What's New With....Managing Credit?

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Feb 16, 2018
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Credit Cards, Credit Reports, Credit Scores, Current Events

Identity Theft

  • In the wake of the Equifax breach, many took action to protect themselves, and faced some frustration. In case you haven’t taken action yet, here is what you can do. Oh, and apparently the breach was worse than initially reported, according to Consumer Reports.
  • Is CFPB continuing their Equifax probe? Reuters reports they are putting it "on ice." 
  • Oops, the I.R.S. forgot to notify almost 500,000 taxpayers that their information was being used by others for employment purposes. 
  • Here's a new term to get familiar with, synthetic identity theft. It's fast growing and targets minors according to The Hill. 

Credit History

Managing Debt

  • If you thought filling out the FAFSA was the hard part, once you graduate you must learn how to successfully manage your debt.  Here is some good information to get you started off on the right foot.  
  • Credit card debt has reached record levels.  Read why this may be signs of trouble.
  • Forbes offers some suggestion on how to avoid getting into too much debt yourself.

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Check out NGPF's Managing Credit resource page for lots of ideas on how to bring this topic to life for students. Here's a favorite activity, Interactive: FICO Credit Scores where students get an opportunity to predict credit scores given certain student profiles. 

About the Author

Beth Tallman

Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.