Credit

Personal credit allows consumers to buy homes, and cars, pay for college tuition and have things in the present that are then paid for in the future. Essentially, our economy was built on the extension of credit and the ensuing debt it creates. Consumer credit is an important element of the United States economy. A consumer’s ability to borrow money easily allows a well-managed economy to function more efficiently and stimulates economic growth. Albeit this is a great concept, consumers consistently find themselves in financial ruin from accumulated debt.

Breadwinners Academy takes a hand on approach on how to build personal credit while avoiding common mistakes made by consumers.

Topics we will cover:

1. FICO 101

   a. Payment history

   b. Credit utilization

   c. Credit history

   d. Credit age

   e. Inquiries

   f. Installment accounts

   g. Revolving accounts

2. Credit cards

3. Auto/Home loans