Givemealittlecredit-Experian.ppt

Experian subscription-based credit monitoring and unlimited Experian credit reports and scores, consumer assistance and education resources Credit Educator Personalized review and guidance about your credit report and score by an Experian professional for a nominal fee. /consumer-products/credit-educator.html Experian Consumer Resources – Credit and beyond ProtectMyID.com For fee service that monitors credit report and other sources to provide early alert to identity theft and services to aid in rapid recovery www.AutoC For fee vehicle history reports to help consumers make good pre-owned auto purchasing decisions * * * Is credit a good thing or a bad thing? Well, it can be both. Everyone wants the privilege of using credit, but that means you have to maintain it in a positive manner – pay your bills on time, be responsible for your actions, save for the items you want to purchase, and only buy them when you have the adequate funds to pay back the debt. Credit should never be used to spend more than you make. The choice between good credit and bad credit is entirely up to you. Like most things, if you abuse the privilege, it will end up hurting you in the end. But if you learn to use credit wisely, you can enjoy the good life, and the positive force that comes with that. * The biggest mistake you can make is to confuse credit with debt. Using credit cards does not mean that you should take on debt. If you pay your balance in full each month, you get to use the bank’s money for a month, you have buyer protection, and you never pay a penny in finance charges. If you use your card enough to justify the cost, it can also be smart to pay an annual fee to earn rewards such as cash back or frequent flyer points. If you think of credit as a negative to be avoided, then you aren’t living credit smart. * * Three companies maintain national credit reporting databases -- Experian, Equifax, and Trans Union. When a subscriber purchases a credit report, they choose o