Sugar Land, TX (PRWEB) March 16, 2014
So, you think you know credit?
MMI launches new eBook to help with understanding credit reports and scores
"As much as you think you know about credit reports, credit scores, and how both of those can impact your ability to purchase goods at a competitive rate, you probably don’t know the whole story," said Jo Kerstetter, VP of education and industry relations for MMI. "Truthfully, you’re not alone."
A 2013 survey commissioned by the Consumer Federation of America found that Americans have some surprising misconceptions about how credit reports are used and what information is tracked.
The unfortunate fact is that consumers aren’t required to learn how credit works before they start using it. There’s no required “Driver’s Ed” type training for borrowers, which means that a lot of consumers are introduced to credit and its impact through trial and error.
To help bridge that gap, the financial educators at Money Management International (MMI) created Getting the Credit You Deserve, a free downloadable ebook. This valuable financial education tool explains how credit reports are used and scored, and offers tips for building a strong credit profile.
Download a copy at MMIUrl.org/CreditYouDeserve.
In addition, MMI offers Credit Report Review Counseling. Those interested in building better credit are encouraged to talk one-on-one with a credit counselor to gain a clearer understanding of their unique financial situation and personal credit reports and scores. To learn more, visit MMIUrl.org/CreditReportReview.
About Money Management International
Money Management International (MMI) is a nonprofit, full-service credit-counseling agency, providing confidential financial guidance, financial education, counseling and debt management assistance to consumers since 1958. MMI helps consumers trim their expenses, develop a spending plan and repay debts. Counseling is available by appointment in brand offices and 24/7 by telephone and Internet. Services are available in English or Spanish. To learn more, call 800.432.7310 or visit http://www.MoneyManagement.org.