Proper Financial Management
Many high school students don’t realize the overwhelming responsibilities that come with getting a college education. With newfound freedom must also come new skills for living more independently. Chief among them are skills for managing one’s finances properly. Explore the tips below to see what we mean:
Spend based on “need” not on “want” (easier said than done!)
Watch those credit cards!
Protect your identity.
Identity Theft is a very real and serious crime. People whose identities have been stolen may spend months or years and thousands of dollars cleaning up the mess the thieves have made of their good name and credit record. In the meantime, victims of identity theft may lose job opportunities, be refused loans for education, housing or cars, and even get arrested for crimes they didn’t commit.
For more information, visit the following link: The Federal Trade Commission (FTC)
You may also wish to access the Consumer Protection Division of the Mississippi Attorney General’s Office, as a Mississippi Resident.
Keep a close eye on your credit.
What is a credit report?
A credit report includes information on where you live, how you pay your bills and whether you have been sued or arrested or filed for bankruptcy. A credit file disclosure also includes a record of everyone who has requested and received a consumer report about you from the consumer reporting company within a certain period of time.
How do I request my report?
The national credit reporting companies (Equifax, Experian and TransUnion) have established a Central Source through which you request the free report. There are three options to request your report through this Central Source. Free credit reports requested online are viewable immediately upon authentication of identity. Free credit reports requested by phone or mail will be processed within 15 days of receiving your request.
You can view and print your report online at AnnualCreditReport.com, a secure Web site. You must enter your Social Security Number to receive a free credit report.
Call 1.877.322.8228 – you will go through a simple verification process over the phone. Your report will be mailed to you.
Download a request form to have your report sent by mail at AnnualCreditReport.com. Print out the form, complete and mail to: Annual Credit Report Request Service P.O. Box 105281 Atlanta, GA 30348-5281
You may order your reports from each of the three nationwide consumer reporting companies at the same time, or you can order your report from them one at a time. You may wish to order your free credit reports from the companies at different times during the year so that you can monitor any changes.