Understanding Credit Part 1

For better or worse, credit is something that most students use in the form of student loans, credit cards or car loans.  But how much do you really know about your credit? Do you know what information goes into your credit report or who collects the information? Do you know who to avoid damaging your credit report?

Statistics show that many students get into trouble with credit while in college.

  • In the United States, one in five students graduates with over $7,000 in credit card debt*.
  • Missed payments, large debt loads or, in some cases, no credit history at all, can constrict credit opportunities for you in the future.
  • Car loans, mortgages and even your insurance premiums could cost you more than if you had good credit.
  • These days some employers even look at your credit history!

This workshop provides an introduction to credit as well as what goes into your credit report and score.  Instructors will review and discuss the realities about debt in college.

Participation in this workshop also qualifies you to participate in Free Credit Review Day, where you can get a free copy of your credit report score as well as a 20 minute professional analysis of both.

Taught by: LEAD Peer Advisors