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November workshop series

Understanding How to Build Your Credit   

A good credit score is essential when applying for a credit card or a loan, but that’s not all! Your credit score demonstrates how you pay back money you have borrowed – and this matters when you’re applying for a new apartment, buying a new phone, or when buying insurance. During the pandemic, job loss or health issues may have thrown you off track. But you can fix that! In partnership with the Wells Fargo Foundation, CSD Learns is pleased to present their four-part financial education series, “Understanding How to Build Your Credit,” with finance expert Justin Folk.  

Most people aren’t comfortable talking about credit or letting someone manage their money. But for Justin Folk, discussing finances is a childhood pastime. Polk is Vice President of Finance at Folk Williams, a family-owned and operated financial management service that has been in business since 1958. As part of the third generation to carry on the family business, Justin believes in making those seeking financial support feel like part of the family too.   

Scroll down to catch the snippets of all four workshops or click on the video links below to watch them in full. For more financial education resources, visit www.csdlearns.com and subscribe to our newsletter to stay up to date on the latest events and toolkits!  

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Workshop #1 - The Basics of Credit

This session covers:

• Building your credit knowledge
• Credit terms you should know
• Understanding the credit payment timeline
• The importance of credit for individuals and businesses

Your credit score is a three-digit number that represents your creditworthiness. The higher the number, the more creditworthy you are. Did you know by keeping your credit usage low, you can have a higher score? If all of this seems like a foreign language, watch this workshop on the Basis of Credit. Justin shares the building blocks of credit, from terms you should know to the payment timeline and why building credit is important. Whether you are an individual or a business, this course is for you! 

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Workshop #2 - Options to Improve Credit

This session Covers  

• Credit options available during the pandemic
• How the CARES ACT supports businesses and individuals
• Resources to continue exploring strategies for improvement

There are many opportunities to improve your credit during the pandemic. In addition to local and federal relief programs, many lesser-known financial loopholes can change your situation for the better. For example, fit you know that now is the wrong time to put money in your savings account? Watch the full video to find out why and more in the second installment of the Understanding How to Build Your Credit series.

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Workshop #3 - How to Bounce Back  

This session covers:  

• Ways to bounce back from a low credit score  
• How to communicate with creditors  
• Your rights as a consumer  

A low credit score has the potential to take away your financial power. Higher interest rates, fewer loan options, and difficulties obtaining the things you want are just some of the challenges you can face. But you can bounce back by making payments on time, paying in full, and checking your score frequently. Watch the video to get tips and resources from Justin and Consumer Credit Expert Geneen Parker-Greenberg on how you can maintain control of your financial future!  

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Workshop #4 - Moving Forwards  

 This session covers  

• Series overview  
• More pointers on building good credit  
• Additional resources for individuals and/or businesses  

Credit can be scary, but knowledge is power! Start your financial education journey by watching the videos in this series to learn the basics of credit. Ignoring your debt will not solve all of your financial problems; managing your debt can. Watch the final installment of the Understanding How to Build Your Credit workshop for a refresher on credit terminology and pathways to a healthy financial future! 

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