Did you know that with good credit you can improve your chances to obtain lower interest auto loans, lower insurance rates, and lower credit card interest rates? It can improve your opportunities for better housing and better employment. Do you know your rights as a consumer? How about laws that will protect those rights and that you can use when hounded by creditors? Have you found it tough to implement a budget and stick with it?
During the one-on-one counseling session, your credit report will be pulled from the three reporting agencies. This is considered a soft hit and will have no impact on your credit score. An action plan to determine what steps can be taken by you and the agency to help accomplish your goals will be developed. You will be accountable not only to the counselor, but to yourself to complete those goals. The Counselor, with your permission, may also interact directly with a creditor to negotiate a reduction in payment or pay-off. And during this time you will be encouraged to sign-up for Finance Smart to help you learn and implement money-management skills.
This 5 hour class is offered to anyone in the community who needs the basic steps and/or a refresher in better money management. It goes over the rights of the consumers and laws that protect them. Taught by certified counselors in financial education, it offers a practical approach to establishing a budget, recognizing personal money habits, steps to repair damaged credit and how to protect good credit. For those establishing an IDA or Individual Development Account, class hours can be applied towards the financial education requirement. Classes are scheduled as demanded with a minimum of 5 attending.
Setting financial goals.
The financial education class addresses the following subjects:
- Distinguishing between wants and needs
- Creating a spending plan or budget
- Building or rebuilding credit
- Managing debt
- Creating savings and shopping for financial and banking services
- Important information about consumerism, credit card, and predatory lending
- Credit repair issues are addressed