Credit Dot Com!

What information was discussed during the presentation and executive mentor group dialogue with respect to personal finance and credit?

This couldn't be a better time to talk about one's credit during this financial crisis. This week, the CoB had a special guest speaker from Regions bank. He came and informs us about the Do's and Don't of credit use. The information was very helpful! One's credit report can haunt one everywhere. For example, credit reports can be used to determine whether or not you will get your next loan or even your next job. Having a good credit report is significant in one's future. It can make one's financial life so much easier. Here are some of the things I learned :

Good Credit Report:
- Get Loans
- Lower interest rate
- A complete car
- Own a House
- Become a Bank Officer

Bad Credit Report:
- Loans Declined
- Outrageous interest rate
- Half a car
- Rent a House
- Becoming a Roadkill Collector

...and lastly, a good credit report can prevent you from being the next Matt Foley!!

Overall, this presentation was a good idea for us (college freshmen). We are at a stage in our life that most of us are just starting to get credit cards and using it freely. If one wasn't satisfied with this presentation, then here is a site that can help prevent financial problems. >>>Need Help?<<<