Credit Savvy: Demystifying Credit Scores and Building Financial Health
+10 Points
(1) $100 e-gift card
As a Financial Advisor, you’ve been tasked with educating young adults about the importance of credit scores and strategies for building and maintaining a healthy credit score. With credit scores playing a crucial role in financial health, your mission is to help individuals understand how their financial behavior impacts their creditworthiness.
Your Task:
Learn About Credit Scores: Start by watching the video, you can also learn more by checking out this article
Evaluate and Reflect: Consider the challenges young adults might face in building a good credit score. What are the most effective strategies for improving and maintaining a healthy credit score? Here are some key points to consider:
Pay your bills on time.
Keep your credit card balances low.
Avoid applying for too much new credit at once.
Monitor your credit report regularly.
Propose a Solution: Create an infographic or flyer (using a tool of your choice, such as Google Slides, Canva, etc.) that explains how credit scores work and offers practical tips for improving and maintaining a high score. Alternatively, write a paragraph summarizing your key recommendations for building credit.
IMPORTANT! Links must be set to: Viewed by anyone on the internet. Test your link using incognito / private mode. Watch our tutorial on Creating and Checking Sharable Links.
