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CPCDC staff help clients increase their credit scores and achieve their goals

CPCDC helps its customers to improve their credit.

March is National Credit Education Month. The Citizen Potawatomi Community Development Corporation guides CPN Tribe members and employees for free as they build their credit, helping them lower interest rates, qualify for home loans and achieve their financial goals.

Although an individual’s credit score does not represent their entire financial portfolio, it affects their ability to obtain low interest rates on auto loans, qualify for a home loan, or finance businesses. commercial. Many people know that a high credit score helps and a low credit score hurts, but they don’t know how to improve or manage it.

CPCDC Commercial Credit Officer and Certified Credit Counselor Felecia Freeman helps clients fill these knowledge gaps.

“In high school, I didn’t learn anything about financial literacy,” she says. “So it’s hard for people to know what they need to do to build credit. Many people have had bad experiences – got burned, made decisions that weren’t beneficial – and walked away thinking they couldn’t fix past financial mistakes. Fortunately, this is not the case. You can rebuild your credit quite easily with a credit builder loan that the CDC has.

COMPOSITION

Freeman pointed out that most people’s credit rating increases once they learn about its components. The three major credit bureaus – Equifax, Experian, and TransUnion – consider a few key terms when calculating a credit score.