Family and Consumer Sciences

Live Smart Ohio

Ohio State University Extension

What is Your Pedigree?

It’s Not So Much Who You Are as Much as It Is Your Credit Score Not to sound too much like an aging, gray haired individual but “back in the day”, people in a community knew who you were because of your pedigree. What is a pedigree? When speaking about humans, it is “a register […]

WRITTEN BY: Dennis DeCamp

REVIEWED BY: Dr. Roseanne E. Scammahorn

PHOTO CREDITS:

  • https://www.rawpixel.com/search/%20gentlemen%20shaking%20hands?page=1&sort=curated&tags=%24free

REFERENCES:

  • Resources https://www.merriam-webster.com/dictionary/pedigree
  • https://www.fdic.gov/resources/consumers/consumer-news/2021-08.html

Financial Consumers

Do you remember studying the food chain long ago? Plants capture energy from the sun to produce their own food, and are therefore called “producers.” The animals that eat those plants, or other animals, are labeled  “consumers.” When we think of humans as consumers, we may immediately think about our consumption of food and drink. […]

WRITTEN BY: Emily Marrison, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Coshocton County

REVIEWED BY: Courtney Woelfl, Program Specialist, Healthy Finances, Family and Consumer Sciences, Ohio State University Extension

PHOTO CREDITS:

  • https://unsplash.com/photos/bmj1Vl77ZWM
  • https://unsplash.com/photos/NpTbVOkkom8

SOURCES:

  • Egan, J. What’s the most important factor of your credit score? Experian. August 29, 2021. https://www.experian.com/blogs/ask-experian/what-factor-has-the-biggest-impact-on-credit-score/
  • What is a debt-to-income ratio? Why is the 43% debt-to-income ratio important? Consumer Financial Protection Bureau. November 15, 2019. https://www.consumerfinance.gov/ask-cfpb/what-is-a-debt-to-income-ratio-why-is-the-43-debt-to-income-ratio-important-en-1791/#:~:text=Your%20debt%2Dto%2Dincome%20ratio,money%20you%20plan%20to%20borrow

REFERENCES:

  • Mortgages key terms. Consumer Financial Protection Bureau. Retrieved October 18, 2021. https://www.consumerfinance.gov/consumer-tools/mortgages/answers/key-terms/?_gl=1*17g9u5n*_ga*MTg0NTk3MTQyNy4xNjMwNDMwODA4*_ga_DBYJL30CHS*MTYzNDU4NzgxMi40LjEuMTYzNDU4ODI0OS4w

Your Financial Life – Credit Account Closures

Q: I have an old credit card that is paid off. I never use it. I’ve kept it open because I thought closing it could negatively impact my credit score. My creditor has informed me that they will be closing my account due to inactivity. Would it be better for my credit if I closed […]

WRITTEN BY: Joanna Fifner, Extension Educator, Ohio State University Extension, Medina County, fifner.2@osu.edu

REVIEWED BY: Candace J. Heer, Extension Educator, Ohio State University Extension, Morrow County, heer.7@osu.edu

SOURCES:

  • http://blog.equifax.com/credit/credit-tips-what-to-do-when-an-issuer-closes-your-credit-card/
  • http://www.consumerfinance.gov/askcfpb/83/i-received-a-notice-from-my-card-issuer-telling-me-that-they-were-closing-my-account-and-that-i-cannot-use-my-credit-card-any-more-can-they-do-that.html

REFERENCES:

  • https://www.consumer.ftc.gov/articles/0153-choosing-credit-counselor
  • http://livesmartohio.osu.edu/money/rini-41osu-edu/your-financial-life-credit-reports/
  • http://livesmartohio.osu.edu/money/heer-7osu-edu/your-financial-life-credit-scores/
  • http://livesmartohio.osu.edu/?s=Your+financial+life

Your Financial Life – What Your Credit Report and Credit Score Can Impact

We know having good credit is an important part of our financial lives.  It helps in getting a loan from a financial institution and obtaining a credit card.  Since a credit report and credit score help determine the interest rate we will be charged – good credit will insure the rate will be lower (and […]

WRITTEN BY: Candace J. Heer, Family and Consumer Sciences Educator, Ohio State University Extension, Morrow County, heer.7@osu.edu

REVIEWED BY: Joanna Rini, Family and Consumer Sciences Educator, Ohio State University Extension, Medina County, rini.41@osu.edu

SOURCES:

  • http://www.consumerreports.org/cro/car-insurance/credit-scores-affect-auto-insurance-rates/index.htm
  • https://insurance.ohio.gov/Newsroom/Tips/Pages/CreditScore.aspx
  • http://www.experian.com/blogs/ask-experian/credit-education/life-events/employment/
  • https://www.consumer.ftc.gov/articles/0152-credit-scores
  • http://www.dca.ca.gov/publications/landlordbook/looking.shtml
  • https://www.consumer.ftc.gov/articles/0157-employment-background-checks,
  • https://www.eeoc.gov/eeoc/publications/background_checks_employers.cfm

REFERENCES:

  • https://livesmartohio.osu.edu/money/rini-41osu-edu/your-financial-life-credit-reports/
  • https://livesmartohio.osu.edu/money/heer-7osu-edu/your-financial-life-credit-scores/

Your Financial Life – Credit Scores

A big part of your financial life is your credit score. Not to be confused with your credit report, your credit score is a number assigned to a person that indicates to lenders: if they qualify for the service their ability to repay a loan the rate they will pay for a loan or credit […]

WRITTEN BY: Candace J. Heer, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Morrow County, heer.7@osu.edu

REVIEWED BY: Joanna Rini, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Medina County, rini.41@osu.edu

PHOTO CREDITS:

  • flickr.com

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