Last Updated on Tuesday, 05 November 2013 03:53
- Your credit score is based on the 3 “Cs” of credit: Collateral, Capacity and Character
- Credit scores were developed to combat discrimination in lending
- Pull your credit report at least once a year through annualcreditreport.com to find and correct errors and check your credit accounts
- Someone with “bad” credit could pay more than $250,000 more over a lifetime in interest and fees than someone with “good” credit
- Protect your information from identity theft online, in stores and when paying in stores or restaurants and among family members – where most identity theft occurs
Financial Suggestions Provided By:
Consumer Credit Counseling Service of Central Oklahoma – CCCS is a non-profit agency committed to helping people help themselves become financially strong individuals and families through counseling, debt management and education. www.cccsok.org or 405-789-2227 or 800-364-2227
- FINRA Investor Education Foundation - www.saveandinvest.org - Unbiased financial tools and information for military families and all investors from the FINRA Foundation.
- Annual Credit Report - www.annualcreditreport.com - Monitor and review your credit report with the big three credit agencies. TransUnion, Experian, Equifax.
- Federal Reserve Consumer Information - www.federalreserve.gov/consumerinfo - This new guide includes answers to common questions about your credit report, such as how your credit score is calculated, and how to fix errors found in your credit report.
- Federal Trade Commission - www.ftc.gov/bcp/edu/microsites/idtheft - Provides detailed information to help you deter, detect, and defend against identity theft.
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An array of personal finance answers written in Mary Hunt’s warm, relevant and non-judgmental style
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Learn how to: avoid overspending; establish a realistic budget; get out of debt now; build a financial cushion; read and understand your credit report; get mistakes on your credit report fixed; protect your social security number; avoid credit discrimination; get positive information added to your credit report; negotiate with creditors. Includes forms and letters on CD-ROM.