Category: Credit Reports

FinCap Friday: The Credit Deep Freeze

|
Sep 13, 2018
|
FinCap Fridays, Credit Reports, Current Events, Credit Scores, Policy
This week's FinCap Friday focuses on the one year anniversary of the great Equifax hack (not so great if you were one of its victims) and a new regulation to help protect the minors in your class:  New to NGPF's FinCap Friday? It's a fun way to engage your students with current events and includes: A five question Kahoot! A 90 second video providing details about the current event and explaining why it matters to students A discussion prompt Activity ideas to extend the learning...

Looking to use more infographics in your classroom? Here's a few good ones to use (and the brain science behind it)

|
Aug 09, 2018
|
Credit Reports, Investing, Personal Finance, Savings
Do your students seem very engaged with the infographics that you are using in your lessons?  Here's the brain science behind why they have become so successful as a teaching device. Some of the more interesting factoids from this infographic (of course, it's an infographic about the power of infographics): Information overload is real: Color graphics make us 80% more willing to read: When providing directions, illustrations (or YouTube) videos are a must: ---------------------- We...

Cartoons: Why Do Credit Scores Matter?

|
Jul 19, 2018
|
Cartoons, Credit Scores, Credit Reports
Questions: Do you think credit scores should play a role in choosing a partner? Why or why not?  What do you think a credit score tells you about someone's relationship to money?  ---------------------------- Questions: Can employers request to see your credit score before they hire you?  Why do you think that employers would care about their employees' credit scores?  -------------------------- Questions: In your own words, what do you think is meant by cash flow? Why...

What I'm Reading This Weekend (June 9-10)

|
Jun 08, 2018
|
Current Events, Parent Conversations, Retirement, Credit Reports, Investing, Mortgages
Parenting The WSJ takes a good look at the overprotected American child. You probably see the impacts on the students you teach. Michelle Singletary explains why parents should have “the talk” (about credit) with their kids. Here are eight things parents can do to help their college students become financially independent. And here is what you do if your adult children want to move home. Education The New York Times looks at education spending over time.  (Hint: it...

What’s New With……Credit Management?

|
May 17, 2018
|
Identity Theft, Credit Cards, Credit Scores, Credit Reports, Mortgages
This second quarter update deals mostly with credit cards and credit scores, but we touch on managing mortgages and financial infidelity. Credit Cards/Score Ever wonder what to do with that credit card you never use? There is not necessarily one answer for all situations. Do you know exactly what happens when if you make a late credit card payment? How about what happens when you don’t pay off your credit card balance in full? This one might make you think twice about opening a joint...

Update: NGPF's Elite Eight (Game 1): #1 PAYBACK vs. #8 Community Credit

|
Mar 25, 2018
|
Interactive, Parent Conversations, Paying for College, Credit Cards, Credit Reports, Credit Scores
FINAL PAYBACK looks unstoppable as they crushed Community Credit 186-14 yesterday. Will they be tested in the Final Four? Stay tuned.  UPDATE on Monday at 9am PT Yes, you are reading this correctly: PAYBACK 151 - Community Credit 11. Looks like their starters will be extra fresh as PAYBACK appears close to punching their ticket to the Final Four.  The pretenders have left town and the field has been whittled down to 8 NGPF resources. What patterns can we discern from the...

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

|
Feb 16, 2018
|
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...

Question of the Day: What percent of minors (under 18 years of age) have had their identity stolen?

|
Feb 12, 2018
|
Question of the Day, Credit Scores, Credit Reports, Identity Theft, Credit Cards, Article
Answer: 10% Questions: Why do you think that this happens (ID theft) so frequently to minors?  What would you do if you found out that someone was using your Social Security number to open accounts?  How can you check to make sure this hasn't happened to you?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from Buzzfeed, great article that your students will enjoy since it describes...

