“APPROVED TO ISSUE CERTIICATES EVIDENCING COMPLETION OF A PERSONAL FINANCIAL MANAGEMENT INSTRUCTIONAL COURSE IN COMPLIANCE WITH THE BANKRUPTCY CODE. APPROVAL DOES NOT ENDORSE OR ASSURE THE QUALITY OF A PROVIDER’S SERVICES.”
- DOES THE CLASS FULFILL THE EDUCATION THE BANKRUPTCY LAW REQUIRES?
- WHY SHOULD I CARE ABOUT MY CREDIT?
- WHAT IS THE COST OF BAD CREDIT?
- WHAT IS A CREDIT BUREAU?
- WHAT IS A CREDIT REPORT?
- WHAT IS A CREDIT SCORE?
- WHAT CAN HURT MY SCORE?
- WHAT CAN I LEARN FROM THE DEBTOR EDUCATION COURSE?
- WHAT IS INCLUDED IN THE DEBTOR EDUCATION COURSE?
- HOW DO I SET UP AN APPOINTMENT FOR THE DEBTOR EDUCATION COURSE?
DOES THE CLASS FULFILL THE EDUCATION THE BANKRUPTCY LAW REQUIRES?
Yes. The consultation fulfills the requirement of the debtor education course as required by the bankruptcy code. Upon completion of the course, you will be issued a certificate of completion that can be filed with the bankruptcy court.
The simple answer is that better credit will save you money, if not headaches. Moreover, the better your credit history and credit score, the better your chances of obtaining a low-cost loan or insurance policy, renting an apartment or qualifying for a job.
The cost of bad credit is that of higher interest and embarrassment. In fact, for a 30-year mortgage, a 9% interest rate will cost you $50,155.00 more than a mortgage with a 7% interest rate.
Credit bureaus collect information about your financial affairs and sell that information to their business members, such as credit grantors, employers, and insurance companies. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus: Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.
A credit report is a summary of your financial reliability: Your history of paying debts and other bills.
WHAT IS A CREDIT SCORE?
A credit score is a number calculated by a credit bureau intended for use in making a decision on a loan application or other product or service. Credit scoring is a point system based on your credit history that is designed to help predict how likely you are to repay a loan or make payments on time.
A credit report with late payments (or no payments) will cause your credit score to nose-dive. Items such as judgments, liens, or bankruptcy will hurt your score.
HCM can help you understand the world of credit reports, credit scores, credit bureaus, budgeting, and identity protection. Our personal financial management instructional course will help you with the following:
- Correcting your credit report if you find wrong or missing information that can lower your credit score and cost you money;
- Avoiding common consumer mistakes that can tarnish your credit record and cost you money;
- Avoiding credit-related scams, including identity theft;
- Budgeting basics; and
- Where to turn for more help or information.
You will receive a workbook with valuable information on how to handle the following topics:
- Budget Development
- Money Management
- Wide Use of Credit
- Consumer Information
- Coping with Unexpected Financial Crisis
To schedule an appointment, please call Phil Chwialkowski toll free at 855-221-5434, or 844-364-9944 (TTY) during the times listed below.
Monday – Thursday: 8am to 9pm
Friday: 8am – 8pm
Saturday: 9am to 3pm
* You are not required to take the debtor education personal financial management instructional course through Hoglund Law Office. Please follow the link below to view a list of other approved debtor education providers.