https://padlet.com/ldpugh/g8dpnsg3hwk6 Made with charm en-us 2017-01-30 19:10:37 UTC 2017-02-01 18:01:42 UTC hello@padlet.com ldpugh https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150358737 Video: "Maintaining Good Credit" NBC Learn

3 large credit bureaus
Experien, Equifax, transunion

credit affects wheter you can get a mortgage or job

Pay on time

cancel unused cards

get only as much credit as you need

avoid joint credit

check for errors on credit reports- request for reinvestigation form

can write a statement on your report explaining yourself

Pay your bill in full

Paying late fees cost 20-30 dollars
Interest rates go up after two late payments

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Video: https://www.youtube.com/watch?v=m6IiMIzfeC0

"Managing Credit Card Debt" YouTube

skyrocketing 2010- trillion dollars credit card debt

credit cards lead to future problems

credit debt can be traced back to young age charges

don't spend more than what you make]]> 2017-01-30 19:18:30 UTC https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150358737 mjoiner https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150364410 People who pay to promptly and people who pay to late cause issues for banks. For those who pay to quickly banks are becoming annoyed because they are not making money from the interest that they are charging. Fees for customers are starting to become more frequent because banks aren't making enough money in their opinion. It is best to shop around and look at the best option for you so that you won't get hit with all these types of fees from your bank. ]]> 2017-01-30 19:33:02 UTC https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150364410 kmchandler2 https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150366164 • The U.S is $850 Million doll
•The less credit cards you have, the better you will do
• If you have had a problem with credit cards, an 100-word statement can be submitted on your credit report for forgiveness 

]]> 2017-01-30 19:37:38 UTC https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150366164 https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150637349 Video: "How to Maintain a Good Credit Score"

+ Don't have a lot of cards

+ Be careful of joint credit (for the most part just don't do joint credit because both credit reports are affected by overspending, etc. by one person)

+ Look at your credit reports before you apply for a job, a mortgage, etc.

""How to Get Out of Credit Card Debt"
+ Use savings first (especially if you're not getting very much interest on them)
+ Pay off one credit card at a time
+ Get rid of store credit cards
+ Sell assets (like a third card or jewelry)
+ Possibly use a home equity loan or borrow from 401k
+ File bankruptcy as a last resort



]]> 2017-01-31 18:31:08 UTC https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150637349 ldpugh https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150704467 https://docs.google.com/document/d/16w0F8Rhi7cKV87uWR5sDQxsn-qcqdRMbN2ROSna25CE/edit?usp=sharing]]> 2017-01-31 22:10:23 UTC https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150704467 ldpugh https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150704858 https://docs.google.com/presentation/d/1w70nq7T9Bkqz8dbyV3GvaXXcOXDBS1OLInvb6ztPrN0/edit?usp=sharing]]> 2017-01-31 22:13:25 UTC https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150704858 https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150727608 Video: What You Don't Know About Your Credit Card

Rather than annual fees late fees have increased and have more penalty fees and interest
Risk Based Repricing: Rules and rates may change if you have more than one credit card based on your use of those credit cards
Often if your credit card is not used frequently the account will be closed]]> 2017-02-01 02:04:45 UTC https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150727608 mjoiner https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150905650 Knowing how and when to use a credit card is very important in today’s society. There are thousands of different credit cards out there to use and everyone should be mindful of the risk as well as the benefits of using one. Your credit score reflects on how timely you are on paying your bills, like a car payment, loans, etc. Choosing a credit card is like trying on clothes you have to find the right fit.  Based off of your income and the amount of credit that is on the card is something you should know before getting one. Knowing the interest is also an important factor when looking to get a credit card, the interest is the amount you payback once you start using the card as well as if you don’t make a payment on time. This all affects your credit score and if banks or credit unions want to loan you the money. From the research that we have done we discovered that you should look at your credit reports before applying for a job or mortgage. Also avoiding joint credit is important because if someone isn’t keeping up with their bills it affects you as well. If you do not keep up with your credit card this can cause problems for you in the future, just because we have credit card doesn’t mean we have to use it all the time. From reading it is best to use credit cards for smaller purchases like gas or groceries because it is a small amount and can be paid back in a time manner. Most people get in trouble with cards because they spend more than they make. This should never happen because it puts you in a hole which you may not be able to get out of, which damages your credit. Credit cards can be very useful as long as they are used carefully and responsibly. They are a great way to start building credit for bigger purchases like buying a car or house. Credit cards are a great asset and should be used the right way. ]]> 2017-02-01 17:07:03 UTC https://padlet.com/ldpugh/g8dpnsg3hwk6/wish/150905650