Unit 6 Project

TEAM GOLD ( Bryan Zepeda & Ermias Asefaw)

Welcome to Credit Counseling !

Building credit the right way can lead you to all your desires. Below we've created an efficient guide on topics from how to maintain, build, and start credit, to investing and retirement! We'll help you with any credit issues you have and want to know.


What highschool students should know..

  • Direct deposit any money you earn from your job into your bank account
  • Try using a debit card as practice for a credit card

College Loans

Managing college debt isn't to fun to do, but two things a student should know is to always pay on time and pay more the minimum.

Building Credit

  • Take out a small loan
  • Pay cell phone bills, builds good credit
  • If you really need one...open a credit card account


Paying Bills

Just as any other person, when paying bills always pay them on time so they won't pile up then gain interest and your credit score would lower.


  • Applying for FAFSA is a great way to get a college loan.
  • Getting a loan for a car from Credit Unions is a great way to pay, try and avoid Loan Sharks.


Opening a savings account is a great way to start off investing as a young adult. Different banks across the nation have different interest rates on which you can gain your money. With this your not taking a high risk since your starting off small as a student.
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Credit Score

Building a credit score as a young adult can be fairly easy. There are many ways to start building credit anytime. Opening a credit card account is one or paying your phone bill on time, all the time is a great boost to your score.
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Stage 3

What should they understand about credit? Debt? Incorporating living expenses?

Young/middle aged people should understand that they have a lot going on with expenses and that they have to be very manageable with what they buy and do , due to the fact that anything you do that's no positively contributing to paying off things or stuff on time can hurt your credit and put you in a hard position in debt.
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What is some important advice when it comes to loans?

That do not apply for loans that you know you cannot payoff because it will put you in a tough financial position. Also, always read terms and conditions and ALWAYS pay your loans cause it will all just accumulate.
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Positives and Negatives of Credit

Positives-They allow you to withhold payments - they provide financial backup in the event of an emergency, such as an unexpected healthcare cost, job loss or other serious condition.
Negatives-Credit card fraud is a possibility -Some consumers feel compels to sped more money then they have, which can lead to spending problems, with can lead to more debt.
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How can they protect their credit score?

They can protect their credit score by shredding it , monitoring ones credit report, and by putting a fraud alert on your credit report.
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Stage 4

How can adults invest for retirement?

By setting realistic goals , making positive contributions to 401(k0 plan and IRS. The call experts that will lead you in the right direction and also take advantage of catch-up contributions. Also a great idea is to put ones money in a mutual fund once they reach elder age.
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How can they put off a lot of debt and still manage credit?

Buy continuing to pay off payments and to always search for help if needed and to put money in investments such as mutual funds and or 401(k) plans.
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How can they protect their credit score?

Get annual checkups, fix errors, maintain a paper trial, and to be aware of credit improvement cards, and to also pay yearly bills every month.
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As we end Credit Counseling....

Overall credit building is important for all ages and groups, it is never too late to learn about how to manage your money and expenses for all of your desires. Learning the different ways to use credit is beneficial as your salary increases, so you can learn how to manage and accumulate more.