Introduction to Credit

Learn how to pull yourself out of bad credit, get started if you have no credit, and keep your credit score high.

Introduction

• Introduction to credit and why it can make you successful
• Financial disclaimer

1. A Two-Minute History Lesson on Credit

• Determining how likely you are to pay back your debts

2. Why Credit Equals Leverage

• An example of how credit can build the economy
• Net profit and the law of infinite returns
• The formula for return on investment and how it works

3. Three Types of Credit

• Revolving credit and its functionality
• Ongoing credit and how it contributes to your financial life
• Using installment loans and acting on its payment schedule
• Raising awareness on what debit cards actually are

4. Why Credit Is Important

• Buying or renting a home with your credit
• How credit can impact your way to stay connected with others
• Having good credit as it pertains to buying a car and your future

5. Seven Factors That Affect Your Credit Score

• The importance of your payment history
• Amounts owed and how that factors into your credit
• Making small purchases and paying them off completely and immediately
• Length of credit history and new credit
• Types of credit used and how they factor into your spending
• Tax liens and bankruptcy and how to avoid them

6. How to Boost Your Credit Score

• Getting a secured credit card and spending responsibly
• Why growing your credit is important for making larger purchases

Conclusion

• Finding a mentor, coach, and underwriter to help you through your credit
• Actionable steps to staying on top of your credit score
• Educate yourself on how you can use credit most effectively