3. Reduce your spending of much haves to no more than 50% of your income. Reduce your wants to no more than 30% of your income. Reduce your debts to no more than 20% of your income and save or invest the rest!
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