Feb 16, 2018

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

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. 

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