Credit Sharks In Suits - Week 5
Week 5
Credit Sharks In Suits
Dear Myron & Sally:
Creditors keep calling? Wondering what the deal is with the FICO score? Hopefully, you didn’t miss out on this week’s FPU class. Dave discussed how to understand your credit score and keep vicious creditors from having too much influence in your life.
Class Notes
Never place creditors’ demands over your family’s basic needs. Take care of the Four Walls—food, shelter, clothing, and transportation—before you pay anything. Never attempt to dodge a bill, but make sure you prioritize your family over a barking creditor.
A FICO score is an “I love debt” score—simply measuring how well you manage your debt. It is not a measure of your financial success. Don’t worship at the altar of the “Great FICO.”
Helpful Tools
We offer plenty of tools this week to help you identify any credit issues you may have. In the Member Resource Center, you’ll find information about obtaining your annual credit report, checking for inaccuracies, and securing identity theft insurance. And, as always, the MRC is full of many other resources to help you along your journey to Financial Peace.
Stop those annoying telemarketer calls! Use the government's National Do Not Call Registry to protect your number from unsolicited calls. In addition, you can stop all of the pre-approved credit offers that fill your mailbox!
Homework Reminder
Maybe you’ve never faced collections pressure yourself. But you probably know someone who has received the phone calls and heard the threats. Be prepared to bless others by helping them through a tough time in their lives.
Get ready for next week’s exciting lesson, Buyer Beware! You’ll learn about the power of marketing on your buying decisions.
I missed this week @ OSLC as I was in Overland Park Kansas - myron@myownfaith2.com
Credit Sharks In Suits
Dear Myron & Sally:
Creditors keep calling? Wondering what the deal is with the FICO score? Hopefully, you didn’t miss out on this week’s FPU class. Dave discussed how to understand your credit score and keep vicious creditors from having too much influence in your life.
Class Notes
Never place creditors’ demands over your family’s basic needs. Take care of the Four Walls—food, shelter, clothing, and transportation—before you pay anything. Never attempt to dodge a bill, but make sure you prioritize your family over a barking creditor.
A FICO score is an “I love debt” score—simply measuring how well you manage your debt. It is not a measure of your financial success. Don’t worship at the altar of the “Great FICO.”
Helpful Tools
We offer plenty of tools this week to help you identify any credit issues you may have. In the Member Resource Center, you’ll find information about obtaining your annual credit report, checking for inaccuracies, and securing identity theft insurance. And, as always, the MRC is full of many other resources to help you along your journey to Financial Peace.
Stop those annoying telemarketer calls! Use the government's National Do Not Call Registry to protect your number from unsolicited calls. In addition, you can stop all of the pre-approved credit offers that fill your mailbox!
Homework Reminder
Maybe you’ve never faced collections pressure yourself. But you probably know someone who has received the phone calls and heard the threats. Be prepared to bless others by helping them through a tough time in their lives.
Get ready for next week’s exciting lesson, Buyer Beware! You’ll learn about the power of marketing on your buying decisions.
I missed this week @ OSLC as I was in Overland Park Kansas - myron@myownfaith2.com
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