Presentation is loading. Please wait.

Presentation is loading. Please wait.

Give Yourself Some Credit

Published byHanna Dagmar Brodersen Modified over 5 years ago

Similar presentations

Presentation on theme: "Give Yourself Some Credit"— Presentation transcript:

1 Give Yourself Some Credit
Understanding Your Credit Report Stephen Herndon Economics 101

2 Credit Report Fundamentals
Generated by three companies Experian, Equifax, TransUnion Factors How much you owe to each company Payment history for each company Includes utilities, medical expenses, rent Credit Report Fundamentals

3 How FICO Is Calculated Range- 760 ( excellent) to 620 ( poor )
35 %- Payment history 30 % - Amounts owed 15 % - Credit history length 10 % - New Credit 10 % - Credit Types How FICO Is Calculated

4 Improve FICO Score Pay bills on time Avoid opening many new accounts
Open only if you intend to use Keep balances low Less than 25% of credit limit Review credit report yearly Improve FICO Score

Download ppt "Give Yourself Some Credit"

Similar presentations

Give Yourself Some Credit Understanding Your Credit Report Melanie Hurley Economics 101.

Give Yourself Some Credit Understanding Your Credit Report Melanie Hurley Economics 101.
1. Generatated by three companies Experian Equifax TransUnion Factors How much you owe to each company Payment history for each company Credit Card Companies.

1. Generatated by three companies Experian Equifax TransUnion Factors How much you owe to each company Payment history for each company Credit Card Companies.
 A record of your credit history that includes information about: ◦ Your identity ◦ Your existing credit ◦ Your public record ◦ Inquiries about you.

 A record of your credit history that includes information about: ◦ Your identity ◦ Your existing credit ◦ Your public record ◦ Inquiries about you.
Give Yourself Some Credit Understanding Your Credit Report Kaylee Prochniak Economics 101.

Give Yourself Some Credit Understanding Your Credit Report Kaylee Prochniak Economics 101.
GOOD CREDIT IS THE TICKET DO YOU KNOW HOW TO ACHIEVE IT?

GOOD CREDIT IS THE TICKET DO YOU KNOW HOW TO ACHIEVE IT?
© 2006 Consumer Jungle Credit Scores & Reports. Learning Target I can explain what can affect my credit score and how to improve it. © 2006 Consumer Jungle.

© 2006 Consumer Jungle Credit Scores & Reports. Learning Target I can explain what can affect my credit score and how to improve it. © 2006 Consumer Jungle.
SCORE SOME POINTS UNDERSTANDING AND RAISING YOUR CREDIT SCORE.

SCORE SOME POINTS UNDERSTANDING AND RAISING YOUR CREDIT SCORE.
CREDIT Why Worry About Credit? 1.You can easily get credit if you have never borrowed before and have not had any credit problems. Answer: False 2.You.

CREDIT Why Worry About Credit? 1.You can easily get credit if you have never borrowed before and have not had any credit problems. Answer: False 2.You.
Personal Finance QUIZ REVIEW – CREDIT CARDS, BANK ACCOUNTS, BUDGETING, ETC.

Personal Finance QUIZ REVIEW – CREDIT CARDS, BANK ACCOUNTS, BUDGETING, ETC.
© 2006 Consumer Jungle Credit Scores & Reports. Are you Creditworthy? Have you ever borrowed money? Did you pay it back? Did you pay it back quickly?

© 2006 Consumer Jungle Credit Scores & Reports. Are you Creditworthy? Have you ever borrowed money? Did you pay it back? Did you pay it back quickly?
To Your Credit 1. 2 Purpose To Your Credit will: Show you how to read a credit report. Help you build and repair your credit history.

To Your Credit 1. 2 Purpose To Your Credit will: Show you how to read a credit report. Help you build and repair your credit history.
Unit 4 Consumer Credit Part 5 Credit Reports Dollars and Sense.

Unit 4 Consumer Credit Part 5 Credit Reports Dollars and Sense.
 the ability to borrow money in return for the promise of REPAYMENT  Before using credit you should ask your self:  Is it a want or a need?  Do you.

 the ability to borrow money in return for the promise of REPAYMENT  Before using credit you should ask your self:  Is it a want or a need?  Do you.
Credit Josh Lienau, Natalie Skelton, Derek Lomibao, Erika Stauss, Cheyanne Decker.

Credit Josh Lienau, Natalie Skelton, Derek Lomibao, Erika Stauss, Cheyanne Decker.
SCORE SOME POINTS UNDERSTANDING AND RAISING YOUR CREDIT SCORE.

SCORE SOME POINTS UNDERSTANDING AND RAISING YOUR CREDIT SCORE.
Credit Reports. What is a Credit Report? Credit Report: A record of past borrowing and repayment of debts.

Credit Reports. What is a Credit Report? Credit Report: A record of past borrowing and repayment of debts.
Personal Finance. The three Cs of Credit 1. Capacity  Do you have a steady job?  What is your salary?  How reliable is your income?  Do you have other.

Personal Finance. The three Cs of Credit 1. Capacity  Do you have a steady job?  What is your salary?  How reliable is your income?  Do you have other.
CREDIT RATING CREDIT RATING& CREDIT REPORTS. Credit Reports A credit report is a document which includes information on your level of indebtedness and.

CREDIT RATING CREDIT RATING& CREDIT REPORTS. Credit Reports A credit report is a document which includes information on your level of indebtedness and.
Give Yourself Some Credit Understanding Your Credit Report Student Name - Economics 101.

Give Yourself Some Credit Understanding Your Credit Report Student Name - Economics 101.
The Three C’s of Credit Objectives: – Students will be able to describe the “Three C’s of Credit (Capacity, character, and collateral) and factors used.

The Three C’s of Credit Objectives: – Students will be able to describe the “Three C’s of Credit (Capacity, character, and collateral) and factors used.

Similar presentations

Ads by Google