What does Credit Score means? Credit score is the way different credit entities rate how responsible is the person at the moment of spending or paying bills. In the United States, the credit is simply one of the most powerful keys to get things we all want or need for our lives. To make a point, I am going to ask you to picture the house of your dreams. Then think how are you going to pay for it? The answer is, unless you are lucky enough to hit the lottery, the only other way is financing it, but not everyone has an A1 credit. Therefore, to achieve that goal we are going to need to build a lot of credit credibility also known as credit score. The most important facts explained in the presentation where: How does it work? How to build it? And last but not least what hurts our personal score? These important facts are the most fundamental things when we start to talk about credit.
First of all, How dos the credit score works? The credit score is the credit reliability each one has proven over the past years. The credit rate in the United States stands from 300
Having a good credit score is important for a person future because it can help them buy a house, a car or apply for credit cards. In the United States, if a person does not have a good credit score they will not be able to make their dreams real. Unless you win the lottery, which in the case they will not need to worry about their credit. According to the speaker, the better credit score a person have the better opportunity in life they will have because banks or financial institutes will look at each person credit to see if they will approve them for a loan. A good website to use is Credit Karma because it gives the person their credit score information for free. People should know how to manage their credit and to pay their bills on
At the end of the day, credit shows true financial independence and having excellent credit can get you what you want and save you a lot of money in the long run with the possibly of lower interest rates. Credit is a universal number that landlords, lenders, finance company and even an employer look at to determine your
At some point in life, I will need to buy a car, house, or other commodity. There also is a large possibility that I will have a credit card in the near future. Knowing and learning more about this “debt trap” that other Americans are falling into, can help prevent me from making the same mistakes. Also, knowing about this problem can help us as a society be more understanding to people who are lower class. People could be victims of some of these traps and without knowing how someone got to the social status they are, we cannot make assumptions and put the blame all onto them.
The authors statements in his essay are ones every student coming into college age should hear. Though it is widely known that our economy has been through hard times, it is great to hear the prospective of a college student learning valuable life lessons. The motivation to use this first hand knowledge and see its potential to motivate himself through his studies is a lesson for all students.
No one likes a bad credit score and many people put a lot of effort in managing their scores in a better way. However, many times, willingly or unwillingly, they make mistakes that negatively affect this number. Such mistakes have long-term consequences and if not rectified properly, can adversely affect your credit score. And it will take a long time to improve once it goes down for any reason.
Getting ahead in school work is something that most people want to do. Whether it be just taking AP courses, skipping a grade, or taking dual credit classes. If you want to take AP classes at Legacy, sorry, you’re out of luck. However, there is an alternative way to earn college credit at Legacy. This is by taking dual credit classes. Taking a dual credit class means that you will be taking a college course that is given by a college for both college credit and high school credit. Yes, you read that right. If you do dual credit, you will be taking college level courses, and BE in college while you are in high school.
An ideal life starts with one’s self. Overtime the building of relationships factor into your short and long-term goals to arrive at your future. It is your responsibility to create yourself into whatever it takes to reach the ideal life. As you struggle, several resources and means will make your ideal life that much easier to accomplish. Throughout it, the most important resource is your reputation; one way to build a reputation is debt. The character of reputation gained from debt is a pivotal step to achieve the ideal life through the role debt plays in our economy.
However, a students’ SAT score indicates if they are college ready; it predicts if a students’ GPA will be high within the first year of college (Walpole 2008).
Is it necessary to have a college degree before having the opportunity to experience the dream career of your choice? Depending on what background you came from, there are different reasons why we go to college. Most of us go due to career change/job position, increase our intellect/knowledge, not to be stigmatized, playing as a role model either to our children or even someone that we care of. In his essay, “A College Education: What Is Its Purpose?” Andrew DelBanco mentioned the three reasons college still matters which are: Economic (A college degree has replaced the high school diploma as “the minimum requirement into the skilled labor market.”), Opportunity (Our democratic form of government requires an educated
Numerous college students own a credit card and half are seriously in credit card debt. Credit scores, payments missing, and interest rates can be financially devastating. There are some factors that contribute to college students being in credit card debt like college students actually paying for tuition, school supplies, and textbooks. Jill M. Norvilitis and Philip Santa Maria points out that “it does not matter what type of card individuals use, the reasons are particularly understood; for college students, credit cards are their only means for paying for their education”. The Card Act helps guide students in campus and informing them about the agreements of the card and preparing them to get financial experience. Some individuals agree that college students are applying for a credit card at a young age and getting in debt early. Even though college is a place where teenagers come to gain information and skills for jobs or to get in debt; should college students have a credit card?
When a person decides to engage in a higher education, such as college, they can get a good job and that in it can make a credit score go up. Going to college, can provide the necessary job training, skill set, or characteristics a particular job may need. A person with experience or the skills will most likely be chosen for the job than a person who posses only one of those traits or neither. Securing ones future financially has become one of the main focuses of this world. Securing a person’s future not only affects their present but it allows room for mistakes in the future or for financial difficulties in the future. In the 1920’s when stock markets crashed and people who owed banks money could not pay them back, they lost jobs and even homes. If one advances his education they can get a job, become stable in that job, save, and therefore secure themselves for any downfalls or instability that may occur in the future. In this world today life is not easy. Everyone is either trying to become #1 or is already #1. Going to college will better a person’s probability of having financial future
“The first is that they could be the nation’s most powerful tools to improve the opportunities of less privileged Americans, giving them a shot at harnessing a fast –changing job market and building a more equitable, inclusive society for all of us” said Porter (page1). Community college make students important to the society because, they can go to school, work and be available for their family at the same time. Students can save thousands of dollars while attending community college and work. Also it easy for students with per-term jobs to pay for their tuition fees with the help of payment plan. For example, I came to the United States five years ago and got a part term job. I started school at Truman College and I was told by my advisor that I can transfer to a four year college in next two years. Later my advisor explained to me about four years college tuition fees which I wasn’t a citizen then. Then I asked my advisor what if I stay more years at Truman to graduate since I work and stay with my family. Then my advisor told me it a good idea since I work and at the same time I can afford to pay for my classes. This are the benefit a student can benefit from going to community college. Community college makes life easy for students to study and take care of other responsibilities.
I. Main Point 2: It is important to pay your credit card balance off every month. If you do
Finding a mortgage can be just as difficult as the home itself. There are more mortgages than there are possible homes. There are many factors that determine the amount of the mortgage and the interest on it. Credit bureaus such as Equifax, TransUnion, and Experian determine if the person has enough credit for a home loan. An acceptable credit score ranges from 620 and up for a mortgage. This is a very important facet because a person’s score can change the rate of interest. Other important factors that decide interest rate are the types of documents presented to the mortgage lenders.
The balance scorecard has evolved from a simple performance measurement tool into a framework assisting with strategy management (Person, 2009). It takes a visual strategy map and provides links into how the organization intends to measure success against this strategy. The scorecard consists of measures surrounding finance, customer and marketplace, internal operations, and learning and
At the same time a balance score card intergraded with Accounting Information System allows the companies to collect rightfull information, analyse the data and make evidence based decisions. (Marr, 2010).