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Did you know ...
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A good credit score creates opportunities for access to credit more rapidly and with better terms, and also gives you access to a larger amount of credit, assuming you can prudently manage and repay that credit. Lenders consider the amount of debt you can handle given your income, your employment history, your credit history, as well as staying within their institutional underwriting policies. Credit scores may range from 400 to 900 with the average around 700. According to the scoring model, as your score increases, your risk of default decreases.
Resource: Understanding Your Credit Score, Fair Isaac Corp.
"Remember that credit is money."
Benjamin Franklin
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The Institute for Financial Literacy offers, at no cost, a personal
fiscal fitness online course providing key information and skills to successfully manage money, one's financial future, and achieve
personal financial independence.
The course is holistic in design, completely objective and void of
any conflicts of interest. The fiscal fitness course introduces the
"Fiscal Fitness Life Cycle" and the essential "Six Elements of Personal Finance" that must be carefully balanced and considered throughout
life. |
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