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National Financial Literacy Month

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April is National Financial Literacy Month! Read the Presidential Proclamation here.

At the CFPB, we’re working to raise awareness by offering a few seasonal tips to help you get your financial house in order and spring into financial security. Stay tuned in the days ahead for blog posts and other new content.

  1. Dust off Your Credit Report
    Check your credit report at least once a year to correct errors and detect unauthorized activity. It’s free and it’s yours, so make sure you know what’s in there. Remember, only one web source is authorized to distribute this information to you for free once a year: www.annualcreditreport.com. You can also request your report by phone. Call 1-877-322-8228 or fill out this Annual Credit Report Request form and mail it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
  2. Learn your Federal Student Aid Options
    High school graduation is just around the corner. Don’t miss out on the many federal grant and loan options available to almost everyone. Start by completing the new and improved FAFSA form today.
  3. Know Before You Go
    Navigating the financial marketplace can be overwhelming. Prepare yourself with these helpful checklists and tip sheets before making your next financial decisions.
  • Jesse Gomez

    as of April 27, 2011, transunion says you cant get a report online. If you try to leave the sight and return to this website, it’ll ask you if you are sure, so no and try again. it’ll let you register.

    This seems scummy. By coincidence, I work at a place that has many different computers and all major browsers. So I went through his process (haven’t filled out the whole form yet) and it works the same on all platforms and all browsers. I can only conclude it’s intentional.

    Well, one down, 2 more to go!

  • Gnatman

    Financial literacy can also be gained by searching the Internet Blogs run by “honest individuals”.

    Suggest reading from the likes of Jack M. Guttentag, The Mortgage Professor, and Barry Ritholtz, The Big Picture, as starting places to expand your knowledge.

  • Alexis

    One of the important facets of literacy (from an old academic here) is correct use of language. In the case of Chase Bank, they deliberately misuse the word “approved” for their prospective credit card customers (or should I say, perhaps, “marks”??). In point of fact when Chase tells a banking customer that Chase has “pre-approved” them for a Chase Visa, in point of fact as explained to me by a Chase officer when I said “I need more information before I’ll take your bait”, Chase’s “pre-approval” actually only means that you are listed as “someone Chase would likely extend credit to” (the Chase Bank officer’s exact words). In point of fact, you must still formally apply, and Chase will decide at that point what, if anything, to offer you in the way of a credit card, based on your credit score and a myriad of other features, most of which I’m familiar with as I’ve seen this song-and-dance routine before in my six decades plus of life. So: in short, as far as Chase Bank is concerned, their indication to their customer that the customer is “pre-approved” for a Chase credit card means absolutely nothing whatsoever more than any junk mail offering anyone might get – even the hopelessly un-credit-worthy. In my opinion, it is even more strongly false advertising because the words are delivered to you in an excited, come-to-the-credit-party fashion by actual Chase employees. Only when you start pinning them down on details – and oh, the hemming! the hawing! the nervous shuffling! even the shame faced admitting that, well, you aren’t “actually approved” you are only someone to whom Chase “might” think of extending credit.

    It is this kind of manipulation of words and their meanings that is behind much of the downright fraud rampant in the banking and consumer financial services and products industry. As a new government agency, perhaps you might consider looking into such deliberately misleading language. Thank you in advance for considering this problem.

  • http://techcomnews.blogspot.com/2011/04/iphone-4-white.html Iphone4lover

    thanks for the rule

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