Week 7: Using Credit & Debt wisely
Last evening we explored the importance of Using Credit & Debt Wisely. How important is your Credit Score to you? If so how and what measures will you undertake to use credit more wisely?
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Hello and welcome, everyone! We’re excited to have you as part of the CRT 2025 Financial Literacy Institute. This blog is a private space, exclusively available to those enrolled in our program. It serves as a central hub for: Updates and communication about assignments Sharing helpful resources Discussing topics that matter to you We look forward to learning together and making the most of this shared experience. Let’s grow, engage, and support each other throughout the journey! — ~Eileen Feliciano
Good afternoon everyone. So I have always tried to maintain a good credit score as I am aware of the importance it plays in our lives. The last year it has been difficult in maintaining a good score. But the steps I have been taking is checking my credit reports to make sure no fraudulent transactions are impacting it. Also I have locked my accounts as well. Another thing is paying down my debt to raise the scores while trying to pay on time. I’m hoping to be able to start paying on my school loans to help raise my scores as well.
ReplyDeleteGood job locking your accounts. I'm stopping the usage of my credit cards. But actually stopping the use of your accounts is genius. Thanks for that tip.keep going!
DeleteThat's a great way to do it, staying on top of your credit reports and locking your account it was a great idea. Paying down and planning to tackle your student loans will definitely help you. You doing what you have to do to get back on track.
DeleteI used to have excellent credit at 800. I now have a score of 605. I made bad choices inquiring debt. Iwant to fix my score and save for a home and retirement. I am looking for a side job. I plan on working off my debts. I'm determined.
ReplyDeleteWe all have been there or are going through it. But by holding yourself accountable and knowing that it needs to corrected shows that you are on the road towards bettering yourself in many ways.
DeleteIt's always feels good when we take accountability. It's great that you have a plan to build up your credit. Many people including myself have many setbacks, but our determination should pay off debt and focus on the future goals and shows real growth. You got this!
DeleteI can relate. My credit score was over 700, and now is right below 500 😲 which is crazy to me. We all will get exactly where we want to be in life.
DeleteMy credit score is very important to me because, honestly, you need good credit for almost everything these days. I used to have a score in the 800s, but now it has dropped to the 500s, and it sucks. I know it's temporary because I'm working on it. Right now it's just a sacrifice but once I build it back up, I'm going to be smarter with how I use my credit. I plan to keep only two or three credit cards instead of seven like I had before and choose the ones that actually benefit me, not just the ones that have high limits. It's all about learning to make my credit work for me, not against me. Cool when was on my face right there
ReplyDeleteAs long as you keep working on it and not go backwards, youre golden!!
DeleteKeep going. The first step is being aware of your score. You can do it!
DeleteSometimes life throws curve balls at is that are beyond our control. Especially with what you endured so please be kind to yourself. You have taken great steps to improve your situation and with time you will be right back in good standing.
DeleteThank you ladies your encouragement helps.
DeleteHello everyone!
ReplyDeleteMy credit score is important to me. I do have some things that I need to work on, so I can get my credit score Back on the right track. My goal is to purchase a home.
Your persistency and consistency will help you achieve your goal. I know you will make it happen. Keep it up!
DeleteQuanna you will def get there with your determination and hard work. You should also look into programs that can help reach your goal of home ownership sooner.
DeleteYou got this girl! Your heading in the right direction. You are taking the necessary steps to get there!
DeleteSo my credit is important to me, id like to be able to have a good credit score so I can do things like sign for a new car, a new apartment or house. I want to be able to have credit available to me for emergencies. So I wont be stressed pulling my hair out offering to sell an arm leg or kidney lol
ReplyDeleteI know I will soon get on the right track and pay the little.debt I habe and make good with discovery card and build a new relationship with my credit.
With the tools learned here, you can do it.
DeleteYour persistency and consistency will help you achieve your goal. I know you will make it happen. Keep it up!
DeleteNow that we have these new great tools in this cleverything! be more equipped on that battlefield and come out on top everytime!
DeleteEverything i learn i am and will be putting to use towards everything, ill spread the knowledge as much as I can too
DeleteHere is the link for Hartford habitat for prospective homeowners. They will be doing a meeting in 2026. If you explore their website they show you where they're going to be building next. If you're interested. https://hfhncc.org/homeownership/
ReplyDeleteI tried contacting them. Emailed and called. No one got back to me.
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