In celebration of Get Smart About Credit Day 2013, during the month of October thousands of bankers will volunteer their time to teach young adults about the responsible use of credit and how credit can affect them. Sponsored by the American Bankers Association, Get Smart About Credit is a national campaign aimed at raising awareness about the importance of using credit wisely.
Will you get smart about credit this October 17th? Check out some of these worksheets, guides and tools to help you whether you want to learn the basics about credit, how to obtain credit, how to use credit responsibly, or how to improve your credit score.
To get started and learn how to build a positive credit history, download ACCC’s Understanding Credit Reports guide here. This resource will help you understand what a credit report is, how your credit score is calculated, how to request a copy of your credit report, and how to spot credit reporting errors.
Should you find a mistake on your credit report such as fraud or mistaken identity, download ACCC’s sample credit report dispute letter here. Use this template to contact the particular agency that has the incorrect information.
If you have college bound children, give them a copy of ACCC’s Financial Workbook (download a copy here) for pre-college and current college students to help them foster a positive relationship with credit. Remember that it’s never too early to teach your kids about money. To download workbooks for younger children, check out the Teach Kids About Money homepage.
If you are interested in how to pay down your credit card debt, check out Janice’s post about the snowball vs. the avalanche method of paying down debt.
How do you manage credit? Will you participate in Get Smart About Credit Day this year?