Session 9 – Build Strong Credit: Resolve, improve and maintain your credit
Your credit report is a snapshot of your dealings with creditors. Items like your payment history, outstanding loans and general indebtedness are statistically evaluated by the credit bureaus such as Equifax, TransUnion and Experian. Based upon a compilation of that data, among other factors, you are assigned a number, generally between 300 and 850, with the lower number being less credit worthy and the higher number being more credit worthy.
This Session looks at Credit Building and how your credit history is reviewed by potential lenders when you want them to grant you a loan. It also discusses why your credit can be positive or negative and the steps you can take to correct credit errors.
If you have not done so already, it is highly recommended that you obtain your credit report so you can review it and, if necessary, take steps to correct it and make smarter money decisions for an improved credit score. We also encourage you to browse the Credit Building Section of the FSB™ Resource library to become more informed on the subject of credit building.
Next Session: Financial Check Up: Assess and reduce common bills
