September 14, 2009
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Students Fall Prey and Get Help, Pt.3
Advantages of investing in their futureThe Credit When Credit is Due course consists of twelve lessons with a pass/fail test at the end of each chapter. When participants have successfully completed the course, they are registered in a national database and are given a registration card of completion. The registration is a valuable entity that can make them eligible for special considerations from utility companies, credit card companies, and other lenders. Candidates will also receive cards addressed to the three major credit reporting bureaus with permission to flag their credit history files with a positive statement indicating their successful completion of the course. The course is a valuable resource for students to learn about the advantages and disadvantages of using a credit card, and, in most cases, will satisfy the regulation that requires anyone under the age of 21 complete a financial education course prior to being issued a credit card.
The course content includes topics that answer a number of questions pertaining to credit card debt such as what a student needs to know to become a financially responsible adult. Or, how to budget, save money, and curb credit card spending. The course also provides valuable information on other types of lending like mortgages, automobile loans, and personal signature loans. Students will also find information on how to negotiate and get the deal most suited to their needs. Additional valuable information includes learning when you are headed for trouble and what to do about it.
Recent research conducted by the Institute for Educational Leadership and Evaluation agency indicates a positive correlation between a credit card consumer's credit score and completion of Credit When Credit Is Due course. Additionally, many credit counseling agencies are also now requiring their clients take the course. To date, ICFE has distributed over 400,000 text books and more than 72,000 individuals have successfully completed the course. Any way you look at it, it's a priceless investment by students and their parents in building a healthy financial future.