April is Financial Literacy Month, and > is on board, having joined with Jump$tart Coalition to celebrate and “Creating a Financially Literate Future” is the theme for the month. As part of the initiative, Experian is offering consumers access to free credit education, along with tips on how they can manage their credit profile more effectively. This includes events via Periscope, Twitter and Google+, which small-business owners and educators, as well as consumers, can take part in, ranging from how to build smart money habits to how to make savings fun for kids.
Part of getting a handle on consumers financial know how is building their confidence, and education is the key to doing that especially in this technology driven age.
“As technology rapidly evolves the financial industry, consumers are faced with more financial decisions than ever before,” said Rod Griffin, director of public education at Experian. “We play an active role in changing the dynamics of lending, so we take the responsibility of educating people very seriously. We want to help them feel confident in their decision-making. The only way to accomplish that is to ensure that effective financial education is provided throughout a person’s life.”
Cyber educational events
People can join in on weekly credit chats with @Experian_US via Twitter and Google+ on Wednesdays, starting at 3 p.m. (EST). At these online events experts and leaders in personal finance will be taking on popular financial topics, along with talking about ways people can change their financial habits for the better.
The dates and events for these cyber events are:
April 12 — Personal finance obstacles facing Millennials, with Erin Lowry.
April 19 — Fun ways to teach children the importance of saving.
April 26 — 2017 Data and credit trends, with the National Foundation for Credit Counseling.
Experian is also hosting a #CreditChat live via Periscope at 3 p.m. (EST), which gives people a chance to get their questions about credit and money answered.
Rod Griffin, the Director of Public Education for Experian, has some tips to help people give their credit score a boost, including suggesting checking your credit score, and getting your credit report once a year.
He also suggests knowing your utilization rate and keep it low–suggesting that it should never be more than 30% of the total credit card limit. Late payments and delinquencies have a big impact on credit scores so paying down balances and catching up on payments is a great way to see a boost in scores.