How To Integrate Personal Finance Content Into Family and Consumer Science Courses

|
Nov 15, 2017
|
Entrepreneurship, Investing, Identity Theft, Credit Scores, Credit Reports, Personal Finance
A few days ago, Leah Bratcher, Financial LIteracy Program Coordinator for FCCLA reached out to us with an interesting challenge. Leah helps Family and Consumer Science teachers discover ways to integrate personal finance into their courses, which can range from child development to fashion, interior design to hospitality, and more, all while adhering to different standards. As you can imagine, finding ways to weave personal finance into such a wide variety of subjects while meeting standards can...

NGPF Podcast: Tim Talks To Steve Frederickson, Executive Chairman of PRA Group

|
Nov 06, 2017
|
Credit Reports, Credit Scores, Entrepreneurship, Credit Cards, Podcasts
I really enjoyed my recent conversation with Steve Frederickson of PRA Group. He just recently stepped down as CEO of PRA, a company he founded 20 years ago (Hat tip to Melissa at NGPF for connecting me with Steve) Looking back at his tenure, Steve shares the ups and downs (mostly ups!) that make entrepreneurial ventures so satisfying and so all consuming too. Steve shares that journey from developing an enduring strategy for PRA right out of the gate as a start-up, to taking the company...

Question of the Day: How much will an Excellent credit score save you on a $25,000 auto loan?

|
Nov 02, 2017
|
Credit Scores, Current Events, Research, Credit Reports, Question of the Day
Answer (from credit.org infographic): Over $10,000 ($10,896 to be exact) Methodology: Excellent credit score paid interest of $2,113 on a $25,000 auto loan while a Poor credit score paid interest of $13,009 on that same loan.  Thanks to NGPF Fellow, Diane Mondoro for highlighting this awesome infographic which is chock full of information. It does the best job I have ever seen at answering the question about the value of a good credit score by showing how interest rates vary by credit...

What's Trending On the NGPF Blog?

|
Oct 12, 2017
|
Entrepreneurship, Credit Reports, Career, Parent Conversations, Paying for College
Here are some NGPF Blog posts (both old and new) that are trending based on pageviews: How Can My Students/Children Under the Age of 18 Check Their Credit Report? Why Are Soft Skills So Important in the Workplace? Let's Pick A Side Hustle One Strategy To Keep College Costs Down: Graduate in 4 Years! Blog posts categorized as "Parent Conversations" ...

Steal of the Century: Equifax Hacked

|
Sep 11, 2017
|
Current Events, Credit Scores, Credit Reports, Identity Theft
You can't imagine a more enticing target to hack than one of the three credit reporting agencies. As you have no doubt heard at this point, over 1/2 of America has had the "crown jewels" of their financial history stolen. This will be a story that will unfold over months not days as Congress is sure to haul executives up to the Hill for hearings to learn a few things from company executives including: Why did it take months for the company to let the public know about this hack? Why did the...

Infographic: What's the History of Consumer Credit? Or How Did We Go From $0 to $12.4 Trillion in Debts?

Sep 04, 2017
|
Credit Scores, Credit Cards, Credit Reports
For those history buffs out there, I stumbled across the exhaustive infographic from Visual Capitalist (see below) that takes us all the way back to 3500 BC for the birth of consumer credit.  Questions for students: What was the purpose behind the first consumer loans? Why do you think this occupation needs access to credit? What was the level of the first maximum interest rates? How does that compare with interest rates on credit cards today? Why do you think there were higher...

For Your Listening Pleasure, The Top 10 NGPF Podcasts

|
Jul 25, 2017
|
Podcasts, Credit Scores, Credit Cards, Index Funds, Investing, Mutual Funds, Current Events, Credit Reports, Featured Teachers, Entrepreneurship
The NGPF Podcast started almost two years ago (and almost 100 podcast segments later) allowed me to “scratch my own itch.” To anyone who knows me, I love talking finance and since I was young I was always told that I had a voice (and a face) for radio. I thought why not try this “podcasting thing” and see what happens. My thinking was “How much fun would it be to reach out to interesting people, including educators, researchers, columnists, finance experts, authors,...