Category: Credit Scores

NGPF Best of 2021: Most Visited Unit Pages

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Dec 19, 2021
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Savings, Budgeting, Investing, Checking Accounts, Taxes, Credit Cards, Credit Scores, Career, Paying for College
Wondering what topics garner the most page views on the NGPF website? Taxes took the top spot this year dethroning Checking which held the top spot for several years. The curriculum team updates the taxes unit each year to reflect new tax tables and changes to the tax code. Here's the plan for 2022.  The Unit Pages are accessible by clicking these images on the home page: Why are these pages the most popular on the website?  Educators see all NGPF resources on a given topic (unit) on...

Question of the Day: What's the average credit score needed to rent an apartment in 2021?

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Nov 02, 2021
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Question of the Day, Credit Scores
Answer: 638 Question: Why do you think landlords care about an applicant's credit score when deciding whose application to accept for a rental apartment? Why do you think landlords in these cities have such high standards when it comes to accepting applicants?  If you want to rent an apartment after high school or college, what can you do to start to establish credit? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.  ...

Question of the Day: Can you name ONE of the ways that consumers, under age 25, establish credit?

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Oct 18, 2021
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Question of the Day, Credit Scores
Answer: Here's a look at credit-building tools, and how to use them to earn a good credit score. 1. Get a secured card 2. Get a secured loan 3. Use a co-signer 4. Become an authorized user 5. Get credit for the bills you pay 6. Practice good credit habits Questions: Why do you think that credit cards tend to be the entry point for establishing credit for so many consumers?  Almost no one in any age group establishes their credit for the first time by taking out a...

The Horrors of Cosigning

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Sep 13, 2021
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Credit Scores
Hat Tip to Joey Running for sending the story above along to us. As you will read, a student cosigned for a "friend", and then disaster unfolded. A cosigner is a person who is obligated to pay back the loan just as you, the borrower, are obligated to pay. A co-signer could be your spouse, a parent, or a friend. In other words, if you co-sign a loan for someone, you are responsible if that person fails to make payments. If someone is co-signing a card for you, they're agreeing to take the...

Question of the Day: What’s the average credit score for Gen Z?

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Aug 25, 2021
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Question of the Day, Credit Scores
Answer: 674 Questions: Why are credit scores important? What factors affect one's credit score? Why do you think Gen Z may have low credit scores relative to older generations? What might be some of the reasons? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (Experian):  "As Americans entered 2020, the economy—as measured by consumer confidence, spending, and stock market performance—was thriving....

What's New With Managing Credit (2021)

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Aug 14, 2021
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Credit Cards, Credit Reports, Credit Scores
Consumer debt rebounded in the second quarter of this year after falling off during the pandemic. Much of this recent activity was driven by mortgages. Credit card debt is up a bit, but still $140 billion below December 2019 levels. (Reuters) Many are still struggling to pay their balances, and have seen credit limits decreased and accounts closed. (ABC7news)   BNPL (Buy Now, Pay Later). With that as background, the credit management tool talked about most in the news in recent months has...

NGPF On-Demand: New Trends in Building Credit

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Mar 01, 2021
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Professional Development, Credit Scores, Current Events
NGPF On-Demand is a professional development opportunity that allows teachers to deepen their content knowledge on their own schedule and at their own pace. One of the 20 modules available is “New Trends in Building Credit”. This module dives into FinTech companies that have created access to credit without a credit score.    Here are some highlights from the module:  Share key takeaways of Buy Now, Pay Later platforms. Here is a peek at some of the responses:  ...

Podcasts In The Classroom: Score! Learn More About Credit

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Jan 25, 2021
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Podcasts, Credit Scores, Podcasts In The Classroom
After more than 400 teachers expressed interest in bringing podcasts into the classroom, we decided to build out a ready-to-use activity to fulfill that desire. This week's activity (you will be asked to Make a Copy when you click on the link) revolves around the topic of credit and has incorporated 2-3 minute audio excerpts from the NGPF Podcast. Students will have the option to listen to Demetria Gallegos (News Editor at the Wall Street Journal), Rod Griffin (Senior Director of Public...

Best of 2020: Most Visited NGPF Unit Pages

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Dec 23, 2020
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FinCap Friday, Credit Cards, Credit Reports, Investing, Math, Credit Scores, Savings, Paying for College
Our Unit Pages are the most visited pages on the NGPF website, which had over 5 million pageviews in 2020. Why are these pages so popular? Teachers tell us it's because they can see all NGPF resources on a given topic (unit) on ONE page. So, whether you are looking for 45 or 90 minute lessons or just individual resources (activities, projects, FinCap Fridays, questions of the day, case studies or math activities), you can find them on the unit page.  Here were the unit pages that...

My 9 Favorite Games & Interactives to Teach Credit

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Nov 18, 2020
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Interactive, Credit Cards, Credit Scores
Here is my current ranked list of my favorite credit interactives that could be used in NGPF's Managing Credit or Types of Credit Units.  1) Shady Sam: Loan Shark In this popular game, students sit across the desk from unsuspecting borrowers and try to extract as much profit from them - via interest and loan terms - as possible. Try our existing companion handout to this engaging and easy to play credit game Shady Sam. 2) INTERACTIVE: FICO Credit Scores Try our existing virtual...

EdPuzzle Thursday: Debt Collectors

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Oct 28, 2020
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EdPuzzle Thursday, Credit Reports, Credit Scores
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.  This week's EdPuzzle video titled "How to Deal with Debt Collectors" discusses the four levels of debt collections and strategies for getting out of debt at each level.    Interested in more EdPuzzle videos? Visit...

Question of the Day (Updated): Which credit score band has the highest percentage of people: 670-739, 740-799, 800-850?

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Oct 26, 2020
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Question of the Day, Credit Scores
Answer: 800-850 with 22.3% of people in that range Questions: What are some of the disadvantages of having a low credit score? What are some advantages of having a high credit score? Why do lenders use credit scores? How is this information helpful in running their business? What is your strategy to develop a high credit score?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (WalletHub): "The average credit...

Reading List for October 23-25

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Oct 23, 2020
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Financial Literacy, Economics, Credit Scores, Cryptocurrencies
Financial Health PRNewswire reports on an extensive three-part survey by Lending Tree and Stash to look at the financial health of people during the Covid-19 crisis. Here are the key findings: Due to the economic impact of the COVID-19 crisis, 1 in 4 people expect to retire later than anticipated. That's especially true for those who make less than $35,000 (34%) and Gen Xers (29%), as well as Latino (30%) and Black consumers (28%). People of color are facing heavy financial...

Virtual Adaptation - MOVE: Up and Down with Credit Scores

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Sep 07, 2020
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Teaching Remotely, Credit Scores
The original version of the activity  MOVE: Up and Down with Credit Scores encourages students to move around the classroom to kinesthetically model how financial decisions can impact their credit score. At a time where many schools have transitioned to offering synchronous and asynchronous learning and/or limited movement in the classroom, we’ve created an adaptation activity that may work for your current classroom environment.  PLAY: Guess My Credit Score is an adapted...

Question of the Day: Can you name one of the top five money mistakes that millennials made while in college?

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Aug 23, 2020
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Question of the Day, Paying for College, Credit Cards, Credit Scores
Answer: Questions: Given that the average college graduate leaves school with about $30,000 in debt, does it surprise you that 9 out of 10 who borrow don't understand the terms of their loans?  Which of the items above could be mistakes made by young people who don't go to college?  What concrete steps can you take to avoid making similar mistakes?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (College...