Category: Credit Scores

What I'm Reading This Weekend (June 30-July 1)

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Jun 29, 2018
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Personal Finance, Economics, Student Loans, Current Events, Taxes, Credit Cards, Credit Scores
Economics Here is an interesting, though depressing look at the employment trends and lack of upward mobility among workers in the lowest quartile. The markets seem to be taking the impending trade war seriously this week. Student Loans Student debt forgiveness is good news. The bad news? Forgiveness comes with a tax bill. Employers offering help repaying student loans to attract workers in a tight labor market. Personal Finance Taxes: Have you heard about the post card sized 1040? Here is...

Looking for engaging, end-of-year activities for your students? Here are 5 that will improve their financial futures!

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May 22, 2018
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Activities, Credit Scores, Investing, Paying for College, Student Loans
It’s that time of year again! Echoes of Alice Cooper jolt you from your bed. Schoooool’s OUT… a little while longer! You wolf down 3 cups of coffee and schlep to school. The hallways are abuzz before first period. State testing has wrapped. Sunshine and summertime beckon from just beyond, and students seem to be itching to do anything but learn. You have to summon everything in your power to keep your students engaged this deep into the waning school year. NGPF is here to...

What’s New With……Credit Management?

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May 17, 2018
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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...

Infographic: How is technology changing the credit scoring process?

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May 16, 2018
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Credit Scores, Credit Cards, Current Events, Research
Visual Capitalist is out with their 2nd infographic demonstrating how tech is changing the credit landscape. It highlights two major changes in the credit scoring system which are being driven by "Big Data." These tweaks increase the predictive ability of whether a consumer's will repay a loan. Here they are: 1) Trended data 2) Alternative data Questions: How is trended data and alternative data different from the current credit scoring system? Analyze three of the alternative data sources...

Question of the Day: What financial term do people Google most: a) student loans b) credit score c) credit cards?

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Apr 10, 2018
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Credit Cards, Credit Scores, Student Loans
Answer: Credit score Questions: Why do you think so many people are interested in learning more about credit scores? When people search "credit cards," what do you think they are hoping to learn/find?  There is about $1.5 trillion in student loans and just over $1 billion in credit card debt. Why do you think that more people are searching for credit cards compared to student loans?  Click here for the ready-to-go slides for this Question of the Day that you can...

Question of the Day: In what state do consumers have the highest credit score? 1) New Jersey 2) Minnesota 3) Arizona

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Apr 02, 2018
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Question of the Day, Credit Scores, Current Events, Research
Answer: Minnesota Questions:  What individual behaviors lead to high credit scores? Many of the states with high credit scores are in the upper Midwest. Why do you think this might be true?  Would you expect Minnesotans to have large credit card balances? Why or why not?  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 Experian's State of Credit): There are regional differences in...

NGPF Elite Eight (Game 4): Thursday Throwdown as #4 FICO Score Simulator battles #5 Spent

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Mar 28, 2018
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Credit Scores, Interactive, Budgeting, Behavioral Finance
FINAL SCORE: Spent Edges FICO Score Simulator, 35-28, in Defensive Struggle MAKE YOUR SELECTION FOR TODAY’S GAME HERE Today’s Tilt: #4 FICO Score Simulator vs. #5 Spent All but 1 of NGPF’s FINANCIAL FOUR resources have been decided. Today’s Marquis Matchup of FICO Score Simulator and Spent proves to be an absolute dogfight for the last spot in the FINANCIAL FOUR. Then, tomorrow - tune in and let your voice be heard to decide who will compete on Monday, April 2 for the...

Elite 8 (Game 2): #3 Let's Make a Mutual Fund vs. #11 A Tale of Two Credit Scores

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Mar 26, 2018
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Credit Scores, Investing, Index Funds
FINAL: Tale of Two Credit Scores Upsets Mutual Fund 115-74    UPDATE at 3pm PT: Tale of Two Credit Scores leads Mutual Fund 96-66   MAKE YOUR SELECTIONS FOR THIS GAME HERE Game Report: Let's Make a Mutual Fund vs. A Tale of Two Credit Scores Let's Make A Mutual Fund has all the elements to make it a championship contenda. It's fast-paced offense will get your students out of their seats learning about the Xs and Os of investing. We all know how important that is! While...

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

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Mar 25, 2018
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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...

NGPF Sweet Sixteen Day #4: Saturday Skirmish

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Mar 23, 2018
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Personal Finance, Activities, Investing, Interactive, Credit Scores, Budgeting, Behavioral Finance
The two weekend tilts are upon us! Who will join the 6 other Sweet Sixteen winners from the week? Time (and YOUR social media influence) will tell. Let ‘em hear your voice in the rafters, baby! Vote in Today’s Tilts: #4 Joining the Market vs. #13 FICO Score Simulator #5 Spent vs. #12 Think You Can Beat The Stock Market? FINAL Update on Sunday, March 25 at 7AM In a major upset, #13 FiCO Score advances to the Elite 8 with a 27-11 trouncing of Joining the Market. Pundits wonder...

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...

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

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Feb 12, 2018
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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...

Question of the Day: What percent of Americans don't pay their credit card bill in full each month?

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Feb 04, 2018
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Credit Cards, Credit Scores, Question of the Day, Research, Current Events
Answer: 43.9% Questions: What do you think keeps so many Americans from paying off their credit card bill every month? Many who don’t pay their credit card bill every month will just pay the minimum (or about 3% of what they owe). Is that a good strategy? Why or why not? Why is it so important not to carry credit card debt month to month? What advice would you offer to a friend who’s trying to pay down their credit card bill while still managing their other expenses? Click here...

Question of the Day: What's the average interest rate on a car loan for someone with bad credit?

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Jan 23, 2018
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Credit Scores, Question of the Day, Current Events, Research
Answer: 16.84% Question: Give one example of an action a borrower can take to have “bad credit?” How does the interest rate affect the monthly payment on a car loan? Explain. Assume a borrower with bad credit took out a $20,000 car loan. Estimate what the total cost of the loan would be for a 60 month loan.  If you want to know the answer, here's an auto loan calculator.  Here's the ready-to-go slides for this Question of the Day that you can use in...

What are the most popular NGPF Questions of the Day?

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Jan 19, 2018
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Question of the Day, Taxes, Budgeting, Credit Scores, Credit Cards, Career, Paying for College
Since we have been providing educators with a daily Question of the Day since November, I thought it would be interesting to see what you found most compelling. Here are the top 10 Questions of the Day (as of early January): How Can My Students/Children (Under Age of 18) Check Their Credit Report? What fraction of U.S. millionaires are professional athletes? What is the average credit score for 18-24 year olds?  What college major provides graduates with the highest median career earnings?...