Zoom Logo

Financial Capability Training - Shared screen
shayes1
31:05
Hello Everyone..
Cynthia Young
31:22
Hello Everyone!
ESantana
32:16
Hello, I am from the Houma office
Cynthia Bennett
40:22
false
Rosalyn Davis
40:23
False
Nicole Poiencot
40:23
no
shayes1
40:23
False
Shelly Hebert
40:25
false
DeShawn Coleman
40:25
false
Cynthia Young
40:26
False
Meredith Beauregard
40:27
fa;se
KIMBERLY FALGOUST
40:28
false
Kendra Bellow
40:32
False
PVets
40:32
false
ESantana
40:35
no
Nikki
40:35
False
KIMBERLY FALGOUST
41:00
may need good credit for employment
Nicole Poiencot
41:03
check for fraudulent credits cards etc
PVets
41:15
indicates if you might be a risk
ESantana
41:18
buy a new car
Kendra Bellow
41:19
they sometimes use credit when you're renting
Kendra Bellow
52:19
I just closed on my first home and I was obsessed with my credit score and credit report. Also making payments on time (I'm forgetful sometimes)
Cynthia Young
57:12
Mint offers free credit score
Cynthia Young
57:36
Experian offers free credit score too
shayes1
01:07:47
Also, if you do pay regularly on your Credit Card(s), you get lots of email promos to purchase higher end items...they are always trying....
shayes1
01:18:40
I looked up and it states that some credit card issuers will try and make contact with card holder to remind about Activating Card. If card is not Activated after a period of time, Card Issuer may Cancel Card. It also states having a Card Issuer Cancels Card, this could impact your credit score...
Fred Pape
01:19:05
will go down
shayes1
01:19:06
could you repeat the question
~Bethany
01:19:20
Hard inquiries will make it go down
Shelly Hebert
01:19:22
will go down
Michele
01:19:23
It won't take it hit but once
Nicole Poiencot
01:19:29
will definitely go down
shayes1
01:19:31
it will affect your score
PVets
01:19:33
no, it's all in 30 days
MetroHealth
01:19:33
go down
shayes1
01:19:37
it may go down
Nicole Poiencot
01:20:01
I did not know this, great information
Nicole Poiencot
01:22:30
so soft pull is not reported ?
Nicole Poiencot
01:23:40
Thank you
Nicole Poiencot
01:26:16
another question, what do you suggest about all the open credit cards not used but have large limits. I have always been told to keep open to keep credit score high.
Nicole Poiencot
01:26:21
Asking for a friend also
shayes1
01:30:33
I pulled up information about not Activating Credit Card could affect your Credit Score if Credit Card Company Closed Account. Also, it stated that they will try and send Reminders to Activate.
shayes1
01:34:32
WOW!!
shayes1
01:40:00
580-699 Fair,,.....670-739 Good
BRENDA BOHRER
01:41:58
as it relates to self employment with LRS, we like to see at least a 620
Nicole Poiencot
01:42:53
Thanks Brenda
shayes1
01:45:31
The other is that if your denied a credit card, this will affect you if you want to rent a vehicle. Rental Vehicle companies only accept Credit Cards to rent a vehicle.
PVets
01:47:25
to reserve a room a credit card is needed
shayes1
01:48:53
Thank you Brenda for that information
James
01:49:23
informative
shayes1
01:50:28
They will get their money with the Service Charge...Interest Rates, Late Fees.....
shayes1
01:52:03
Years ago, Loans through a Credit Union Establishment did not go towards building Credit. Is this still true?
PVets
01:52:25
No
ANGELA ROBERSON-KING
01:52:25
False
Nicole Poiencot
01:52:30
False
Rosalyn Davis
01:52:31
f
shayes1
01:52:32
I would say No
shayes1
01:53:02
Work history....money
shayes1
01:55:39
Thank you...I guess I was showing my age too...
James
01:56:00
credit karma isn't letting me verify myself
ANGELA ROBERSON-KING
01:56:04
Relationships can also be affected by your credit history. I know of a couple in which the marriage was delayed until bills were paid down. I wasn't this smart myself, but in hindsight, not a bad idea!
James
01:56:47
cause money was their issue..lol
ANGELA ROBERSON-KING
01:56:54
Not every month!
shayes1
01:57:10
Angela...Funny you mentioned that....In TV Shows they do mention that one should have this as part of their relationship questions...
Sarah Loizeaux
02:01:26
Is leasing a car considered non-traditional borrowing? And does leasing a car ever make sense?
shayes1
02:03:04
I used to tell my Consumer's, when I was Housing Coordinator that businesses that sell furniture, appliances through rent-to-own plans that they were paying approx. 3x more than what item is worth....
shayes1
02:13:40
But I think that some of these Leasing a Vehicle, you may have to keep the milage at a certain amount or else you could get charged for every mile you go over the amount on Lease. Again, reading the Fine Print is good.
shayes1
02:14:34
I think the Mileage cannot go over a certain amount when Lease is up.
shayes1
02:21:29
Great Training....
Kendra Bellow
02:22:58
Thank you for the session today
DeShawn Coleman
02:23:07
thanks