PPT-What is a credit score? What makes up the number?

Why is it important Now ignore the number Pull your reports yearly for free Protect Yourself How can you build credit. How They Impact Your Financial Success. Presented by: Lynne A. Coverdale, MBA. Salin Bank & Trust Company . Background. The FICO . stands for Fair Isaac and Co., a company founded in 1956 by Bill Fair, an engineer, and Earl Isaac, a . Ben Collier. Senior Healthcare Business Banker. PNC Bank. The Credit Report Defined. The credit report is designed to give creditors a history of how one has handled their debt obligations. The credit report contains a list of historic debt, typically 7 years in the past. Essential question: What does it mean to be creditworthy?. Think about your last purchase. How did you pay for it?. Cash, Debit, Credit, Check?. I need three volunteers to share their purchases and methods of payment.. By Jessica Shake. The Importance of Being Credit Worthy. Do you know what your Credit Score is?. Understanding Your Credit. What is Credit exactly?. Why is it important?. How we can use credit to our own personal advantages. Credit Unions Care Foundation of Virginia. Help meet the social, moral and economic needs of Virginia communities. Focus on financial education . Cooperation among credit unions and local charities. Encourage . How They Impact Your Financial Success. Presented by: Lynne A. Coverdale, MBA. Salin Bank & Trust Company. l.coverdale@salin.com . Outline . Background . Components of a Credit Report. Users of Credit Data . Ben Collier. Senior Healthcare Business Banker. PNC Bank. The Credit Report Defined. The credit report is designed to give creditors a history of how one has handled their debt obligations. The credit report contains a list of historic debt, typically 7 years in the past. Professor Payne, Finance 4100. Learning Objectives. Know how credit cards work.. Understand the costs of credit.. Describe the different types of credit cards.. Know what determines your credit card worthiness and how to secure a credit card.. REPORT . AND . SCORE. PRESENTED BY GREEN. PATH. Sally Counselor. Certified Consumer Credit Counselor. TODAY’S. AGENDA. Credit Reports and Scores. Why is credit . i. mportant?. What’s in a credit report?. . What is a Credit Report?. . A credit report gives a picture of a persons’ history of borrowing and repaying money.. . There are three national bureaus or Credit Reporting Agencies (CRAs). . Equifax, Experian, TransUnion. gpa. Credit Score/. GPA. comparison. Many people suffered blows to . their. credit scores (. GPA. ) . during . the unstable . economy (. academic performance. ). of . the last few . years,. (. semesters. What would be considered good credit?. On average how many credit cards does the average household have?. How do credit cards make money?. Video. Who are credit card companies best and worst customers?. Death of spouse 100 Divorce 73 Marital Separation 65 Jail Term 63 Death of close family member 63 Personal injury or illness 53 Marriage 50 Fired at work 47 Marital reconciliation 45 Q Who can access Credit SenseAny FNB Community Bank customer can access Credit Sense within the Q Is there a feeNope Credit Sense is completely free for FNB Community Bank customerscredit score How of