Managing Credit Mansfield University trio melissa Wise First Citizens National Bank

Fair Isaac reports that the American public’s credit scores break out along these lines:

CREDIT SCORE	PERCENTAGE
499 and below	2 percent
500-549	5 percent
550-599	8 percent
600-649	12 percent
650-699	15 percent
700-749	18 percent
750-799	27 percent
800 and above	13 percent

• Fair Isaac reports that the American public’s credit scores break out along these lines:

THINK OF YOUR CREDIT REPORT AS A SECOND RESUME!

• THINK OF YOUR CREDIT REPORT AS A SECOND RESUME!

A credit report contains information about where you work, live, how you pay your bills, whether or not you have filed bankruptcy and even if you have ever been arrested or sued.

You can check your credit score for free up to three times annually at http://www.annualcreditreport.com!!

USING CREDIT WISELY

For decades, society has promoted the idea of “BUY NOW, PAY LATER.”

This is a good concept for some types of

purchases and a bad concept for many

other types of purchases.

USING CREDIT WISELY

• Good Credit Purchases
• Buying a house on credit is a smart move as home values rise quickly and you can gain equity through appreciation.
• Financing an education is a good investment in the future. Your earning potential will eventually outweigh the cost of tuition, and educational loans are usually at a very low interest rate.
• Buying a car can also be a good credit purchase. It is important to not get caught up in buying a car for more than you can afford.