How to Successfully Build Credit & Manage Debt
Learning Objectives
Upon completion of this comprehensive and engaging course, you will be able to:
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- Define key terms such as Credit, Debt, Annual Percentage Rate (APR), Minimum Payment, Credit Limit, Credit Utilization Ratio, and Predatory Lending
- Differentiate between revolving credit vs. installment credit
- Review what a “credit score” is and how FICO Scores and VantageScores are calculated
- Compare the three major credit bureaus (Equifax, Experian, and TransUnion) and get a free annual credit report
- Explain the benefits and risks of credit cards vs. debit cards
- Identify best practices in how to effectively build credit
- Avoid or recover from factors that negatively impact credit
- Develop and implement an evidence-based debt repayment plan
- Compare and contrast the Debt Avalanche and Debt Snowball approaches to debt repayment
Instructor
Danial Khan, MBA serves as Financial Wellness Program Manager at Stanford University. He completed two Master’s degrees in Business Administration and Social Work (MBA/MSW) at the SUNY University at Buffalo. He is a Certified Financial Social Worker (CFSW), with expertise and experience helping people understand their relationship with money, promote positive behavior change, and improve outcomes for financial well-being. He previously served as an AmeriCorps service member at the University at Buffalo to build and manage their first Financial Wellness Program. Danial provided one-on-one financial coaching, interactive and educational workshops, and partnered with schools, departments, and student groups on-campus to market and expand the program’s impact, in service to the institution’s 30,000+ students. With regards to accolades, he served as a Social Impact Fellow with Habitat for Humanity Buffalo and was appointed as Buffalo’s City Leader by Skate for Change, a not-for-profit organization empowering people experiencing homelessness.
9888 Windy Hollow Rd
